The Adhesive Tapes Global Market Report 2023 by The Business Research Company, provides adhesive tapes market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032
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According to The Business Research Company’s Adhesive Tapes Global Market Report 2023, the global adhesive tapes market size grew from $65.68 billion in 2022 to $70.58 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of adhesive tapes is expected to grow to $92.22 billion in 2027 at a CAGR of 6.9%
The growth of the automotive industry and the rapid rise in demand for adhesive tapes from the automotive sector worldwide are expected to propel the adhesive tapes market during the forecast period. Adhesive tapes are lightweight, compact, and smooth, making them ideal for use in car interiors for bonding of electronic products, parking sensor retainers, door cladding, spoiler and seals among others
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The adhesive tapes market is segmented:
1) By Resin Type: Acrylic, Rubber, Silicone, Other Resin Types
2) By Material Type: Polypropylene (PP), Paper, Polyvinyl Chloride (PVC), Other Material Types
3) By Technology Type: Solvent-Based, Hot-Melt Based, Water-Based
4) By End Use: Packaging, Consumer and Office, Healthcare, Automotive, Electrical and Electronics, Building and Construction, Other End Uses
Adhesive products are potentially hazardous during the manufacturing stages, which negatively impacted the growth of the adhesive tapes market in the historic period. This is mainly because the manufacturing processes involves high temperatures and high-pressure reactions which can be dangerous unless controlled carefully. Due to this, regulations in the adhesives industry – in assessing and managing the risks involved in the manufacturing, transporting and disposing of chemicals – increased in the historic period. Adhesives have to be compliant with complex regulations that govern labeling, handling, manufacturing, and shipping and storage of the product. Additional compliance costs due to changing regulations, as different countries and geographies have different regulations, was a major restraint for adhesive tape companies.
Top 5 Major Key Players Are:
3M
Nitto Denko Corporation
Tesa SE
Lintec Corporation
Avery Dennison Corporation
Table Of Contents
1. Executive Summary
2. Adhesive Tapes Market Characteristics
3. Adhesive Tapes Market Trends And Strategies
4. Adhesive Tapes Market – Macro Economic Scenario
5. Adhesive Tapes Market Size And Growth
……
26. Africa Adhesive Tapes Market
27. Adhesive Tapes Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Adhesive Tapes Market
29. Adhesive Tapes Market Future Outlook and Potential Analysis
30. Appendix
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