The global Adhesive Tapesmarket was valued at USD 47.30billion in 2016 and is projected to reach USD 74.65billionby 2025, growing at a CAGR of 5.20% from 2017 to 2025.
Adhesive tapes demand is increasing rapidly owing to new product innovation in many industries. Healthcare is the major consumer of adhesive tapes globally owing to increasing demand for medical devices. Asia Pacific industrial growth is expected to be a major booster for market growth globally.
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1. Market Drivers
1.1 Growing demand in Asia Pacific
1.2 Technological advancements in adhesive technology
2. Market Restraints
2.1 Raw material price volatility
2.2 Stringent regulations regarding approval
The global Adhesive Tapesmarket is segmented on the coating technology, function, backing material, application, and region.
1. By Coating Technology:
1.1 Solvent Based
1.2 Dispersion Based
1.3 Hot melt Based
2. By Function:
2.1 Water activated
2.2 Pressure Sensitive
2.4 Dry sensitive
3. By Tape Backing Material:
3.1 Paper Backed
3.2 Polypropylene Backed
3.3 Polyvinyl Chloride Backed
4. By Tape Backing Material:
4.2.3 Electronics and Electrics
4.2.4 White Goods
4.2.5 Printing and Paper
4.2.6 Building and Construction
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
2. Lohmann GmbH & Co. Kg
3. Nitto Denko
4. Scapa Group PLC
5. Tesa SE
6. Shurtape Technologies LLC
7. Avery Dennison Corporation
8. Lintec Corporation
9. Intertape Polymer Group Inc.
10. Henkel AG
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These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Adhesive Tapes Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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