Adhesive Tapes Market Size Worth $112.5 Billion By 2030: IndustryARC
Global Adhesive Tapes Market size is predicted to reach $112.5 billion by 2030, growing at a CAGR of 6.1% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. Growing use in automotive manufacturing and increasing applications in the construction industry propels market growth, finds IndustryARC in its recent report, titled “Adhesive Tapes Market – By Bond Type (Temporary, and Permanent), By Bonding Type (Single Sided, and Double Sided), By Thickness (Less than 20 Microns, 20-30 Microns, 30-40 Microns, and Above 40 Microns), By Technology (Water Activated, Heat Activated, Pressure Sensitive Adhesives (PSA), and Others), By Product Type (Commodity Tapes, Speciality Tapes, and Others), By Resin Type (Silicones, Phenolics, Polyamides, Polyvinyl Acetate, Polyurethanes, Acrylics, Epoxies, Polysulfide, Butyl, Polyisobutylene, and Others), By Backing Material (Polypropylene, Polyester, Polyvinylchloride, Cloth, Paper, and Others), By Substrate (Ceramic, Metals, Plastic, Wood, Glass, Paper, and Others), By End-Use Industry (Building & Construction [Residential Construction (Independent Homes, Row Homes, Large Apartment Buildings, Others), Commercial Construction (Hospitals & Healthcare Infrastructure, Educational Institutes, Hotels & Restaurants, Banks and Financial Institutions, Airports, Shopping Malls, and Others), Industrial Construction, and Others], Automotive Industry (Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles), Aerospace & Defence, Marine, Locomotives, Healthcare (Wound Dressing, Surgery, Hygiene, Others), Packaging Industry (Food Packaging, Beverage Packaging, Personal Care & Cosmetics Packaging, Medical Packaging, Homecare Packaging, and Other Packaging), Electrical & Electronics (Home Appliance Components, Telecommunication Components, Industrial Electronics Components, and Others), Furniture & Woodworking, Power and Energy (Wind Energy, Oil & Gas, Solar, and Others), Leather Industry, Hygiene and Personal Care, and Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2024-2030”
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APAC to Register Highest Growth:
The Asia Pacific region is also poised to register the highest growth in the adhesive tapes market during the forecast period, driven by continuous industrial expansion and advancements across key sectors. Smart manufacturing and automation in China, South Korea, and India are increasing demand for specialized tapes in electronics and automotive industries. The region’s growing medical device sector, particularly in diagnostics and surgical supplies, is also contributing to market growth. Additionally, infrastructure projects in emerging economies are boosting demand for tapes used in insulation, bonding, and sealing. Companies are focusing on eco-friendly and high-performance adhesive solutions in response to tightening environmental regulations. For instance, In November 2022, Bostik introduced Bostik HM2060 for high-speed labels and Bostik HM2070 for eco-friendly packaging, addressing industry demands and new regulatory standards in India. With rapid urbanization and a growing middle class, APAC is set to lead the global adhesive tapes market in terms of growth.
Adhesive Tapes Market 2023-2030: Scope of the Report
Report Metric | Details |
Base Year Considered | 2023 |
Forecast Period | 2024–2030 |
CAGR | 6.1% |
Market Size in 2030 | $112.5 billion |
Segments Covered | By Bond Type, By Bonding Type, By Thickness, By Technology, By Product Type, By Resin Type, By Backing Material, By Substrate, By End-Use Industry, and By Region
|
Geographies Covered | North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East, and Africa). |
Key Market Players |
|
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Adhesive Tapes Market Report – Key Takeaways:
The Asia Pacific region is also poised to register the highest growth in the adhesive tapes market during the forecast period, driven by continuous industrial expansion and advancements across key sectors. Smart manufacturing and automation in China, South Korea, and India are increasing demand for specialized tapes in electronics and automotive industries. The region’s growing medical device sector, particularly in diagnostics and surgical supplies, is also contributing to market growth. Additionally, infrastructure projects in emerging economies are boosting demand for tapes used in insulation, bonding, and sealing. Companies are focusing on eco-friendly and high-performance adhesive solutions in response to tightening environmental regulations. For instance, In November 2022, Bostik introduced Bostik HM2060 for high-speed labels and Bostik HM2070 for eco-friendly packaging, addressing industry demands and new regulatory standards in India. With rapid urbanization and a growing middle class, APAC is set to lead the global adhesive tapes market in terms of growth.
