Press release
Booming Adhesive Tapes Market: Predicted to Hit $113.39 Billion by 2029, Propelled by Industrial Growth and Technological Advancements
Adhesive Tapes Market
What Is The Projected Market Size Of The Global Adhesive Tapes Market And Its Growth Rate?
•The adhesive tapes market has seen strong growth recently, escalating from $75.8 billion in 2024 to $81.54 billion in 2025 with a CAGR of 7.6%.
•The market's growth is credited to various sectors including industrial expansion, a flourishing packaging industry, automotive manufacturing, and the electronics and electrical industry.
•Looking ahead, the adhesive tapes market is expected to continue its strong growth trajectory, swelling to $113.39 billion in 2029 with a CAGR of 8.6%.
•Future growth will be facilitated by increased repair and maintenance needs, greater automotive manufacturing, infrastructure rehabilitation, rapid urbanization, and electrification in vehicles.
What Is Driving The Growth In The Adhesive Tapes Market?
The robust growth of the automotive industry and a swift increase in demand for adhesive tapes from the global automotive sector are anticipated to fuel the market growth. Adhesive tapes, due to their lightweight, compact, and smooth features, are perfectly suited for car interiors, bonding electronic products, parking sensors, door cladding, spoilers, and seals among other parts. For instance, according to data from MarkLines Co. Ltd., a U.S.-based automotive industry information service, the sales for trucks and SUVs saw a 13.4% increase, reaching 12,380,961 units in 2023, while passenger car sales enjoyed an 8.1% rise, totaling 3,227,425 units. This trend towards light-weight, energy-efficient vehicles has led to the replacement of metal fasteners with adhesive tapes, ultimately increasing the demand for adhesive tapes and boosting their sales.
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Who Are the Key Players Driving Adhesive Tapes Market Growth?
- 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
What Are The Key Trends In The Adhesive Tapes Market?
•Advancements in tape technology
•Flexible packaging
•Customization and personalization
•Automotive lightweighting
•Green and sustainable solutions
What Are The Segments Of The Global Adhesive Tapes Market?
- 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
Which Region Leads The Adhesive Tapes Market?
Asia-Pacific was the largest market for adhesive tapes in 2024. The region is expected to exhibit the fastest growth rate, attributed to the boom in various sectors that utilize adhesive tapes. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Adhesive Tapes Market Global Market Report?
- Market Size Analysis: Analyze the Adhesive Tapes Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Adhesive Tapes Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Adhesive Tapes Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Adhesive Tapes Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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