Adhesive Tapes Market Size (2024 - 2029)

The adhesive tapes market is projected to experience growth over the forecast period, driven by increasing demand from the packaging industry and the ongoing use of adhesive tapes in electric and hybrid vehicles. Despite challenges such as supply chain disruptions and raw material price volatility, the market is expected to recover and expand, particularly in emerging economies where the medical sector is developing. The Asia-Pacific region is anticipated to see significant growth due to high consumption levels in countries like China and India.

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Market Size of Adhesive Tapes Industry

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Adhesive Tapes Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR (2024 - 2029) 4.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Low

Major Players

Adhesive Tapes Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Adhesive Tapes Market Analysis

The Adhesive Tapes Market is expected to register a CAGR of greater than 4% during the forecast period.

Global Adhesives Tapes Market is estimated to reach 52,037.75 million square meters by the end of this year and is expected to grow with a CAGR of over 4% during the forecast period.

The COVID pandemic impacted value chains in the adhesive tapes market. The disruptions in the supply chain and low demand from end-user industries affected the market negatively. However, the market demand recovered in 2021 and will likely grow significantly in the coming years.

  • Over the short term, rapidly growing demand from the packaging industry and continuous usage of adhesive tapes in electric and hybrid vehicles are significant factors driving the growth of the market studied.
  • However, volatility in the prices of raw materials is a key factor anticipated to restrain the growth of the target industry over the forecast period.
  • Nevertheless, the development of the medical sector in emerging economies is likely to create lucrative growth opportunities for the global market soon.
  • Asia-Pacific is estimated to witness healthy growth over the assessment period in the adhesives tapes market due to the most significant consumption from countries such as China and India.

Adhesive Tapes Industry Segmentation

Adhesive tapes are a combination of a base material and an adhesive film that bond and fasten two objects together instead of bolts or welding. The market is segmented based on resins, technology, end-user industry, and geography. The market is segmented by resin: acrylic, epoxy, rubber-based, silicone, and polyurethane. The market is segmented by technology: water-based, solvent-based, hot-melt, and reactive. By end-user industry, the market is segmented into automotive, healthcare, packaging, electrical and electronics, consumer/DIY, and other end-user industries. The report also covers the market size and forecasts for adhesive tapes in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on volume (million square meters).

Resin
Acrylic
Epoxy
Rubber-based
Silicone
Polyurethane
Technology
Water-based
Solvent-based
Hot-melt
Reactive
End-user Industry
Automotive
Healthcare
Packaging
Electrical and Electronics
Consumer/DIY
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of the Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Adhesive Tapes Market Size Summary

The adhesive tapes market is poised for significant growth, driven by increasing demand from the packaging industry and the automotive sector, particularly in electric and hybrid vehicles. The market experienced disruptions due to the COVID-19 pandemic, affecting supply chains and reducing demand from end-user industries. However, recovery began in 2021, and the market is expected to expand steadily over the forecast period. The Asia-Pacific region, especially China and India, is anticipated to witness robust growth due to high consumption levels. The packaging industry, especially flexible packaging, is a major contributor to this growth, with rising demand in the food, beverage, and healthcare sectors. Despite challenges such as raw material price volatility, the market is expected to benefit from opportunities in emerging economies' medical sectors.

The adhesive tapes market is characterized by its fragmented nature, with key players including 3M, Nitto Denko Corporation, Tesa SE, LINTEC Corporation, and Intertape Polymer Group. Recent strategic moves, such as acquisitions and new plant establishments, indicate ongoing investments and expansions within the industry. China, as a dominant player in the Asia-Pacific region, is expected to continue its leadership due to its growing automobile, healthcare, and electronics industries. The country's robust production and consumption patterns in these sectors are likely to drive the demand for adhesive tapes, supporting the market's growth trajectory over the forecast period.

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Adhesive Tapes Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Rapidly Growing Demand from the Packaging Industry

      2. 1.1.2 Continuous Usage of Adhesive Tapes in Electric and Hybrid Vehicles

    2. 1.2 Restraints

      1. 1.2.1 Volatility in Prices of Raw Materials

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Resin

      1. 2.1.1 Acrylic

      2. 2.1.2 Epoxy

      3. 2.1.3 Rubber-based

      4. 2.1.4 Silicone

      5. 2.1.5 Polyurethane

    2. 2.2 Technology

      1. 2.2.1 Water-based

      2. 2.2.2 Solvent-based

      3. 2.2.3 Hot-melt

      4. 2.2.4 Reactive

    3. 2.3 End-user Industry

      1. 2.3.1 Automotive

      2. 2.3.2 Healthcare

      3. 2.3.3 Packaging

      4. 2.3.4 Electrical and Electronics

      5. 2.3.5 Consumer/DIY

      6. 2.3.6 Other End-user Industries

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 Italy

        4. 2.4.3.4 France

        5. 2.4.3.5 Rest of the Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle-East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 South Africa

        3. 2.4.5.3 Rest of Middle-East and Africa

Adhesive Tapes Market Size FAQs

The Adhesive Tapes Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

3M, Nitto Denko Corporation, tesa SE - A Beiersdorf Company, LINTEC Corporation and Intertape Polymer Group are the major companies operating in the Adhesive Tapes Market.

Adhesive Tapes Market Report Snapshots

Adhesive Tapes Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)