Growing Automotive Industry to Supplement Growth of Adhesive Tapes Market

Published Date : Jun 12, 2017

ALBANY, New York, June 12, 2017: has itemized the addition of a new market research report to its report repository. The research publication is titled, “2012-2022 Report On Global Adhesive Tapes Market Competition, Status And Forecast, Market Size By Players, Regions, Type, Application.” The market intelligence publication brings out an all-embracing imprint of the facets that are overruling the disparities that are present in the global market and compatibly assesses them evenly. The impression of some copious and disintegrating essentials have also been taken into understanding with same prominence in the market intelligence study. It also presents documents on the profile-raising and publicizing strategies, stocks, and supplies of the leading market players.

Adhesive tapes are combinations of variety of backing materials coated with an adhesive type. Based on the use, different varieties of adhesives and backing materials. There are different types of adhesive tapes present in the market such as pressure sensitive tape, water activated tape, het sensitive tape, and drywall tape. The market for global adhesive tapes is expected to progress at a steady rate over the forecast period. The growing number of automobiles and advancements in technology in the automotive industry are anticipated to accelerate the use of adhesive tapes across the globe. The rising prominence of light weight vehicles and the employment of screws, rivets, and bolts, and other different conventional fastening devices and techniques are being substituted by the use of strong adhesive tapes.

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On the contrary, strict regulations and rules governing the employment of and emission of different chemicals are likely to inhibit the growth of the global market for adhesive tapes over the coming years. Nevertheless, the progress of the packaging industry is expected to present promising growth prospects in the coming years. Furthermore, the proliferating number of applications is likely to have a major contribution towards the development of the global adhesive tapes market in the course of the forecast period.

Region-wise, the global market for adhesive tapes has been classified into India, Southeast Asia, Japan, China, Europe, and North America. The Asia region comprising countries in Southeast Asia, China, India, and Japan is expected to witness promising growth over the coming years owing to the progress in the manufacturing infrastructure, technological developments, and the abundance of raw materials. A significant contribution from China and India is projected to further supplement the growth of the market. North America is also expected to exhibit a strong demand for adhesive tapes owing to the rising manufacturing of automobiles.

Based on product, the market has been bifurcated into double sided adhesive tape and single sided adhesive tape. Based on end users, the market has been classified into healthcare, electrical and electronics, automotive, building and construction, consumer goods, packing, masking, and paper and printing. The key companies operating in the market are 3M, Henkel, Tape-Rite, Nitto Denko, Dow corning, Tesa, Bostik, Evans Adhesive, Saint-Gobain, Surface Shields, CCT Tapes, and H.B. Fuller, among many others.

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