Adhesive Tapes Market Growth is Set to Exhibit CAGR of 5.4% from 2021 to 2030

Based on the current demand and market trends for adhesive tapes, the worldwide market is anticipated to expand at a CAGR of 5.4% from 2020 to 2030. The worldwide market is expected to reach a total market value of USD 79.9 billion throughout this time.

The market items, including adhesives, are seeing a significant demand and expanded usage in several industrial applications as a result of the current environment and trends. As the industry has developed, there has been a significant rise in the incidence of environmental concerns among the target audience, and international governments are implementing regulating laws. The majority of the participating nations from across the world are investing in and embracing elaborate uses of adhesive tapes for various commercial applications. These market-driving trends are being supplemented by the involvement of worldwide producers and manufacturers in the development and production of adhesives, particularly during the forecast period ending in 2030.

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Regional Evaluation:
The adhesive tapes market in the APAC region is predicted to grow to become the largest. The market in this region is anticipated to develop at the quickest rate during the forecast period, which will conclude in 2028. Electrical and electronics developments and continued research and development are driving the APAC region’s rapid growth, which is then being followed by other sectors including the healthcare and automobile industries. China is anticipated to be the main contributor to the expanding adhesive tapes market value. Heavy industries and the sectors that produce consumer goods are primarily responsible for the region’s rapid expansion.

Market segmentation:

Based on the following essential criteria, the adhesive tapes market has been segmented into the worldwide market:

The adhesive tapes market is divided into the following categories based on resin type:

Rubber, Silicone, Acrylic, and Other [Butyl and EVA]

The adhesive tapes market is divided into the following categories based on the kind of backing:

Paper, Polyvinyl Chloride (PVC), Polypropylene (PP), and other materials including foam, fabric, metal, polyamide (PA), polyethylene terephthalate (PET), and polyethylene (PE)

The adhesive tapes market is divided into the following segments based on technology:

water-based, solvent-based, and hot-melt-based

The market for sticky tapes is divided into the following categories:

Specialty adhesive tapes, as well as standard adhesive tapes

The adhesive tapes market is divided into the following categories based on the end-use industry:

Consumer & Office Specialty Adhesive Tapes, Healthcare, Automotive, White Goods, Paper & Printing, Building & Construction, Retail, Others, Commodity Adhesive Tapes, Masking, Packaging (Defense, Food & Beverage, Wind Energy, Solar Energy, Sports, and Aerospace)

Key Players:
PPM Industries, Henkel AG & Co. KGaA, Nitto Denko Corporation, 3M, H.B. Fuller Company Tesa SE, Avery Dennison Corporation

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