Global Adhesive Tapes Market Report by 2025 | Top Major Players 3M Company (U.S.), NITTO DENKO CORPORATION
Global Adhesive Tapes Market Report Providing An In-Depth And Top To Bottom Analysis By Market Size, Growth Forecast By Applications, Sales, Size, Types, And Competitors For The Creating Segment And The Developing Section Among The Global Adhesive Tapes Market. The Market Expansion Worldwide With Top Players Future Business Scope and Investment Analysis Report. Global Adhesive Tapes Market latest research report offers a complete analysis of the industry influencing driving factors, impacting trends and demand, competitive landscape and factors restraining the growth of the market.
Global Adhesive Tapes Market is expected to register a CAGR of the healthy rate in the forecast period 2018 to 2025. The new market report contains data for the historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Major Players: Global Adhesive Tapes Market
Some of the major players operating in this market are 3M Company (U.S.), NITTO DENKO CORPORATION (Japan) and among others.
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Segmentation: Global Adhesive Tapes Market
- By Resin Type (Acrylic, Rubber, Silicone, Epoxy, And Other),
- By Technology (Water-Based, Solvent-Based, Hot-Melt-Based),
- By Backing Material (Polypropylene, Paper, Polyvinyl Chloride, Polyester, Foam Tapes, Cloth Tapes, and Others),
- By Category (Commodity Adhesive Tapes and Specialty Adhesive Tapes),
- By Application (Packaging, Masking, Consumer & Office, Healthcare, Automotive, Electrical & Electronics, Paper & Printing, Building & Construction, Retail, and Others),
- By Geography (North America, South America, Europe, Asia-Pacific, Middle East, and Africa)
- To gain information about the top players in this industry, their product portfolios, and their key strategies.
- Key parameters which are driving this market and restraining its growth
- Comprehensive quantitative analysis of the industry is provided for the period of 2016-2023 to assist stakeholders to capitalize on the prevailing market opportunities.
- What all challenges manufacturers will face as well as new opportunities and threats faced by them.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
- Market drivers and restrains
- Key trends of the market
- Challenges of market growth
- Major players in the market
- CAGR values for the forecast period and historic years
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Drivers: Global Adhesive Tapes Market
Rising usage of adhesive tapes in diverse applications, increasing demand for adhesive tapes in Asia-Pacific, and extensive adoption of adhesive tapes due to ease of applicability is the prominent factors driving the growth of this market.
Rising usage of adhesive tapes in diverse applications
Adhesive tapes are designed to bind materials together. They are designed in such a way that each type is specific for a particular material. Some of these tapes are specific for binding metals while some are made for plastic materials. Some are even best with clothing materials and packaging industry. They permit substrates of various shapes, sizes and compositions to be joined together. With the use of adhesive tape, metals can be joined together easily without the fear of corrosion.
Due to increased demand for adhesive tapes in the various application such as packaging, automotive the companies are taking initiatives to innovate and make advancement in the field of adhesive tapes market, for instance, the company such as TESA SE manufactures tesa 4150 acrylic adhesive tape which is highly used for bumper and flange masking in automobile industry. Similarly, Nitto company manufactures adhesive tape No.7239 which is used as a masking tape for vehicle painting.
Hence, with the increasing use of adhesive tape in industries such as packaging, electrical insulation, sealing, and the automobile has automatically fuelled the market growth in the near future.
Increasing demand for adhesive tapes in Asia-Pacific
The Adhesives provide an added advantage of flexibility during the production process of automotive components which is not given by traditional manufacturing methods. A lot of workshops have been carried out for car assessment programs and crash tests to formulate that the vehicles which are bonded with adhesives perform better as compared to the welded vehicles.
Hence, with the increasing demand for adhesive tape in Asia-Pacific due to increasing demand for packaging in the food sector, automotive industries will be increasing the market for adhesive tapes.
Extensive adoption of adhesive tapes due to the ease of applicability
In the early ages, it has been found that certain naturally produced items were sticky and that this characteristic could be used to join things together. This discovery was done before mechanical fastening methods were discovered. The vulcanizing of rubber and refining of petroleum processes enabled adhesives to be developed that were better, stronger, easier to use and could be developed for specific applications. Adhesive tapes offer many advantages compared to other assembly methods such as glues, mechanical fixings etc.
Hence, with the ease of applicability and greater advantages of adhesive tapes globally will be nurturing the growth of the market.
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