Structural Adhesive Tapes Market Size and Share Analysis by Product Type (Single-Sided, Double-Sided), Backing Material (PVC, Paper, Woven/Non-Woven, PE, Foam, PP), Resin Type (Acrylic, Rubber, Silicone), End User (Automotive, Healthcare, Electrical & Electronics, Renewable Energy, E-Mobility), Technology (Solvet-Based, Water-Based, Hot-Melt, Reactive) - Global Industry Revenue Estimation and Demand Forecast to 2030

Structural Adhesive Tapes Market Statistics

Key Information Available in this Report

Market Players

Market Outlook

The structural adhesive tapes market generated revenue of USD 10,775.0 million in 2023, and it is expected to grow at a CAGR of 5.5% during the forecasted period, to reach USD 15,413.5 million by 2030. This is due to the increasing demand for high-quality and long-lasting tapes from the construction and automotive industries, rapid urbanization, growth in federal industries, and the reserve of raw materials.

• The structural adhesive industry is observing a transfer in preferences for adhesives from traditional fasteners. The industry discovers relevance in several end-use industries, such as healthcare, renewable energy, electrical & electronics, building and construction, e-mobility, and others.
• The continuous acquisition of micro-electronic and flatter devices is maintaining the ballooning of the application of adhesive tapes within the electrical & electronics sector.
• For instance, in October 2017, H.B. Fuller & Co. acquired Royal Adhesives & Sealants LLC for $1.6 billion. This purchase was focused on improving the company’s area of specialization and its high-value products that are used in the electronics, medical, transportation, renewable energy, and construction industries.
• The forecasts stipulate that the structural adhesive tapes market within the sector of hygiene and healthcare is composed to reveal the most considerable CAGR. This escalation can be ascribed to the rising geriatric population and the increasing cases of chronic diseases.
• Moreover, the worldwide industry of healthcare is observing towering requirements for hydrophilic films, in vitro diagnostics, oral dissolving films, and transdermal drug delivery patches, all are the components that provide growth to the structural adhesive tapes market.
• Besides this, the hiking requirements for strong, super quality, reliable, and accurate structural adhesive tapes and the enlargement of large-scale companies all over the world are forecasted to provide opportunities for manufacturers of structural adhesive tapes.
• In addition, the increasing number of mergers and acquisitions among players operating in the market is driving the demand.
• For instance, 3M acquired Acelity Inc. and its divisions of KCI, namely, Kinetic Concepts Inc., in October 2019, in Texas, the U.S. It is known as a renowned international digital healthcare company that has a specialty in particular application relating to surgery and wound management.
• Various automakers are investing money into the production of batteries to control the costs and enhance volume, while many such are associating with suppliers to boost their exposure to new developments in the technology of batteries and also increase flexibility. The batteries that are being used in vehicles may differ in various features, such as recharging time, speed, storage effectiveness, safety, reliability, cost, and consistent performance. Consequently, with the rise in the production of batteries, the requirement for structural adhesive tapes in wire harnessing, insulation, and other usages is forecasted to increase in the coming years.
• The business of structural adhesive tapes is booming in response to the developing requirement for the automotive with low weight. These structural adhesive tapes assist the vehicle to be lighter weight and also enhance the durability and reliability of the vehicle.
• Furthermore, regulations and norms of governments encourage the usage of structural adhesive tapes in automobiles.

Double-Sided Bonding Dominates the Market

Based on product type, the double-sided bonding category influences the market by holding the larger share, around 70%. This is because of its high usage in several applications such as bonding, mounting, and holding.

Moreover, these tapes are commonly utilized in different sectors such as commercial, residential, and industrial for the bonding and mounting of various components on doors, windows, wall casings, panels, decorative borders, and protective rails for furniture and walls.

In addition, development in the building and construction sector is the main factor for the increasing demand for double-sided tapes. This is also because double-sided bonding is an absolute solution for the usage on surfaces that are complex and where the underlayer to be bonded is required to withstand high levels of pressure before separating from the surface.

For instance, based on the report of Singapore's Ministry of Trade and Industry (MTI), the industry of construction observed a 2.5% growth in 2019, as compared to the previous year. Thus, these factors are boosting the utilization of double-sided tapes.

Two types of structural adhesive tapes are covered in this study:

• Single-Sided
• Double-Sided (Larger and Faster-Growing Category Market)

Acrylics Category Leads Within Resin Types

• Based on resin type, the acrylics category dominates the market with around 50% share. This is attributed to the shallow price of acrylic structural tapes and their high usage in industries such as healthcare and hygiene, electrical & electronics, and automotive.
• Also, these structural adhesive tapes are more beneficial, where regulations of the environment regarding solvent-based technology are rigid.
• These tapes are hugely in demand ascribing to their dominating properties such as physical & chemical, lower cost, and great strength of bonding to several surfaces, such as paper, plastic, metal, glass, and fabric.

