Adhesive Tapes Market Scope
Adhesives tapes is a combination of a material and an adhesive film and used to join or bond objects together instead of using screws, fasteners, or welding. Applying adhesive tapes instead of mechanical fasteners allows using lower temperature applications that can simplify the manufacturing processes. Additionally, adhesive tapes can protect surface area since there is no need to damage the surface by using fasteners or screws. Adhesive tapes are the best solutions for automated product production, whereas liquid adhesives are messy and time-consuming because they need to be sprayed or rolled onto the surface before bonding takes place. Presently, adhesive tape manufacturers are concentrating on increasing repulpability, the recyclability of paper adhesives, and compostability, the adhesive's ability to biodegrade. While several repulpable mills are already in operation, there are few compost-treatment sites.
According to AMA, the Global Adhesive Tapes market is expected to see growth rate of 6.4%Adhesive Tapes market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that United States, German, and Japanese Vendors will contribute to the maximum growth of Global Adhesive Tapes market throughout the predicted period.
3M (United States), Nitto Denko (Japan), Tesa SE (Beiersdorf AG) (Germany), Lintec Corp. (Japan), Intertape Polymer Group (Canada), Shurtape Technologies (United States), Avery Dennison (Yongle) (United States), Achem (YC Group) (Taiwan), Scapa (United Kingdom) and Teraoka (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are ORAFOL Europe GmbH (Germany), Stokvis Tapes (Germany), Avatack., Ltd (Taiwan), Shanghai Smith Adhesive (China), Wida Tech Printing Co., Ltd. (Taiwan), Zhongshan Crown Adhesive (China) and Limpet Tapes Limited (United Kingdom).
Segmentation Overview
The study have segmented the market of Global Adhesive Tapes market by Type (Pressure-Sensitive Adhesive, Hot-Melt Adhesive, Water-Based Adhesive and Solvent-Based Adhesive), by Application (Automotive, Building & Construction, Packaging, Electrical & Electronics, Healthcare, Household Appliances and Others) and Region with country level break-up.
On the basis of geography, the market of Adhesive Tapes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Taiwan, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Shift From Petroleum-Based To Water-Based Adhesive Tapes
Market Growth Drivers:
The Growing Demand for Adhesive Tapes from Automotive Industry and Wide Acceptance Due to Ease of Applicability of Adhesive Tapes
Restraints:
Volatility in Raw Material Prices
Opportunities:
The Emerging Demand from Various End User Industries
Market Leaders and their Expansionary Development Strategies
On 1 April 2019, 3M, a leading adhesive tapes manufacturer announced it has added 3M Extended Wear Medical Transfer Adhesive, 4075 to its lineup of advanced adhesives for medical devices. Designed to laminate many substrates, 3M medical transfer adhesive, 4075 features an extended wear pressure sensitive transfer adhesive and allows design engineers to use a variety of backings. 3M medical transfer adhesive, 4075 offers excellent initial skin adhesion with up to 14-day wear time, depending on the backing material used.
On 22 Aug 2017, Specialty film converter Orafol Europe GmbH has expanded in the United States by acquiring high-end film producer Rowland Technologies Inc. and On 13 Feb. 2017, Shurtape Technologies, LLC, an industry-leading producer of pressure-sensitive tapes, announced the acquisition of Syntac Coated Products, LLC, a designer and manufacturer of specialty adhesive coated products.
Key Target Audience
Adhesive Tapes Manufacturers, Adhesive Tapes Raw Material Suppliers, Adhesive Tapes Traders/Distributors, Adhesive Tapes Importer/Exporter, Regulatory & Government Bodies, End Users and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.