Adhesive Tapes Market touched USD 59.3 Billion in 2019 and is estimated to reach USD 90.0 Billion in 2027, the market is forecast to grow at a CAGR of 6.1% during 2020 to 2027.

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Market Dynamic

Key Drivers and Emerging Trends

Growing adoption of adhesive tapes by automotive producers as an alternative to mechanical fasteners like screws and bolts to reduce vehicle weight and enhance fuel-efficiency is one of the major factors driving the adhesive tapes market growth. As per the Office of Energy Efficiency & Renewable Energy, U.S. Department of Energy, states that lightweight components and high-efficiency engines can decrease the consumption of fuel by 5 billion gallons annually by 2030. Further, leading market players are increasingly investing in research and development activities to incorporate heat and weather resistance features in these tapes, which will contribute to the market growth. Expansion across the e-commerce sector has proliferated the use of adhesive tapes, thereby, driving the global adhesive tapes market growth.

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Technology – Segment Analysis

Water-based segment is predicted to grow at a higher CAGR during the forecast period, owing to the growing demand for environment-friendly adhesives. Further, increasing application of water-based technology in the building & construction industry owing to its remarkable features including temperature flexibility, resistance, and bond strength, will strengthen the adhesive tapes market share.

End-Use Industry – Segment Analysis

Healthcare end-use industry is anticipated to witness a faster CAGR over the forecast period. The need for a safe and reliable packaging solution due to the sensitive nature of medical instruments has augmented the use of adhesive tapes in healthcare industry.
Automotive industry is expected to grow at a faster CAGR over the forecast period, owing to the growing use of tapes in place of nut bolt fasteners to reduce the vehicle weight. Also, the welding, bolting, and soldering features of adhesive tapes make them suitable for several applications, including interior, exterior, and under the bonnet of the car.

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Region – Segment Analysis

Asia-Pacific region is projected to expand at a faster CAGR over the forecast period. Expansion in healthcare industry across the Asia Pacific Region has increased the demand for traditional wound care products such as adhesive tapes and first-aid kits driving the market growth. Increasing investment in building & construction, automotive, and electrical & electronics industries and economic expansion will propel the regional growth.

Top Market Players

The leading adhesive tape manufacturers around the world are NITTO DENKO CORPORATION, Tesa Tapes Private Limited, Intertape Polymer Group, LINTEC Corporation, Lohmann GmbH & Co.KG, Scapa Group plc, Berry Global Inc., Rogers Corporation, AVERY DENNISON CORPORATION, and 3M, among others.

Key Developments

• • In 2022, Tesa established a new plant in the Vietnamese port city of Haiphong by investing EUR 55 million which will produce 40 million square meters every year which will be completed by 2023.
  • In April 2021, Schweitzer-Mauduit International Inc. (SWM) acquired Scapa Group Ltd, a leading producer for adhesive tapes. This acquisition is intended to expand the product portfolio.
  • In 2020, 3M launched 3M Hi-Tack Silicone Adhesive Tapes, next-generation silicone adhesives featuring longer wear times, heavier devices, and provides a safer adhesion.
  • In 2019, NITTO DENKO CORPORATION innovated a Bisono Tape 2mg with efficacy in atrial fibrillation, which facilitates finer adjustments of dose in atrial fibrillation treatment. It helps patients with problems in swallowing oral medication by improving medication adherence.

Segments covered in the Report:

The global adhesive tapes market has been segmented on the basis of resin type, technology, end-use industry, and regions. Based on resin type, the market is segmented into acrylic-based adhesive tapes, rubber-based adhesive tapes, silicone-based adhesive tapes, and others. Based on technology, the market is segmented into water-based, solvent-based, and hot-melt based. Based on end-use industry, the market is segmented into commodity adhesive tapes and specialty adhesive tapes. The commodity adhesive tapes segment is further segmented into packaging, masking, and consumer & office. The specialty adhesive tapes segment is further segmented into electrical & electronics, healthcare, automotive, white goods, paper & printing, building & construction, retail, and other end-use industries. 

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Key questions answered in this research report:

• • At what pace is global adhesive tapes market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in adhesive tapes market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global adhesive tapes market?
  • Which resin type generated maximum revenues in 2019 and identify the most promising resin type during the forecast period?
  • What are the various technology areas of global adhesive tapes market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2019)	USD 59.3 Billion
Market Base Year	2019
Market Forecast Period	2020-2027
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Resin Type, By Technology, By End-Use Industry, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	3M, NITTO DENKO CORPORATION, Tesa Tapes Private Limited, Intertape Polymer Group, LINTEC Corporation, Lohmann GmbH & Co.KG, AVERY DENNISON CORPORATION, Scapa Group plc, Berry Global Inc., Rogers Corporation, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Adhesive Tapes Market by Resin Type

• • Acrylic-Based Adhesive Tapes
  • Rubber-Based Adhesive Tapes
  • Silicone-Based Adhesive Tapes
  • Other Adhesive Tapes

Global Adhesive Tapes Market by Technology

• • Water-Based
  • Solvent-Based
  • Hot-Melt Based

Global Adhesive Tapes Market by End-Use Industry

• • Packaging
  • Electrical & Electronics
  • Healthcare
  • Automotive
  • Building & Construction
  • Retail
  • Others

Global Adhesive Tapes Market by Region

• • North America Adhesive Tapes Market (Option 1: As a part of the free 25% customization)
    • By Resin Type
    • By Technology
    • By End-Use Industry
    • US Market All-Up
    • Canada Market All-Up
  • Europe Adhesive Tapes Market (Option 2: As a part of the free 25% customization)
    • By Resin Type
    • By Technology
    • By End-Use Industry
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Adhesive Tapes Market (Option 3: As a part of the free 25% customization)
    • By Resin Type
    • By Technology
    • By End-Use Industry
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Adhesive Tapes Market (Option 4: As a part of the free 25% customization)
    • By Resin Type
    • By Technology
    • By End-Use Industry
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Adhesive Tapes (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • 3M
  • NITTO DENKO CORPORATION
  • Tesa Tapes Private Limited
  • Intertape Polymer Group
  • LINTEC Corporation
  • Lohmann GmbH & Co.KG
  • AVERY DENNISON CORPORATION
  • Scapa Group plc
  • Berry Global Inc.
  • Rogers Corporation