Global Adhesive Tapes Market 2015-2020 - Product Type, Application, Technology, Backing Material and Regional Forecasts
DUBLIN, Sept. 9, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/xrbm5b/adhesive_tapes) has announced the addition of the "Adhesive Tapes Market by Product Type, by Application, by Technology, by Backing Material and by Region - Global Forecasts to 2020" report to their offering.
The adhesive tapes market size, in terms of volume, is estimated to reach 53.1 Billion square meter by 2020, signifying a firm CAGR of over 4.34% between 2015 and 2020.
The adhesive tapes market registered a moderate growth in the past few years and is likely to continue so in the coming years. This growth is driven by the growing electrical & electronic, healthcare, and building & construction industry.
Currently, the Asia-Pacific region is the largest market of adhesive tapes and is projected to witness the highest CAGR. Countries such as China, India, Japan, South Korea, and Taiwan are expected to lead the Asia-Pacific adhesive tapes market, with China accounting for the largest share in the regional demand for adhesive tapes. In North America, the Mexican adhesive tapes market size, in terms of volume, is comparatively low. However, Mexico is expected to grow at the highest rate in the region.
The North American and Asia-Pacific regions are the most active markets in terms of strategic initiatives undertaken by the market players. Factors such as huge and increasingly addressable customer base and the shift in manufacturing from North America and Europe to Asia-Pacific are driving the growth of the Asia-Pacific adhesive tapes market.
The major adhesive tapes manufacturers are 3M Company (U.S.), Nitto Denko (Japan), Tesa SE (Germany), Avery Dennison Corporation (U.S.), Henkel AG & Company (Germany), Intertape (Canada), Lintec (Japan), Shurtape Technologies (Canada), Scapa (U.K.), and Lohmann GmbH (Germany), among others.
For more information visit http://www.researchandmarkets.com/research/xrbm5b/adhesive_tapes
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SOURCE Research and Markets
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