Below listed resin types are covered in this market:

• Acrylic (Largest and Fastest-Growing Category Market)
• Rubber
• Silicone
• Others

PVC Category Holds the Largest Market Share

Based on the backing material segment, the PVC category holds the largest share, around 40%, of the structural adhesive tapes market. The material PVC (polyvinyl chloride) is a lifelong and vigorous building material, which is extensively utilized in various applications in several industries, such as automotive, construction, electronics, and healthcare.

This is ascribed to its physicochemical properties such as great comfortability, no flagging, super elasticity, sides with no stickiness, resistance from UV and weather ability, good moisture and chemical resistance, good sealing, and flame retardance (self-extinguishing).

Moreover, these tapes are non-toxic and offer resistance to humidity and UV rays. Also, they have fundamental flame-blocking and electrical insulation properties, owing to the nature of the polymer. These PVC tapes are perfect for insulating cable & marking and meeting the standards of international safety.

Whereas, the woven/non-woven is the fast-moving category based on backing material in the market. These tapes are pressure-sensitive and adhesive-backed by non-woven/woven fabrics including paper and polyester. These tapes also have a comparatively low thickness, which provides improved cohesion and better wetting.

In addition, woven/non-woven tapes are mostly utilized in the healthcare sector, where acrylics with medical grade, rubber, or silicon adhesives are used. These tapes are best possible for the attachment of devices such as wearables, medical, and wound care.

Different types of backing materials are covered in this publication:

• PVC (Largest Category Market)
• Paper
• Woven/Non-Woven (Fastest-Growing Category Market)
• PET
• Foam
• PP
• Others

Healthcare Dominates the Market

• Based on the end-user segment, the healthcare category leads the market. This is because of the growing population and insight into products in the sector of healthcare in emerging countries, the surging disposable income of people, developments in healthcare systems, and the rising cases of Western diseases.
• Whereas, the electrical & electronics category is expected to witness the fastest growth in the structural adhesive tapes market in the coming years. These tapes are used in this industry for several applications, which include insulation electrically to avert power surges and fires in EV batteries.
• These tapes can be utilized for the efficient management of thermal in LED lighting, PCB, EV cooling systems, and heat sinks in automobiles.
• The prime usages of structural adhesive tapes in EV batteries include the solution of bonding, thermal runaway protection, bonding of cell-to-cell, and compression pads. These tapes are widely used due to their attributes, such as dielectric strength and flame retardance.
• Moreover, the surging investment in this field is driving the market growth.
• For instance, the project California High-Speed Rail (CHSR) is publicly financed, valuing USD 77 billion, and is a high-speed rail system under establishment in the state of California, the U.S. It is expected to bridge the Anaheim Regional Transportation Intermodal Center in Anaheim and Union Station in Downtown Los Angeles.

There are many industries in which structural adhesive tapes are used for different applications:

• Automotive
• Healthcare (Largest Category Market)
• Electrical & Electronics (Fastest-Growing Category Market)
• Renewable Energy
• E-Mobility
• Others

APAC Is the Market Leader

Based on region, APAC holds the largest market of structural adhesive tapes, and the regional market is also expected to witness the fastest growth during the expected duration. This is attributed to the growing economy in the region, the surging investments in the areas including building & construction, healthcare, and automotive, the presence of key industry players, and the increasing adoption of advanced technologies in various sectors.

Deep-dive of below regions and countries are provided in this study:

• Asia-Pacific (APAC) (Largest and Fastest-Growing Regional Market)
  • China (Largest Country Market)
  • Japan
  • India (Fastest-Growing Country Market)
  • South Korea
  • Australia
  • Rest of APAC
• Europe
  • U.K. (Fastest-Growing Country Market)
  • France
  • Spain
  • Germany (Largest Country Market)
  • Italy
  • Rest of Europe
• North America
  • U.S. (Larger and Faster-Growing Country Market)
  • Canada
• Latin America (LATAM)
  • Brazil (Largest and Fastest-Growing Country Market)
  • Mexico
  • Rest of LATAM
• Middle East and Africa (MEA)
  • Saudi Arabia (Largest Country Market)
  • South Africa
  • U.A.E. (Fastest-Growing Country Market)
  • Rest of MEA

Structural Adhesive Tapes Manufacturers:

• 3M Company
• Nitto Denko Corporation
• LINTEC Corporation
• Henkel Group
• Dow Chemical Company
• Sika Group
• Scapa Group plc
• Ashland Inc.
• Tesa SE
• Avery Dennison Corporation
• Intertape Polymer Group Inc.
• Berry Global Inc.
• Saint-Gobain Group
• Lohmann GmbH & Co. KG
• H.B. Fuller