PUBLISHER: Market Research Future | PRODUCT CODE: 1732713
PUBLISHER: Market Research Future | PRODUCT CODE: 1732713
Global Adhesive Tapes Market Research Report Information By Type (Acrylic, Epoxy, Polyurethane, Silicone, and Others), By End User (Electrical & Electronics, Chemicals, Healthcare, Automotive & Transportation, Packaging, Construction, Energy & Power, Food & Beverages, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) Forecast Till 2032
According to projections, the global adhesive tapes market is expected to rise at a strong Compound Annual Growth Rate (CAGR) of 5.36% over the course of the projected year. The market was assessed to be worth USD 78,931.78 million in 2023 and is expected to grow to a significant USD 1,24,583.02 million by the end of the 2024-2032 forecast period.
The market for adhesive tapes is expected to rise steadily soon due to rising demand from the automotive, aerospace, healthcare, and packaging sectors. The market is growing because of the increased usage of sustainable and double-sided sticky tapes. The market for adhesive tapes has been impacted by the move toward environmentally friendly solutions, as both businesses and consumers seek to lessen their carbon footprint. Sustainable tapes created from recycled materials are replacing conventional plastic and non-biodegradable materials as a result of this trend. The greatest end-user, the packaging industry, is the main application for adhesive tapes, which are made of a base material with an adhesive coating applied to one side. They are also widely used in a variety of industries, including aircraft, construction, and healthcare.
Segmenting the Market
The global adhesive tapes market has been divided into several segments based on type, including silicone, acrylic, epoxy, and polyurethane.
Electrical & Electronics, Chemicals, Healthcare, Automotive & Transportation, Packaging, Building & Construction, Energy & Power, Food & Beverages, and Others are the end-user industry-based segments of the global adhesive tapes market.
Analysis by Region
The adhesive tape market in North America, which includes the US and Canada, is well-established. The area is home to several major industry players and has a well-established manufacturing base. The market for adhesive tape in North America is primarily driven by the automotive, construction, and packaging industries.
The market for adhesive tapes is well-established in Europe, encompassing Western and Eastern Europe, and is distinguished by sophisticated manufacturing techniques and strong demand from a variety of industries, including electronics, healthcare, and the automotive sector.
The largest market share in the world is held by Asia Pacific. The region's overwhelming market share is a result of a trend toward high-performance tapes in sectors including electronics, automotive, and construction.
The market for adhesive tapes is expanding moderately in the MEA area, which includes nations in the Middle East and Africa. This expansion is driven by consumer demand, infrastructure initiatives, and industrial activity.
Among the leading companies in the adhesive tapes market are Berry Inc. (US), Lohmann GmbH (Germany), Scapa Group PLC (Canada), Nitto Denko Corporation (Japan), Lintec Corporation (Japan), 3M Company (US), Rogers Corporation (US), Tesa SE (Germany), and Avery Dennison Corporation (US).