The Hot Melt Adhesive Tapes Market size is projected to grow at a CAGR 6.49% rate during the forecast period.
Growing use of hot melt adhesive tapes in diverse applications, also the increasing adoption of hot melt adhesive technology together are expected to lead to the growth of the market.The rubber segment is projected to hold the largest share in 2024 owing to its use in major hot melt adhesive tapes. Rubber possesses characteristics of high tack and peel strength, due to their ability to bind well with several non-polar, low-energy surfaces, including polyethylene, and PP. The resulting tapes possess high peel strength, versatility in a formulation, and good electrical and thermal insulation properties. The rubber-based adhesive tapes are cost effective compared to the silicone- and acrylic-based adhesive tapes.
APAC is predicted to be the largest and fastest-growing region, in terms of both volume and value. Rising household income and the fast-growing middle-class population are expected to boost the demand in packaging and DIY, among other applications, in the hot melt adhesive tapes market.
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1. Hot Melt Adhesive Tapes Market, By Adhesive Resin Type
1.1. Rubber
1.2. Silicone
1.3. Others (Polyamide, Polyolefin, and Polyurethane)
2. Hot Melt Adhesive Tapes Market, By Backing Material
2.1. Polypropylene
2.2. Polyesters
2.3. Others
3. Hot Melt Adhesive Tapes Market, By Tape Type
3.1. Single-sided tape
3.2. Others (double-sided tape, transfer tape)
4. Hot Melt Adhesive Tapes Market, By Product Type
4.1. Commodity tapes
4.2. Specialty tapes
5. Hot Melt Adhesive Tapes Market, By Application
5.1. Packaging
5.2. Consumer & DIY
5.3. Masking
5.4. Healthcare & Hygiene
5.5. Others (Electrical & Electronics, Building & Construction, and Automotive)
6. Hot Melt Adhesive Tapes Market, By Region
6.1. North America
6.2. Europe
6.3. Asia Pacific
6.4. Rest of World
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