|
(Health-NewsWire.Net, November 18, 2022 ) The global "Adhesive Tapes Market is estimated to grow from USD 60.4 billion in 2020 to USD 79.9 billion by 2025, at a CAGR of 5.7% during the forecast period. The need for advanced products in healthcare, electrical & electronics, and automotive industries has driven the demand for adhesive tapes.
Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=251563138
Adhesive tapes can be defined as a continuous, flexible backing material of cloth, cotton, fiber, paper, or metal which is coated on one or both sides with a tacky adhesive. Adhesive tape adheres to a variety of surfaces at the application of light pressure (finger pressure), with no phase change (liquid to solid). Backing material such as PP, paper, PVC, and others coated with acrylic, rubber, or silicone adhesives provide optimum strength for adhesive tapes. These tapes can be used in electricals & electronics, healthcare, automotive, white goods, paper & printing, building & construction, and retail sectors.
The demand for adhesive tapes has increased in the healthcare, electrical & electronics, automotive industries. In the healthcare industry, adhesive tapes are applied to surgical containers, monitoring electrodes, and other medical devices. Currently, these tapes are used in hospitals to cover wounds, for fixing cover shields during surgeries, and for cleaning purposes in antiseptic rooms. In the electrical & electronics industry, a wide range of adhesive tapes is used for special applications in the manufacturing and assembly of electronic components.
The silicone segment in the market is projected to grow at a higher rate than the acrylic and rubber segments because of its better adhesion properties. The performance of silicone adhesive tapes is excellent on low surface energy substrates. Silicone adhesive tapes consist of silicone polymers and are widely used in specific industrial applications such as electricals & electronics, healthcare, automotive, white goods, paper & printing, building & construction, retail, and applications involving extreme environments. These tapes are used in these applications in the form of process tapes and high-performance insulation laminates, wherein organic adhesive does not fulfill the requirements. These factors are expected to drive the demand for silicone-based tapes.
PP is the most popular backing material used in the manufacturing of adhesive tapes. PP (not oriented, oriented – OPP, monoaxially oriented MOPP, and biaxially oriented BOPP) film is elastic and resistant to humidity. One of the most important polyolefin films is biaxially oriented PP (BOPP) film. BOPP is used in a variety of applications such as food packaging and multi-purpose packaging. They have low hydrophilicity and do not allow printing by ink or wetting by adhesives. These tapes cater to a wide variety of applications in the fast-moving consumer goods (FMCG) sector, which is growing rapidly owing to increasing population and disposable income. In addition, the demand for adhesive tapes in the packaging industry is high because it is
used in various applications such as medium & heavy-duty carton sealing, gift wrapping & decoration, general-purpose repair, bundling & strapping, and stationery.
Don't miss out on business opportunities in Adhesive Tapes Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=251563138
Browse in-depth TOC on "Adhesive Tapes Market”
146 - Market Data Tables
66 - Figures
203 - Pages
In terms of region, the adhesive tapes market has been segmented into five regions, namely, APAC, North America, Europe, South America, and the Middle East & Africa. APAC is expected to record the highest growth rate during the forecast period. This region encompasses a diverse range of economies with different levels of economic development and a large variety of industries. Most of the industries in this region include manufacturing, mining, semiconductors, electronics, oil & natural gas, textile, automobile, financial services, pharmaceutical, and telecommunication. The healthcare, automotive, and electrical & electronics sectors are growing rapidly in tandem with the rising population, easy availability of low-cost labor, and economical & accessible raw materials such as adhesives, backing materials, and release liners. These factors are driving foreign investments, thereby increasing the production of adhesive tapes in the region. The key manufacturers are adopting strategies such as new product launches, mergers & acquisitions, and investments & expansions to tap the growing demand from end-use industries.
Major vendors in the adhesive tapes market include 3M Company (US), tesa SE (Germany), Nitto Denko Corporation (Japan), Lintec Corporation (Japan), Intertape Polymer Group (Canada), Avery Dennison Corporation (US), Lohmann GmbH (Germany), Berry Global Inc. (US), Scapa Group PLC (Canada), and Rogers Corporation (US).
Get Sample Pages of Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=251563138
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
MarketsandMarkets™
Mr. Aashish Mehra
1-888-600-6441
raviraj.tak@marketsandmarkets.com
Source: EmailWire.Com 
|
