Adhesive Tape Market Size, Share & Industry Analysis, 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), By Base Material (Paper, Polypropylene (PP), Polyvinyl Chloride (PVC), Others), By End-Use Industry (Automotive & Transportation, Electrical & Electronics, Paper & Packaging) and Regional Forecast, 2024-2032

Adhesive tapes are a combination of a base material and an adhesive film, that is utilized to bond and fasten two objects together instead of using bolts or welding. The base material and the adhesives are selected based on their application requisites. These tapes eases the packaging of products as they can hold the layers of packaging products together, making transportation of products easier. Usage of adhesive tapes in place of mechanical processes enables low-temperature functioning which eases many industrial processes. Tapes also facilitate the protection of surfaces, not only from damage and fasteners or screws but also from paints and coatings by providing a temporary interface between the two layers. Adhesive tapes may be single sided or double-sided, i.e. resin is present on either of the sides, as per the requirement of the end-user.

Emergence of e-commerce, especially in developing countries, has created an enormous demand for packaging materials to keep the products safe from wear and tear during processing, packaging, and transportation phases. Packaging products need to be attached and sealed so that the product is safe inside, and thus, in turn, have created a heavy demand for adhesive tapes. Furthermore, adhesive tapes also facilitate bonding of two broken pieces which reduces the pressure on the raw materials for manufacturing various products. This factors in itself creates a strong growth pathway for the adhesive tapes market.

Key Market Driver -

Strong augmentation of e-commerce resulting to be the stepping stone for the adhesive tapes market growth

Key Market Restraint -

Fluctuations in raw material costing adversely affecting the business of market players

The pricing of both resins and base materials affects the pricing of the product and in the recent past, the pricing of materials such as paper, rubber and silicone has grown considerably. Such pricing fluctuations in the raw materials used in manufacturing adhesive tapes have seriously dented the growth of the market.

Market Segmentation:

Based on type, the market for adhesive tapes is segmented into pressure-sensitive, water-activated, heat-sensitive, and others. Based on adhesion technology the market is segmented into solvent-based, water-based, hot-melt based, and others. Based on resin, the market is divided into acrylic, rubber, silicone, polyurethane, and others. Based on base material, the adhesive tape market is segmented into paper, polypropylene (PP), polyvinyl chloride (PVC), and others. Based on end-use industry, the market is segmented into automotive & transportation, electrical & electronics, paper & packaging, building & construction, consumer, healthcare, and others.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global adhesive tape market is fairly fragmented, with a number of global & regional players operating. Some of the key players in the adhesive tape market includes 3M, Tesa SE, Pioneer Corporation, Bemis Company, Inc., Avery Dennison Corporation, Berry Global Inc., JDC Solutions, Inc., Halco, H.B. Fuller, Advance Tapes International, Shurtape Technologies, LLC, 3F GmbH, Gergonne Industrie, Symbio, Inc., and other key players.

Key Insights

• Key Emerging Trends – For Major Countries


• Key Developments: Mergers, Acquisition, Partnership, etc.


• Latest Technological Advancement


• Insights on Regulatory Scenarios


• Porters Five Forces Analysis

Regional Analysis:

The adhesive tape market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia-Pacific region dominates the adhesive tape market in terms of both consumption and production. The adhesive tape market is anticipated to witness increasing demand from China, India and other countries of the Asia Pacific region. The augmentation of e-commerce, automotive, healthcare, and other industries across the region will facilitate the market to achieve impetus during the forecast period.

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North America is expected to account for a considerable share of the adhesive tapes market. Major manufacturing sectors such as consumer products and healthcare companies are present in the U.S and are increasingly using adhesive tapes. Europe holds a prominent share in the global adhesive tapes market due to the high demand for adhesive tapes from the electronics and automotive industries in the region. The surge of food packaging industry in the Middle East and Africa is expected to drive the market for adhesive tapes in the region, while the paper & packaging industry will be leading the growth in Latin America.

Segmentation

Adhesive Tape Market Developments

• In July 2019, H.B. Fuller Company sold its surfactants, thickeners, and dispersants business to Tiarco, LLC, a wholly-owned subsidiary of Textile Rubber and Chemical Company, Inc. for US$ 71 million. The company plans to use the sales proceeds for debt reduction and to strengthen its focus on highly specialized adhesive solutions.


• In July 2019, Berry Global acquired RPC Group Plc for US$ 6.5 billion. The acquisition made Berry Global a leading global supplier for value-added protective solutions and one of the largest plastic packaging companies.


• In April 2018, Tesa’s subsidiary plant Sparta LLC completed the expansion of its production plant with an investment of US$ 20 million and started production of strapping tapes and acrylic adhesives to strengthen its position in North America.