Adhesive Tapes Market expected to grow at a CAGR of 6.26% with Industry Size, Share and Rising Trend till 2022


Posted May 17, 2019 by armaan007

Adhesive Tapes Market was valued at USD 48.56 Billion in 2016 and is projected to reach USD 69.42 Billion by 2022

 
[169 Pages] Report Adhesive Tapes Market was valued at USD 48.56 Billion in 2016 and is projected to reach USD 69.42 Billion by 2022, at a CAGR of 6.26% during the forecast period. In this study, 2016 has been considered as the base year, and the forecast period is between 2017 and 2022. The report aims at estimating the size and growth potential of the adhesive tapes market across different segments, such as resin type, technology, backing substrate, category, application, and region. Factors such as drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the adhesive tapes market have also been studied in this report. The report analyzes opportunities in the adhesive tapes market for stakeholders and presents a competitive landscape of the market.

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3M Company (US), Nitto Denko Corporation (Japan), Tesa SE (Germany), Lintec Corporation (Japan), Intertape Polymer Group, Inc. (Canada), Avery Dennison Corporation (US), Shurtape Technologies, LLC (US), and Scapa Group Plc (UK) are some of the key players operating in the adhesive tapes market.

Based on technology, the hot-melt segment of the adhesive tapes market is expected to grow at the highest CAGR during the forecast period. Hot-melt technology provides the advantage of high strength and immediate bond, which makes them ideal for a variety of applications, such as building & construction, automotive, white goods, and electrical & electronics. Benefits of using hot-melt technology include excellent adhesion, quick set and ease of use, and fast processing.

 Based on backing substrate, the paper segment of the adhesive tapes market is expected to grow at the highest CAGR during the forecast period. Smooth or crepe paper with different elongation degrees and tensile strengths are used as backing materials for adhesive tapes. The raw paper used as a backing material is treated with latex to improve its chemical and physical properties. Paper-based adhesive tapes are available in different grades and are used in a variety of applications, especially as masking tapes.

 Based on application, the healthcare segment of the adhesive tapes market is expected to grow at the highest CAGR from 2017 to 2022. The growth of the healthcare segment can be attributed to the rising incidences of wound infections and increasing awareness regarding advanced medical technologies.

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