Water-Based Adhesive Specialty Tapes Market: Current Analysis and Forecast (2022-2028)

Water-Based Adhesive Specialty Tapes Market: Current Analysis and Forecast (2022-2028)

Water-Based adhesive specialty tapes also known as the water-borne adhesive is a type of adhesive that is created from soluble synthetic or natural polymers. They can be made from natural or man-made materials and are developed using a combination of water, polymers, and additives. They are ideal for porous or non-porous substrates. These adhesives may be formulated as solutions and are activated as the water evaporates or is absorbed by the substrate. In addition, they are utilized in a variety of applications, including paper and packaging, tapes, and labels, building and construction, and automotive and transportation, because of their flexibility and rapid setting time. Furthermore, water-based adhesive specialty tapes are highly used in the healthcare industry. Its certain applications are surgical tapes and waterproof tapes, for covering incisions and wounds. These tapes have antigenic properties, and they hold tightly onto the skin, bandage, or dressing material.

The Water-Based Adhesive Specialty Tapes Market is expected to grow at a steady rate of around 6% owing to the variety of its essential qualities such as endurance, flexibility, and cost-effectiveness. Major companies in the market offer water-based adhesive specialty tapes for consumers within the automotive industry for efficient, reliable manufacturing processes and aesthetically pleasing, durable bonds. For instance, in August 2020, Bostik SA launched a water-based adhesive, namely Aquagrip 3720, for automotive interior assembly applications.

• Based on resin type, the market is segmented into acrylic polymer emulsion (APE), polyvinyl acetate (PVA) emulsion, polyurethane dispersion (PUD), vinyl acetate-ethylene (VAE) emulsion, and styrene-butadiene (sb) latex. The PVA emulsion category is to witness higher CAGR in the coming years as it produces clear, hard films that have good weather resistance and can withstand strong resistance against environmental forces, water, grease, oil, and petroleum fuels. In addition, PVA emulsions have a high initial tack, an almost-invisible bond line, softening at 30–45 °C, good biodegradation resistance, and low cost. Furthermore, polyvinyl acetate (PVA) emulsions have high excellent adhesion and convenience, it is widely used as an adhesive for paper and woodwork. It is even used as a household adhesive/glue after being re-packaged into smaller containers
• Based on application, the market is segmented into automotive, electrical & electronics, construction, healthcare, logistics, and electric vehicles. The healthcare category is to witness significant growth during the forecast period. With the increasing incidence of chronic and acute diseases, injuries, burns, and other health issues, the healthcare sector is growing. It has certain applications such as surgical tapes and waterproof tapes, for covering incisions and wounds. In addition, these tapes have antigenic properties, and they hold tightly onto the skin, bandage, or dressing material. Hence, the rise in the demand for medical products, advancements in technology, and growing investment in the healthcare industry are expected to drive the growth of the market for water-based adhesive specialty tapes in the coming years
• For a better understanding of the market adoption of the water-based adhesive specialty tapes industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, The United Kingdom, France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Asia-Pacific is anticipated to grow at a substantial CAGR during the forecast period. Due to the high demand for traditional wound care products such as dry dressings, first-aid kits, and adhesive bandages in the region. In addition, due to expanding automotive, healthcare, and electrical and electronics sectors, complemented by the economic growth and rise in disposable income, is driving the growth of the market in the region. Major players are also contributing to the growth of the market. For instance, in November 2020, Pidilite Industries, an Indian adhesives manufacturing company acquired Huntsman Corporation to add very strong adhesives to the market. Furthermore, Government is also investing and contributing to the development of the sector. For instance, According to National Institution for Transforming India (NITI) Aayog, the Indian healthcare industry size is expected to touch $372 billion by 2022
• Some of the major players operating in the market include 3M Company, Nitto Denko Corporation, Tesa SE, LINTEC Corporation, Shurtape Technologies LLC, Lohmann GmbH & Co. KG, Intertape Polymer Group Inc., Ashland Global Holdings Inc., Henkel AG & Co. KGaA, H.B. Fuller Company