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Adhesive Tapes Market Size, Share & Industry Analysis, By Type (Pressure-Sensitive, Water-Activated, Heat-Sensitive, and Others), By Adhesion Technology (Solvent-Based, Water-Based, Hot-Melt Based, and Others), By Resin (Acrylic, Rubber, Silicone, and Others), By Base Material (Paper, Woven or Non-woven, Polypropylene (PP), Polyvinyl Chloride (PVC), and Others), By End-use Industry (Packaging, Automotive, Electrical & Electronics, Building & Construction, Healthcare, Shipping & Logistics, Retail, and Others), and Regional Forecast, 2024-2032

Last Updated: July 01, 2024 | Format: PDF | Report ID: FBI102722

 

KEY MARKET INSIGHTS

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The global adhesive tapes market was valued at USD 76.19 billion in 2023. The market is projected to grow from USD 80.20 billion in 2024 to USD 127.50 billion by 2032, exhibiting a CAGR of 5.97% during the forecast period. Asia Pacific dominated the adhesive tape market with a market share of 35.06% in 2023.


The adhesive tapes market refers to the manufacturing, distribution, and sale of various types of tapes that utilize adhesive substances to stick to surfaces. These tapes are used for a wide range of applications in different sectors, including packaging, construction, automotive, electrical, healthcare, and consumer goods. They are versatile and come in various forms, such as pressure-sensitive tapes, double-sided tapes, masking tapes, electrical tapes, and duct tapes, among others, helping tapes increase the market size. The market encompasses both industrial and consumer segments, with manufacturers producing tapes tailored to specific requirements such as strength, durability, and adhesion properties for different applications, augmenting the market share.


The COVID-19 pandemic had a significant impact on various industries including the adhesive tapes market. Overall, while the market has experienced challenges due to the pandemic, it has also observed opportunities in certain sectors, such as healthcare and packaging. With the surge in demand for medical supplies and Personal Protective Equipment (PPE), there has been a significant increase in the use of the product in the manufacturing of medical devices, surgical masks, and other healthcare products. This has led to a boost in sales for these tapes used in medical applications, helping the market recover from the initial setback faced due to lockdowns, travel restrictions, and temporary closures of manufacturing facilities.


Adhesive Tapes Market Trends


Advanced Functionalities, Specialized Applications, and Sustainability are Emerging as Key Trends in the Market


As industries evolve and demand more tailored solutions, manufacturers are innovating to meet specific performance requirements. One area of innovation is the development of tapes with enhanced durability and performance characteristics. For example, tapes designed for extreme environments, such as high temperatures or harsh chemicals, are gaining traction in industries such as aerospace, electronics, and the automotive sector. In addition, advancements in nanotechnology are driving the development of nano-engineered tapes with unique properties. Nanomaterials, such as graphene or carbon nanotubes, can be incorporated into adhesive formulations to enhance strength, conductivity, or barrier properties.


With increasing environmental concerns and regulations aimed at reducing carbon footprint, manufacturers are focusing on developing tapes that are more sustainable throughout their lifecycles. One of the key trends driving this shift is the development of bio-based adhesives derived from renewable sources such as plant-based materials. These adhesives offer comparable performance to traditional petroleum-based adhesives while reducing reliance on finite fossil fuel resources. These factors are expected to drive the adhesive tapes market growth over the forthcoming years.


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Adhesive Tapes Market Growth Factors


Increasing Demand in Healthcare and Medical Applications is Fueling the Growth of this Market


The healthcare and medical sectors have emerged as major factors driving growth of the market, especially in the wake of the COVID-19 pandemic. Adhesive tapes play a crucial role in medical device assembly, wound care, surgical procedures, and patient monitoring applications. The growing demand for medical tapes is driven by several factors, including an aging population, rising healthcare expenditures, and advancements in medical technology.


In addition, there is a growing focus on infection prevention and control measures in healthcare settings, driving the demand for antimicrobial and hypoallergenic products. These tapes help minimize the risk of infections and allergic reactions, making them essential for medical applications where hygiene and patient safety are paramount.


