The adhesive tapes market is supposed to progress in a significant way over the outlook period. It is estimated that the market is about to reach USD 102 billion by 2028 from USD 76.4 billion in 2022, expanding at a CAGR of 8.9% during the predicted period of 2023-2028
Adhesive tapes are cited as the numerous combinations of backing materials that are coated with adhesives. Depending on the usage that is intended, various backing materials & adhesives are used.
These adhesive tapes are made for binding the materials together, which is why they are designed in such a way that each kind is specific to a particular material. Among these all tapes, some of the tapes are specially made for binding metals while others are designed for plastic materials. Moreover, some tapes are best for the clothing materials & packaging industry. Metals can get joined together in an easy way, lacking the fear of corrosion, with the usage of adhesive tapes. Whereas, these metals, such as steel and aluminum, are not easy to join together without the employment of these tapes. No deformity occurs in the metals that are bound with these adhesive tapes, which is one of the major benefits of using them. Consequently, metals' aesthetics are getting improved and the manufacturing costs are highly decreasing.
The rising demand for adhesive tapes in various industries, such as electrical & electronics, healthcare, and automotive industries, owing to the manufacturers are being focused on presenting innovative products with improved properties is the major driver for the growth of the Global Adhesive Tapes Market. Moreover, the demand for these tapes in the healthcare sector owing to the utilization of healthcare services, awareness about hygiene products, infrastructural advancements, and up-gradation of electronic equipment, is another factor that was pushing the growth of the target market during the forecast period.
However, the stringent regulations and norms owing to health concerns is the major challenge that is hampering the adhesive tapes market, all around the world.
Further, the introduction of recyclable tapes and the exceptional focus of manufacturers for manufacturing these tapes with the consideration of heat & weather resistance features are creating promising options for the growth of the target market in the foreseen years.
REPORT METRIC |
DETAILS |
Market Size Available |
2022-2028 |
Base Year |
2022 |
Forecast Period |
2023-2028 |
CAGR |
7.7% |
Segments Covered |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
|
Market Leaders Profiled |
3M Company, Nitto Denko Corporation, Tesa SE, Avery Dennison Corporation, Henkel AG, Intertape Polymer Group, Inc, Lintec Corporation, Shurtape Technologies, LLC, Scapa Group PLC, Lohmann GmbH & Co. Kg, Mactac, LLC, Adchem Corporation, Dermamed Coatings Company, LLC, Cct Tapes, Gergonne - the Adhesive Solution, Adhesives Research, Inc., Advance Tapes International, Ajit Industries |
Acrylic
Rubber
EVA
Butyl
Polypropylene (PP)
Paper
Polyvinyl Chloride (PVC)
Foam
Cloth
Metal
Polyamide (PA)
Polyethylene (PE).
Among all of these segments, the paper-backed adhesive tapes segment accounted for the major share of the market's revenue owing to their availability in various forms like kraft, crape, or any kind of recyclable paper adhesive coatings. These tapes are made of crape paper and rubber adhesive coatings that have a wide range of applications & colors and are also environment friendly.
Solvent-based
Hot-Melt Based
Commodity Adhesive Tapes
Specialty Adhesive Tapes
Poly dimethyl siloxane
Ethylene-vinyl acetate
Polyvinyl butyral
Electrical & Electronics
Healthcare
Automotive
White Goods
Paper & Printing
Building & Construction
Retail
Defense
Food & Beverage
Wind Energy
Solar Energy
Sports
Aerospace
Among all of these end-users, the healthcare segment accounted for the major share of the market and is also expected to continue its dominance over the forecast period. In this industry, these adhesive tapes are put-in into monitoring electrodes & other medical devices, surgical containers, and applications of wound care. The rise in innovations is boosting the global hygiene market products. In the healthcare industry, these tapes are employed to become component parts within the final consumer product, which is driven by the market demand for those products. Also, because of the penetration of the products in this sector in emerging economies is pushing the demand for adhesive tapes in the healthcare sector, coupled with the growth in disposable income.
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
In the regional analysis of the Global Adhesive Tapes Market, Asia-Pacific is the largest market in terms of revenue and is also expected to grow in the fastest way with the highest CAGR during the forecast period. There is strong growth for the target market in this region owing to ongoing R&D and advancements in healthcare, electrical & electronics, and automotive industries. In the Asia-Pacific region, China is the country that the market is to be the major contributor, majorly because of the high demand from heavy industries and consumer product manufacturing sectors. Further, the availability of low-cost labor to manufacture these tapes with adhesion properties coupled with the low prices of raw materials is leading to the increased production of low-priced adhesive tapes in this area, which led to the increasing contribution to the expansion of the adhesive tapes market in Asia-Pacific.
Lohmann Technologies Medical Division, a producer of adhesive tape systems and solutions for the industry, has introduced its latest surgical adhesive tapes at Med-Tech Innovation Expo in 2020.
Adchem Corp., a renowned manufacturing and engineering company that develops high-performance adhesive tapes, has been acquired by Berry Global, which was a Fortune 500 firm that was headquartered in Evansville, Indiana.
3M Company
Nitto Denko Corporation
Tesa SE
Avery Dennison Corporation
Henkel AG
Intertape Polymer Group, Inc
Lintec Corporation
Shurtape Technologies, LLC
Scapa Group PLC
Lohmann GmbH & Co. Kg
Mactac, LLC
Adchem Corporation
Dermamed Coatings Company, LLC
Cct Tapes
Adhesives Research, Inc
Advance Tapes International
Ajit Industries
Wuhan Huaxia Nanfeng Adhesive Tapes
American Biltrite Inc
Canadian Technical Tape Ltd
Berry Plastics Corporation
Dewal Industries Inc
Industrias Tuk, S.A. De C.V
Saint-Gobain Performance Plastics
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