Global Adhesive Tapes Fact

Global Adhesive Tapes Fact

According to Tanalyze, the global adhesive tapes market is projected to experience a compound annual growth rate (CAGR) of 6.8% during the forecast period, reaching a projected value of USD 18.32 billion by 2029.

This report conducts an analysis of the segmentation of the global adhesive tapes market by product type for the forecast period. Key segments include pressure-sensitive tapes, heat-activated tapes, and water-activated tapes. The pressure-sensitive tapes segment has exhibited significant growth. Pressure-sensitive adhesives (PSAs) are characterized by their tackiness at room temperature, adhering firmly to substrates upon the application of finger or hand pressure. Common substrates include paper, plastic, glass, wood, cement, and metal. This segment is projected to reflect a CAGR of 5.1% during the forecast period (2024-2029).

The report also examines the global adhesive tapes market size across various raw material segments, including acrylic, rubber, silicones, epoxy, and polyurethane for the specified period. Projections indicate a continued upward trajectory, with the acrylic segment's market size expected to represent a CAGR of 5.8% during the forecast period from 2024 to 2029. Acrylic adhesives excel in high-heat applications, offering faster setting times and stronger bonds compared to rubber-based counterparts. They also provide resistance to solvents and demonstrate long-term aging properties.

Furthermore, the global adhesive tapes market can be segmented by end-user, encompassing packaging, consumer goods, automotive and transportation, electrical and electronics, construction, and others. The packaging segment exhibited growth from 2020 to 2023. Sustainability priorities and the rise of eCommerce are driving tape demand within the packaging industry. Packaging companies are increasingly focused on minimizing costs and optimizing material usage, seeking products and technologies that promote resource efficiency, with the market reflecting a CAGR of 6.1%.

In terms of geography, Asia-Pacific has emerged as the dominant player in the adhesive tapes market studied in 2023. Asia-Pacific stands as the dominant force in the global tapes market, driven by robust growth across various end-industries within the region. Factors such as substantial population growth, increasing disposable income, and rapid urbanization are accelerating demand in sectors including packaging, consumer electronics, automotive production, construction, healthcare, and hygiene products. This surge in demand is propelled by the preference for convenient and easily installable products. Following closely behind are North America and Europe.

Prominent vendors shaping competitive dynamics include 3M Company, Nitto Denko Corporation, Tesa SE, Lohmann GmbH & Co. KG, L&L Products Inc., Avery Dennison Corporation, Sika AG, Dow Chemical Company, Henkel AG & Co. KGaA, Scapa Group Ltd., PPM Industries S.p.A., among other players.

This study aims to analyze the global market for various segments of adhesive tapes, including:

Product Type: Pressure-Sensitive Tapes, Heat Activated Tape, and Water Activated Tapes.

Raw Materials: Acrylic, Rubber, Silicones, Epoxy and Polyurethane.

Function: Bonding Tapes, Masking Tapes, Transfer Tapes, and Others.

Technology: Water Based Tapes, Solvent Tapes, Hot Melt Tapes, and Others.

End-User: Packaging, Consumer Goods, Automotive and Transportation, Electrical and Electronics, Construction, and Others.

Region: North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA).