At 5.1% CAGR, Adhesive Tapes Market is anticipated to record a valuation of $ 89,440.92 Mn by 2028

Logo EIN Presswire
EIN Presswire
The Insight Partner

Adhesive Tapes Market

Adhesive Tapes Market Research report covers Size, Share, Revenue, Demand, Future opportunity, Growth Factors, Covid 19 Impact analysis and forecast till 2028.

NEW YORK, UNITED STATES, November 25, 2022 /EINPresswire.com/ -- According to our latest market study, titled Adhesive Tapes Market Forecast to 2028 COVID-19 Impact and Global Analysis by Resin Type (Acrylic, Rubber, Silicone, and Others), Technology (Water-Based Adhesive Tapes, Solvent-Based Adhesive Tapes, and Hot-Melt-Based Adhesive Tapes), Tape Backing Material [Polypropylene (PP), Paper, Polyvinyl Chloride (PVC), and Others], and Application (Packaging, Healthcare, Automotive, Electrical and Electronics, Building and Construction, and Others) consists of the factors fueling market growth, revenue estimation, and market share analysis. It also includes the identification of significant market players and their key developments.

The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2022 to 2028. These analyses will help the reader to understand the potential worth of investment in a particular region. The report offers in-depth assessment of the growth and other aspects of the Adhesive Tapes Market in important regions. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.

The adhesive tapes market was valued at US$ 60,922.61 million in 2020 and is projected to reach US$ 89,440.92 million by 2028; it is expected to grow at a CAGR of 5.1% from 2021 to 2028.

Get Exclusive Sample Pages of Adhesive Tapes Market at
- https://www.theinsightpartners.com/sample//TIPRE00008760

Adhesive tapes are available in two typesspecialty tapes and commodity tapes. The coating technologies utilized in adhesive tapes are water-based, solvent-based, and hot-melt. Technological advancements have led to the growing demand for lightweight backing materials in the recent past. Adhesive tapes offers wide range of application in packaging, automotive, and healthcare industries.

Adhesive Tapes Market: Competitive Landscape and Key Developments

3M, Nitto Denko Corporation, tesa SE, Avery Dennison Corporation, Intertape Polymer Group, LINTEC Corporation, Berry Global Inc, Scapa, Lohmann GmbH & Co.KG, and Rogers Corporation are among the major players operating in the adhesive tapes market.

Speak to Analyst- https://www.theinsightpartners.com/speak-to-analyst/TIPRE00008760

Impact of COVID-19 Pandemic on Adhesive Tapes Market

The impact of the COVID-19 pandemic on the global adhesive tapes market is mixed. Various industries, such as automobiles, construction, electronics and electrical, have experienced sharp declines. In contrast, the healthcare industry has grown since the outbreak due to excessive demand for PPE kits and medical equipment. With the state of economic recovery, several industries and economies are strategically planning to invest in the healthcare sector. This is expected to provide an impetus to the growth of adhesive tapes market. For instance, to reduce the impact of the COVID-19 pandemic and empower the healthcare industry, the European Union has set budgets for European countries, such as US$ 550 per capita in the UK and ~US$ 366 per capita in Germany and Ireland. Health-related initiatives comprise purchasing professional medical and personal protective equipment (PPE), expanding research capabilities, hiring additional staff and benefits, supporting hospitals and local governments, and donating vaccine production. In addition, many companies such as 3M Company, Tesa S.E., and Nitto Denko Corporation have begun to actively market the product to expand their customer base and reduce business impact.

Adhesive Tapes Market Insights

Based on application, the global adhesive tapes market is segmented into packaging, healthcare, automotive, electrical and electronics, building and construction, and others. The automotive segment led the market in 2020. Adhesive tapes have multiple applications in the automotive sector. In the vehicle interior, adhesive tapes are used for seat heating elements, airbag wrapping and securing, steering wheel wrapping, rubber mounting, plastic profiles, and foam and fabric attachment on the instrument panel. In car interiors with features such as attachments for mobile devices, electronic chargers, air purifiers, connection for portable freezers, and other components, adhesive tapes are utilized for fastening and bonding purposes. Moreover, they are used to develop automotive electronics, such as light assemblies, air conditioning systems, electronic display panels, battery connectors & wires, and sensors. Moreover, adhesive tapes are rapidly replacing nut bolt fasteners to reduce vehicle weight and enhance vehicle aesthetics. Rising demand for lightweight sealing in vehicles and increasing utilization of adhesive tapes in the manufacturing of electric vehicles are projected to bolster the growth of the adhesive tapes market in the coming years.

