Adhesive tape or packaging tape is accessible in two sorts – commodity and specialty tapes.
The covering innovations utilized as a part of double sided adhesive tape are dissolvable, water-based and hot-soften. Innovative progressions have prompted expanding interest for lightweight support materials during the last few years. Double adhesive tape has made room for itself in an extensive variety of utilizations like in the car, bundling and medicinal service sectors. The Adhesive Tapes Market is relied upon to expand at a tolerably high CAGR during the forecast period.
Scope & Regional Forecast of the Adhesive Tapes Market
The developing end-user enterprises, for example, bundling, car and gadgets have prompted quick growth for adhesive tape manufacturers during the last few years. Expanding buyer awareness relating to cleanliness combined with expanding disposable income has prompted fast growth for sticky tape in the healthcare segment, in this manner driving the Adhesive Tapes Market.
Also, the expanding construction sector is expected to prop up the interest for adhesive tape during the forecast period. Instability in crude material costs is required to be a noteworthy controlling element for the development of the Adhesive Tapes Market. Quickly expanding movement of manufacturing bases from developed regions to Asia Pacific is the greatest pattern in this market.
Asia Pacific is predicted to dominate the Adhesive Tapes Market throughout the forecast period. This is primarily ascribed to quick development in car industry in India and China. North America and Europe, being full grown markets are relied upon to witness drowsy development during the forecast period.
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.
Product Type: Commodity Tapes and Specialty Tapes.
Technology: Solvent-based, Water-based and Hot-melt.
Application: Packaging, Consumer Products, Healthcare, Electrical and Electronics, Automotive and Others.
Geography: North America, Europe, Asia-Pacific and Rest of the World.
Some of the key players involved in the Adhesive Tapes Market according to IndustryARC are as follows:
Henkel AG & Co. Kgaa
The 3M Company
Avery Dennison Corporation
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