Asia Pacific Adhesive Tapes Market Segments and Growth by 2028

The APAC adhesive tapes market is expected to grow from US$ 29,726.71 million in 2021 to US$ 42,688.91 million by 2028; it is estimated to grow at a CAGR of 5.3% from 2021 to 2028.

China, India, Japan, South Korea, and Australia are major economies in APAC. Growing use of adhesive tape in place of mechanical fasteners is expected to fuel the market growth. Using adhesive tape instead of mechanical fasteners can change many product design areas and manufacturing efficiency. Screws, bolts, clips, rivets, and other mechanical fastening systems are quickly replaced by adhesive tapes due to their design and assembly advantages. Mechanical fasteners are considered the strongest and reliable joining methods. However, connecting different surfaces is a challenge because the material may tear due to tensile stress under high pressure. Therefore, it lacks reliability and long-term responsibility. These tapes eliminate the challenges related to traditional fastening systems and extend the life of a product. In addition, it eliminates rust and corrosion, lowers noise and vibration, reduces manufacturing and assembly time, and improves product design. These benefits significantly help improve efficiency and performance in various applications packaging, healthcare, automotive, electrical and electronics, building and construction, and others while reducing production and material costs. Further, many companies are manufacturing adhesive tapes for replacing mechanical fasteners. For instance, 3M has a range of VHB and Vhpb high-performance adhesive tapes, which consist of a durable acrylic adhesive with viscoelasticity. The company provides an exceptionally strong double-sided foam tape that can be adhered to a variety of substrates, such as stainless steel, aluminum, galvanized steel, composites, plastics, acrylic, polycarbonate, ABS, and painted or sealed wood and concrete. The tapes are widely used in applications across various markets, such as transportation, electrical appliances, electronics, construction, and signs and displays, as well as in general industries. 3M VHB Tape GPH060GF is a permanent adhesive solution that can replace traditional mechanical fasteners and liquid adhesives in demanding high-temperature applications. Its acrylic foam core provides a good balance between strength and adaptability. The tape has excellent temperature resistance and is very suitable for powder coating or liquid coating processes that undergo thermal baking cycles. Thus, the replacement of mechanical fasteners with adhesive tape would create lucrative opportunities for the APAC adhesive tapes market players during the forecast period. 

Countries in APAC, especially India, are highly affected due to the COVID-19 outbreak. The outbreak pandemic is causing a significant economic loss in the region. The consequence and impact can be even worse and totally depends on the spread of the virus. The governments of various APAC countries are taking possible steps to restrict the spread of the virus by announcing lockdown, which, in turn, is restraining the revenue generated by the adhesive tapes market. The market has been impacted by the COVID-19 pandemic in a variety of ways. Several industries across the region have experienced sharp declines. In contrast, the healthcare industry has expanded since the outbreak due to high demand for PPE kits and medical equipment. With the economy on the mend, several industrial sectors and economies are strategically planning to invest in the healthcare sector. This is anticipated to fuel the adhesive tape market growth across the region during the forecast period.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC adhesive tapes market. The APAC adhesive tapes market is expected to grow at a good CAGR during the forecast period. 

APAC Adhesive Tapes Market Segmentation           

APAC Adhesive Tapes Market – By Resin Type

• Acrylic
• Rubber
• Silicone
• Others

APAC Adhesive Tapes Market – By Technology

• Water-Based Adhesive Tapes
• Solvent-Based Adhesive Tapes
• Hot-Melt- Based Adhesive Tapes

APAC Adhesive Tapes Market – By Tape Backing Material

• Polypropylene (PP)
• Paper
• Polyvinyl Chloride (PVC)
• Others

APAC Adhesive Tapes Market – ByApplication

• Packaging
• Healthcare
• Automotive
• Electrical and Electronics
• Building and Construction 
• Others

APAC Adhesive Tapes Market, by Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC

APAC Adhesive Tapes Market - Companies Mentioned

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

Asia Pacific Adhesive Tapes Report Scope