The North America adhesive tapes market is expected to grow from US$ 15,649.30 million in 2021 to US$ 22,179.95 million by 2028; it is estimated to grow at a CAGR of 5.1% from 2021 to 2028.
The US, Canada, and Mexico are economies in North America. Extensive range of applications of adhesive tapes is expected to fuel the market growth. 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 such as packaging, healthcare, automotive, electrical and electronics, building and construction, and others adhesive tapes are ideal for automated product production. 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. The growth of the market is mainly attributed to the widespread use of tapes in various applications such as packaging, healthcare, automotive, electrical and electronics, building and construction, and others. The rising use of flatter and microelectronic devices increases the use of adhesive tapes in the electrical and electronic industries. In addition, it is used in the healthcare industry for wound dressings, surgeries, splints, ostomy seals, and secure IV lines coupled with the increasing aging population and the growing incidence of chronic diseases. In the healthcare industry, the tape is used in surgical containers, monitoring electrodes, and other medical equipment, as well as wound care applications. The health market continues to grow due to innovative products. Additionally, in the building and construction industry, adhesive tapes are used in commercial, industrial, and residential buildings for wall coverings or decorative trims, bonding and mounting components on windows and doors, protective bumper rails to walls and furniture, and panels to frames, due to the growing adoption of such products for protection and bonding. Such a wide application scope of adhesive tapes drives the growth of the North America adhesive tapes market.In North America, the US recorded the highest COVID-19 confirmed cases than Canada and Mexico. The COVID-19 pandemic is negatively impacting the chemical & materials industry in the region as the crisis is restricting the supply and distribution chain. The unavailability of raw materials due to lockdown in many raw material supplying countries has halted the production. There is a mixed impact of the pandemic on the adhesives tape market. Various industries, such as automobiles, construction, electronics and electrical, experienced sharp declines amid the pandemic. However, 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 industrial sectors and economies are strategically planning to invest in the healthcare sector. This is expected to provide an impetus to the market growth in the coming years.
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 North America adhesive tapes market. The North America adhesive tapes market is expected to grow at a good CAGR during the forecast period.
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North America Adhesive Tapes Market Segmentation
North America Adhesive Tapes Market – By Resin Type
- Acrylic
- Rubber
- Silicone
- Others
North America Adhesive Tapes Market – By Technology
- Water-Based Adhesive Tapes
- Solvent-Based Adhesive Tapes
- Hot-Melt- Based Adhesive Tapes
North America Adhesive Tapes Market – By Tape Backing Material
- Polypropylene (PP)
- Paper
- Polyvinyl Chloride (PVC)
- Others
North America Adhesive Tapes Market – ByApplication
- Packaging
- Healthcare
- Automotive
- Electrical and Electronics
- Building and Construction
- Others
North America Adhesive Tapes Market, by Country
- US
- Canada
- Mexico
North America 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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. North America Adhesive Tapes Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of Substitutes
4.2.4 Threat of New Entrants
4.2.5 Intensity of Competitive Rivalry
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. North America Adhesive Tapes Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Extensive Range of Applications of Adhesive Tapes
5.1.2 Rising Demand for Adhesive Tapes from Automotive Industry
5.2 Market Restraints
5.2.1 Variation in Raw Material Prices
5.3 Market Opportunities
5.3.1 Changing Mechanical Fasteners with Adhesive Tape
5.4 Future Trends
5.4.1 Growing Adoption of Electric Vehicles
5.5 Impact Analysis of Drivers and Restraints
6. Adhesive Tapes Market – North America Analysis
6.1 North America Adhesive Tapes Market Overview
