during the forecast period The major factor driving the adhesive tapes market includes the increase in demand from end-use industries such as packaging, healthcare, electrical & electronics, and automotive.
New York, Dec. 16, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Adhesive Tapes Market by Resin Type, Technology, Backing Material, End-Use Industry and Region - Global Forecast to 2026" - https://www.reportlinker.com/p04214600/?utm_source=GNW
These adhesive tapes have wide acceptability due to factors such as low cost and easy availability, as compared to its substitutes—staples and glue.
Based on resin, the acrylic segment is expected to lead the adhesive tapes market during the forecast period.
Based on resin, the acrylic segment accounted for the largest share of the adhesive tapes market in 2020.The acrylic resin has a high demand owing to its advantageous physical and chemical properties, lower cost, and applications in various end-use industries such as packaging, transportation, and healthcare.
Acrylic-based adhesive tapes are suitable in solvent- and water-based technologies because they offer higher resistance to other solvents, chemicals, and water. Water-based acrylic adhesives are the least expensive among all the resins used in the adhesive tapes industry.
Based on end-use industry, the healthcare segment is expected to lead the adhesive tapes market during the forecast period.
Healthcare is the fastest-growing industry of specialty adhesive tapes.Aging population; rising occurrences of chronic diseases; and high demand for in vitro diagnostics, hydrophilic films, transdermal patches, and oral dissolvable films are expected to drive the specialty adhesive tapes market globally.
The healthcare industry is witnessing rapid changes due to the emergence of new and advanced technologies and increasing digitization in both, paper and provider segments.Adhesive tapes are used in the manufacturing of disposable infant diapers, feminine hygiene, and adult incontinence products.
The release liners used in these products have high tear and tensile strength due to optimum fiber content and good formation.
The adhesive tapes market in the APAC region is projected to witness the highest CAGR during the forecast period.
The Asia Pacific adhesive tapes market in the healthcare industry is projected to grow at the highest CAGR during the forecast period.This growth is attributed to the high demand for traditional wound care products such as dry dressings, first-aid kits, and adhesive bandages in the region.
The increasing awareness about advanced wound care is expected to drive the demand for new products in this region.Growth in the region is majorly attributed to the high economic growth rate followed by significant investments across various industries such as automotive, healthcare, electrical & electronics, and building & construction.
Various companies such as Nitto Denko (Japan) and Ajit Industries (India) are setting up new plants or expanding their existing adhesive tape production units in the region. The advantages of shifting production to the Asia Pacific are the low cost of production and the ability to better serve the local emerging markets.
• By Company type: Tier 1 – 60%, Tier 2 – 30%, and Tier 3 – 10%
• By Designation: C Level – 40%, Director Level – 50%, and Others – 10%
• By Region: North America – 32%, Europe – 21%, APAC – 32%, South America – 5%, and Middle East & Africa – 10%
The adhesive tapes market comprises major solution providers, such as 3M Company (US), tesa SE (Germany), Nitto Denko Corporation (Japan), Lintec Corporation (Japan), Intertape Polymer Group (Canada), Avery Dennison Corporation (US), Lohmann GmbH (Germany), Berry Global Inc. (US), Scapa Group PLC (Canada), and Rogers Corporation (US). The study includes an in-depth competitive analysis of these key players in the adhesive tapes market, with their company profiles, recent developments, and key market strategies.
The adhesive tapes market report has been segmented on the basis of material (PP, PET), metal (aluminum, others), end-use industry (packaging, decorative), and region (North America, Europe, Asia Pacific, South America, Middle East & Africa).The end-use industry segment is further analyzed for each country in the respective regions.
The report also provides company profiles and competitive strategies adopted by key players in the adhesive tapes market.
Reasons to Buy the Report:
From an insight perspective, this research report focuses on various levels of analyses—industry analysis (industry trends), market share analysis of top players, value-chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the market; high growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on adhesive tapes offered by top players in the adhesive tapes market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the adhesive tapes market
• Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the market for adhesive tapes across regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the adhesive tapes market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the adhesive tapes market
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