Adhesive Tapes Market is likely to attain revenue of US$ 111 Billion by 2027
Adhesive Tapes Market is likely to attain revenue of US$ 111 Billion by 2027
Published by TMR Research Insights
Posted on August 24, 2021
Global Adhesive Tapes Market: Key Highlights
The global demand for adhesive tapes stood nearly US$ 62.5 Bn in 2018 and is projected to reach over US$ 111.6 Bn by 2027. Owing to the rise in awareness among competitors with regards to the benefit of adhesive tapes, the market for adhesive tapes is expected to increase at a progressive speed in the forthcoming years.
Various research and developmental activities have led to the growth of the application category and thus, the market seems to be growing at a remarkable speed. The new trend of substituting bolts, screws, rivets and other attaching or fastening techniques with adhesives has been leading to the progress of the adhesive market at a global rate. Besides, there is new demand for light weight vehicles and this is also adding fuel to the growth of the adhesive market.
The fact that adhesives are nature friendly and do not cause any harm to the environment acts as an advantage and thus, adds to the overall growth of the adhesive tapes market in all parts of the world.
Global Adhesive Tapes Market: Segmental Insights
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.
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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.
Request for Covid-19 Impact Analysis on Adhesive Tapes Market:
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.
Buy our Premium Research Report on Adhesive Tapes Market@
Single-coated adhesive tapes dominated the global adhesive tapes market in 2018. 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
More Trending Reports by Transparency Market Research –
Asia Pacific accounted for more than 45% value share in global adhesive tapes market in 2018. Asia Pacific is expected to grow with a promising rate in the coming years owing to the development in technology. Moreover, raw materials are easily available in Asia Pacific and the manufacturing infrastructure is also developing with the advent of time.
North America and Europe are mature markets for adhesive tapes with presence of various small scale players and local manufacturing facilities. The U.S. and Italy are among the key producers of adhesive tapes.
Middle East & Africa is also an attractive market for adhesive tapes owing to the significant increase in commercial & infrastructure activities and existing low market penetration in the region.
Global Adhesive Tapes: Competition Landscape
Major players of the market are focusing in manufacturing more innovative products so as to draw more revenue and surge the demand for adhesive tapes in the market. New techniques are being adopted in order to enhance the capacity of production and so as to develop new techniques and to draw more revenue into the market.
Leading vendors of the adhesive tapes market are also focusing on new merger and acquisition strategies in order to boost the market globally. The high rate of raw materials are making it difficult for new players to enter the market but the manufacturers who are already established take this as an opportunity and consider it as a boon in order to boost their product in the market and attract more revenue share in the market.
On March 22, 2019, Saint-Gobain launched a new tape product called Norbond A7600, which is a high-performance gray acrylic foam tape for use in trailer and specialty vehicle bonding applications. It is 1.1 mm in thickness.
On August 3, 2018, Intertape Polymer Group acquired Polyair for US$ 145.0 Mn. The latter is engaged in the protective packaging business, with its seven manufacturing facilities and a distribution center located across North America. Polyair’s key products include bubble cushioning, foam, and air pillow systems.
On July 23, 2018, Lintec Corporation launched new blue-colored and red-colored products to the non-transfer type tamper-evident label stocks. This product prevents surreptitious opening of duty-free bags and pharmaceutical outer packaging.
In September 2017, Avery Dennison Corporation acquired Yongle Tape Company Ltd., a China-based manufacturer of specialty tapes and related products for the industrial sector. In 2017, Avery Dennison Corporation acquired the net assets of Hanita Coatings Rural Cooperative Association Limited and a few of its subsidiaries.
Major companies dominating the global adhesive tapes market are
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
The global demand for adhesive tapes stood nearly US$ 62.5 Bn in 2018 and is projected to reach over US$ 111.6 Bn by 2027. Owing to the rise in awareness among competitors with regards to the benefit of adhesive tapes, the market for adhesive tapes is expected to increase at a progressive speed in the forthcoming years.
Various research and developmental activities have led to the growth of the application category and thus, the market seems to be growing at a remarkable speed. The new trend of substituting bolts, screws, rivets and other attaching or fastening techniques with adhesives has been leading to the progress of the adhesive market at a global rate. Besides, there is new demand for light weight vehicles and this is also adding fuel to the growth of the adhesive market.
The fact that adhesives are nature friendly and do not cause any harm to the environment acts as an advantage and thus, adds to the overall growth of the adhesive tapes market in all parts of the world.
Global Adhesive Tapes Market: Segmental Insights
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.
Strong expertise with attention to detail makes our market research reports stand apart. Download PDF Brochure –
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.
Request for Covid-19 Impact Analysis on Adhesive Tapes Market:
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.
Buy our Premium Research Report on Adhesive Tapes Market@
Single-coated adhesive tapes dominated the global adhesive tapes market in 2018. 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
More Trending Reports by Transparency Market Research –
Asia Pacific accounted for more than 45% value share in global adhesive tapes market in 2018. Asia Pacific is expected to grow with a promising rate in the coming years owing to the development in technology. Moreover, raw materials are easily available in Asia Pacific and the manufacturing infrastructure is also developing with the advent of time.
North America and Europe are mature markets for adhesive tapes with presence of various small scale players and local manufacturing facilities. The U.S. and Italy are among the key producers of adhesive tapes.
Middle East & Africa is also an attractive market for adhesive tapes owing to the significant increase in commercial & infrastructure activities and existing low market penetration in the region.
Global Adhesive Tapes: Competition Landscape
Major players of the market are focusing in manufacturing more innovative products so as to draw more revenue and surge the demand for adhesive tapes in the market. New techniques are being adopted in order to enhance the capacity of production and so as to develop new techniques and to draw more revenue into the market.
Leading vendors of the adhesive tapes market are also focusing on new merger and acquisition strategies in order to boost the market globally. The high rate of raw materials are making it difficult for new players to enter the market but the manufacturers who are already established take this as an opportunity and consider it as a boon in order to boost their product in the market and attract more revenue share in the market.
On March 22, 2019, Saint-Gobain launched a new tape product called Norbond A7600, which is a high-performance gray acrylic foam tape for use in trailer and specialty vehicle bonding applications. It is 1.1 mm in thickness.
On August 3, 2018, Intertape Polymer Group acquired Polyair for US$ 145.0 Mn. The latter is engaged in the protective packaging business, with its seven manufacturing facilities and a distribution center located across North America. Polyair’s key products include bubble cushioning, foam, and air pillow systems.
On July 23, 2018, Lintec Corporation launched new blue-colored and red-colored products to the non-transfer type tamper-evident label stocks. This product prevents surreptitious opening of duty-free bags and pharmaceutical outer packaging.
In September 2017, Avery Dennison Corporation acquired Yongle Tape Company Ltd., a China-based manufacturer of specialty tapes and related products for the industrial sector. In 2017, Avery Dennison Corporation acquired the net assets of Hanita Coatings Rural Cooperative Association Limited and a few of its subsidiaries.
Major companies dominating the global adhesive tapes market are
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