Technological Advancements and Product Innovations are Becoming Key Market Drivers


Advancements in material technology are driving innovation within the market. Manufacturers are continuously investing in research and development to introduce innovative products with enhanced properties and functionalities. These advancements aim to address evolving customer needs, improve performance, and expand the application scope of the product across various industries. One of the key areas of innovation is the development of high-performance adhesive tapes with advanced bonding capabilities. This includes tapes with improved adhesion to a wide range of substrates, such as low-surface-energy materials and textured surfaces.


In addition, advancements in coating and surface modification technologies are enabling the production of specialty tapes with unique properties, such as anti-fouling, anti-static, and self-healing capabilities. These specialty tapes find applications in niche markets such as medical devices, electronics, and specialty packaging, driving continued growth and innovation within the industry.


RESTRAINING FACTORS


Environmental Concerns and Raw Material Price Volatility May Hinder Market Growth


There is growing pressure on industries to adopt more sustainable practices and reduce their environmental footprint. Adhesive tapes, particularly those made from non-biodegradable materials or containing harmful chemicals, may face scrutiny from consumers and regulatory bodies. Companies in the market need to invest in eco-friendly alternatives and sustainable manufacturing processes to mitigate these concerns. Fluctuations in the prices of these raw materials can significantly impact production costs and profit margins for manufacturers, potentially leading to increased prices for these tapes and decreased demand from consumers.


Adhesive Tapes Market Segmentation Analysis


By Type Analysis


Pressure Sensitive Tapes Lead Owing to its Ease of Application


Based on type, the market is segmented into pressure-sensitive, water-activated, heat-sensitive, and others.


Pressure-sensitive tapes dominate the market fueled by their ease of application. They do not require any additional activation process, such as heat or water, making them convenient for a wide range of applications. Users can apply pressure to the tape so it adheres to the surface, saving time and effort. Pressure-sensitive tapes are highly versatile and can be used across diverse industries and applications. From packaging and sealing to masking and bonding, these tapes find applications in various sectors, including automotive, construction, healthcare, electronics, and consumer goods.


The water-activated segment is the second-largest segment in this market. While the pressure-sensitive segment holds a dominant position, Water-activated Tapes (WATs) also play a significant role in the market. Moreover, water-activated tapes, also known as gummed tapes or paper tapes, require water to activate the adhesive before application.


By Adhesion Technology Analysis


Solvent-Based Adhesive Tapes Dominate With its High Initial Tack and Temperature Resistance Properties


Based on adhesion technology, the market is segmented into solvent-based, water-based, hot-melt based, and others.


Solvent-based tapes hold a dominant position in the market. Solvent-based tapes typically exhibit high initial tack, allowing for immediate bonding upon application. This characteristic is advantageous in applications where fast assembly or adhesion is required. In addition, these tapes often exhibit good temperature resistance, maintaining their adhesive properties even under fluctuating temperature conditions. This makes them suitable for applications subjected to temperature variations, such as automotive and outdoor signage.


The hot-melt based is the second most dominant segment in this market. Hot-melt tapes offer fast processing, environmental benefits, and excellent bond strength, particularly on porous substrates.


By Resin Analysis


Acrylic Resins Secures Top Spot with its Chemical Resistance and Adhesion to Different Surfaces of Acrylic Tapes


Based on resin, the market is segmented into acrylic, rubber, silicone, and others.


Acrylic resin holds the largest share of this market. Acrylic tapes demonstrate good resistance to many chemicals, oils, and solvents, enhancing their suitability for applications in harsh industrial environments where exposure to chemicals is a concern. These tapes adhere well to a wide range of substrates, including metal, glass, plastic, and painted surfaces. Their strong initial tack and bond strength make them suitable for bonding dissimilar materials in various industries such as manufacturing, electronics, and aerospace.


Rubber is the second dominating segment in this market. Rubber tapes are often highly flexible and conformable, allowing them to bond well to irregular surfaces and maintain their adhesion even under stress or movement.


By Base Material Analysis


Paper Tapes’ Domination Led by its Environmental Friendliness and Cost-effectiveness


Based on base material, the market is segmented into paper, woven or non-woven, Polypropylene (PP), Polyvinyl Chloride (PVC), and others.


Paper tapes hold the largest market share. With increasing awareness about environmental sustainability, paper tapes have gained popularity due to their eco-friendly nature. They are typically made from renewable resources such as wood pulp and are biodegradable, making them a greener alternative to plastic-based tapes. Moreover, paper tapes are generally more cost-effective compared to other types of adhesive tapes, such as cloth or plastic tapes. This makes them a preferred choice for businesses looking to reduce packaging costs or for individuals seeking economical solutions for their projects.