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Key Opportunity Analysis:
Expansion in Sustainable Packaging Solutions
One of the key opportunities for adhesive tapes lies in the growing demand for sustainable packaging solutions. As environmental concerns continue to rise, businesses across various industries are seeking eco-friendly alternatives to traditional packaging materials. This shift creates a significant opportunity for manufacturers to develop recyclable, biodegradable, and water-activated adhesive tapes that align with sustainability goals. Companies that can offer innovative, environmentally friendly adhesive tapes will gain a competitive edge, particularly in sectors such as food & beverage, healthcare, and consumer goods, where sustainable packaging is increasingly mandated by both consumers and regulations.
Growing Adoption in Electric Vehicles (EVs)
The expanding electric vehicle (EV) market presents another lucrative opportunity for adhesive tapes. As automakers shift toward lightweight materials to improve battery efficiency and overall vehicle performance, adhesive tapes are being increasingly used in place of conventional fasteners like bolts and screws. Adhesive tapes offer weight reduction benefits, better bonding of dissimilar materials, and enhanced durability—essential qualities for EV production. With global EV sales projected to rise significantly, the demand for advanced adhesive tapes in battery assembly, insulation, and component bonding is set to grow, opening up new market possibilities.
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The report also covers the following areas:
- Adhesive Tapes Market Size and Forecast
- Adhesive Tapes Market Trends
- Adhesive Tapes Market Analysis by Product Type
Adhesive Tapes Market 2024-2030: Key Highlights
- CAGR of the market during the forecast period 2024-2030
- Value Chain Analysis of key stakeholders
- Detailed analysis of market drivers and opportunities during the forecast period
- Adhesive Tapes Market size estimation and forecast
- Analysis and predictions on end users’ behavior and upcoming trends
- Competitive landscape and Vendor market analysis including offerings, developments, and financials
- Comprehensive analysis of challenges and constraints in the Adhesive Tapes Market
Covid and Ukrainian Crisis Impact:
The COVID-19 pandemic temporarily disrupted the Adhesive Tapes Market due to supply chain delays and construction hold-ups. However, as the economy stabilizes and the building sector recovers, there has been a resurgence in demand driven by increased house repair projects and a heightened focus on energy efficiency.
The ongoing conflict between Russia and Ukraine has further exacerbated challenges by raising material costs and disrupting the supply chain. Trade restrictions and geopolitical tensions have contributed to market volatility, affecting the pricing and availability of materials and causing delays in projects.
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List of Key Market Players in the Adhesive Tapes Market:
The Global Adhesive Tapes Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:
- Tesa SE
- PPM Industries
- Scapa Industrial
- 3M
- Adchem Corp.
- Rochester Magnet Co.
- CAPLUGS
- Kruse Adhesive Tape, Inc.
- Nitto Denko Corporation
- Avery Dennison Corporation
Related Reports:
Global Automotive Adhesive Tapes Systems Market – Growing demand for automobiles, including passenger cars, commercial vehicles, and electric vehicles, has significantly driven the automotive Adhesive Tapes market. As vehicle production increases worldwide, the need for reliable Adhesive Tapess also rises.
South East Asia Adhesive Tapes Market – Increasing production and sales of vehicles in countries like Thailand, Indonesia, and Malaysia are driving the demand for Adhesive Tapess in both the OEM and aftermarket sectors.
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Contact Us:
Mr. Venkat Reddy
IndustryARC
Email: [email protected]
USA: (+1) 518-282-4727
Contact Information:
Mr. Venkat Reddy
Email: [email protected]
USA: (+1) 518-282-4727
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