6.2 North America Adhesive Tapes Market –Revenue and Forecast to 2028 (US$ Million)
7. North America Adhesive Tapes Market Analysis – By Resin Type
7.1 Overview
7.2 North America Adhesive Tapes Market, By Resin Type (2020 and 2028)
7.3 Acrylic
7.3.1 Overview
7.3.2 Acrylic: Adhesive Tapes Market – Revenue and Forecast to 2028 (US$ Mn)
7.4 Rubber
7.4.1 Overview
7.4.2 Rubber: Adhesive Tapes Market – Revenue and Forecast to 2028 (US$ Mn)
7.5 Silicone
7.5.1 Overview
7.5.2 Silicone: Adhesive Tapes Market – Revenue and Forecast to 2028 (US$ Mn)
7.6 Others
7.6.1 Overview
7.6.2 Others: Adhesive Tapes Market – Revenue and Forecast to 2028 (US$ Mn)
8. North America Adhesive Tapes Market Analysis – By Technology
8.1 Overview
8.2 North America Adhesive Tapes Market, By Technology (2020 and 2028)
8.3 Water-Based Adhesive Tapes
8.3.1 Overview
8.3.2 Water-Based Adhesive Tapes: Adhesive Tapes Market – Revenue and Forecast to 2028 (US$ Mn)
8.4 Solvent-Based Adhesive Tapes
8.4.1 Overview
8.4.2 Solvent-Based Adhesive Tapes: Adhesive Tapes Market – Revenue and Forecast to 2028 (US$ Mn)
8.5 Hot-Melt-Based Adhesive Tapes
8.5.1 Overview
8.5.2 Hot-Melt-Based Adhesive Tapes: Adhesive Tapes Market – Revenue and Forecast to 2028 (US$ Mn)
9. North America Adhesive Tapes Market Analysis – By Tape Backing Material
9.1 Overview
9.2 North America Adhesive Tapes Market, By Tape Backing Material (2020 and 2028)
9.3 Polypropylene (PP)
9.3.1 Overview
9.3.2 Polypropylene (PP): Adhesive Tapes Market – Revenue and Forecast to 2028 (US$ Mn)
9.4 Paper
9.4.1 Overview
9.4.2 Paper: Adhesive Tapes Market – Revenue and Forecast to 2028 (US$ Mn)
9.5 Polyvinyl Chloride (PVC)
9.5.1 Overview
9.5.2 Polyvinyl Chloride (PVC): Adhesive Tapes Market – Revenue and Forecast to 2028 (US$ Mn)
9.6 Others
9.6.1 Overview
9.6.2 Others: Adhesive Tapes Market – Revenue and Forecast to 2028 (US$ Mn)
10. North America Adhesive Tapes Market Analysis – By Application
10.1 Overview
10.2 North America Adhesive Tapes Market, By Application (2020 and 2028)
10.3 Packaging
10.3.1 Overview
10.3.2 Packaging: Adhesive Tapes Market – Revenue and Forecast to 2028 (US$ Mn)
10.4 Healthcare
10.4.1 Overview
10.4.2 Healthcare: Adhesive Tapes Market – Revenue and Forecast to 2028 (US$ Mn)
10.5 Automotive
10.5.1 Overview
10.5.2 Automotive: Adhesive Tapes Market – Revenue and Forecast to 2028 (US$ Mn)
10.6 Electrical and Electronics
10.6.1 Overview
10.6.2 Electrical and Electronics: Adhesive Tapes Market – Revenue and Forecast to 2028 (US$ Mn)
10.7 Building and Construction
10.7.1 Overview
10.7.2 Building and Construction: Adhesive Tapes Market – Revenue and Forecast to 2028 (US$ Mn)
10.8 Others
10.8.1 Overview
10.8.2 Others: Adhesive Tapes Market – Revenue and Forecast to 2028 (US$ Mn)
11. North America Adhesive Tapes Market – Country Analysis
11.1 Overview
11.1.1 North America: Adhesive Tapes Market, by Key Country
11.1.1.1 US: Adhesive Tapes Market –Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 US: Adhesive Tapes Market, by Resin Type
11.1.1.1.2 US: Adhesive Tapes Market, by Technology
11.1.1.1.3 US: Adhesive Tapes Market, by Tape Backing Material
11.1.1.1.4 US: Adhesive Tapes Market, by Application
11.1.1.2 Canada: Adhesive Tapes Market –Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Canada: Adhesive Tapes Market, by Resin Type
11.1.1.2.2 Canada: Adhesive Tapes Market, by Technology
11.1.1.2.3 Canada: Adhesive Tapes Market, by Tape Backing Material
11.1.1.2.4 Canada: Adhesive Tapes Market, by Application
11.1.1.3 Mexico: Adhesive Tapes Market –Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Mexico: Adhesive Tapes Market, by Resin Type
11.1.1.3.2 Mexico: Adhesive Tapes Market, by Technology
11.1.1.3.3 Mexico: Adhesive Tapes Market, by Tape Backing Material
11.1.1.3.4 Mexico: Adhesive Tapes Market, by Application
12. Impact of COVID-19 on North America Adhesive Tapes Market
12.1 North America: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Overview
13.2 Mergers & acquisition
14. Company Profiles
14.1 3M
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Nitto Denko Corporation
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 tesa SE
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Avery Dennison Corporation
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Intertape Polymer Group
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 LINTEC Corporation
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Berry Global Inc.
