Adhesives are indispensable parts of industrial processes in different end-user industry verticals. The growth of these domains is prompting the expansion of the Adhesive Tapes Market on the global front. This report by Market Research Future (MRFR) suggests that the global adhesive tapes market is presumed to expand at 5% CAGR during the forecast period. The market, in terms of revenues earned, is likely to touch a mark of USD 62 Bn by 2022.
Increasing applications across industries is anticipated to be the major driver of the adhesive tapes market over the next few years. In addition, the launch of highly efficient specialty tapes designed for specific industrial purposes is further projected to accelerate market growth in the years to come. The advantages offered such as durability, resistance, and flexibility are expected to dictate the expansion of the market in the forthcoming years.
The exponential demand from the automotive industry is projected to play an important role in the proliferation of the adhesive tapes market. Also, the product is extensively used in the construction industry. Thus, rising demand for automobiles and increasing investments in construction activities is poised to catapult the adhesive tapes market on upward trajectory.
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Competitive Dashboard:
3M Company, Tesa SE, Avery Dennison Corporation, Nitto Denko Corporation, Henkel AG & Company KGaA, Lintec Corporation, Intertape Polymer Group, Shurtape Technologies LLC, Lintec Corporation, Lohmann GmbH & Co.KG., and Scapa Group Plc. are few of the eminent players of the adhesive tapes market. These players are anticipated to invest in new technologies that are more effective and efficient. This, in turn, is presumed to accelerate competitiveness among the players of the adhesive tapes market over the next couple of years. Some of the growth strategies to be employed by the key players in the market are – mergers & acquisitions, collaborations, product launches, strategic alliances, product portfolio development, etc.
Target Audience:
- Manufactures
- Raw material Suppliers
- Aftermarket suppliers
- Research Institute / Education Institute
- Potential Investors
- Key executive (CEO and COO) and strategy growth manager
Industry News:
In September 2019, Avery Dennison Performance Tapes, based out of the U.S., has announced the launch of an updated global website for designers, engineers, converters, and specifiers.
In May 2019, Lohmann Technologies Medical Division, an adhesive specialist, has announced the launch of its latest surgical tape, DuploMED SUR 624000, at Med-Tech Innovation Expo.
In April 2019, 3M company, an American multinational conglomerate corporation, has announced the launch of role adhesives for wearables, Extended Wear Medical Transfer Adhesive 4075.
Market Segmentation:
O the basis of material, the global adhesive tapes market has been segmented into paper, polypropylene, and polyvinyl chloride.
Based on the technology, the adhesive tapes market has been segmented into solvent, hot melt, and others.
By application, the global adhesive tapes market has been segmented into consumer, food & beverages, construction, healthcare, automotive, and others.
Regional Analysis:
The global adhesive tapes market is profiled in detail on the basis of regions. The four key regions identified in the analysis are – North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). These regions are further narrowed down to the level of prime country-level markets. North America is expected to retain the pole position over the next couple of years. The growth of the industrial sector in the region is expected to drive growth of the regional market in the coming years. However, the residential applications of these tapes are also projected to cater to a considerable fraction of the total demand. It is anticipated to lead the expansion of the adhesive tapes market in the foreseeable future. Asia Pacific is observed to be witnessing rapid developments. It can be accredited to the rising developments in the industrial sector. Increasing urban population in the region is poised to drive the demand for residential applications, thus, supporting market growth.
Study Objectives of Global Adhesive Tapes Market:
- To provide detailed analysis of the market structure along with forecast for the next 6 years of various segments and sub-segments of the global adhesive tapes market.
- To provide insights about factors affecting the market growth.
- To analyze the global adhesive tapes market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (RoW).
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market for segment by Material, Technology, Application and by Region.
- To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global adhesive tapes market.
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Scope of Report
The report for Global Adhesive Tapes Market ofMarket Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain of Global Adhesive Tapes Market
Continued……..
List of Tables
Table 1 World Population by Major Regions (2015 to 2030) (Million)
Table 2 Global Adhesive Tapes Market: by Region, 2014-2022 (Usd Million)
Table 3 Global Adhesive Tapes Market: by Region, 2014-2022 (Kt)
Table 4 North America Global Adhesive Tapes Market: by Country, 2014-2022 (Usd Million)
Table 5 Europe Global Adhesive Tapes Market: by Country, 2014-2022 (Usd Million)
Table 6 Asia-pacific Global Adhesive Tapes Market: by Country, 2014-2022 (Usd Million)
Continued…….
List of Figures
Figure 1 Global Adhesive Tapes Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Five Forces Analysis of Global Adhesive Tapes Market
Figure 4 Value Chain of Global Adhesive Tapes Market
Figure 5 Share of Global Adhesive Tapes Market in 2014, by Country (in %)
Figure 6 Global Adhesive Tapes Market, 2015-2022, (Usd Billion)
Figure 7 Sub-segments of Applications
Continued…….
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