can be defined as a strip with adhesive properties that stick to different surfaces on application of slender pressure. Adhesive tapes are available in two types – commodity tapes and specialty tapes. The coating technologies used in adhesive tapes are solvent-based, water-based and hot-melt. Technological advancements have led to increasing demand for lightweight backing materials in the recent past. Adhesive tapes find a wide range of application in automotive, packaging and healthcare industries. The global adhesive tapes market is expected to increase at a moderately high CAGR over the forecast period.
The growing end-use industries such as packaging, automotive and electronics have led to rapid increase in demand for adhesive tapes over the past few years. Increasing consumer awareness pertaining to hygiene coupled with increasing disposable income has led to rapid increase in demand for adhesive tapes in healthcare sector, thus driving the global adhesive tapes market. Moreover, increasing construction industry is expected to boost the demand for adhesive tapes over the forecast period. Volatility in raw material prices is expected to be a major restraining factor for the growth of adhesives tapes market over the forecast period. Rapidly increasing Shift of production base from developed regions such as North America and Europe to Asia Pacific is the biggest trend in global adhesive tapes market. The global adhesive tapes market
is classified on the basis of material type as follows Polyvinyl Chloride, Polypropylene, Paper and Others. The global adhesive tapes market is further bifurcated on the basis of product type into Commodity tapes & Specialty tapes. The global adhesive tapes market is segmented on the basis of technology as Hot-melt, Water-based & Solvent-based.
Furthermore, the global adhesive tapes market is classified on the basis of application as packaging, consumer products, healthcare, electronics and electronics, automotive and others. Lastly, the global adhesive tapes market is bifurcated by regions into North America, Asia Pacific (APAC), Europe and Rest of the World (RoW). Asia Pacific is expected to dominate the global adhesives tapes market throughout the forecast period. This is mainly attributed to rapid growth in automotive industry in India and China. North America and Europe, being mature markets are expected to witness sluggish growth over the forecast period. Some of the key players in the global adhesive tapes market include:
- Henkel AG & Co. Kgaa (Germany)
- The 3M Company (U.S.)
- Avery Dennison Corporation (U.S.)
- H.B. Fuller (U.S.)
- RPM International (U.S.) among others.