Adhesive Tapes - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Adhesive Tapes Market is accounted for $53.99 billion in 2018 and is expected to reach $105.25 billion by 2027 growing at a CAGR of 7.7% during the forecast period. Some of the main factors propelling the market growth are need for adhesive applications in various industries and increasing urbanization. However, fluctuation in the price of raw materials is the restraining factor for the growth of the market.
Adhesive tape refers to any kind of combinations of backing materials coated with an adhesive and a release liner if needed. The adhesive-coated backing or carrier is then wound up to form a long jumbo roll of tape.
By end user, the healthcare segment is expected to grow at a significant market share during the forecast period due to high demand of adhesive products in this sector. Increasing surgical procedures also propel the growth of this segment. On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period because of the low costs of raw materials and easy availability of cheap labour.
Some of the key players in Adhesive Tapes Market include Nitto Denko Corporation, 3M Company, LINTEC Corporation, Tesa SE, Shurtape Technologies LLC, Avery Dennison Corporation, Lohmann GmbH & Co. KG, Intertape Polymer Group Inc, Mactac LLC, Scapa Group plc, CCT Tapes, Echotape, Nichiban Co Ltd, Saint Gobain, and Boston Tapes SPA.
Resin Types Covered:
• Ethylene-vinyl acetate (EVA)
Material Types Covered:
End Users Covered:
• Consumer and Office
• Electrical and Electronics
• Building and Construction
• Paper & Printing
• White Goods
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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