CHICAGO, June 26, 2024 /PRNewswire/ -- The report
"Adhesive Tapes Market by Resin Type
(Acrylic, Rubber, Silicone), Technology (Solvent, Hot-Melt,
Water-Based), Backing Material (PP, Paper, PVC), End-use Industry
(Packaging, Healthcare, Electric & Electronics, Automotive)
Region - Global Forecast to 2029", is projected to reach a
market size of USD 107.1 billion by
2029 from USD 85.1 billion in 2024,
at a CAGR of 4.7%. Asia pacific is
the one of the largest markets for adhesive tapes. The demand for
adhesive tapes is experiencing significant growth across various
industries, including automotive, packaging, construction,
electronics, healthcare, and more. Emerging nations such as
China, India, Brazil, and Mexico are expected to play a crucial role in
driving the global adhesive tapes market forward.
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Silicone by resin type segment is expected to register the
highest CAGR of the adhesive tapes market during the forecasted
period.
Silicone adhesive tapes is gaining popularity due to its
exceptional properties and diverse applications across various
industries. Silicone adhesive tapes offer unique benefits such as
high temperature resistance, excellent electrical insulation, UV
stability, and chemical inertness, making them ideal for demanding
environments and specialized applications. Industries such as
automotive, electronics, aerospace, and healthcare are increasingly
adopting silicone adhesive tapes for applications such as bonding,
sealing, gasketing, and insulation. Additionally, the growing
emphasis on sustainable and eco-friendly solutions is driving the
demand for silicone adhesive tapes, as they are often formulated
with low-VOC (volatile organic compound) materials. With ongoing
technological advancements and innovations in silicone adhesive
tape formulations, coupled with expanding applications in emerging
industries, the segment is expected to experience robust growth in
the forecast period.
Polypropylene, by backing material segment, holds the largest
share in the overall adhesive tapes market during the
forecast period in terms of volume.
Polypropylene offers a unique combination of properties such as
high tensile strength, flexibility, and chemical resistance, making
it suitable for a wide range of applications across various
industries. In the packaging sector, polypropylene tapes are
extensively used for carton sealing, bundling, and palletizing due
to their strong adhesion and durability. Additionally, in
industries like automotive and construction, polypropylene tapes
find applications in masking, surface protection, and splicing,
thanks to their ability to withstand harsh environmental conditions
and temperature fluctuations. Moreover, the cost-effectiveness of
polypropylene as a backing material compared to alternatives like
PVC and paper further contributes to its widespread adoption. With
the growing demand for efficient and reliable bonding solutions
across different sectors, the dominance of polypropylene as a
backing material in the adhesive tapes market is expected to
continue in the foreseeable future.
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Asia Pacific region is
likely to be the fastest growing adhesive tapes market during the
forecast period.
Rapid industrialization and urbanization in the Asia Pacific region are driving demand across
various sectors including automotive, packaging, electronics,
construction, and healthcare. With expanding manufacturing
activities in countries like China, India,
Japan, and South Korea, there's a rising need for
adhesive tapes for assembly, bonding, sealing, and packaging
applications. Additionally, the flourishing e-commerce industry is
significantly increasing the demand for adhesive tapes for secure
and efficient packaging during shipping and handling, driven by
growing consumer preference for online shopping and the surge in
logistics and delivery services. Moreover, ongoing infrastructural
development projects, particularly in China and India, are boosting demand in the construction
sector for applications like bonding, sealing, insulation, and
surface protection. Advancements in adhesive tape technologies
tailored to diverse industry needs are poised to further stimulate
market growth in the region.
Key Players
3M Company (US), Avery Dennison Corporation (US), Intertape
Polymer Group, Inc. (US), Nitto Denko Corporation
(Japan), SCAPA Group PLC (UK),
Berry Global Inc. (US), Tesa SE
(Germany), Lohmann GMBH
& Co. KG (Germany)
Saint-Gobain Performance Plastics (France), and Lintec Corporation (Japan) are the key players in the global
adhesive tapes market.
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