The Adhesive Tapes Market deals with the development, manufacture and distribution of adhesive tape varieties like the adhesive strips and the industrial double sided tape. An adhesive tape can be described as any variety of backing materials which have been smeared with an adhesive. Different combinations of adhesives and backing materials can be used for applications which suit them.
The Adhesive Tapes Market commonly puts out a tape in two types: a commodity tape and a specialty tape. Various types of tape like the safety tape or pressure sensitive tape have the ability stick to or attach themselves to a diverse set of surfaces at the room temperature.
Scope & Regional Forecast of the Adhesive Tapes Market
The primary growth driver for the Adhesive Tapes Market has been the demand from the packaging industry. The easy availability, low price and diverse set of uses for varieties like the packaging tape and safety tape have only served to increase the demand across the world. The building and construction industry is yet another major player as pressure sensitive tapes are employed to secure the holding of roofs, insulation, etc. Safety tapes are also a common find in construction sites to keep roaming civilians away from dangerous locations.
The packaging as well as the food & beverage sectors are huge revenue contributors to the Adhesive Tapes Market. The rapid growth of E-Commerce has skyrocketed the demand for popular packaging tapes like the sealing tape and adhesive strips. Adhesive tape manufacturers have also faced a demand for even more lightweight backing materials. This has spurred a fresh round of investment in the industrial double sided tape.
The Adhesive Tapes Market also faces a few challenges in the form of stringent environmental regulations regarding paper-based adhesive tapes. Continuing deforestation cannot be expected to continue any longer as climate change fears are set to have an influence on adhesive tape manufacturers.
The Asia-Pacific is predicted to dominate the Adhesive Tapes Market till at least 2021 as the region is a manufacturing hub for the growing automotive industry. North America and Europe lag behind it as both markets are currently saturated and their future growth is expected to be sluggish.
Segmentations & Key Players involved in the Adhesive Tapes Market
According to IndustryARC findings, the Adhesive Tapes Market can be broken down into various segmentations on the basis of –
Material Type: Polyvinyl Chloride, Polypropylene, Paper and Others.
Technology: Solvent-based, Water-based and Hot-melt.
Application: Packaging, Consumer Products, Healthcare, Electrical and Electronics, Automotive and Others.
Some of the key players involved in the Adhesive Tapes Market according to IndustryARC are as follows:
- Nitto Denko Corporation
- LINTEC Corporation
- Lohmann GmbH & Co.KG
- Scapa Group plc
- tesa SE
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