Press release
Adhesive Tapes Market Explores Trends, Scope, and Growth Opportunities || Compagnie de Saint-Gobain S.A., 3M Company, Henkel AG, Berry Global Inc., DuPont de Nemours Inc., OJI Holdings Corporation
Adhesive Tapes Market
The Business Research Company offers in-depth market insights through Adhesive Tapes Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The adhesive tapes market size has grown strongly in recent years. It will grow from $70.71 billion in 2023 to $76.29 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to industrial growth, packaging industry boom, automotive manufacturing, electronics and electrical industry, increased medical and healthcare applications.
The adhesive tapes market size is expected to see strong growth in the next few years. It will grow to $103.34 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to repair and maintenance needs, increasing use in automotive manufacturing, infrastructure rehabilitation, rapid urbanization, electrification in vehicles. Major trends in the forecast period include advancements in tape technology, flexible packaging, customization and personalization, automotive lightweighting, green and sustainable solutions.
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Market Segmentation:
The adhesive tapes market covered in this report is segmented -
1) By Resin Type: Acrylic, Rubber, Silicone, Other Resin Types
2) By Material Type: Polypropylene (PP), Paper, Polyvinyl Chloride (PVC), Other Material Types
3) By Technology Type: Solvent-Based, Hot-Melt Based, Water-Based
4) By End Use: Packaging, Consumer and Office, Healthcare, Automotive, Electrical and Electronics, Building and Construction, Other End Uses
Major Driver - Automotive Industry Growth Fuels Demand Surge For Adhesive Tapes Market
The growth of the automotive industry and the rapid rise in demand for adhesive tapes from the automotive sector worldwide are expected to propel the adhesive tapes market during 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 passenger car market is expected to increase from $1321.7 billion in 2020 to $1988.7 billion by 2025. Due to an increased affinity for lightweight, metal fasteners are increasingly being replaced in cars with adhesive tapes, thus, the increased production of automobiles will lead to a rise in the demand for adhesive tapes and boost their sales.
Competitive Landscape:
Major companies operating in the adhesive tapes market report are Compagnie de Saint-Gobain S.A., 3M Company, Henkel AG, Berry Global Inc., DuPont de Nemours Inc., OJI Holdings Corporation, Sekisui Chemical Co. Ltd., Sika AG, Avery Dennison Corporation, Nitto Denko Corporation, RPM International Inc., H.B. Fuller Company, Schweitzer-Mauduit International Inc., Tesa SE, Lohmann GmbH & Co., Intertape Polymer Group Inc., American Biltrite Inc., INDUSTRIAS TUK S.A. DE C.V., Dewal Industries Inc., CMS Group of Companies, Nichiban Co. Ltd., JDC Solutions Inc., Lintec Corporation, Scapa Group plc, Shurtape Technologies LLC, Advance Tapes International Ltd., Canadian Technical Tape Ltd., ORAFOL Europe GmbH, Pioneer Tapes, Bemis Company Inc., 3F GmbH, Symbio Inc.
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Top Trend - Advancements In The Adhesive Tapes Market With Reinforcing Tape Technology
Major companies operating in the adhesive tapes market are focusing on developing advanced adhesive tape such as reinforcing tape to provide reliable services to customers. A reinforcing tape describes a fabric that has one side coated in a sticky, waterproof adhesive that adheres to the substrate immediately upon application. For instance, in November 2023, tesa tape Asia Pacific Pte Ltd, a Germany-based manufacturer of innovative adhesive tapes and self-adhesive product solutions, launched the new Tesa 51345, a paper-based reinforcing tape that can be used to reinforce packaging or cartons in sensitive areas such as side holes, flaps, or carrying handles. It can be applied during the corrugated cardboard manufacturing process or the subsequent processing of cartons and packaging using standard applicator systems.
The Table Of Content For The Market Report 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
…..
27. Adhesive Tapes Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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