Press release
Adhesive Tapes Market Size Forecasted To Achieve $113.39 Billion By 2029 With Steady Growth
Adhesive Tapes
What Is the Adhesive Tapes Market Size and Projected Growth Rate?
In the past few years, there has been a significant increase in the market size of adhesive tapes. The market, valued at $75.8 billion in 2024, is projected to reach $81.54 billion in 2025, with a compound annual growth rate (CAGR) of 7.6%. The expansion during the historical period can be credited to a surge in industrial development, a boost in the packaging industry, growth in automotive manufacturing, the augmentation of the electronics and electrical sectors, as well as the heightened use in medical and healthcare fields.
The market for adhesive tapes is predicted to witness robust expansion in the coming years. Its value is anticipated to surge to $113.39 billion by 2029, with a compound annual growth rate (CAGR) of 8.6%. The projected growth is credited to factors such as repair and maintenance requirements, heightened usage in automobile production, infrastructure restoration, swift urbanization, and vehicle electrification. Key trends during this period are expected to be advancements in tape technology, flexible packaging, customization and personalization, the trend towards lighter automotive components, and green and sustainable solutions.
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What Are the Major Segments in the Adhesive Tapes Market?
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
Subsegments:
1) By Acrylic: Water-Based Acrylic, Solvent-Based Acrylic
2) By Rubber: Natural Rubber, Synthetic Rubber
3) By Silicone: High-Temperature Silicone, Pressure-Sensitive Silicone
4) By Other Resin Types: Polyethylene (PE), Ethylene Vinyl Acetate (EVA), Polypropylene (PP)
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What Are The Driving Adhesive Tapes Market Evolution?
The anticipated progress in the automotive sector and the soaring need for adhesive tapes in the global automotive market are projected to fuel the growth of the adhesive tapes market in the coming years. Their lightweight, small scale, and sleek design makes adhesive tapes perfect for integrating into vehicle interiors for the attachment of electronic devices, parking sensor retainers, door paneling, spoiler, and seals among other components. For instance, MarkLines Co. Ltd., a U.S. company providing online information services for the automotive industry, reported that in January 2024, there was a 13.4% increase in the full-year truck and SUV sales from the previous year, hitting 12,380,961 units. Meanwhile, passenger car sales experienced an 8.1% rise, amounting to 3,227,425 units. The growing preference for lighter vehicles is leading to the replacement of metal fasteners with adhesive tapes. As a result, the growing automobile production is likely to increase the demand for adhesive tapes, thus driving their sales upwards.
Which Firms Dominate The Adhesive Tapes Market Segments?
Major companies operating in the adhesive tapes market include 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.
What Trends Are Expected to Dominate the Adhesive Tapes Market in the Next 5 Years?
Leading businesses in the adhesive tapes market are shifting their focus towards the launch of novel products like recycled tapes, in response to the growing demand for sustainable and eco-friendly options. Recycled tapes are adhesive tapes made from repurposed materials, which are often derived from post-consumer or post-industrial waste. This minimizes environmental harm by reducing the usage of resources and waste generation. An example of this is Shurtape Technologies LLC, a manufacturing firm based in the US, which in August 2024, unveiled the Shurtape Recycled Series Packaging Tapes. This series of recycled tapes are manufactured from PCR polyester, and the new range includes three packaging tapes composed of 90 percent post consumer recycled (PCR) polyester, sourced from PET bottles and rigid containers. This inventive method not only cuts down on plastic waste, but it also aids companies in achieving their sustainability objectives without compromising on high performance.
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Which Is The Largest Region In The Adhesive Tapes Market?
Asia-Pacific was the largest region in the adhesive tapes market in 2024. The Asia-Pacific region is predicted to record fastest growth in the adhesive tapes market during the forecast period. The regions covered in the adhesive tapes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Adhesive Tapes Market?
2. What is the CAGR expected in the Adhesive Tapes Market?
3. What Are the Key Innovations Transforming the Adhesive Tapes Industry?
4. Which Region Is Leading the Adhesive Tapes Market?
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