Market Research Future published a research report on “Global Adhesive Tapes Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
3M Company, Avery Dennison Corporation, Tesa SE, Nitto Denko Corporation,Lintec Corporation, Henkel AG & Company KGaA, Intertape Polymer Group, Lintec Corporation, Shurtape Technologies LLC, Scapa Group Plc and Lohmann GmbH & Co.KG. are some of the prominent players at the forefront of competition in the global Adhesive Tape market and are profiled in MRFR Analysis.
Global Adhesive Tape Market – Overview
Adhesive Tapes are used in various applications. Growing demand from packaging, construction, automotive, and healthcare industry is the primary driving factor of the adhesive tape market. The growing e-commerce and organized retail sector along with multiple usages of adhesive tapes across various industries are the key drivers of adhesive tapes market. The growing demand from healthcare, electronic, automotive, and construction is driving the global adhesive tapes market.
The global adhesive tapes market is expected to grow over the CAGR of around 5% during the period 2016 to 2022
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- Key executive (CEO and COO) and strategy growth manager
Adhesive tape manufacturers are witnessed investing in the advanced technology. The pressure-sensitive adhesives tapes provide easy labelling at low temperatures, and ultra-violet acrylate adhesives enable high aging resistance. Furthermore, the market is observing the demand for printed adhesive tapes because of the growing need to differentiate products for brand identification. On the other hand, specialty tape is the fastest-growing segment. Such tapes offer ease of handling, cost efficency, and high performance for applications such electronics, healthcare, automotive, packaging, and others.
Global Adhesive Tape Market – Competitive Analysis
Characterized by the presence of several well-established along with medium and small players, the global market of adhesive tape appears to be highly competitive and fragmented. International players who are increasingly expanding their footprint in the developing economy, making it difficult for regional vendors to compete with them, especially in terms of features such as product differentiation, product portfolios, quality, and pricing. The market is witnessing intensified competition which is expected to get more intensified further during the forecast period. In order to maintain the position and share in the market, major players have adopted certain strategies.
In September 2017, Bostik, a leading global adhesive specialist for industrial, construction and consumer markets, will present and exhibit at PACK EXPO in Las Vegas, NV September 25-27. As North America’s premier packaging event, PACK EXPO connects packaging engineers, designers, purchasers, plant managers and more, featuring product demos and educational sessions in addition to its exhibit hall. At the show, Bostik’s Innovation Stage presentation would feature Kizen, its latest innovative solution for end of line packaging, including case and carton sealing and tray erecting. Bostik will detail how this product offers improved performance, operational efficiencies and cost savings over existing EVA and metallocene options.
In June 2017, Avery Dennison Corporation today announced it has completed the acquisition of Yongle Tape Company Ltd., a manufacturer of specialty tapes and related products in a variety of industrial markets, from its management and private equity firm ShawKwei & Partners. Yongle Tape would operate within Avery Dennison’s Industrial and Healthcare Materials business group, working in close collaboration with the company’s global Performance Tapes and Fastener Solutions businesses.
In July 2017, Henkel closes acquisitions of Darex Packaging Technologies and Sonderhoff Group. With the successful closing of the acquisitions of the global Darex Packaging Technologies business and the Sonderhoff Group, Henkel strengthens its Adhesive Technologies business and complements its technology portfolio. Darex is based in Cambridge, MA, USA and supplies high-performance sealants and coatings for the metal packaging industry around the world. It serves various global customers producing beverage, food or aerosol cans.
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Global Adhesive Tape Market – Segments
Global Adhesive Tape Market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.
Segmentation By Material : Comprises – Polypropylene, Paper, and Polyvinyl Chloride
Segmentation By Technology : Comprises – Hot Melt, Solvent, and others
Segmentation By Application : Comprises – Healthcare, Food & Beverages, Construction, Automotive, Consumer and others
Segmentation By Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Global Adhesive Tape Market – Regional Analysis
The Asia-Pacific region dominated the global adhesive tape market in 2016. It is also expected to be the fastest growing region for the adhesive tape. Increase in industrialization, rising urbanized population, and growth in spending capacity are the factors driving the growth of the market in Asia-Pacific region. China is one of the leading markets in the Asia-Pacific region. Growth in construction, automotive, and retail sector is expected to fuel the demand of such tapes. Moreover, the country has witnessed increased investment in the technology which has resulted in various products across the tape line.
North America has also witnessed steady growth in the market in last many years. The market is expected to show similar growth in coming time. This along with concentration of many companies in the Adhesive Tape industry has led to the growth of the market.
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The report for Global Adhesive Tapes Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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