Global Adhesive Tapes Market is expected to register a CAGR of healthy rate in the forecast period 2018 to 2025. The new market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.Access Full Report: https://databridgemarketresearch.com/reports/global-adhesives-tapes-market/
By Resin Type (Acrylic, Rubber, Silicone, Epoxy, And Other), By Technology (Water-Based, Solvent-Based, Hot-Melt-Based), By Backing Material (Polypropylene, Paper, Polyvinyl Chloride, Polyester, Foam Tapes, Cloth Tapes, and Others), By Category (Commodity Adhesive Tapes and Specialty Adhesive Tapes), By Application (Packaging, Masking, Consumer & Office, Healthcare, Automotive, Electrical & Electronics, Paper & Printing, Building & Construction, Retail, and Others), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Rising usage of adhesive tapes in diverse applications, increasing demand for adhesive tapes in Asia-Pacific, and extensive adoption of adhesive tapes due to ease of applicability is the prominent factors driving the growth of this market.
Rising usage of adhesive tapes in diverse applications
Adhesive tapes are designed to bind materials together. They are designed in such a way that each type is specific for a particular material. Some of these tapes are specific for binding metals while some are made for plastic materials. Some are even best with clothing materials and packaging industry. They permit substrates of various shapes, sizes and compositions to be joined together. With the use of adhesive tape, metals can be joined together easily without the fear of corrosion. Without this tape, metals like steel and aluminium cannot be easily joined together. The associated benefit is that no deformity occurs in metals that are bound with these adhesive tapes. Hence, aesthetic of the metals are improved and manufacturing cost is highly reduced. The tape is easy to use and does not cause any mechanical aggression on the material. So the structure of the materials remains intact.
Adhesive tapes are also widely used for packaging, electrical insulation, labelling, sealing, stationery and general purpose applications. These tapes rely on different kinds of pressure sensitive adhesives where in adhesive is applied only on one side. They easily stick to any surface very conveniently by applying slight pressure manually or mechanically. Mostly, all the industries come across the adhesive tapes for the purpose of packaging. So the major part of the application is occupied by the packaging industry and others are stationery and households. The raw materials required for manufacturing of plastic tapes are polypropylene (PP) and adhesive. The multilayered adhesive tape is formed by compressing the tape roll having circular or any other shape. The roll is compressed and cohered during the compressing step. A stiff and solid material coated with a strong adhesion material is applied to the symmetry plane of the adhesive tape during the compressing step. The preferred material to be used for high adhesion is a cyanoacrylate adhesive or an epoxy adhesive. For instance, according to European coating journal in 2010 the total adhesive consumption was 8.0 million metric tons contributing about USD 22 billion. The volume was up 6.0% from the recessionary lows of 2009 and about equal to that of the pre-recession year 2008.
Due to increased demand for adhesive tapes in the various application such as packaging, automotive the companies are taking initiatives to innovate and make advancement in the field of adhesive tapes market, for instance, the company such as TESA SE manufactures tesa 4150 acrylic adhesive tape which is highly used for bumper and flange masking in automobile industry. Similarly, Nitto company manufactures adhesive tape No.7239 which is used as a masking tape for vehicle painting.
Hence, with the increasing use of adhesive tape in industries such as packaging, electrical insulation, sealing and automobile has automatically fuelled the market growth in the near future.
Increasing demand for adhesive tapes in Asia-Pacific
The Adhesives provide an added advantage of flexibility during the production process of automotive components which is not given by traditional manufacturing methods. A lot of workshops have been carried out for car assessment programs and crash tests to formulate that the vehicles which are bonded with adhesives perform better as compared to the welded vehicles. This is because the adhesives do not affect the substrate that used in automobile assembly. Furthermore, automobile manufacturers are producing lightweight and fuel-efficient vehicles with the increasing advancements in the adhesive technologies. Hence, the demand for adhesive tapes is being expanding manifolds day by day. The Asia-Pacific market is mainly led by the automotive and packaging industry which is expected to grow significantly over the forecast period. Due to a fixed rise in food exports and development in the food-processing sector, the demand for low-cost flexible packaging has been tremendously growing in Asia-Pacific. In addition, packaged food demand is also increased by changing lifestyle, shifting preference toward modern food habits and workplace habits.
A strong demand from various international industries that are involved in the automotive and electronics sectors is witnessed by the Chinese adhesive tapes market. Similarly, due to the huge population of the country, the food & beverage and hygienic product industries are also getting a high domestic demand for adhesive tapes. In 2016, the packaging industry accounted for the maximum share, over 38.0% of the pressure-sensitive adhesives market. With the steady growth in the consumer goods market, the packaging market in China is expected to grow during the forecast period The Asia-Pacific region leads in formulated adhesive consumption. The regional consumption increased from 38.0% of the global tonnage in 2008 to a 46.0% share in 2015. China is considered as the largest adhesive user in the region and in 2010 took 54.0 % of the volume. Japan is the matured markets in terms of adhesive consumption in the region. Combining for one-fifth of the regional adhesive volume in 2010 the two countries were about one-quarter of the value as they consume a larger share of the higher price and performance products. India consumed only 6.0% of the Asia-Pacific adhesive tons in 2010 but has the highest rate of adhesive growth.
Hence, with the increasing demand for adhesive tape in Asia-Pacific due to increasing demand for packaging in the food sector, automotive industries will be increasing the market for adhesive tapes.
Extensive adoption of adhesive tapes due to ease of applicability
In the early ages it has been found that certain naturally produced items were sticky and that this characteristic could be used to join things together. This discovery was done before mechanical fastening methods were discovered. The vulcanizing of rubber and refining of petroleum processes enabled adhesives to be developed that were better, stronger, easier to use and could be developed for specific applications. Adhesive tapes offer many advantages compared to other assembly methods such as glues, mechanical fixings etc. These advantages include greater stress bearing area, safer to use, allows smooth surface assembly, better stress distribution can apply to one surface with liner intact and many more. These advantages allow adhesive tapes to be used more in end use applications.
Also, a number of formats of adhesive tapes are manufactured at different stages in the production process that are referred to by end users or tape distributors. The commonly used terms are jumbo, cut coil, log, gaskets and pads. The main applications of its usage are food and packaging, automobiles, home decorations, electrical insulation, labelling and sealing. These tapes are stocked in a choice of different base material, type of adhesive, colors, and sizes. Hence user can customize the tape depending on their needs and usage. So, with great advantages of adhesive tapes, they are being extensively adopted by the market.
However, the easy application of adhesive tapes in various fields such as, automotive, food industry there has been the huge demand for adhesive tapes, for instance, with the increasing number and adoption of plug-in cars among the citizens, it is noted that the registration of these cars has increased from 3,500 in 2013 to 61,000 in May 2018, which makes sure that the use of adhesive tapes is increasing every day.
Hence, with the ease of applicability and greater advantages of adhesive tapes globally will be nurturing the growth of the market.
Some of the major players operating in this market are 3M Company (U.S.), NITTO DENKO CORPORATION (Japan) and among others.
Global Adhesive Tapes Market – Industry Trends and Forecast to 2027