The adhesives tapes market is estimated to be USD 51.25 Billion in 2017 and is projected to reach USD 69.42 Billion by 2022, at a CAGR of 6.26% from 2017 to 2022.
The increasing use of adhesives tapes in various applications, such as packaging, healthcare, electrical & electronics, building & construction, white goods, and automotive is driving the growth of the adhesives tapes market.
The adhesives tapes market has been segmented on the basis of resin type, backing substrate, technology, category, application, and region. Based on resin type, the adhesives tapes market has been classified into acrylic, rubber, silicone, and others. Silicone-based adhesive tapes maintain adhesion over a large temperature range and possess the ability to adhere to difficult surfaces. The overall adhesive strength of silicone-based adhesive tapes is lower than that of other adhesive tapes. However, silicone-based adhesive tapes are more expensive as compared to acrylic and rubber-based adhesive tapes.
Volatile prices of raw materials are acting as a restraint to the growth of the adhesive tapes market. Natural rubber, films, foams, paper/PP/PVC, and release liners are raw materials used in the manufacture of adhesive tapes. Most of these raw materials are petroleum-based derivatives that are vulnerable to fluctuations in commodity prices.
Key players operating in the adhesives tapes markets include 3M Company (US), Nitto Denko Corporation (Japan), Tesa SE (Germany), Lintec Corporation (Japan), Intertape Polymer Group, Inc. (Canada), Avery Dennison Corporation (US), Shurtape Technologies, LLC (US), and Scapa Group Plc (UK).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Significant Opportunities in the Global Adhesive Tapes Market 4.2 Adhesive Tapes Market Growth, By Resin 4.3 Adhesive Tapes Market Growth, By Technology 4.4 Adhesive Tapes Market Growth, By Tape Backing Material 4.5 Adhesive Tapes Market Growth, By Category 4.6 Adhesive Tapes Market Attractiveness, By Application, 4.7 Adhesive Tapes Market, Developed vs. Developing Nations 4.8 Adhesive Tapes Market Share in APAC, By Application and Country 4.9 Adhesive Tapes Market Share, By Region
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 220.127.116.11 Growing Use of Adhesive Tapes in Diverse Applications 18.104.22.168 High Demand for Adhesive Tapes in APAC 22.214.171.124 Wide Acceptance Due to Ease of Applicability of Adhesive Tapes 5.2.2 Restraints 126.96.36.199 Volatility in Raw Material Prices 5.2.3 Opportunities 188.8.131.52 Advancement in Adhesive Tapes Technology 5.2.4 Challenges 184.108.40.206 Implementation of Stringent Regulatory Policies 5.3 Porter's Five Forces Analysis 5.4 Macroeconomic Overview and Key Drivers 5.4.1 Introduction 5.4.2 Trends and Forecast of GDP 5.4.3 Trends and Forecast of Construction Industry 5.4.4 Trends in Automotive Industry 5.4.5 Trends in Healthcare Industry 5.4.6 Forecast of Electrical & Electronics Industry
6 Adhesive Tapes Market, By Resin 6.1 Introduction 6.2 Acrylic 6.3 Rubber 6.4 Silicone 6.5 Other Resins