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The global adhesive tapes market is anticipated to grow at a steady pace in the years ahead, thanks to increased knowledge amongst competitors about the benefits of adhesive tapes. As a result of many research and development initiatives, the application of these tapes has grown in popularity, and the market appears to be expanding at a rapid pace. The new trend of using adhesives instead of rivets, screws, and other fastening or attaching methods has been propelling the global adhesive tapes market forward. Furthermore, there is a growing need for lightweight cars, which is again fueling the demand for adhesive tapes. In addition, the fact that adhesives are environmentally benign and do not affect the environment contributes to the growth of the adhesive tapes industry worldwide.
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CMS Group of Companies, Lohmann GmbH & Co.KG., Advance Tapes International, Surface Shields, and NICHIBAN Co., Ltd. are some of the companies in the global adhesive tapes market.
The global adhesive tapes market is expected to grow at more than 6.5 % CAGR over the forecast period, from 2019 to 2027. The increasing usage of these tapes in industries such as manufacturing and automobiles has also contributed to the expansion of the market. Adhesive tapes are used in a variety of purposes in these sectors, including repairing leaks, installing dashboards, and more.
Driven by Increasing Demand for Adhesive Tapes in China, Asia Pacific to Register High Growth
In terms of region, the global adhesive tapes market is classified into the principal regions of Latin America, Middle East and Africa, Asia Pacific, Europe, and North America. It is anticipated that regional classifications would provide a better knowledge of the market dynamics at play at the regional level.
The global adhesive tapes market has long been led by Asia-Pacific, and this growth is projected to continue throughout the forecast period, from 2019 to 2027. Due to the massive manufacturing of health-care items and appliances, Japan is one of the most important regions in the global adhesive tapes market.
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The expanding packaging sector in nations such as India, Japan, and China are projected to boost the demand for adhesive tapes even further. The China state council recently unveiled the ‘Made in China 2025’, a 10-year manufacturing strategy, which concentrates on high equipment production in different categories such as appliances, automobiles, appliances, and so on. The demand for adhesive tapes in this country is projected to increase as a result of this. As a result of the aforementioned reasons, it is clear that the demand for adhesive tapes in the Asia-Pacific region will continue to rise in the years to come.
Extensive Use in the Automobile Industry to Shoot Up Demand in the Market
Instead of utilizing welding, screws, and nails, adhesive tape is a mix of an adhesive film and a material that is utilized to join or attach items together. Adhesive tapes allow it to be used at ambient temperature whilst also protecting the surface area.
With rising state as well as state demands for reduced carbon emissions, improved performance, passenger safety, weight reduction, and greater passenger comfort has become a crucial component in design of vehicles. The demand for more efficient and lighter designs necessitates the development of more efficient and smaller power systems. UV radiation, temperature variations, salt spray, and moisture are all things that automotive adhesive tapes are intended to endure. Due to the improved features of adhesive tapes, such as vibration absorption and acoustic insulating qualities, there has been a considerable reduction in the quantity of noise within the car. PSA (pressure sensitive adhesive) tapes are commonly employed to bind the exterior vehicle skin to the structural support in transportation systems and specialized vehicles. As a result, the global adhesive tapes market is anticipated to grow significantly throughout the forecast period, owing to the rapid growth in demand from the automotive industry around the world.
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The information shared in this review is based on a TMR report, bearing the title, “Adhesive Tapes Market (Products – Single Coated, Double Coated, Transfer Tape, and Foam Tape; Composition – Acrylic, Rubber, and Silicone; Backing Materials – Polypropylene, Paper, and Polyvinyl Chloride; End Users – Health Care, Building & Construction, Consumer Goods, Automotive, and Graphics) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027”
The global adhesive tapes market is segmented based on:
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