In 2020, Asia Pacific held the largest share of the global adhesive tapes market. It is also estimated to register the highest CAGR in the market during the forecast period. The demand for adhesive tapes is expected to increase in the region due to various factors such as the huge population base, increasing disposable income, and improved living standards. The growth of the automotive market has also propelled demand for adhesive tapes in Asia Pacific. These factors have also attracted foreign players to expand their business in the region. Additionally, the rapid growth of Asia Pacific is attributed to the growth of the construction industry in the region. China is the worlds largest construction market and is expected to grow significantly in the next a few years. Moreover, other economies, such as India, are also set to grow at a tremendous rate with the focus on boosting domestic manufacturing activities.

Place Direct order to Adhesive Tapes Market Research Report
- https://www.theinsightpartners.com/buy/TIPRE00008760/

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi

Sameer Joshi
The Insight Partners
+91 96661 11581
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

Continue read on einpresswire.com

Logo PR Newswire
DUBLIN, Nov. 23, 2022 /PRNewswire/ -- The "Adhesive Tapes Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players,...

Logo EIN Presswire
Market Research Reports, Business Consulting Services & Analytics Specialty Tapes Market size is valued at around US$ 40.1 billion in 2021 and is...

Logo EIN Presswire
The Insight Partner Wide Range of Applications of Double Sided Tape to Escalate Growth of Double Sided Tape Market during 20202028 NEW YORK, UNITED STATES,...

Logo EIN Presswire
Market Research Reports, Business Consulting Services & Analytics High Temperature Adhesives Market size is estimated to reach US$4.8 billion by 2027,...

Logo EIN Presswire
Market Research Reports, Business Consulting Services & Analytics The growing demand for sustainable productions such as biodegradable water-based...

Logo EIN Presswire
Label Tapes market To Incur Rapid Extension During 2022-2031 The label Tapes market was valued at around USD 71.1 Bn at the end of 2021. It is projected to...

Logo EIN Presswire
India Pallets Market The India pallets market is projected to register a CAGR of 9.2% in terms of value during 2021-2031. At present, the market is valued at...

Logo EIN Presswire
Reports And Data Increasing demand for wearable materials in medical industry owing to the rise in demand for consumers & growth in population &...

Logo EIN Presswire
The Magnetic Drive Pumps Market report by The Insight Partners entails detailed information regarding the competitive landscape, scope & market...

Logo EIN Presswire
Market Research Reports, Business Consulting Services & Analytics Increasing demand for plastics components due to rapid urbanization and rising...

Logo EIN Presswire
The "Aerospace Data Recorders Market Forecast to 2025" is a specialized and in-depth study with a special focus on the global market trend analysis. NEW...

Logo EIN Presswire
Carton Sealing Tapes Market Size 2022 The Carton Sealing Tapes Market size was estimated at USD 17.37 billion in 2018 and is projected to reach USD 22.07...

Logo EIN Presswire
Epoxy Adhesives Market Size 2022 The Global Epoxy Adhesive Market stood at 5.34 billion USD in 2022 and is projected to register a CAGR of 6.36% to reach...

Logo EIN Presswire
Hybrid Adhesive Market Share 2022 The global Hybrid Adhesive Market size was estimated at USD 11.86 billion in 2017 and is projected to witness a CAGR of...

Logo EIN Presswire
HealthPress Release2022-11-24 11:59:19
Corneal Implants Market s per the PMR corneal implants market analysis report, the net valuation of the overall market is predicted to reach nearly US$ 794...

Logo EIN Presswire
Single-Cell Analysis Market The global single-cell analysis market was valued at US$ 3.30 Billion in 2021 and is expected to expand at a CAGR of 20% from...

Logo EIN Presswire
Carbon Fibre Tape Market Share 2022 The global carbon fiber tape market size is projected to grow from USD 1.5 billion in 2020 to USD 2.6 billion by 2031 at...

Logo PR Newswire
HealthPress Release2022-11-23 15:10:00
NEW YORK, Nov. 23, 2022 /PRNewswire/ -- Major players in the healthcare adhesive tapes market are 3M, Cardinal Health Inc., Nitto Denko Corporation, Johnson...

Logo EIN Presswire
Reports And Data An increase in the application of cellulosic materials in the paper & pulp manufacturing sectors coupled with rising environmental...

Logo EIN Presswire
TechnologyPress Release2022-11-24 14:00:00
Market Research Reports, Business Consulting Services & Analytics Security agencies are expected to significantly drive the Security Camera market....