Adhesive tapes market is increasing significantly as there is increased utilization of these tapes for different packaging applications such as electronic, electrical & eCommerce, and others. Adhesive tapes are also called as pressure sensitive tapes, self-sticking tapes or sticky tapes. The application of these tapes includes packing and binding of products associated with food and beverages, e-commerce industry and healthcare industry. The major players of the market are focused towards various strategies such as merger & acquisition, partnership & collaboration to boost the market share of the respective companies across the globe. The overall market growth is influenced by the benefit of these tapes as they are nature-friendly and are not harmful to the environment.
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One of the major factors that drive the adhesive tapes market includes the expansion of the automotive industry. The tapes used in this market possess adhesive properties and has applications in the form of protection tapes and double-sided tapes. The conventional way of assembling vehicles includes mechanical fasteners screw, bolts, and nuts that increases the weight of the vehicle. To avoid such problems, yet maintaining strict quality standards, these adhesive tapes are extensively used in the interiors to assemble the plastics and hold the upholstery together. These adhesive tapes are also used in some of the vehicles exterior components as well. There is a reduced need for welding and with future electric mobility on the rise, weight reduction and voltage shielding would be a top priority for car manufacturers. As the reduction in weight has become a vital part of vehicle design and with tightened government regulations for lower carbon emissions, these products are progressively substituted by lightweight adhesive solutions.
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Additionally, the electronic industry, medical industry, and the healthcare industry influence the growth of adhesive tapes industry. In the healthcare and medical industry, the application of these tapes includes covering wounds, cleaning wounds, to fix post-surgery cover shield and even utilized to monitor electrodes. The benefits of these tapes include cost efficiency, ease of handling and desired performance. In the electronic industry, the adhesive tapes have applications in tablets, notebooks, OLED (organic light-emitting diode) technologies, displays, wearables, smartphones, and TVs. These tapes have the minimal thickness and are utilized to balance out electrical potential, connect metallic conductor tracks, and discharge static charges & housing parts to each other safely.
The major market players of adhesive tapes market include 3M Company, Lohmann GmbH & Co. KG, Nitto Denko Corporation, Tesa SE, Avery Dennison Corporation, Intertape Polymer Group Inc., LINTEC Corporation, Shurtape Technologies LLC, Scapa Group plc, and Nichiban Co. Ltd. These players aim at developing adhesive tapes of advanced material such as perfect fit tapes, allergy-free tapes for sportspersons. The player 3M Company is a US-based company that offers a huge range of adhesive tapes to the customers. Its product includes Scotch Vinyl Mastic Tape 2200, Scotch Rubber Mastic Tape 2228, Scotch Vinyl Color Coding Electrical Tape 35, Scotch Varnished Cambric Tape 2510 and others.
The global adhesive tapes market is expected to grow at a significant rate. The adhesive tapes market is dominated by Asia-pacific and is expected to continue. The factors such as easy availability of raw material and manufacturing facilities are increasing owing to the increase in market size. The major market for adhesive tapes is Japan which includes enormous production of appliances and healthcare products. The growth of packaging industries in countries such as India, China, and Japan contribute to the rising demand for adhesive tapes resulting in increased market share. Moreover, as China is a leader in manufacturing automobiles across the globe, the adhesive tapes industry will grow significantly.
In 2018, leading healthcare business services Arsenal Capital Partners acquired Epoxy technology Inc. The focus of this acquisition includes building better strategies for adhesives and sealant business. Moreover, the companies will offer proprietary solutions to a customer base across the globe.
Global Adhesive Tapes Market -Segmentation
By Technology
- Water-Based
- Hot Melt
- Solvent-Based
By Application
- Packaging
- Healthcare
- Electrical & Electronics
- Automotive
- Others (Retail)
Adhesive Market Segmentation by region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East and Africa
- Latin America
Company Profiles
- 3M Co.
- Ad Tape & Label
- AMD Medicom Inc.
- Andover Healthcare, Inc.
- Avcor Healthcare Products Inc.
- Avery Dennison Corp.
- Braun Melsungen AG
- BSN Medical GmbH
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