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Adhesive Tapes Market – Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Resin (Acrylic, Epoxy, Rubber-based, Silicone, Polyurethane, and Other Resins), Technology (Water-based, Solvent-based, Hot-melt, Reactive, and Other Technologies), End-user Industry (Automotive, Health Care, Packaging, Appliances, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa).

Market Snapshot

Study Period:

2016-2024

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

5 %

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Market Overview

The market for adhesive tapes is expected to grow at a CAGR of over 5% during the forecast period. Major factors driving the market studied are the growing demand from lightweight automotive vehicles and increasing demand from the packaging and medical industries.

  • The packaging industry dominated the adhesive tapes market by adding value to various manufacturing sectors, including agriculture, pharma, retail, FMCG, etc. 
  • Usage of adhesive clips as an alternative to stitches is likely to act as an opportunity in the future
  • Asia-Pacific dominated the adhesive tape market across the world with the most significant consumption from countries, such as China and India.

Scope of the Report

The global adhesive tapes market report includes:

Resin
Acrylic
Epoxy
Rubber-based
Silicone
Polyurethane
Other Resins
Technology
Water-based
Solvent-based
Hot-melt
Reactive
Other Technologies
End-user Industry
Automotive
Health Care
Packaging
Appliances
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 Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Increasing Demand from Automotive Industry

  • Adhesive tape is a combination of a material and an adhesive film, which is used to bond or join objects together instead of using fasteners, screws, or welding. Adhesive tapes enable its use at room temperature and can protect the surface area.
  • Weight reduction has become an essential part of vehicle design with increasing consumer and government calls for lower carbon emissions, enhanced passenger comfort, passenger safety, and improved performance.
  • The development of smaller and more efficient power systems is important on the need for lighter and more efficient designs.
  • Automotive adhesive tapes are designed to withstand varied environmental conditions, including moisture, salt spray, temperature variances, and UV radiation.
  • There has been a significant reduction in the amount of noise inside the vehicle, due to the advanced properties of adhesives tapes, such as its acoustic insulating properties and vibration absorption.
  • Pressure sensitive adhesive (PSA) tapes are highly used in specialist vehicle and transportation systems to bond the outer vehicle skin to the supporting structure. 
  • Hence, with the rapid increase in demand from the automotive segment across the world, the market for adhesive tapes is expected to rapidly increase over the forecast period.

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Asia-Pacific to Dominate the Market

  • The Asia-Pacific dominated the adhesive tapes market and is anticipated to continue so during the forecast period. Japan is one of the major markets for adhesive tapes, owing to the massive production of appliances, and health care products.
  • The growing packaging industries in countries, like China, Japan, and India, are further expected to augment the demand for adhesive tapes.
  • China state council announced a 10-year manufacturing plan called 'Made in China 2025', which focuses on high-end equipment manufacturing in various segments, like automotive, appliances, etc. This is expected to drive the demand for adhesive tapes in the country.
  • China remained as the global leader in the production of automobiles across the world, with a production of 27,809,196 units in the recent past. Though there is a huge decrease in the production of automobiles in China, there is a considerable demand from the current manufacturing vehicles.
  • From the above-mentioned factors, it is evident that the demand for adhesive tapes is expected to further increase in the Asia-Pacific region, over the forecast period. 

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Competitive Landscape

The adhesive tapes market is highly fragmented. The major companies include 3M, Henkel AG & Co. KGaA, DuPont de Nemours, Inc., AVERY DENNISON CORPORATION, and H.B. Fuller Company, amongst others.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand from Light Weight Automotive Vehicles

      2. 4.1.2 Rapidly Growing Demand from the Packaging and Medical Industries

    2. 4.2 Restraints

      1. 4.2.1 Regulations on Raw Materials Used for Manufacturing

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Resin

      1. 5.1.1 Acrylic

      2. 5.1.2 Epoxy

      3. 5.1.3 Rubber-based

      4. 5.1.4 Silicone

      5. 5.1.5 Polyurethane

      6. 5.1.6 Other Resins

    2. 5.2 Technology

      1. 5.2.1 Water-based

      2. 5.2.2 Solvent-based

      3. 5.2.3 Hot-melt

      4. 5.2.4 Reactive

      5. 5.2.5 Other Technologies

    3. 5.3 End-user Industry

      1. 5.3.1 Automotive

      2. 5.3.2 Health Care

      3. 5.3.3 Packaging

      4. 5.3.4 Appliances

      5. 5.3.5 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 Italy

        4. 5.4.3.4 France

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East & Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 AVERY DENNISON CORPORATION

      3. 6.4.3 Berry Global Inc.

      4. 6.4.4 Arkema Group (Bostik)

      5. 6.4.5 DuPont de Nemours, Inc.

      6. 6.4.6 H.B. Fuller Company

      7. 6.4.7 Henkel AG & Co. KGaA

      8. 6.4.8 LINTEC Corporation

      9. 6.4.9 NITTO DENKO CORPORATION

      10. 6.4.10 RPM International Inc.

      11. 6.4.11 Scapa

      12. 6.4.12 Shurtape Technologies, LLC

      13. 6.4.13 Sika AG

      14. 6.4.14 tesa SE - A Beiersdorf Company

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Usage of Adhesive Clips as an Alternative to Stitches

** Subject to Availability

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