Adhesive Tapes Market to Grow at 4.73% CAGR: Healthcare Industry Driving Growth to 2020
PUNE, India, April 12, 2016 /PRNewswire/ --
The increasing demand from the healthcare sector is one the primary factors driving the adhesive tapes market globally as adhesive tapes are used as surgical tapes as well as to hold a dressing or bandage on top of a wound. These tapes have an antigen adhesive that grips tightly onto the skin, bandage, or dressing material. Rapid development and increased investment in the healthcare sector in developing countries has led to an augmented demand for medical adhesive tapes globally. The increasing demand for medical aids will propel the growth prospects of the adhesive tapes market in the coming years.
Complete report on adhesive tapes market spread across 75 pages, analyzing 5 major companies and providing 38 data exhibits is now available at http://www.reportsnreports.com/reports/514481-global-adhesive-tapes-market-2016-2020.html.
The analysts forecast global adhesive tapes market to grow at a CAGR of 4.73% during the period 2016-2020. Analysts have estimated factors like the rising demand for recyclable and eco-friendly tapes to spur the growth prospects of the adhesive tapes market until the end of the forecast period. The stringent environmental regulations and consumer preference for environmentally friendly products have led to an augmented demand for recyclable adhesive tapes. Moreover, these eco-friendly tapes are made from biodegradable polymers obtained by the polymerization of bio-based raw materials and are a good alternative to petroleum-based raw materials. This will aid in the growth of this market until the end of 2020.
During 2015, the polypropylene segment dominated the adhesive tapes market and accounted for more than 56% of the market share. Polypropylene is one of the primary resins used as a backing material in box sealing tapes that are used for sealing packages for shipment. Moreover, polypropylene is the main raw material used for manufacturing non-woven fabric, and this is expected to drive the growth of this segment over the predicted period. Order a copy of Global Adhesive Tapes Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=514481.
In this industry research study, the analysts have estimated APAC to be the largest adhesive tapes market and will account more than 56% of the market share until the end of 2020. Factors such as rapid development and continuous expansion in countries like India and China and an increasing demand for medical tapes will propel the growth of this segment.
The global adhesive tapes market is highly fragmented due to the presence of several regional and international vendors. There is intense competition among the vendors on the basis of product portfolio, differentiation, and pricing. The recent technological advancements, raw material improvements, and the development of new techniques are expected to drive the demand for adhesive tapes globally.
Key players in the global adhesive tapes market: 3M Company, Avery Dennison, Henkel AG, Nitto Denko, and Tesa.
Other prominent vendors in the market are: Advance Tapes International, Adhesives Research, Bostik, Dow Corning, Evans Adhesive, Franklin International, H.B. Fuller, Intertape Polymer Group, Lintec, Lohmann, LORD Corp., MACtac, Hexion, Nova Films and Foils, Powerband, Royal Adhesives & Sealants, RPM International, Scapa Group, and Shurtape Technologies.
Further, the report states that an increase in the cost of raw materials and adhesives used in the production of adhesive tapes is a major challenge hindering the growth of the global adhesive tapes market.
Another related report is Global Packaging Adhesives Market 2015-2019: analysts forecast global packaging adhesives market to grow at a CAGR of 5.85% over the period 2014-2019. The report covers APAC, Europe, North America, and ROW; it also covers the global packaging adhesives market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. Browse complete report @ http://www.reportsnreports.com/reports/396036-global-packaging-adhesives-market-2015-2019.html.
Key players in the global packaging adhesives market: 3M Co., Avery Dennison Corp., Bostik SA, HB Fuller Co. and Henkel AG & Co. Other prominent vendors in the market are: Ashland, Bayer, DIC, Dow, Dymax, Eastman, Jowat, Paramelt, Rhein Chemie, SAPICI and Sika
Explore other new reports on Chemicals Market @ http://www.reportsnreports.com/market-research/chemicals/.
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