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APAC is estimated to be the largest as well as the fastest-growing adhesive tapes market

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APAC is estimated to be the largest as well as the fastest-growing adhesive tapes market

November 05
13:04 2021
APAC is estimated to be the largest as well as the fastest-growing adhesive tapes market
Browse 146 market data Tables and 66 Figures spread through 203 Pages and in-depth TOC on “Adhesive Tapes Market”
Adhesive Tapes Market by Resin Type (Acrylic, Rubber, Silicone), Backing Material (PP, Paper, PVC), Technology (Solvent, Hot-Melt, Water Based), End-Use Industry (Packaging, Healthcare, E&E, Automotive) and Region

The adhesive tapes market size is projected to grow from USD 60.4 billion in 2020 to USD 79.9 billion by 2025, at a CAGR of 5.7% during the forecast period. Growing use of adhesive tapes in diverse industries, rising urbanized population, and improved healthcare systems are driving the demand for adhesive tapes. 

APAC is the largest adhesive tapes market and is also projected to be the fastest-growing market during the forecast period. The region is witnessing strong growth owing to ongoing R&D and advancements in electrical & electronics, healthcare, and automotive industries. The adhesive tapes market in emerging economies, such as China, India, Brazil, South Africa, and Indonesia, is expected to witness significant growth while more developed markets such as the US, Germany, Japan, and the UK, will witness slow or no growth during the forecast period. China is expected to be the major contributor, mainly led by the high demand from heavy industries and consumer product manufacturing sectors.

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The healthcare industry is undergoing a rapid transformation and plays a significant role in driving the adhesive tapes market, globally. The major factors driving the market in the healthcare sector are identified as the growth and penetration of the products in this sector in developing countries, along with growth in disposable income, rising number of surgeries & growing number of ambulatory surgery centers, rise in the aging population, improved healthcare systems, and awareness regarding hygiene products. Research institutions and various manufacturers are also taking initiatives and making huge investments in R&D for the technological development of adhesive tapes for healthcare applications and improvement of their properties for use in various other sectors.

Hot-melt technology is expected to grow at the highest CAGR 

The hot-melt technology segment is projected to witness the highest growth during the forecast period. Hot-melt adhesive tapes are the fastest-growing class of adhesive tapes in healthcare application. These adhesive tapes have an extreme rate of bond formation, which can translate into high production rates. In the US, hot-melt technology is widely used in tape production by key players, such as 3M Company (US) and Intertape Polymer Group, Inc. (Canada).

Paper is estimated to be the fastest-growing backing material in the adhesive tapes market

The paper segment is projected to register the highest CAGR between 2020 and 2025. Smooth or crepe paper with different elongation degrees and tensile strengths are used as a backing material for adhesive tapes. Paper adhesive tapes are used in healthcare, automotive, electrical & electronics, and building & construction industries.

Major vendors in the adhesive tapes market include 3M Company (US), tesa SE (Germany), Nitto Denko Corporation (Japan), Lintec Corporation (Japan), Intertape Polymer Group (Canada), Avery Dennison Corporation (US), Lohmann GmbH (Germany), Berry Global Inc. (US), Scapa Group PLC (Canada), and Rogers Corporation (US).

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