Adhesive Tapes Market To Reach USD 77.62 Billion In 2027| CAGR 4.3% - Forencis Research

Adhesive Tapes Market Size, Share, Trends, Growth, Analysis, Research

Global Adhesive Tapes Market: Key Highlights

  • According to the new market research report Adhesive Tapes Market by Type (Pressure-sensitive Adhesives (PSAs), Heat Activated Tape, Water Activated Tape, and Self-adhesive Tapes) by Resin (Rubber, Acyclic, Silicone, Urethane, and Others) by Application (Electrical, Construction, Medical, Automotive, and Others) by Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast From 2020 To 2025, the global adhesive tapes market is estimated to reach USD 77.62 Billion in 2027 at a CAGR of 4.3% during forecast period 2020-2027.
  • Soaring demand for the adhesive from the packaging sector coupled with the growing automotive and construction sector globally is projected to drive the market growth during the forecast period.
  • However, the regulation imposed by the regulatory authorities for the adhesive chemicals is expected to restrain the market during the forecast period.

Global Adhesive Tapes Market: Key Market Dynamics

  • Growing demand for packaging sector owing to betterment in shipping methods, coupled with robust growing e-commerce sector globally is acting as a prominent factor driving the market growth 
  • Upward scaling automotive sector along with construction industry owing to the rise in global population, higher spending for the betterment of living standard, increase in per capita income is pushing the growth of this market
  • Regulation imposed by the countries on the chemicals such as toluene, formaldehyde, etc. is hampering the market growth
  • The emergence of new recyclable adhesive tapes is likely to open new avenues for market growth in the upcoming years
  • Fluctuating Supply of Raw Materials is acting as a key challenge for the market growth

Global Adhesive Tapes Market: Regional Overview

  • Asia-Pacific

The Asia-Pacific has emerged as one of the promising regions for the growth of the adhesive tapes market. The growth of this region can be attributed to the growing adoption of adhesives and sealants. Shifting trends towards manufacturing in the developing nations of the region such as Indonesia, Taiwan, and the Philippines is anticipated to push the market growth in the forecast period. Increasing penetration of the internet leading to growth in e-commerce in the region is boosting the packaging sector. This, further fuels the demand for adhesive tapes in the Asia Pacific. 

  • North America

In North America, the adhesive tape market is projected to witness growth owing to higher demand from end-use industries. Growth in the construction sector in the United States, is one of the factor pushing the market growth higher. Continued expansion of the high tech building and residential infrastructure in the United States, is projected to boost the construction sector, which in turn, escalates the demand for adhesive tapes.

Global Adhesive Tapes Market: Key Players Overview

  • 3M:

3M is the US based company, formerly known as Minnesota Mining and Manufacturing Company. The company offers a range of products such as abrasives, adhesive tapes, advanced materials, wire & cable, chemicals, films, home care and cleaning products and a range of equipment designed to cater varied industrial domain. In adhesive tapes, the company offers a product portfolio encompasses of fire retardant tape, electrical tape, electrical semi conducting tape, mastic tape and many more. The company expanded its product range of adhesive tapes in June 2018 through launch of new 3M Single Coated Medical Extended Wear Adhesive Nonwoven Tape on Liner. The newly introduced adhesive tape is a pressure sensitive tape that provides superior conformability and breathability.

  • tesa SE

tesa SE is the German company that operates through manufacturing self-adhesive products and system solutions. The company manufacturers the adhesive products, which are widely used in the automotive, electronics, medical, paper, marine, energy and various other end-use industries.

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Rep Id : CM 041

Published : 2020-02-05

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