DUBLIN--(BUSINESS WIRE)--ResearchAndMarkets.com added "Global Adhesive Tape Market, Resin Type, by Region; Trend Analysis, Competitive Market Share and Forecast, 2016-2026" to the products of ResearchAndMarkets.com.
The in-depth analysis of the report provides the global tape market size and predicted growth potential, upcoming trends and statistics. The report promises to provide the most advanced global tape market technology and industry insights to help decision makers make reasonable strategic decisions. In addition, the report analyzes market drivers, challenges and competition analysis.
By 2026, the global tape market is estimated to reach 85.9 billion U.S. dollars
The surge in disposable income, changes in people's lifestyles, and increased dependence on the use of electronic devices are expanding the sales of electronic devices in Asian countries. The miniaturization trend of electronic equipment, especially mobile phones, portable personal computers and tablet computers, is the core factor driving the international tape market.
Adhesive tapes are widely used in various automotive applications, such as wiring harnesses, electrical insulation and car body repair, masking and surface protection. The surge in the use of tape in automotive interior parts to provide better resistance and excellent adhesion may drive the tape market during the forecast period. Due to the wide application of tape in assembly, palletizing, carton sealing, strapping and general packaging, the demand for tape in the packaging end-use industry has been surging.
Double-sided tapes are expected to replace old-style sealing and bonding technologies because their stability, excellent surface adhesion and high shear strength lead to increased intake. A strong production base, rapid growth in the automotive industry, and the replacement of bolts, traditional fasteners, screws and rivets with tapes are expected to drive the tape market across the world.
Single-coated tapes occupied the global tape market in 2018. The single-coated tape contains an adhesive applied to one side of the support. The adhesive can be composed of silica gel, natural rubber or acrylic, and the backing material can be paper, foil, non-woven fabric, polymer film or high-count woven fabric. These tapes include masking tapes, medical tapes, carton sealing tapes, electrical adhesives and BOPP adhesives, which help the material adhere closely to the surface and the connection of two adjacent or overlapping materials.
The use of tape in various applications continues to increase
The extensive use of tape in various industries such as automobiles, food and beverages is an important factor driving market development. Automakers are gradually accepting tape instead of mechanical fasteners such as bolts and screws to reduce vehicle weight and improve fuel efficiency. The growth of the healthcare industry is another factor driving market growth. The industry mainly uses tape for wound care, assembling medical equipment, attaching electrodes to the skin, and securing protective shields during surgery.
In addition, skin-friendly tapes are widely used in the manufacture of baby and adult diapers. In addition, the growing demand for environmentally friendly water-based adhesive products, coupled with the introduction of recyclable adhesive tapes made of biodegradable polymers, has promoted the development of the market. In addition, the rising trend of online shopping is satisfying the demand for retail packaging and distribution materials, which has led to an increase in tape obligations across the field.
Increasing demand for tape in the Asia-Pacific region
Due to technological development, the Asia-Pacific region is expected to achieve considerable growth rates in the next few years. In addition, raw materials in the Asia-Pacific region are easily available, and manufacturing infrastructure is being developed according to the needs of various units. The Middle East and Africa are also important markets for tapes, as commercial and infrastructure activities in the region have increased significantly, and the current market saturation is low.
The Asia-Pacific region is an important major tape market and is expected to become the fastest growing market during the forecast period. The region is developing healthily due to continued R&D progress and other related activities in the healthcare, electrical and electronic, and automotive industries.
Major developments are expected in the tape market in developing economies such as South Africa, China, India, Brazil and Indonesia. In contrast, more developed markets such as the United States, Germany, Japan, and the United Kingdom have experienced slow or no growth during the forecast period. China may be a major contributor, mainly due to high demand in heavy industry and consumer goods manufacturing.
Socio-economic growth has promoted the development of the country's global tape market. In addition, the low cost of raw materials and the easy availability of cheap labor have prompted an increase in the production of low-cost tapes in the Asia-Pacific region, which has provided funds for the development of the tape market in the region.
Some of the leading companies operating in the global tape market are 3M Corporation (U.S.), Tesa SE (Germany), Nitto Denko Corporation (Japan), Lintec Corporation (Japan), Intertape Polymer Group (Canada), Avery Dennison Corporation (U.S.), Lohmann GmbH (Germany), Berry Global Inc. (USA), Scapa Group PLC (Canada) and Rogers Corporation (USA), 3M Company (USA) and other well-known companies.
4. Insights into the global tape industry
5. Overview of the Global Adhesive Tape Market
5.1. 2016-2026 market size and value forecast
6. North American tape market
9. Latin American tape market
10. Middle East and Africa tape market
(Company profile, financial matrix, key product landscape, key personnel, key competitors, contact address and strategic outlook)
For more information about this report, please visit https://www.researchandmarkets.com/r/bqdusl
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call 353-1-416-8900
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call 353-1-416-8900