Adhesive Tapes Market Synopsis
Adhesives are indispensable parts of industrial processes in different end-user industry verticals. The growth of these domains is prompting the expansion of the Adhesive Tapes Market Size on the global front. This report by Market Research Future (MRFR) suggests that the global Adhesive Tapes Market Size is presumed to expand at 5% CAGR during the forecast period. The market, in terms of revenues earned, is likely to touch a mark of USD 62 Bn by 2022.
The exponential demand from the automotive industry is projected to play an important role in the proliferation of the Adhesive Tapes Market Size. Also, the product is extensively used in the construction industry. Thus, rising demand for automobiles and increasing investments in construction activities is poised to catapult the Adhesive Tapes Market Size on upward trajectory.
3M Company, Tesa SE, Avery Dennison Corporation, Nitto Denko Corporation, Henkel AG & Company KGaA, Lintec Corporation, Intertape Polymer Group, Shurtape Technologies LLC, Lintec Corporation, Lohmann GmbH & Co.KG., and Scapa Group Plc. are few of the eminent players of the Adhesive Tapes Market Size. These players are anticipated to invest in new technologies that are more effective and efficient. This, in turn, is presumed to accelerate competitiveness among the players of the Adhesive Tapes Market Size over the next couple of years. Some of the growth strategies to be employed by the key players in the market are – mergers & acquisitions, collaborations, product launches, strategic alliances, product portfolio development, etc.
O the basis of material, the global Adhesive Tapes Market Size has been segmented into paper, polypropylene, and polyvinyl chloride.
Based on the technology, the Adhesive Tapes Market Size has been segmented into solvent, hot melt, and others.
By application, the global Adhesive Tapes Market Size has been segmented into consumer, food & beverages, construction, healthcare, automotive, and others.
The global Adhesive Tapes Market Size is profiled in detail on the basis of regions. The four key regions identified in the analysis are - North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). These regions are further narrowed down to the level of prime country-level markets. North America is expected to retain the pole position over the next couple of years. The growth of the industrial sector in the region is expected to drive growth of the regional market in the coming years. However, the residential applications of these tapes are also projected to cater to a considerable fraction of the total demand. It is anticipated to lead the expansion of the Adhesive Tapes Market Size in the foreseeable future. Asia Pacific is observed to be witnessing rapid developments. It can be accredited to the rising developments in the industrial sector. Increasing urban population in the region is poised to drive the demand for residential applications, thus, supporting market growth.
Complete Report Details @ https://www.marketresearchfuture.com/reports/adhesive-tapes-market-1718
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