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In 2021, the Adhesive Tapes Market Size reached USD 47.21 billion. Projected to grow from USD 49.72 billion in 2022 to USD 79.91 billion by 2030, the industry anticipates a compound annual growth rate (CAGR) of 5.40% during the forecast period (2022 - 2030). The market expansion is fueled by the rising applications of adhesive tapes across diverse end-use industries.
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The increasing utilization of adhesive tapes across various sectors, including packaging, masking, consumer & office, electrical & electronics, healthcare, automotive, white goods, paper & printing, building & construction, retail, and others, is a key driver for market growth. The packaging industry, particularly, dominates the market growth as packaging tapes play a crucial role in sealing, enclosing, and wrapping various items. The surge in e-commerce has further accelerated market growth, compensating for the negative impact caused by the economic contraction in 2020.
The trend towards flatter and micro-electronic devices is boosting the use of adhesive tapes in the electrical and electronics industries. The healthcare & hygiene sector is expected to witness the fastest growth during the forecast period, driven by an aging population and an increase in chronic diseases. Adhesive tapes are also extensively used in the building and construction industries for applications like HVAC, glazing, abatement, and insulation.
Backing Material: Polypropylene (PP) dominates the market, contributing around 35.02% to the adhesive tapes market revenue in 2021. The growing demand for efficient plastic packaging products, especially in the packaging industry, propels the demand for polypropylene adhesive tapes.
Type: The double-sided segment outpaced the market in 2021 and is projected to be the faster-growing segment during the forecast period. The widespread use of double-sided tapes in automotive applications and the replacement of traditional fasteners contribute to the segment's growth.
Resin: Acrylic resin led the market in 2021 and is expected to be the faster-growing segment. The demand for acrylic-based adhesive tapes is driven by their advantageous physical and chemical properties, low cost, and applications in various end-use industries.
Applications: Packaging held the largest segment share in 2021, driven by the growth in the packaging industry, especially in the flexible packaging sector. The building & construction segment is the second fastest-growing, expected to register a CAGR of 18.10% over the forecast period.
North America, Europe, Asia-Pacific, and the Rest of the World are the key regions. North America witnesses remarkable growth due to significant product demand from industries such as packaging, healthcare, and automotive. Europe, with a focus on electro-mobility, batteries, and support for the European Green Deal, contributes to the adhesive tapes market. Asia-Pacific, especially China, is the largest contributor, driven by high demand from heavy industries and consumer product manufacturing sectors.
Major players like 3M, Rogers Corporation, Tesa SE, Scapa Group PLC, Nitto Denko Corporation, Lintec Corporation, Berry Inc., Intertape Polymer Group, Lohmann GmbH, and Avery Dennison Corporation dominate the market. These players are investing in R&D, new product launches, strategic initiatives, and collaborations to expand their market footprint.
Lintec Corporation developed adhesive tapes essential for semiconductor manufacturing processes, contributing to the growth of the industry.
Intertape Polymer Group Inc. entered into an agreement to be acquired by Clearlake Capital Group, L.P., in a transaction valued at approximately USD 2.6 billion.
Lohmann launched an adhesive tape for the flexographic printing industry, expanding press uptime and providing a more process-safe solution.
Backing Material: Polypropylene (PP), Paper, Polyvinyl Chloride (PVC), Others
Type: Single-Sided, Double-Sided
Resin: Acrylic, Epoxy, Rubber-Based, Silicone, Others
Application: Automotive, Healthcare, Packaging, Electrical & Electronics, Building & Construction, Retail, Others
The report covers Revenue Forecast, Competitive Landscape, Growth Factors, and Trends, with segments covering Backing Material, Type, Resin, Application, and Region. Geographical coverage includes North America, Europe, Asia Pacific, and Rest of the World, with key countrie
In 2021, the Adhesive Tapes Market Size reached USD 47.21 billion. Projected to grow from USD 49.72 billion in 2022 to USD 79.91 billion by 2030.
The global market is projected to grow at a CAGR of 5.40% during the forecast period, 2023-2030.
Research on the market is done by industry professionals who provide personalized insights on the industry structure, market segmentation, Type assessment, competitive landscape (CL), along with penetration, and emerging trends. In addition to years of professional experience in their various fields and sectors, their analysis is largely based on primary interview (60%) and secondary research (40%) as well as years of professional experience. In addition, our researchers forecast the market's direction over the following seven years by examining past trends and the market's current position. Additionally, various trends of segments and categories that are geographically portrayed are studied and estimated using primary and secondary research.
The key level executives (VP, CEO, Marketing Directors, and Business Development Managers) of the major industry participants who are active and prominent as well as mid-scale businesses operating in this market were interviewed in-depth for this supply-side report by overall Global Market Research.
Extensive primary research was conducted to gain a deeper grasp of the market and industry. Both primary and secondary research, as well as years of pertinent professional experience, are used to support the analysis. By analyzing past and present market patterns, our experts were able to forecast the market's course over the following seven years. For the geographically offered categories in the list of market tables, it differs per category. In connection with the Global Market research report, we also conducted a number of primary interviews with senior level executives (VP, CEO's, Directors, Marketing Directors, Business Development Managers, CFOs, Technical Consultants, Key Opinion Leaders, Industry Experts, Decision Matrix Authorities, and other crucial individuals) of the key industry players who dominated the Global market.
The primary purpose of secondary research was to gather, identify, and validate the information necessary for the thorough, technical, market-focused, and commercial analysis of the global market. With the use of this study, it was also possible to classify and segment the market in accordance with market trends, geographic markets, and regional considerations linked to market type. Analysts have gathered data in the Distribution Channel for the study of the market from reliable sources including annual reports, journals, white papers, corporate presentations, company websites, international organizations of Energy and Power manufacturers, credible paid databases, and many others to gather reliable intel.
Both top-down and bottom-up methodologies were employed to assess the accuracy of the global market size. The market for as a whole was estimated using these methods for a number of different dependent submarkets. Secondary research was used to address the major industry players, and primary and secondary research was used to calculate their market shares in the various regions. This complete intellectual process includes reading the annual and financial reports of the top market participants and conducting in-depth interviews with top industry executives (VP, CEO, Marketing Directors, and Business Development Managers) to gain important industry insights.
Through reliable secondary sources and validated primary sources, the classification of the global markets and their geographic percentage splits were established. To obtain the final qualitative and quantitative data, all relevant variables that might have an impact on the market under investigation have been taken into consideration, inspected in great depth, verified through primary research, and assessed. This information was collected, added to, and thoroughly examined by professional analysts before being provided in this report. The process used to estimate the overall market size for this study is depicted in the following image as an example.
Report Code :
RL65421
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