Press release
Adhesive Tapes Industry Set to Achieve $110.31 Billion Milestone by 2029 | Steady 8.1% CAGR
Adhesive Tapes Market Size
What Is the Long-Term Growth Forecast for the Adhesive Tapes Market Size 2025?
The market for adhesive tapes has seen solid expansion in the past years. The growth can be projected from $75.8 billion in 2024 and expected to reach $80.73 billion in 2025, experiencing a compound annual growth rate (CAGR) of 6.5%. The surge during the historical period can be linked to factors such as the growth of industries, the rise in the packaging sector, developments in automotive manufacturing, the electrical and electronics industry, and the augmented use in medical and healthcare applications.
What CAGR is Forecasted for the Adhesive Tapes Market Through 2029?
It is anticipated that the adhesive tapes market will experience significant expansion in the upcoming years, with predictions suggesting it will reach a size of $110.31 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.1%. Several factors contribute to this predicted growth during the forecast period, such as the demand for repair and maintenance, its growing usage in the automotive manufacturing industry, infrastructure overhaul, swift urbanization, and the increasing electrification of automobiles. The forecast period is also expected to see key trends such as advancements in adhesive tape technology, the rise of flexible packaging, increased customization and personalization, the move towards lighter automotive parts, and the focus on green and sustainable solutions.
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What Are the Critical Factors Driving Adhesive Tapes Market Development?
Rapidly growing automotive industry worldwide coupled with rising demand for adhesive tapes in this sector are anticipated to fuel the adhesive tapes market in the upcoming years. Adhesive tapes, due to their lightweight, compactness, and smooth texture, are extensively used for bonding electronic components, maintaining parking sensor retainers, door cladding, and sealing purposes, among others, in vehicle interiors. For example, MarkLines Co. Ltd., a US-based automotive industry information services provider, reported in January 2024 that truck and SUV sales in 2023 witnessed a 13.4% growth from the previous year, touching 12,380,961 units, and passenger car sales rose by 8.1%, amounting to 3,227,425 units. Due to the growing preference for lighter vehicles, there's a shift from metal fasteners to adhesive tapes. Consequently, the escalating automobile production is likely to augment the demand for adhesive tapes, giving their sales a significant boost.
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How Does the Adhesive Tapes Market Break Down Across Major Segments?
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)
What Are the Major Trends Transforming the Adhesive Tapes Industry?
Leading firms in the adhesive tapes market are prioritizing the launch of unique products like recycled tapes to cater to the growing need for sustainable and environmentally friendly solutions. Recycled tapes are adhesive tapes produced from recycled materials typically derived from post-consumer or post-industrial waste. This practice helps to lessen the environmental footprint by lowering resource usage and waste. For example, Shurtape Technologies LLC, a manufacturing entity based in the US, debuted Shurtape Recycled Series Packaging Tapes in August 2024. The series, made from PCR polyester, includes three types of packaging tapes, each comprised of 90 percent postconsumer recycled polyester derived from polyethylene terephthalate bottles and rigid containers. This pioneering method not only curtails plastic waste, but also aids companies in achieving their sustainability objectives without compromising on high-performance standards.
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Which Players Are Driving Innovation in the Adhesive Tapes Market?
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.
Which Regions Are Driving Global Adhesive Tapes Market Expansion?
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.
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Europe +44 7882 955267
Email: saumyas@tbrc.info
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