Key players operating in adhesive tapes market are 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).
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The adhesive tapes market is projected to grow from USD 51.25 billion in 2017 to USD 69.42 billion by 2022, at a CAGR of 6.26% between 2017 and 2022. The rising demand for adhesive tapes across various applications, such as packaging, healthcare, electrical & electronics, building & construction, white goods, and paper & printing is expected to drive the growth of the adhesive tapes market.
1 Significant Opportunities in the Global Adhesive Tapes Market
2 Adhesive Tapes Market Growth, By Resin
3 Adhesive Tapes Market Growth, By Technology
4 Adhesive Tapes Market Growth, By Tape Backing Material
5 Adhesive Tapes Market Growth, By Category
6 Adhesive Tapes Market Attractiveness, By Application,
7 Adhesive Tapes Market, Developed vs.
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8 Adhesive Tapes Market Share in APAC, By Application and Country
9 Adhesive Tapes Market Share, By Region
Increasing environmental concerns and growing regulatory policies have propelled manufacturers of adhesive tapes to focus on the development of eco-friendly products. Volatile raw materials prices are acting as a restraint to the growth of the adhesives tapes market.
Most raw materials used in the development of adhesive tapes are petroleum-based derivatives that are vulnerable to fluctuations in commodity prices.
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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.
2 Market Ranking
3 Competitive Scenario
4 Mergers & Acquisitions
5 New Product Launches
6 Investments & Expansions
The adhesives tapes market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. The rising demand for adhesives tapes from countries, such as India, China, South Korea, Vietnam, Taiwan, and Singapore, is projected to drive the growth of the adhesives tapes market in the Asia Pacific region.
China is expected to lead the demand for adhesives tapes in the Asia Pacific region.
More Information on “Adhesive Tapes Market by Resin Type (Acrylic, rubber, silicone), Technology (Solvent, Water and Hot-Melt-Based), Substrate (PP, Paper, PVC), Application (Packaging, Healthcare, Electrical & Electronics, Automotive), and Region-Global Forecast to 2022” research report at www.rnrmarketresearch.com/contacts…ying?rname=411791 .
Asia Pacific is the fastest-growing market for adhesive tapes. The economic growth of emerging countries, such as China, India, Taiwan, Indonesia, Vietnam, and Malaysia, is projected to drive the demand for adhesive tapes in the Asia Pacific region.
China is projected to lead the adhesive tapes market in the Asia Pacific region.
Breakup of Primary Interviews:
- By Company Type: Tier 1–65%, Tier 2–27%, and Tier 3–8%
- By Designation: C-Level Executives –46%, Directors –40%, and Others–14%
- By Region: North America–37%, Europe–21%, Asia Pacific–26%, South America–8%, and the Middle East & Africa–8%
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.
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