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Report Code: CM10868
Category : Paints, Sealant, Coatings and Adhesives
The global adhesive tapes market is segmented on the basis of coating technology, material, application and region. On the basis of coating technology, adhesive tapes are segmented into dispersion-based, hot-melt-based and solvent-based. On the basis of material, adhesive tapes are classified into polypropylene-backed adhesive tapes, paper-backed adhesive tapes and polyvinyl chloride-backed adhesive tapes. On the basis of application, the adhesive tapes market is segmented into packaging, consumer and office, healthcare, automotive, electric and electronic, and building and construction.
The demand for adhesive tapes remains high in healthcare, electrical and electronic, building and construction, and automotive industries, due to their performance and properties. This factor is expected to drive the growth of the global adhesive tapes market. Additionally, the growing demand for adhesive tapes is backed by availability of a flexible carrier in tapes, which supports with a layer of adhesive which gets stuck to substrates at the room temperature with the help of a contact under light pressure.
On the basis of coating technology, solvent-based coating technology reports huge demand from packaging, automotive, and building and construction industries. The hot melt-based coating technology is used in the packaging application, due to its adhesion and durability, while the dispersion-based technology is used in the healthcare application.
On the basis of backing materials, polypropylene is the growing backing material in the global adhesive tapes market. Since, on the face of it, there is rising demand for adhesive tapes from healthcare, electrical and electronic, and building and construction industries.
On the basis of application, healthcare application is growing on account of increase in demand from hydrophilic films, transdermal patches vitro diagnostics and oral dissolvable from developing countries, such as China and India.
Geographically, the global adhesive tapes market has been segmented into Asia-Pacific, North America, Europe, and Rest of the world. In North America, the U.S. is the major market for adhesive tapes on account of notable growth in building and construction activities. The Asia-Pacific region, including India and China, is also showcasing positive growth in building and construction activities, thereby showing potential for growth in its market for adhesive tapes.
Though, the global adhesive tapes market is showcasing positive growth, few factors such as volatility in raw material prices and restrictions on the usage of harmful chemicals act as restraints for the growth of the global market.
The leading companies in the global adhesive tapes market include 3M, Nitto Denko, Tesa SE, Avery Dennison Corporation, Henkel AG & Company, KGaA, Intertape Polymer Group, Lintec Corporation, and Scapa Group Plc.
By Coating Technology
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