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The adhesive tapes market size is valued to increase by USD 23.9 billion, at a CAGR of 6.23% from 2023 to 2028. Increasing demand from end-user industries will drive the adhesive tapes market.
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In the dynamic world of adhesive technologies, hot melt adhesive, epoxy adhesive, and polyurethane adhesive continue to dominate the market, accounting for over 60% of total adhesive consumption. Their versatility and compatibility with various substrates offer significant business advantages. For instance, hot melt adhesive's short curing time reduces production downtime by up to 30%, while epoxy adhesive's high bonding strength ensures superior product assembly and longevity. Moreover, the adoption of advanced dispensing equipment has led to a 25% improvement in application efficiency, enabling businesses to save on labor costs and streamline production processes. Low-temperature adhesives and double-sided tapes cater to industries requiring bonding in extreme temperatures, ensuring consistent performance and productivity. Adhesive application methods, such as contact angle measurement and peel adhesion testing, ensure accurate bonding and compliance with industry standards. Silicone adhesive and acrylic adhesive offer unique benefits, with the former providing excellent insulation properties and the latter offering fast curing times. The lamination process, which involves the use of various adhesive types like pressure-sensitive adhesive, acrylate adhesive, and rubber adhesive, ensures high-quality finished products and improved ROI. The selection of appropriate adhesive film thickness, cohesive strength, and release liner materials further optimizes production efficiency and product performance. In conclusion, businesses relying on adhesive technologies can leverage the diverse range of adhesive offerings, including hot melt, epoxy, polyurethane, silicone, acrylic, and insulating adhesives, to enhance their manufacturing processes, reduce costs, and ensure regulatory compliance.
The primary force fueling market growth is the escalating demand from end-user industries.
The rising demand for eco-friendly products represents a significant market trend. A growing number of consumers prioritize sustainable options in their purchasing decisions.
The volatility in raw material prices poses a significant challenge to the industry's growth trajectory, requiring continuous adaptation and risk management strategies to mitigate potential financial impacts.
The adhesive tapes industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The polypropylene segment is estimated to witness significant growth during the forecast period.
The market continues to evolve, with innovations in adhesive technologies driving growth. High-performance adhesives, such as epoxy and polyurethane, offer increased bonding strength and compatibility with various substrates. Temperature-specific adhesives, including high-temperature and low-temperature options, cater to diverse application requirements. Double-sided tapes, conductive adhesives, foam tapes, and silicone adhesives each address unique industry needs. Adhesive application methods, including dispensing equipment and lamination processes, have advanced to ensure precise and efficient adhesive application. The importance of adhesive properties, such as tack strength, cohesive strength, and peel adhesion, is recognized in industries ranging from automotive to electronics. For instance, contact angle measurement and surface energy measurement are critical in ensuring optimal adhesive performance.
The Polypropylene segment was valued at USD 29.12 billion in 2018 and showed a gradual increase during the forecast period.
The market encompasses a wide range of adhesive types, including acrylic, acrylate, and rubber adhesives, catering to diverse industries and applications. One notable example is the use of solvent-free adhesive in mono filament-reinforced strapping tapes, which can provide an impressive 50:1 adhesive transfer ratio, ensuring reliable bonding in various industries.
APAC is estimated to contribute 64% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in APAC is experiencing significant growth, with China, India, Indonesia, Thailand, Vietnam, and Japan being the major contributing countries. The expansion is primarily attributed to the burgeoning end-user industries, including consumer durables, automotive, and construction, in these regions. China and India serve as lucrative markets for manufacturers of consumer durables, electrical products, automotive, and paper and printing products due to inexpensive labor, low operational costs, and smooth business operations. Furthermore, the increasing affordability for procuring end products, fueled by rising disposable income and evolving population lifestyles, is further driving market growth.
According to industry reports, the market in APAC is projected to grow at an impressive pace, with consumer durables and automotive sectors accounting for a substantial market share. This growth underscores the market's potential and the opportunities it presents for stakeholders.
Customer Landscape of Adhesive Tapes Industry
Companies are implementing various strategies, such as strategic alliances, adhesive tapes market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
3M Co. - This company specializes in the design and production of innovative Sports Equipment, leveraging advanced materials and technology to enhance athlete performance and safety. .
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Adhesive Tapes Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
185 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.23% |
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Market growth 2024-2028 |
USD 23.9 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
5.77 |
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Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, and Rest of World (ROW) |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
"Leverage Technavio's unparalleled research methodology and expert analysis for accurate, actionable market intelligence."
The market encompasses a diverse range of pressure sensitive adhesive (PSA) products, each with unique properties catering to various industries and applications. Acrylic adhesives, for instance, offer superior bond strength due to their crosslinking mechanism, making them a popular choice for industrial and automotive uses. In the realm of manufacturing, testing methods for acrylic adhesive bond strength are crucial. Hot melt adhesive application equipment facilitates quick curing, enhancing supply chain efficiency. Conversely, water-based adhesive formulations for paper applications prioritize environmental sustainability, aligning with growing market trends. When it comes to environmental impact, solvent-based adhesives face increasing scrutiny. Adhesive viscosity measurement techniques help optimize formulations, reducing solvent usage and minimizing environmental footprint. Surface energy effects on adhesive bonding are also essential considerations, with contact angle measurement using goniometers enabling precise material selection. Curing time optimization is another critical factor. High-temperature adhesives, such as those used in aerospace applications, require specific curing conditions. In contrast, low-temperature adhesives for flexible substrates cater to the demands of industries like electronics, where temperature sensitivity is a concern. Release liner material selection criteria and substrate compatibility testing protocols ensure product compatibility and reliability. Double-sided tape manufacturing processes require careful consideration of these factors to maintain quality and consistency. High-performance adhesives, such as UV Curable Adhesives, offer intense curing for applications requiring immediate bonding. Conductive adhesives, used in electronic assembly, provide electrical conductivity, while insulating adhesives ensure electrical component protection. Acrylate adhesives' crosslinking mechanism and epoxy adhesives' curing kinetics offer unique advantages. Silicone adhesives' thermal stability makes them suitable for high-heat applications. Understanding these properties and their applications is essential for operational planning and market success in the adhesive tapes industry.
What is the expected growth of the Adhesive Tapes Market between 2024 and 2028?
USD 23.9 billion, at a CAGR of 6.23%
What segmentation does the market report cover?
The report is segmented by Material (Polypropylene, Paper, Polyvinyl chloride, and Others), End-user (Automotive, Healthcare, Packaging, and Others), Geography (APAC, North America, Europe, South America, and Middle East and Africa), Application (Packaging, Masking, Electrical & Electronics, Automotive, Healthcare, Building & Construction, and Other Applications), and Technology (Solvent-Based, Water-Based, Hot-Melt, and UV-Curable)
Which regions are analyzed in the report?
APAC, North America, Europe, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Increasing demand from end-user industries, Volatility in raw material prices
Who are the major players in the Adhesive Tapes Market?
3M Co., Adhesives Research Inc., Advance Tapes International Ltd., American Biltrite Inc., Avery Dennison Corp., Beiersdorf AG, Berry Global Inc., Can Do National Tape, Coating and Converting Technologies Inc., Compagnie de Saint Gobain, Dow Chemical Co., GERGONNE INDUSTRIE, H.B. Fuller Co., Henkel AG and Co. KGaA, Intertape Polymer Group Inc., LINTEC Corp., Lohmann GmbH and Co.KG, Mativ Holdings Inc., Nitto Denko Corp., and Shurtape Technologies LLC
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Material
7 Market Segmentation by End-user
8 Market Segmentation by Application
9 Market Segmentation by Technology
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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