Adhesive Tapes Market Size, Growth and Analysis Report 2028

Adhesive Tapes Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Resin Type (Acrylic, Rubber, Silicone, and Others), Technology (Water-Based Adhesive Tapes, Solvent-Based Adhesive Tapes, and Hot-Melt-Based Adhesive Tapes), Tape Backing Material [Polypropylene (PP), Paper, Polyvinyl Chloride (PVC), and Others], and Application (Packaging, Healthcare, Automotive, Electrical and Electronics, Building and Construction, and Others)

Publication Month : Sep 2021

  • Report Code : TIPRE00008760
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 191
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The adhesive tapes market was valued at US$ 60,922.61 million in 2020 and is projected to reach US$ 89,440.92 million by 2028; it is expected to grow at a CAGR of 5.1% from 2021 to 2028.

Adhesive tapes are available in two typesspecialty tapes and commodity tapes. The coating technologies utilized in adhesive tapes are water-based, solvent-based, and hot-melt. Technological advancements have led to thegrowing demand for lightweight backing materials in the recent past. Adhesive tapes offers wide range of application in packaging, automotive, and healthcare industries.

In 2020, Asia Pacific held the largest share of the global adhesive tapes market. It is also estimated to register the highest CAGR in the market during the forecast period. The demand for adhesive tapes is expected to increase in the region due to various factors such as the huge population base, increasing disposable income, and improved living standards. The growth of the automotive market has also propelled demand for adhesive tapes in Asia Pacific. These factors have also attracted foreign players to expand their business in the region. Additionally, the rapid growth of Asia Pacific is attributed to the growth of the construction industry in the region. China is the world’s largest construction market and is expected to grow significantly in the next a few years. Moreover, other economies, such as India, are also set to grow at a tremendous rate with the focus on boosting domestic manufacturing activities.

The impact of the COVID-19 pandemic on the global adhesive tapes market is mixed. Various industries, such as automobiles, construction, electronics and electrical, have experienced sharp declines. In contrast, the healthcare industry has grown since the outbreak due to excessive demand for PPE kits and medical equipment. With the state of economic recovery, several industries and economies are strategically planning to invest in the healthcare sector. This is expected to provide an impetus to the adhesive tapes market growth. Health-related initiatives comprise purchasing professional medical and personal protective equipment (PPE), expanding research capabilities, hiring additional staff and benefits, supporting hospitals and local governments, and donating vaccine production. In addition, many companies such as 3M Company, Tesa S.E., and Nitto Denko Corporation have begun to actively market the product to expand their customer base and reduce business impact.

Global Adhesive Tapes Market, by Region, 2020

Global Adhesive Tapes Market, by Region, 2020
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Market Insights

Wide Range of Applications of Adhesive Tapes

Adhesive tapes are material and adhesive film combinations used to bond or join objects instead of using screws, fasteners, or welding. The tape can protect the surface by not requiring fasteners or screws to protect the surface, thereby making it useful for various applications in industries, such as packaging, healthcare, automotive, electrical and electronics, and building and construction. Liquid adhesives are messy and time-consuming because they must be sprayed or rolled on the surface before bonding. Adhesive tapes have major applications in industries, such as packaging, healthcare, automotive, electrical and electronics, and building and construction.

Application Insights

Based on application, the global adhesive tapes market is segmented into packaging, healthcare, automotive, electrical and electronics, building and construction, and others. The automotive segment led the market in 2020. Adhesive tapes have multiple applications in the automotive sector. In the vehicle interior, adhesive tapes are used for seat heating elements, airbag wrapping and securing, steering wheel wrapping, rubber mounting, plastic profiles, and foam and fabric attachment on the instrument panel. In car interiors with features such as attachments for mobile devices, electronic chargers, air purifiers, connection for portable freezers, and other components, adhesive tapes are utilized for fastening and bonding purposes. Moreover, they are used to develop automotive electronics, such as light assemblies, air conditioning systems, electronic display panels, battery connectors & wires, and sensors. Moreover, adhesive tapes are rapidly replacing nut bolt fasteners to reduce vehicle weight and enhance vehicle aesthetics. Rising demand for lightweight sealing in vehicles and increasing utilization of adhesive tapes in the manufacturing of electric vehicles are projected to bolster the growth of the adhesive tapes market in the coming years.

Global Adhesive Tapes Market, by Application – 2020 and 2028

Global Adhesive Tapes Market, by Application – 2020 and 2028
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Adhesive Tapes Market: Strategic Insights

adhesive-tapes-market
Market Size Value inUS$ 60,922.61 Million in 2020
Market Size Value byUS$ 89,440.92 Million by 2028
Growth rateCAGR of 5.1% from 2020-2028
Forecast Period2020-2028
Base Year2020
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A few key market players operating in the adhesive tapes market are 3M, Nitto Denko Corporation, tesa SE, Avery Dennison Corporation, Intertape Polymer Group, LINTEC Corporation, Berry Global Inc, Scapa, Lohmann GmbH & Co.KG, and Rogers Corporation.

