Structural Adhesive Tapes Market by Resin Type (Acrylic, Rubber, Silicone), Backing Material, End-Use Industry (Automotive, Healthcare, Electronics & Electrical, Renewable Energy, E-Mobility, Building & Construction), & Region - Global Forecast to 2028

Structural Adhesive Tapes Market by Resin Type (Acrylic, Rubber, Silicone), Backing Material, End-Use Industry (Automotive, Healthcare, Electronics & Electrical, Renewable Energy, E-Mobility, Building & Construction), & Region - Global Forecast to 2028

The structural adhesive tapes market size is projected to reach USD 13.0 billion by 2028 at a CAGR of 4.1% from USD 10.3 billion in 2022. The need for structural adhesive tapes is growing due to increased awareness about personal and hygiene products, infrastructure growth, and electronic equipment upgrades. Producers are focusing more on imparting thermal and weather-resistant features in tapes.

“ Silicone is the fastest-growing resin type segment of structural adhesive tapes market.”

Silicone structural adhesive tapes consist of silicone polymers and are widely used in specific applications in electricals & electronics, healthcare, automotive, and others involving extreme environments. These are used in process tapes and high-performance insulation laminates, where organic adhesive does not fulfill the requirements. R&D is required to widen the use of silicone-based structural adhesive tapes in varied applications, as these have lower peel adhesion than synthetic rubber and acrylic. However, the performance of silicone structural adhesive tapes is excellent on low surface energy substrates.

“ PVC accounted for the largest backing material segment of structural adhesive tapes market.”

The PVC is the largest backing material segment in the overall market. The fastest-growing market for PVC structural adhesive tapes is in developing countries, particularly in the electrical and electronics industries. It finds application in several end-use industries such as automotive, construction, electronics, and healthcare, among others. Thus, with the growth of end-use industries worldwide, the demand for PVC-based structural adhesive tapes is expected to increase in the upcoming years.

“Healthcare, by end-use industry accounted for the largest segment of structural adhesive tapes market.”

In the healthcare industry, structural adhesive tapes are applied on surgical containers, monitoring electrodes, and other medical devices. One of the most popular medical applications of structural adhesive tapes is the fixing of electrodes for electrocardiogram examination and other medical equipment. The global hygiene market is expanding due to innovative products which are thinner, more breathable, and absorbent. Structural adhesive tapes are used in the manufacture of disposable infant diapers, feminine hygiene, and adult incontinence products. The release liners used in these products have high tear and tensile strength due to optimum fiber content and good formulation.

“Asia Pacific, by region is forecasted to be the fastest segment of structural adhesive tapes market during the forecast period.”

Asia Pacific has been the most favorable destination for the manufacturers of structural adhesive tapes, even during the global economic slowdown. Environmental and health & safety regulations drive the use of structural adhesive tapes in the electrical & electronics, healthcare, automotive, and other industries in the region. The leading global players are shifting their production base, establishing sales offices, and enhancing distribution channels to developing regions, including Asia Pacific, which offers sustained demand to increase their profit margins.

Breakdown of Primary Interviews:

By Company Type: Tier 1 – 55%, Tier 2 – 30%, and Tier 3 – 15%

By Designation: C Level – 21%, D Level – 23%, and Others – 56%

By Region: North America – 15%, Europe – 27%, Asia Pacific – 45%, South America- 7%, and the Middle East & Africa – 6%

The key companies profiled in this report are 3M Company (US), Avery Dennison Corporation (US), Nitto Denko Corporation (Japan), tesa SE (Germany), and Lintec Corporation (Japan).

Research Coverage:

The structural adhesive tapes market has been segmented based on Resin Type (Acrylic, Rubber, Silicone, and Others), Backing Material (PVC, Paper, Woven/Non-woven, PET, Foam, PP, and Others), Product Type (Single-sided bonding, Double-sided Bonding), Technology (Solvent-based, Water-based, Hot-melt, and Reactive), End-Use Industry (Automotive, Healthcare, Electrical & Electronics, Renewable Energy, E-Mobility, Building & Construction, and Others), and by Region (Asia Pacific, Europe, North America, South America, and Middle East & Africa).

Reasons to Buy the Report

From an insight perspective, this research report focuses on various levels of analyses — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the market; high growth regions; and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:

Analysis of key drivers (improvement in healthcare systems in emerging countries, increasing use of structural adhesive tapes in electric vehicles, and growing use of structural adhesive tapes in diverse end-use industries), restraints (volatility in raw material prices, strong competition from commodity tape market, and fluctuating silicone prices impact market growth), opportunities (european green deal will support growth of adhesives tapes market innovation in electro-mobility will propel demand for customized product, and upcoming expansion of battery gigafactories in key ev manufacturing hubs), and challenges (implementation of stringent regulatory policies and intense competition in the market posing challenge to new entrant) influencing the growth of the structural adhesive tapes market.

Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the market

Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the market for structural adhesive tapes across regions

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market

Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the market.