Global Adhesive Tapes Market: Snapshot
The global adhesive tapes market is expected to grow at a progressive rate in the next few years. The rising awareness among manufacturers regarding the convenience of adhesive tapes is estimated to supplement the growth of the global adhesive tapes market in the coming years. According to the research report, in 2015, the global market for adhesive tapes was worth US$51.54 bn and by the end of 2024, the market is predicted to reach a value of US$92.36 bn. This market is estimated to exhibit a healthy 6.80% CAGR between 2016 and 2024.
The global market for adhesive tapes has been categorized on the basis of end use into consumer goods, building and construction, graphics, automotive, health care, and others. Some of the key materials used for manufacturing adhesive tapes are paper, polypropylene, polyvinyl chloride, and others. The rising research and development activities are encouraging the expansion of the application base, which is likely to result in a high demand for adhesive tapes across the globe. Furthermore, the rise in the demand for eco-friendly tapes is anticipated to propel global market in the coming years.
Developing Packaging and Automotive Sectors to Bolster Adhesive Tapes Market
The increasing number of technological advancements in the automotive industry is one of the key factors anticipated to encourage the growth of the global adhesive tapes market in the coming years. The growing popularity of light-weight vehicles and the use of bolts, rivets, screws, and other traditional fastening techniques and devices are being substituted by stronger adhesive tapes. This is projected to accelerate the growth of the overall market in the next few years. In addition, the rising demand for adhesive tapes for electronic device miniaturization is likely to fuel the market’s growth in the near future.
On the flip side, stringent rules and regulations concerning the use and emissions of several chemicals are anticipated to hamper the growth of the global adhesive tapes market in the forecast period. Nonetheless, the development of the packaging industry is anticipated to create promising opportunities for key players operating in the global adhesive tapes market in the next few years. Moreover, the rising number of applications is expected to contribute towards the development of the market across the globe.
Booming Manufacturing Sector to Propel Adhesive Tapes Market in Asia Pacific
The Asia Pacific market for adhesive tapes is anticipated to witness a promising growth throughout the forecast period. The robust growth of this region can be attributed to the developing manufacturing infrastructure, easy availability of raw materials, and technological developments. In addition, a substantial contribution from India and China is predicted to encourage the growth of the overall market in the next few years. According to the research study, this region is projected to remain in the leading position in the next few years, and register a healthy growth rate.
Furthermore, Latin America and North America are projected to grow significantly in the coming years. The rapid development of the automotive sector and the increasing demand for adhesive tapes from diverse manufacturing industries are expected to encourage the growth of the adhesive tapes market in these two regions. Europe, on the other hand, is estimated to exhibit a high growth rate in the coming few years. Poland, Germany, Italy, and Czech Republic are likely to supplement the growth of the market in the forecast period.
Some of the prominent players operating in the adhesive tapes market across the globe are Lohmann GmbH & Co.KG., NICHIBAN CO., LTD., CCT Tapes, Advance Tapes International, H.B.Fuller, Kruse Adhesive Tape, Scapa Group PLC, Surface Shields, K.L. & Ling, Vibac Group S.p.a., tesa SE, Saint-Gobain, Nitto Denko Corporation, 3M, and CMS Group of Companies.
Global Adhesive Tapes Market: Overview
This report analyzes and forecasts the market for Adhesive Tapes at the global and regional level. The market has been forecast based on revenue (US$ Mn) & Volume (Million Square Meter) from 2016 to 2024. The study includes drivers and restraints of the global Adhesive Tapes market. It also covers the impact of these drivers and restraints on demand for Adhesive Tapes during the forecast period. The report also highlights opportunities in the Adhesive Tapes market at the global and regional level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global Adhesive Tapes market. Porter’s Five Forces model for the Adhesive Tapes market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
Global Adhesive Tapes Market: Regional and Competitive Landscape
The study provides a decisive view of the global Adhesive Tapes market by segmenting it in terms product and end use. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for Adhesive Tapes in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual end-user segments in all the regions.
The study includes profiles of major companies operating in the global Adhesive Tapes market. Key players profiled in the report include Adhesive Tapes market include 3M, Nitto Denko Corporation, Kruse Adhesive Tape, Saint-Gobain, Surface Shields, CCT Tapes, tesa SE, Scapa Group plc., Advance Tapes International, Vibac Group S.p.a., H.B.Fuller, CMS Group of Companies, Lohmann GmbH & Co.KG., K.L. & Ling, NICHIBAN CO., LTD. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, recent developments, and SWOT analysis.
Global Adhesive Tapes Market: Scope of the Study
The report provides the estimated market size of Adhesive Tapes for 2015 and forecast for the next nine years. The global market size of Adhesive Tapes has been provided in terms of revenue. Market numbers have been estimated based on product and end use segment of Adhesive Tapes. Market size and forecast for each major product and end use have been provided in terms of global and regional markets.
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, Omnexus4adhesives,PCI, ICIS, Adhesives magazine, Fecia, Coatings world magazine, BASA online
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
The report segments the global Adhesive Tapes market as:
Adhesive Tapes Market: Product Analysis
- Single Coated
- Double Coated
- Transfer Tape
- Foam Tape
Adhesive Tapes Market: Composition Analysis
Adhesive Tapes Market: Backing Material Analysis
- Polyvinyl Chloride
Adhesive Tapes Market: End use Analysis
- Health Care
- Building & Construction
- Consumer Goods
Adhesive Tapes Market: Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA