Adhesive Tapes Market (Products - Single Coated, Double Coated, Transfer Tape, and Foam Tape; Composition - Acrylic, Rubber, and Silicone; Backing Materials - Polypropylene, Paper, and Polyvinyl Chloride; End Users - Health Care, Building & Construction, Consumer Goods, Automotive, and Graphics) - Global Industry Analysis, Share, Growth, Regional Outlook And Forecasts, 2021-2027
The global Adhesive Tapes market gathered revenue around USD 63.9 Billion in 2020 and market is set to grow USD 111.9 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 6.16% during the prediction period 2021 to 2027.
The global adhesive tapes market is anticipated to grow at a steady pace in the years ahead, thanks to increased knowledge amongst competitors about the benefits of adhesive tapes. As a result of many research and development initiatives, the application of these tapes has grown in popularity, and the market appears to be expanding at a rapid pace. The new trend of using adhesives instead of rivets, screws, and other fastening or attaching methods has been propelling the global adhesive tapes market forward. Furthermore, there is a growing need for lightweight cars, which is again fueling the demand for adhesive tapes. In addition, the fact that adhesives are environmentally benign and do not affect the environment contributes to the growth of the adhesive tapes industry worldwide.
CMS Group of Companies, Lohmann GmbH & Co.KG., Advance Tapes International, Surface Shields, and NICHIBAN Co., Ltd. are some of the companies in the global adhesive tapes market.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Adhesive Tapes market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Adhesive Tapes market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
|Market Size||USD 111.9 Billion by 2027|
|Growth Rate||CAGR of 6.10% From 2021 to 2027|
|Forecast Period||2021 to 2027|
|Historic Data||2017 to 2020|
|Report coverage||Growth Factors, Revenue Status, Competitive Landscape, and Future Trends|
|Segments Covered||Product, Composition, Backing Materials, End Users and Region
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)|
|Companies Mentioned||Advance Tapes International, NICHIBAN CO., LTD, CMS Group of Companies, Lohmann GmbH & Co.KG., Surface Shields. 3M Company, tesa SE, Nitto Denko Corporation, Lintec Corporation, Intertape Polymer Group, Avery Dennison Corporation, Lohmann GmbH, Berry Global Inc., Scapa Group PLC, and Rogers Corporation|
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Adhesive Tapes market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Extensive Use in the Automobile Industry to Shoot Up Demand in the Market
Instead of utilizing welding, screws, and nails, adhesive tape is a mix of an adhesive film and a material that is utilized to join or attach items together. Adhesive tapes allow it to be used at ambient temperature whilst also protecting the surface area.
With rising state as well as state demands for reduced carbon emissions, improved performance, passenger safety, weight reduction, and greater passenger comfort has become a crucial component in design of vehicles. The demand for more efficient and lighter designs necessitates the development of more efficient and smaller power systems. UV radiation, temperature variations, salt spray, and moisture are all things that automotive adhesive tapes are intended to endure. Due to the improved features of adhesive tapes, such as vibration absorption and acoustic insulating qualities, there has been a considerable reduction in the quantity of noise within the car. PSA (pressure sensitive adhesive) tapes are commonly employed to bind the exterior vehicle skin to the structural support in transportation systems and specialized vehicles. As a result, the global adhesive tapes market is anticipated to grow significantly throughout the forecast period, owing to the rapid growth in demand from the automotive industry around the world.
Global Adhesive Tapes Market: Segmental analysis:
The electronics industry employs pressure sensitive tapes and adhesives to install parts directly in devices. The trend toward miniaturization of electronic devices, especially cell phones, portable personal computers, and tablets, is a major factor driving the adhesive tapes market globally.
Increase in disposable income, changes in lifestyles of the people, and rise in dependence on the usage of electronic devices are boosting the sales of electronic devices in Asian countries.
Adhesive tapes are extensively employed in various automotive applications such as wire harnessing, electric insulation, automotive body repairs, masking, and surface protection. Increase in usage of adhesive tapes in automotive interior parts to provide better resistance and excellent adhesion ability is likely to propel the adhesive tapes market during the forecast period.
Demand for adhesive tapes has been rising in the packaging end-user industry, due to its wide range of applications including carton sealing, bundling, unitizing, pelletizing, and general packaging.
