Industry Background:
Hot melt adhesive is defined as the hot glue, which is a form of thermoplastic adhesive. It is used widely for the high-speed case, carton sealing as well as can run continuously without having to stop product to re-load material. In industrial use, hot melt adhesives tapes provide numerous advantages as compared to solvent-based adhesive such as long shelf life and after the initial investment, it typically cost around 60-80% less than packaging tape.
The Global Hot Melt Adhesive Tapes market presents a comprehensive analysis of the Hot Melt Adhesive Tapes market by product type (Commodity Tapes and Specialty Tapes), by end-user/application (Packaging, Consumer & DIY, Masking and Healthcare & Hygiene), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. The key Vendors profiled in the report are The 3M Company (United States), Nitto Denko Corporation (Japan), tesa SE (Germany), Avery Dennison Corporation (United States), Intertape Polymer Group Inc. (Canada), Shurtape Technologies, LLC (United States) and Scapa Group plc (United Kingdom). Additionally, other players that are part of this comprehensive study are LINTEC Corporation (Japan), ACHEM Technology Corporation (Taiwan) and TE Connectivity Ltd (Switzerland).
Attributes | Details |
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Study Period | 201-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 201-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | The 3M Company (United States), Nitto Denko Corporation (Japan), tesa SE (Germany), Avery Dennison Corporation (United States), Intertape Polymer Group Inc. (Canada), Shurtape Technologies, LLC (United States) and Scapa Group plc (United Kingdom) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rising Demand for Pressure Sensitive Industries that Use Hot Melt Adhesives
Market Growth Drivers:
Increasing Adoption of Hot Melt Adhesive Technology and Rising Use of Hot Melt Adhesive Tapes in Diverse Applications such as Packaging, Consumer & DIY, among others
Challenges:
Limited Use in High-Temperature Applications
Restraints:
Lower thermal Resistance Than Solvent-Based as well as Water-Based Adhesive Tapes and High Volatility in Raw Material Prices Leading in order to Fluctuation in Demand for Hot Melt Adhesive Tapes
Opportunities:
Growing Packaging Market in Emerging Economies countries such as China, India, Brazil, Malaysia, among others
Regional Breakdown and Segment Analysis
This section of our report presents a realistic picture of the Global Hot Melt Adhesive Tapes industry. Investors and manufacturers can easily understand the inherent opportunities and challenges for their products in the geographical region of interest. For instance, while the Asia-Pacific holds majority of market share of the Hot Melt Adhesive Tapes
The Adhesive Resin, such as Rubber, is boosting the Hot Melt Adhesive Tapes market and is anticipated to experience a steady growth during the forecast period.
The Backing Material, such as PP, is boosting the Hot Melt Adhesive Tapes market and is anticipated to experience a steady growth during the forecast period.
The Tape Type, such as Single-Sided Tape, is boosting the Hot Melt Adhesive Tapes market and is anticipated to experience a steady growth during the forecast period.
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global hot melt adhesive tapes market can witness an upsurge in the forecast period
The regional segmentation covered in this report are:
South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)