Adhesive Tapes Market 2022-2027: Industry Overview, Size, Share, Upcoming Trends and Forecast

2022-02-21 11:41:36 UTC | Business, Economy, Finances, Banking & Insurance
Adhesive Tapes Market 2022-2027: Industry Overview, Size, Share, Upcoming Trends and Forecast

According to the latest report by IMARC Group, titled “Adhesive Tapes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global adhesive tapes market reached a value of US$ 62.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 85.3 Billion by 2027, exhibiting at a CAGR of 5.1% during 2022-2027. Adhesive tape refers to a strip used for assembling and combining materials and components using a sticky chemical bond. It consists of a backing material commonly manufactured using paper, plastic film, cloth, foam and foil. It is widely used for mounting, bonding, surface protection, filling gaps, insulating and sound and electrical damping. It provides enhanced structural strength that aid in replacing rivets, bolts, welds and other mechanical fasteners. Adhesive tapes also eliminate the need for surface refinishing and act as moisture and environmental barriers. As a result, they find extensive applications across various industries, such as automotive, construction, food and beverage, paper and printing.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Adhesive Tapes Market Trends:

The global adhesive tapes market is primarily being driven by the widespread product adoption in the automotive industry. Adhesive tapes are widely being used to improve safety, reduce vehicular weight and improve the production line processes. Moreover, various product innovations, such as the development of water-based adhesive tapes, are providing a thrust to the market growth. These tapes are compatible with water and are used for sealing corrugated cartons and boxes. Other factors, including the increasing product demand in the packaging industry, along with extensive product utilization in the healthcare industry for fastening surgical containers and monitoring electrodes, are creating a positive outlook for the market.

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/adhesive-tapes-market

Key Market Segmentation:                      

Competitive Landscape:                                      

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:            

Breakup by Material:

Breakup by Resin:

Breakup by Technology:

Breakup by Application:

Breakup by Region:

Key highlights of the Report:

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