Double-coated tapes are anticipated to replace traditional sealing and adhesion techniques, due to their rise in consumption owing to their durability, good surface adhesion, and high shear strength. Strong production base; rapid growth of the automotive sector; and replacement of traditional fasteners, screws, bolts, and rivets with adhesive tapes are estimated to propel the adhesive tapes market across the globe.
Single-coated adhesive tapes dominated the global adhesive tapes market in 2020. Single-coated tapes consist of adhesive applied to one side of a backing. The adhesive could be composed of natural rubber, silicone, or acrylic, while the backing material could be polymeric film, paper, foil, nonwoven, or high thread count woven cloth. These tapes, which include masking and medical tapes as well as electrical, carton sealing, and BOPP adhesives facilitate the bonding of a material with a surface as well as the linking of two adjacent or overlapping materials.
Driven by Increasing Demand for Adhesive Tapes in China, Asia Pacific to Register High Growth
In terms of region, the global adhesive tapes market is classified into the principal regions of Latin America, Middle East and Africa, Asia Pacific, Europe, and North America. It is anticipated that regional classifications would provide a better knowledge of the market dynamics at play at the regional level.
The global adhesive tapes market has long been led by Asia-Pacific, and this growth is projected to continue throughout the forecast period, from 2020 to 2027. Due to the massive manufacturing of health-care items and appliances, Japan is one of the most important regions in the global adhesive tapes market.
The expanding packaging sector in nations such as India, Japan, and China are projected to boost the demand for adhesive tapes even further. The China state council recently unveiled the 'Made in China 2025', a 10-year manufacturing strategy, which concentrates on high equipment production in different categories such as appliances, automobiles, appliances, and so on. The demand for adhesive tapes in this country is projected to increase as a result of this. As a result of the aforementioned reasons, it is clear that the demand for adhesive tapes in the Asia-Pacific region will continue to rise in the years to come.
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
- Company Overview
- Company Market Share/Positioning Analysis
- Product Offerings
- Financial Performance
- Recent Initiatives
- Key Strategies Adopted by Players
- Vendor Landscape
- List of Suppliers
- List of Buyers
Some of the prominent players in the Adhesive Tapes Market include: Advance Tapes International, NICHIBAN CO., LTD, CMS Group of Companies, Lohmann GmbH & Co.KG., Surface Shields. 3M Company, tesa SE, Nitto Denko Corporation, Lintec Corporation, Intertape Polymer Group, Avery Dennison Corporation, Lohmann GmbH, Berry Global Inc., Scapa Group PLC, and Rogers Corporation
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2027 and covers subsequent region in its scope:
Adhesive tapes market is segmented :
- Single Coated
- Double Coated
- Transfer Tape
- Foam Tape
By Backing Materials
- Polyvinyl Chloride
By End Users
- Health Care
- Building and Construction
- Consumer Goods
- United Kingdom
- Rest of Europe
- Southeast Asia
- Rest of Asia Pacific
- Rest of Latin America
Middle East & Africa (MEA)
- North Africa
- South Africa
- Rest of Middle East & Africa
Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Adhesive Tapes market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Adhesive Tapes market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Adhesive Tapes markets more accurate and reliable.
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
- Governmental bodies, and organizations creating economic policies
- National and international social welfare institutions
- Company websites, financial reports and SEC filings, broker and investor reports
- Related patent and regulatory databases
- Statistical databases and market reports
- Corporate Presentations, news, press release, and specification sheet of Manufacturers
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
- Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
- In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.
Industry participants involved in this research study include:
- CEOs, VPs, market intelligence managers
- Procuring and national sales managers technical personnel, distributors and resellers
- Research analysts and key opinion leaders from various domains
Key Points Covered in Adhesive Tapes Market Study:
- Growth of Adhesive Tapes in 2021
- Market Estimates and Forecasts (2017-2027)
- Brand Share and Market Share Analysis
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Recommendation on Key Winning Strategies
- COVID-19 Impact on Demand for Adhesive Tapes and How to Navigate
- Key Product Innovations and Regulatory Climate
- Adhesive Tapes Consumption Analysis
- Adhesive Tapes Production Analysis
- Adhesive Tapes and Management