Press release
Adhesive Tapes Market report shows emerging trends and global demand by 2021 to 2028
The Adhesive Tapes Market was valued at US$ 60,922.61 million in 2020 and is projected to reach US$ 89,440.92 million by 2028; it is expected to grow at a CAGR of 5.1% from 2021 to 2028.Adhesive tapes are available in two types-specialty tapes and commodity tapes. The coating technologies utilized in adhesive tapes are water-based, solvent-based, and hot-melt. Technological advancements have led to the growing demand for lightweight backing materials in the recent past. Adhesive tapes offers wide range of application in packaging, automotive, and healthcare industries.
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Analysis of the Top Market Players:
1. 3M COMPANY
2. NITTO DENKO CORPORATION
3. TESA SE
4. LINTEC CORPORATION
5. AVERY DENNISON CORPORATION
6. INTERTAPE POLYMER GROUP
7. BERRY GLOBAL INC.
8. SCAPA GROUP PLC
9. LOHMANN GMBH AND CO.KG
10. ROGERS CORPORATION.
In this report, the market has been segmented on the basis of:
Resin Type (Acrylic, Rubber, Silicone, and Others)
Technology (Water-Based Adhesive Tapes, Solvent-Based Adhesive Tapes, and Hot-Melt-Based Adhesive Tapes)
Tape Backing Material [Polypropylene (PP), Paper, Polyvinyl Chloride (PVC), and Others]
Application (Packaging, Healthcare, Automotive, Electrical and Electronics, Building and Construction, and Others).
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Based on application, the global adhesive tapes market is segmented into packaging, healthcare, automotive, electrical and electronics, building and construction, and others. The automotive segment led the market in 2020. Adhesive tapes have multiple applications in the automotive sector. In the vehicle interior, adhesive tapes are used for seat heating elements, airbag wrapping and securing, steering wheel wrapping, rubber mounting, plastic profiles, and foam and fabric attachment on the instrument panel. In car interiors with features such as attachments for mobile devices, electronic chargers, air purifiers, connection for portable freezers, and other components, adhesive tapes are utilized for fastening and bonding purposes.
Moreover, they are used to develop automotive electronics, such as light assemblies, air conditioning systems, electronic display panels, battery connectors & wires, and sensors. Moreover, adhesive tapes are rapidly replacing nut bolt fasteners to reduce vehicle weight and enhance vehicle aesthetics. Rising demand for lightweight sealing in vehicles and increasing utilization of adhesive tapes in the manufacturing of electric vehicles are projected to bolster the growth of the adhesive tapes market in the coming years.
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