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Scapa
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Lohmann GmbH & Co.KG
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Rogers Corporation
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. North America Adhesive Tapes Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. US Adhesive Tapes Market, by Resin Type– Revenue and Forecast to 2028 (USD Million)
Table 3. US Adhesive Tapes Market, by Technology – Revenue and Forecast to 2028 (USD Million)
Table 4. US Adhesive Tapes Market, by Tape Backing Material – Revenue and Forecast to 2028 (USD Million)
Table 5. US Adhesive Tapes Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 6. Canada: Adhesive Tapes Market, by Resin Type– Revenue and Forecast to 2028 (USD Million)
Table 7. Canada Adhesive Tapes Market, by Technology – Revenue and Forecast to 2028 (USD Million)
Table 8. Canada Adhesive Tapes Market, by Tape Backing Material – Revenue and Forecast to 2028 (USD Million)
Table 9. Canada Adhesive Tapes Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 10. Mexico Adhesive Tapes Market, by Resin Type– Revenue and Forecast to 2028 (USD Million)
Table 11. Mexico Adhesive Tapes Market, by Technology – Revenue and Forecast to 2028 (USD Million)
Table 12. Mexico Adhesive Tapes Market, by Tape Backing Material – Revenue and Forecast to 2028 (USD Million)
Table 13. Mexico Adhesive Tapes Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Adhesive Tapes Market Segmentation
Figure 2. North America Adhesive Tapes Market Segmentation – By Country
Figure 3. North America Adhesive Tapes Market Overview
Figure 4. Rubber Segment Held Largest Share of the Market in 2020
Figure 5. The US Held Largest Share of the Market in 2020
Figure 6. Porter ‘s Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. North America Adhesive Tapes Market – Ecosystem Analysis
Figure 9. North America Adhesive Tapes Market Impact Analysis of Drivers and Restraints
Figure 10. North America: Adhesive Tapes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. North America Adhesive Tapes Market Revenue Share, By Resin Type (2020 and 2028)
Figure 12. North America Acrylic: Adhesive Tapes Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 13. North America Rubber: Adhesive Tapes Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 14. North America Silicone: Adhesive Tapes Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 15. North America Others: Adhesive Tapes Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 16. North America Adhesive Tapes Market Revenue Share, By Technology (2020 and 2028)
Figure 17. North America Water-Based Adhesive Tapes: Adhesive Tapes Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 18. North America Solvent-Based Adhesive Tapes: Adhesive Tapes Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 19. North America Hot-Melt-Based Adhesive Tapes: Adhesive Tapes Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 20. North America Adhesive Tapes Market Revenue Share, By Tape Backing Material (2020 and 2028)
Figure 21. North America Polypropylene (PP): Adhesive Tapes Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 22. North America Paper: Adhesive Tapes Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 23. North America Polyvinyl Chloride (PVC): Adhesive Tapes Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 24. North America Others: Adhesive Tapes Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 25. North America Adhesive Tapes Market Revenue Share, By Application (2020 and 2028)
Figure 26. North America Packaging: Adhesive Tapes Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 27. North America Healthcare: Adhesive Tapes Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 28. North America Automotive: Adhesive Tapes Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 29. North America Electrical and Electronics: Adhesive Tapes Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 30. North America Building and Construction: Adhesive Tapes Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 31. North America Others: Adhesive Tapes Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 32. North America: Adhesive Tapes Market, by Key Country – Revenue (2020) (USD Million)
Figure 33. North America: Adhesive Tapes Market Revenue Share, by Key Country (2020 and 2028)
Figure 34. US: Adhesive Tapes Market –Revenue and Forecast to 2028 (US$ Million)
Figure 35. Canada: Adhesive Tapes Market –Revenue and Forecast to 2028 (US$ Million)
Figure 36. Mexico: Adhesive Tapes Market –Revenue and Forecast to 2028 (US$ Million)
Figure 37. Impact of COVID-19 Pandemic in North American Country Markets
- 3M
- Avery Dennison Corporation
- Berry Global Inc.
- Intertape Polymer Group
- LINTEC Corporation
- Lohmann GmbH & Co.KG
- Nitto Denko Corporation
- Rogers Corporation
- Scapa
- tesa SE
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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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