The woven or non-woven is the second dominating segment in this market. Woven or non-woven tapes are known for their strength and durability, making them suitable for applications that require high tensile strength and resistance to tearing or stretching. They are commonly used in heavy-duty packaging, reinforcing seams, and bundling.


By End-use Industry Analysis


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Electrical & Electronics End-use Industry Leads Driven by Critical Applications, Miniaturization of Electronics, and Growing Usage in Component Assembly


Based on end-use industry, the market is segmented into packaging, automotive, electrical & electronics, building & construction, healthcare, shipping & logistics, retail, and others.


Electrical & electronics industry holds the largest adhesive tapes market share in end-use industry. The electrical & electronics industry demands high-performance adhesive tapes due to the critical nature of their applications. These tapes are used for insulation, protection, and bonding in various electronic components, circuits, and devices. They must possess specific characteristics such as heat resistance, electrical insulation properties, and durability to withstand harsh operating conditions. Adhesive tapes provide a clean and efficient alternative to traditional bonding methods such as soldering, allowing for precise assembly of electronic components without damaging delicate substrates.


The packaging is the second dominating segment in this market. The packaging industry is one of the largest consumers of these products, utilizing them for sealing, securing, and reinforcing packages during storage, transportation, and handling. Adhesive tapes offer a convenient and reliable solution for sealing a wide range of packaging materials, including cardboard boxes, plastic containers, and flexible packaging.


REGIONAL INSIGHTS


The market is analyzed across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.


Asia Pacific Adhesive Tapes Market Size, 2023 (USD Billion)

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Asia Pacific holds the largest share of the global market. The region is witnessing a shift toward high-performance tapes in industries such as electronics, automotive, and construction, contributing to the region's dominant market share.


North America is the second dominating region in the market. The region is a mature market for adhesive tapes, characterized by high adoption across various end-use industries such as automotive, electronics, packaging, and healthcare.


Europe, after North America, is also one of the dominant regions and is expected to attain substantial growth over the coming years. The European market observes a demand for products made from sustainable and recyclable materials. The emphasis on reducing the use of plastics and adopting reusable alternatives drives product innovation.


Latin America is experiencing economic development driven by a growing market for the product and increasing investments in infrastructure development, automotive manufacturing, and consumer goods production.


The Middle East & African adhesive tapes industry is estimated to attain a moderate growth rate during the forecast period, driven by infrastructure development, construction activities, and increasing investments in manufacturing sectors.


List of Key Companies in Adhesive Tapes Market


Few Key Companies Lead By Providing Innovative Packaging


The global adhesive tapes market is highly fragmented and competitive. In terms of market share, the few major market players dominate the market by offering innovative packaging in the packaging industry. These major players in the market are constantly focusing on expanding their customer base across the regions and innovation.


Major players in the market include 3M Company, Avery Dennison Corporation, Saint-Gobain Tape Solutions, Berry Global Inc., Nitto Denko Corporation, tesa SE, and others. Numerous other players operating in the industry are focused on delivering advanced packaging solutions.


LIST OF KEY COMPANIES PROFILED:



  • 3M Company (U.S.)

  • Avery Dennison Corporation (U.S.)

  • Saint-Gobain Tape Solutions (France)

  • Berry Global Inc. (U.S.)

  • Nitto Denko Corporation (Japan)

  • tesa SE (Germany)

  • Sicad Group (Italy)

  • ORAFOL Europe GmbH (Germany)

  • Lohmann GmbH & Co. KG (Germany)

  • LINTEC Corporation (Japan)

  • Scapa (U.K.)

  • Advance Tapes International (U.K.)

  • IPG - Intertape Polymer Group (U.S.)

  • Shurtape Technologies, LLC (U.S.)

  • Symbio, Inc. (Taiwan)


KEY INDUSTRY DEVELOPMENTS:



  • February 2024 – Avery Dennison Performance Tapes introduced a new portfolio of Pressure-Sensitive-Adhesive (PSA) tape solutions for the appliance industry. With the addition of these products, users now have access to nearly forty products designed for use in various applications, including refrigerators, freezers, ovens, stovetops, dishwashers, dryers, and washers.

