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Adhesive Tapes Market Trends, Top Companies, Share, Growth And Forecast 2032
Adhesive Tapes Market
The Business Research Company's Adhesive Tapes Global Market Report 2023 identifies rise in demand for adhesive tapes as the major driver for the adhesive tapes market's growth in the forecast period. Adhesive tapes are lightweight, compact, and smooth, making them ideal for use in car interiors for bonding of electronic products, parking sensor retainers, door cladding, spoiler and seals among others.
The global adhesive tapes market size grew from $65.68 billion in 2022 to $70.58 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The adhesive tapes market size is expected to grow to $92.22 billion in 2027 at a CAGR of 6.9%.
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Major competitors in the adhesive tapes market are 3M, Nitto Denko Corporation, Tesa SE, Lintec Corporation, Avery Dennison Corporation, Intertape Polymer Group Inc., Henkel AG, Lohmann GmbH & Co., Scapa Group PLC, DuPont de Nemours Inc., H.B. Fuller Company, Shurtape Technologies LLC, Nichiban Co. Ltd., Advance Tapes International Ltd.
A key trend in the adhesive tapes market includes launch of eco-friendly tapes. Increased demand for recyclable tapes has been driven by federal policies as well as a change in end-user emphasis toward environmentally sustainable goods. Many companies are shifting from plastic to bio-degradable materials like paper and cellulose for manufacturing tapes. In January 2020, Monta, a German-based manufacturer of self-adhesive tapes for packaging and consumer use, has introduced Monta Biopack, a modern self-adhesive tape. Monta Biopack is made up of about 90% renewable materials. This environmentally friendly adhesive tape biodegrades in a matter of months, closing the natural recycle circle. In another instance, in January 2021, Italy based IRPLAST launched its ECO+ tape which is made of 34% post-industrial recycled IRPLAST BOPP film. The cores are made from recycled cardboard and the tape reduces emissions with no loss in adhesion quality.
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The adhesive tapes market is segmented -
• By Resin Type: Acrylic, Rubber, Silicone, Other Resin Types
• By Material Type: Polypropylene (PP), Paper, Polyvinyl Chloride (PVC), Other Material Types
• By Technology Type: Solvent-Based, Hot-Melt Based, Water-Based
• By End Use: Packaging, Consumer and Office, Healthcare, Automotive, Electrical and Electronics, Building and Construction, Other End Uses
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the adhesive tapes market.
The Business Research Company's "Global Adhesive Tapes Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Adhesive Tapes Market Include:
1. Executive Summary
2. Adhesive Tapes Market Characteristics
3. Adhesive Tapes Market Trends And Strategies
4. Adhesive Tapes Market - Macro Economic Scenario
5. Adhesive Tapes Market Size And Growth
……
26. Africa Adhesive Tapes Market
27. Adhesive Tapes Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Adhesive Tapes Market
29. Adhesive Tapes Market Future Outlook and Potential Analysis
30. Appendix
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