Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 50.1 Billion | USD 80.1 Billion | 5.5% | 2022 |
FrequentlyAsked Questions
Adhesive tapes are a blend of base materials and adhesive films used for bonding two objects together. Moreover, the base materials and adhesives are chosen as per their application requisites. Reportedly, these adhesive tapes ease the item packaging as they have the ability to hold the layers of packaged items and enable their transportation. Reportedly, adhesive tapes facilitate operations even at lower temperatures, thereby easing a large number of industrial processes.
The global adhesive tapes market is projected to expand over 2023-2030 due to a rise in the use of adhesive tapes in HVAC, insulation, glazing, and abatement in the countries of APAC, the Middle East, and South America
According to study, the global adhesive tapes market size was $50.1 billion in 2022 and is projected to reach $80.1 billion by the end of 2030.
The global adhesive tapes market is anticipated to record a CAGR of nearly 5.5% from 2023 to 2030.
The Asia-Pacific adhesive tapes industry is set to register the fastest CAGR over the forecasting period subject to the thriving automotive manufacturing sector in the countries such as Malaysia, Indonesia, India, China, Japan, and Thailand. The flourishing healthcare sector in China will contribute majorly towards the growth of the adhesive tapes market in the Asia-Pacific zone.
The global adhesive tapes market is led by industry players such as Intertape Polymer Group, The 3M Company, Nitto Denko Corporation, Lohmann GmbH, Scapa Group PLC, Rogers Corporation, tesa SE, Avery Dennison Corporation, Berry Global Inc., LINTEC Corporation, Surface Shields, NICHIBAN CO., LTD, Advance Tapes International, and CMS Group of Companies.
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