  • September 2023 – IPG® (Intertape Polymer Group) introduced the new 170e water-based acrylic pressure-sensitive carton sealing tape, designed with 30% recycled film. 170e is one of several new product launches that support and contribute to IPG’s sustainability and circularity goals.

  • February 2023 – 3M introduced a new adhesive tape that can stick to the skin for up to 28 days for use with medical monitors, sensors, and wearables. This is a significant improvement over the industry's standard wear time of 14 days.

  • January 2023 – Lohmann launched its new high-tech adhesive tape portfolio, which offers low-emission and low-odor products for bonding in vehicle interiors and is also produced in an energy-efficient manner.

  • July 2022 – Nitto Denko Corporation completed the acquisition of all shares of four of Mondi’s companies. The company is continuing as a new organization named “Advanced Film Solutions Division,” carrying on the personal care business and its business with its subsidiaries.


REPORT COVERAGE


An Infographic Representation of Adhesive Tape Market

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The research report provides a detailed analysis of the market and focuses on key aspects such as prominent companies, competitive landscape, product/service types, Porter’s five forces analysis, and leading end-use industries of the product. Besides this, it offers insights into the market trends and highlights key industry developments. In addition to the above factors, the report encompasses several factors that have contributed to the market's growth in recent years.


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REPORT SCOPE & SEGMENTATION

























































ATTRIBUTE



DETAILS



Study Period



2019-2032



Base Year



2023



Estimated Year



2024



Forecast Period



2024-2032



Historical Period



2019-2022



Growth Rate



CAGR of 5.97% from 2024 to 2032



Unit



Value (USD Billion) and Volume (Billion Sq.m.)



Segmentation



By Type



  • Pressure-Sensitive

  • Water-Activated

  • Heat-Sensitive

  • Others



By Adhesion Technology



  • Solvent-Based

  • Water-Based

  • Hot-Melt Based

  • Others



By Resin



  • Acrylic

  • Rubber

  • Silicone

  • Others



By Base Material



  • Paper

  • Woven or Non-woven

  • Polypropylene (PP)

  • Polyvinyl Chloride (PVC)

  • Others



By End-use Industry



  • Packaging

  • Automotive

  • Electrical & Electronics

  • Building & Construction

  • Healthcare

  • Shipping & Logistics

  • Retail

  • Others



By Region



  • North America (By Type, By Adhesion Technology, Resin, Base Material, End-use Industry, and Country)

    • U.S. (By Type)

    • Canada (By Type)



  • Europe (By Type, By Adhesion Technology, Resin, Base Material, End-use Industry, and Country)

    • Germany (By Type)

    • France (By Type)

    • U.K. (By Type)

    • Spain (By Type)

    • Italy (By Type)

    • Russia (By Type)

    • Poland (By Type)

    • Romania (By Type)

    • Rest of Europe (By Type)



  • Asia Pacific (By Type, By Adhesion Technology, Resin, Base Material, End-use Industry, and Country)

    • China (By Type)

    • India (By Type)

    • Japan(By Type)

    • Australia (By Type)

    • Southeast Asia (By Type)

    • Rest of the Asia Pacific (By Type)



  • Latin America (By Type, By Adhesion Technology, Resin, Base Material, End-use Industry, and Country)

    • Brazil (By Type)

    • Mexico (By Type)

    • Argentina (By Type)

    • Rest of Latin America (By Type)



  • Middle East & Africa (By Type, By Adhesion Technology, Resin, Base Material, End-use Industry, and Country)

    • Saudi Arabia (By Type)

    • UAE (By Type)

    • Oman (By Type)

    • South Africa (By Type)

    • Rest of the Middle East & Africa (By Type)








Frequently Asked Questions

The Fortune Business Insights study shows that the global market was USD 76.19 billion in 2023.

The global market is projected to grow at a CAGR of 5.97% during the forecast period.

Asia Pacific market size stood at USD 26.71 billion in 2023.

Based on type, the pressure-sensitive segment dominates the global market share due to ease of application.

The global market size is expected to reach USD 127.50 billion by 2032.

The key market driver is increasing demand in healthcare and medical applications.

The top players in the market are 3M Company, Avery Dennison Corporation, Saint-Gobain Tape Solutions, Berry Global Inc., Nitto Denko Corporation, tesa SE, and others.

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