Press release
Adhesive Tapes Market Size, Scope Analysis, Key Insights, Leading Key Players, And Forecast To 2033
The new report published by The Business Research Company, titled ""Adhesive Tapes Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, 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 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%.
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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.
Innovations Addressing Environmental Concerns In The Adhesive Tapes Market
The launch of eco-friendly tapes is a key trend in the adhesive tapes market. Several countries around the world have banned the use of toxic materials used in the manufacture of adhesive goods. 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 such as paper and cellulose for manufacturing tapes. For 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.
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
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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.
Contents of the report:
1. Executive Summary
2. Adhesive Tapes Market Report Structure
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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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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