Press release
Water-Based-Adhesive Specialty Tapes Market Driven by Growing Automotive and Healthcare Sectors
Based on resin type, the polyvinyl acetate emulsion category had the largest share in terms of both volume and value in recent years. This can be because PVA adhesives make clear, hard films that have good resistance to the weather and can stand strong against grease, water, oil, and other petroleum.
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Based on industry, construction had the largest share in the market. This can be credited to the growing demand for these adhesives for several tasks like coatings, waterproofing, and mortar adjustments.
Furthermore, the construction of affordable housing and smart cities are projected to surge the requirement for PVA-emulsion tapes in the construction sector.
The constructure industry is projected to be fastest growing category for acrylic polymer emulsion tapes in the coming years. This has a lot to do with the increase in consumption of APE-adhesive on the basis of their non-flammable property, and brilliant performance.
APAC had the largest market share in the past. Due to the developing healthcare, automotive, electrical and electronics industry, and increasing purchasing power APAC will lead the market in coming years.
According to the data from National Institution for Transforming India, the healthcare sector will reach over $372 billion in coming years. Tapes in the healthcare sector are used as waterproof tapes and surgical tapes for covering injuries. These tapes come with antigenic properties, and hold the skin, bandage or dressing material tightly. Thus, the rising demand for these tapes from healthcare sector will propel the industry in the future.
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Wide range of tapes are available for automotive industry, such as protection tapes, double-sided tapes, and foam tapes. All these tapes are easy to apply and remove. According to the data form the International Organization of Motor Vehicle Manufacturers, automobile sales were over 77.6 million units, and it will increase even more in the future.
Ongoing development in automotive sector and introduction of new automobiles is also contributing toward the growth of water-based-adhesive specialty tapes market around the world.
Recently, major players in the industry are involved in product introduction for consolidating their position in-front of their competitors.
It is because of the developments in automotive technology and expanding healthcare, electrical and electronics industry, the demand for tapes will further increase in the future.
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Adhesive Tapes Market Report - https://www.psmarketresearch.com/press-release/adhesive-tapes-market
Structural Adhesives Market Report - https://www.psmarketresearch.com/press-release/structural-adhesives-market
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