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Global Adhesive Tapes Market to Grow at a CAGR of 5.1% During 2021-2026, Driven by Rising Automotive Industry

According to a new report by EMR titled, ‘Global Adhesive Tapes Market Report and Forecast 2021-2026’, the market attained a value of about USD 59.4 billion in 2020. The industry is further expected to grow at a CAGR of 5.1% in the forecast period of 2021-2026 to reach a value of USD 80.3 billion by 2026.

The adhesives have a remarkable flexible advantage over the traditional methods, when used in the manufacturing of automotive components. The vehicles which were manufactured with adhesives perform better than welded vehicles in performance evaluations such as crash tests as the adhesives do not adversely affect the substrate after bonding. The adhesives allow manufacturing of light weight vehicle components. The advancements in technology are proving that adhesives can help in making the automobiles more energy efficient. These factors are leading to a rapid growth in the demand for adhesive tapes industry.

The adhesive market is also propelled by it skin friendly advantage. The diapers for infants and adults are manufactured with the help of adhesive tapes to better protect their skin. The growing awareness for environment issues is also fueling the market demand. This is because the water-based adhesives are relatively friendly to environment and reduce polluting waste. The introduction of recyclable tapes that are manufactured with biodegradable ingredients is further propelling the growth of market. The food and beverage industry is also showing increasing usage of adhesive tapes for packaging the products and accelerating the market demand.

The healthcare sector is also showing increasing application of the adhesive tapes. The surgical container, monitoring devices, wound dressing and other equipment utilize the adhesive tapes. On December 2020, 3M CO. (NYSE: MMM), a global leader in adhesive tapes market announced new 3M Hi-Tack silicon adhesive that can enhance the quality of life of patients using wearable medical devices that are required for long time. The advancements in technology such as this will further propel the demand for adhesive tapes market.

Market Analysis by Resin Type, Material, Technology, Applications and Regions:

  • The resin type for adhesive types can be divided into silicone, acrylic and rubber, among others.
  • The material used in adhesive tapes are typically segmented into paper, polyvinyl chloride, and polypropylene, among others.
  • The technology used in adhesive tapes are water-based, hot-melt-based and solvent-based, among others.
  • The applications for the industry are specialized tapes, packaging tapes, and masking tapes, among others.
  • The regional markets for adhesive tapes include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing construction industry is providing thrust to the market demand for adhesive tapes.
  • The automotive sector is increasingly using the adhesive tapes for light weight vehicles which is providing impetus to the market growth.
  • The increasing population with economic development and urbanization is expanding the industry demand.
  • The increasing demand for packaging in food and beverage sector is boosting the industry growth.

Key Offerings of the report:

  • The EMR report gives an overview of the global adhesive tapes industry for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecasted (2021-2026) markets for the resin type, material, technology, applications, and major regions of adhesive tapes industry. 
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods.
  • The market report also analyses the trade data by covering the major importing and exporting countries.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global adhesive tapes market are 3M Co., H.B. Fuller Company, LINTEC Corporation, Berry Global Inc., Nitto Denko Corporation, Bostik, Inc, and Sika AG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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