Structural Adhesive Tapes Market by Resin Type (Acrylics, Anaerobic acrylics, Cyanoacrylate), Backing Material (Fabric, Filmic, Foam), End-User - Global Forecast 2024-2030

Structural Adhesive Tapes Market by Resin Type (Acrylics, Anaerobic acrylics, Cyanoacrylate), Backing Material (Fabric, Filmic, Foam), End-User - Global Forecast 2024-2030

The Structural Adhesive Tapes Market size was estimated at USD 8.11 billion in 2023 and expected to reach USD 8.45 billion in 2024, at a CAGR 4.26% to reach USD 10.87 billion by 2030.

Structural adhesive tapes are high-performance tapes designed to provide strong and durable bonds for various end-use applications. These tapes consist of a carrier material such as film and tissue coated with an adhesive that forms a stable bond between two surfaces while maintaining flexibility, strength, and long-term durability. Structural adhesive tapes are widely employed in several industries owing to their versatile nature. Some common applications include automotive assembly, aerospace manufacturing, construction, electronics manufacturing, appliance assembly, packaging, and signage. Rising technological advancements in adhesive materials and processes and increasing demand for lightweight materials in the aerospace and automotive sectors are driving the growth of the structural adhesive tapes market. Expanding urbanization with rising construction projects and growing consumer electronics require higher efficiency production methods, thereby elevating the demand for structural adhesive tapes. Stringent environmental regulations affecting the production and use of certain adhesive materials and the availability of alternative bonding techniques such as welding, riveting, and mechanical fasteners are hampering market growth. Growing nanotechnology advancements that support the development of innovative products with superior mechanical properties and adhesion performance are expected to create opportunities for market growth.

Regional Insights

High demand of structural adhesive tapes from industries such as automotive, aerospace, construction, and packaging contributes to the growth of the market in the Americas. Continuous innovations in material technologies and a constant push towards sustainability in using s in the Americas are leading to the development of novel adhesive solutions such as recyclable and bio-based materials. Countries in Europe exhibit growth potential for structural adhesive tapes, driven by stringent regulations on environmental sustainability and lightweight efforts in the automotive sectors. The Middle East showcases rising demand for advanced adhesive products in construction projects due to rapid urbanization. The availability of a strong manufacturing base across various end-user industries such as electronics, automotive, and consumer goods expands the scope of structural adhesive tapes in Asia-Pacific.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Structural Adhesive Tapes Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increasing demand for structural adhesive tapes in automotive and aerospace sector
• Growing use due to high strength and durability of structural adhesive tapes
• Applications of structural adhesive tapes in healthcare sector

Market Restraints

• Fluctuating cost of raw material required for production of structural adhesive tapes

Market Opportunities

• Advancements and improvements in bonding properties of structural adhesive tapes
• Introduction of multifunctional structural adhesive tapes

Market Challenges

• Environmental concerns associated with the production of structural adhesive tapes

Market Segmentation Analysis

• Resin Type: Growing preference for cyanoacrylate adhesive that offer substrate compatibility, and processing conditions
• Backing Material: Rising application of fabric-based tapes that offer superior strength and durability suited for heavy-duty industrial applications
• End-User: Emerging potential of structural adhesive tapes in automotive & transportation sector

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Structural Adhesive Tapes Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Structural Adhesive Tapes Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Lohmann launches new adhesive tape with exceptional “GRIP”

Lohmann Tape Group introduced DuploFLEX 5 GRIP, an adhesive tape specifically designed for the flexographic printing industry. This product offers a high grip to the sleeve, leading to increased press uptime while still allowing for easy demounting. Its development aims to provide a more process-safe and sustainable adhesive solution. By combining the viscoelastic properties of a polymer foam with a solvent-free pure acrylic adhesive, DuploFLEX 5 GRIP ensures excellent print quality and prevents issues such as edge lifting and plate damage during demounting. By utilizing 50 percent less solvent during coating, DuploFLEX 5 GRIP represents a significant step towards sustainability in comparison to traditional plate mounting tapes.

3M Launches Spunlace Extended Wear Adhesive Tape Solution

3M Company introduced the 3M Spunlace Extended Wear Adhesive Tape on Liner, 4576, a new adhesive tape designed for devices that require extended wear on the skin. This tape offers several benefits, including the potential for longer wear times, slimmer device profiles, and more. The tape utilizes an acrylate-based adhesive that is suitable for applications with up to a 21-day wear time. Additionally, it is flexible and conformable, ensuring a comfortable and secure fit. Its excellent adhesion to the skin is a result of a collaborative global effort, building on 3M's extensive 55 years of experience in adhesive technology.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Structural Adhesive Tapes Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Structural Adhesive Tapes Market, highlighting leading vendors and their innovative profiles. These include 3M Company, AE-Tronic (M) Sdn Bhd, Ashland Global Holdings Inc., Avery Denninson Corporation, Berry Global Inc., Compagnie de Saint-Gobain S.A., H.B. Fuller Company, Henkel AG & Co. KGaA, L&L Products, Lintec Corporation, Lohmann GmbH & Co. KG, Nitto Denko Corporation, Oribay Group Automotive, Scapa Group PLC, Scott Bader Company Ltd., SEKISUI CHEMICAL CO., LTD., Sika AG, SSA Europe Ges.m.b.H, Tesa Tapes (India) Pvt. Ltd., and The Dow Chemical Company.

Market Segmentation & Coverage

This research report categorizes the Structural Adhesive Tapes Market to forecast the revenues and analyze trends in each of the following sub-markets:

Resin Type

• Acrylics
• Anaerobic acrylics
• Cyanoacrylate
• Epoxies
• Silicones
• Urethanes
• Backing Material
• Fabric
• Filmic
• Foam
• Non-woven
• End-User
• Automotive & Transportation
• Building & Construction
• Electrical & Electronics
• Healthcare
• Renewable Energy

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year