Adhesive Tapes Market 2023 | Size to Hit US$ 89.6 Billion at a CAGR of 4.9% by 2028 | IMARC Group

According to the latest report by IMARC Group, titled "Adhesive Tapes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the global adhesive tapes market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global adhesive tapes market size reached US$ 66.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 89.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.

Adhesive tapes refer to strips of plastics or papers coated with sticky chemical and backing materials that are utilized to bond or assemble objects together permanently or temporarily. They are of several types, such as water-based, solvent-based, hot-melt-based, etc. These adhesive tapes are usually viscoelastic in nature and moisture sensitive. They are extremely non-messy and timesaving, provide adhesion to dissimilar materials without any incompatibility concerns, ensure structural strength, and are much more convenient as compared to their alternatives. Consequently, adhesive tapes find extensive applications in various sectors, including automotive, healthcare, retail, packaging, food and beverage (F&B), etc.

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Global Adhesive Tapes Market Trends:

The escalating demand from the automobile segment to replace mechanical fasteners, which include bolts and screws to lower the weight of the vehicles and facilitate improved fuel efficiency, is among the key factors driving the adhesive tapes market. In addition to this, the expanding healthcare industry and the increasing usage of the product for assembling of medical devices, wound care, attaching electrodes on the skin, fixing cover shields during surgeries, etc., are acting as significant growth-inducing factors. Furthermore, the introduction of skin-friendly product variants that are extensively used for the manufacturing of adult and infant diapers is also positively influencing the global market.

Apart from this, the shifting preferences toward eco-friendly water-based adhesives and the development of recyclable tapes made from biodegradable polymers are further stimulating the market growth. Moreover, the emerging trend of online shopping that is boosting the requirement for retail packaging and distribution materials is expected to catalyze the adhesive tapes market over the forecasted period.

Explore the Full Report with TOC & List of Figures: https://www.imarcgroup.com/adhesive-tapes-market

Competitive Landscape:

The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.

Some of these key players include:

• 3M Company
• Nitto Denko Corporation
• Tesa SE
• Lintec Corporation
• Avery Dennison Corporation
• Intertape Polymer Group, Inc.
• Shurtape Technologies, LLC.
• Scapa Group PLC
• Lohmann GmbH & Co. Kg
• Nichiban Co. Ltd.
• Sekisui Chemical Co., Ltd.

Key Market Segmentation:

Breakup by Material:

• Polypropylene
• Paper
• Polyvinyl Chloride
• Others

Breakup by Resin:

• Acrylic
• Rubber
• Silicone
• Others

Breakup by Technology:

• Water-Based
• Solvent-Based
• Hot-Melt-Based

Breakup by Application:

• Packaging Tapes
• Masking Tapes
• Specialized Tapes
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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This release was published on openPR.