The report "Adhesive Tapes Market by Product Type (Commodity & Specialty), by Application (Packaging, Masking, Consumer, & Specialty), by Technology (Solvent, Hot-Melt, & Water), by Backing Material (PP, Paper, PVC, & Others), by Region - Global Forecasts to 2020", published by MarketsandMarkets, The market size, in terms of value, of Adhesive Tapes is estimated to be about USD 46.7 Billion in 2015 and is projected to reach USD 60.9 Billion by 2020, at a CAGR of 5.44% between 2015 and 2020.
The market report analyzes the global Adhesive Tapes Market with respect to market drivers, restraints, opportunities, and challenges in different regions
An adhesive tape is a strip of material with adhesive properties which can stick to different surfaces at normal temperature conditions with the application of a slight pressure on it. Adhesive tapes generally consist of a flexible carrier or backing with a layer of permanently tacky adhesive, which at room temperature sticks to most substrates by contact and under light pressure.
The drivers identified for the adhesive tapes market are growing electrical & electronic, healthcare, and building & construction industry. Countries such as China, U.S., and India, are the major consumers of adhesive tapes. The market in countries of the Middle East and Africa are also growing. In developed countries such as the U.S., Spain, Germany, Japan, and Italy, the market is growing at a low to moderate rate.
Asia-Pacific is the largest market for adhesive tapes, both in terms of volume and value, followed by the markets in North America and Western Europe. The key players in this market are 3M Company (U.S.), Nitto Denko (Japan), Tesa SE (Germany), Avery Dennison Corporation (U.S.), Henkel AG & Company (Germany), Intertape (Canada), Lintec (Japan), Shurtape Technologies (Canada), Scapa (U.K.), and Lohmann GmbH (Germany), among others.
The adhesive tapes market, in terms of value and volume, is estimated by considering the current and future projections according to the economic and industrial outlook. This analysis also covers important developments such as expansions, partnerships & agreements, and mergers & acquisitions of the leading global companies.
The recovery of the automotive industry and consumer confidence in retail is helping the growth of the adhesive tapes market. The use of specialty adhesive tapes as alternative methods for fixing and fastening and the expansion of the medical/hygiene and electronic segments are also the growth drivers of the market. The restraints for the market include volatility in raw material prices and recessionary effect on the end-use industries. The opportunities in the adhesive tapes industry are leveraging technology requirements and regulations in higher value sectors and targeting current as well as potential markets where adhesive tapes can be used instead of competing fastening systems.
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