Global Adhesive Tapes Market to Reach US$ 102.9 Billion by 2032, Impelled by Development of Green Adhesives

December 06, 2021 | Packaging

According to the latest report by IMARC Group, titled “Adhesive Tapes Market Report by Material (Polypropylene, Paper, Polyvinyl Chloride, and Others), Resin (Acrylic, Rubber, Silicone, and Others), Technology (Water-Based Adhesive Tapes, Solvent-Based Adhesive Tapes, Hot-Melt-Based Adhesive Tapes), Application (Packaging Tapes, Masking Tapes, Specialized Tapes, and Others), and Region 2024-2032”, the global adhesive tapes market size reached US$ 69.8 Billion in 2023. An adhesive tape, also known as a self-stick or sticky tape, is used to bond or join objects together. It is composed of carriers (non-woven fabric, foam and metal foil), pressure-sensitive adhesives or PSAs (rubber, silicone, urethane and acrylic) and separators (paper and film). The usage of adhesive tapes is gaining traction across the globe as a solution for fastening and joining. This can be attributed to their low-cost, ease of use, ability to bond dissimilar substrates, uniform thickness and gap filling properties as compared to traditional fastening systems.

 

Global Adhesive Tapes Market Trends:

One of the primary factors driving the growth of the market is the diversified applications of adhesive tapes across various industry verticals. In the automotive industry, for instance, they play a crucial role in the assembly of lightweight, aerodynamic structures on the exterior surface of automobiles. Similarly, these tapes are imbued with antigen adhesives for use in wound dressing in the healthcare industry. With the rising penetration of e-commerce platforms, adhesive tapes are increasingly being used in the packaging of a variety of products. However, the negative impacts of synthetic adhesives on both human health and the environment have encouraged governments of various countries to impose stringent environmental regulations. Owing to this, market players are introducing eco-friendly adhesive tapes, which are an excellent alternative to their petroleum-based counterparts. For instance, TESA SE, a leading manufacturer of self-adhesive products, has launched sustainable adhesive tapes made using bio-based and recycled materials. Manufacturers are also introducing various functional adhesive tapes made using weather and UV-resistant materials. Looking forward, the market value is projected to reach US$ 102.9 Billion by 2032, registering a CAGR of 4.3% during 2024-2032.

Market Summary:

  • Based on the material, polypropylene is currently the most popular material used in adhesive tapes. Other materials include paper and polyvinyl chloride.
  • On the basis of the resin, the market has been categorized into acrylic, rubber, silicone and others.
  • The market has been segregated based on the technology into water-based, solvent-based and hot-melt-based adhesive tapes.
  • On the basis of the application, the report finds that packaging tapes represent the largest application segment. The other segments are masking and specialized tapes.
  • Region-wise, North America enjoys the leading position in the market, holding the majority of the global market share. Other major regions include Asia Pacific, Europe, Middle East and Africa, and Latin America.
  • The competitive landscape of the market has also been examined with some of the key players being 3M Company, Nitto Denko Corporation, TESA SE, Lintec Corporation, Avery Dennison Corporation, Intertape Polymer Group Inc., Shurtape Technologies LLC, Scapa Group PLC, Lohmann GmbH & Co. KG, Nichiban Co. Ltd. and Sekisui Chemical Co. Ltd.


Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Material, Resin, Technology, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered 3M Company, Nitto Denko Corporation, Tesa SE, Lintec Corporation, Avery Dennison Corporation, Intertape Polymer Group Inc., Shurtape Technologies LLC., Scapa Group PLC, Lohmann GmbH & Co. Kg, Nichiban Co. Ltd. and Sekisui Chemical Co. Ltd.
Customization Scope 10% Free Customization
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Global Adhesive Tapes Market to Reach US$ 102.9 Billion by 2032, Impelled by Development of Green Adhesives
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