Report Spotlights

  • Progressive industry trends in the global adhesive tapes market to help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the global adhesive tapes market from 2019 to 2028
  • Estimation of the demand for adhesive tapes across various industries
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growth
  • Recent developments to understand the competitive market scenario and the demand for adhesive tapes
  • Market trends and outlook, coupled with factors driving and restraining the growth of the adhesive tapes market  
  • Decision-making process by understanding strategies that underpin commercial interest with regard to global adhesive tapes market growth
  • Adhesive tapes market size at various nodes of market
  • Detailed overview and segmentation of the global adhesive tapes market, as well as its dynamics in the industry
  • Adhesive tapes market size in various regions with promising growth opportunities

The report segments the global adhesive tapes market as follows:

  • By Resin Type the Adhesive Tapes Market is segmented into Acrylic, Rubber, Silicone, Others.
  • By Technology the Adhesive Tapes Market is segmented into Water-Based Adhesive Tapes, Solvent-Based Adhesive Tapes, and Hot-Melt- Based Adhesive Tapes.
  • By Tape Backing Material the Adhesive Tapes Market is segmented into Polypropylene (PP), Paper, Polyvinyl Chloride (PVC), Others.
  • By Application the Adhesive Tapes Market is segmented into Packaging, Healthcare, Automotive, Electrical and Electronics, Building and Construction, Others.

Company Profiles

  • 3M
  • Nitto Denko Corporation
  • tesa SE
  • Avery Dennison Corporation
  • Intertape Polymer Group
  • LINTEC Corporation
  • Berry Global Inc
  • Scapa
  • Lohmann GmbH & Co.KG
  • Rogers Corporation
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Resin Type, Technology, Tape Backing Material, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Can you list some of the major players operating in the global adhesive tapes market?

The major key players operating in the global adhesive tapes market include 3M, Nitto Denko Corporation, tesa SE, Avery Dennison Corporation, Intertape Polymer Group, LINTEC Corporation, Berry Global Inc., Scapa, Lohmann GmbH & Co.KG, and Rogers Corporation are major players operating in the global adhesive tapes market.

Which region held the largest share of the global adhesive tapes market?

In 2020, Asia Pacific held the largest share of the global adhesive tapes market. It is also estimated to register the fastest CAGR in the market over the forecast period. The demand for adhesive tapes is expected to increase in the region due to various factors such as the huge population base, increasing disposable income, and improved living standards. The growth of the automotive market has also positively contributed to the growth of the demand for adhesive tapes in Asia Pacific. These factors have also attracted foreign players to expand into the region.

Additionally, the rapid growth of this region can also be attributed to the growth of the construction industry in the region. China is the world’s largest construction market and is expected to grow significantly over the next few years. Moreover, other developing economies like India is also set to grow at a tremendous rate with the focus of the region towards boosting domestic manufacturing activities.

Based on resin type, why rubber segment accounted for the largest share in the global adhesive tapes market?

The rubber segment held the largest share in the global adhesive tapes market in 2020. Rubber adhesives are low-cost adhesives used to manufacture adhesive tapes that are used for low-duty applications. Rubber adhesives adhere to the substrates quickly and do not require extended cure times. Generally, additives are added to rubber adhesives to improve their adhesion strength. Rubber adhesives perform better in normal room temperatures.

Based on technology, which segment is expected to grow at the fastest rate during the forecast period

The hot-melt adhesives segment is expected to grow at the fastest rate during the forecast period. Hot-melt adhesives are thermoplastic polymer-based compositions that are 100% solids. They are solid at normal temperature and become liquid after being heated above their softening point. Hot-melt-based adhesive tapes consist of three layers—film layer, a special release coat that allows the tape to easily unwind off the roll, and an aggressive hot-melt adhesive layer. These tapes are used for various applications, such as furniture and wood working, packaging and corrugated carton sealing, DIY applications, and building & construction.

Based on tape backing material, which segment is leading the global adhesive tapes market during the forecast period?

On the basis of tape backing material, polypropylene (PP) segment is leading the adhesive tapes market during the forecast period. Polypropylene is widely used as a backing material in adhesive tapes. Backing film is one of the vital components of an adhesive tape. It holds the adhesive and the primer. Polypropylene is a thermally and chemically stable material. It provides surface protection. Moreover, polypropylene is comparatively cheaper than polyvinyl chloride (PVC) and is widely available. These properties make polypropylene one of the popular materials used for manufacturing adhesive tapes. Polypropylene tapes are suitable for a wide range of sealing applications, such as food & beverage packaging, agricultural packaging, and healthcare and medical packaging.

Which application held the fastest CAGR in the global adhesive tapes market?

Packaging is estimated to register the fastest CAGR in the market over the forecast period. Adhesive tapes are extensively used across the packaging industry. Adhesive tapes secure the packages as it forms a strong bond between the packaging surfaces. Cartons of food and beverages products are sealed using adhesive tapes as they ensure products’ safety in transit. Moreover, adhesive tapes are used to seal the packages of agricultural products. The packaging industry across the world is rapidly flourishing with the growing demand for convenience food products, agriculture products, and other consumer goods.

The List of Companies - Adhesive Tapes Market

  1. 3M COMPANY
  2. NITTO DENKO CORPORATION
  3. TESA SE
  4. LINTEC CORPORATION
  5. AVERY DENNISON CORPORATION
  6. INTERTAPE POLYMER GROUP
  7. BERRY GLOBAL INC.
  8. SCAPA GROUP PLC
  9. LOHMANN GMBH AND CO.KG
  10. ROGERS CORPORATION

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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