Adhesive Transfer Tapes Market Overview (2022-2032)
The global adhesive transfer tapes market is expected to be worth US$ 109.5 Billion by the end of 2022. The market experienced a Y-o-Y incline of 7.9% from 2021, increasing from its previous valuation of US$ 101.48 Billion.
According to Future Market Insights, the market shows significant promise during the 2022-2032 forecast period. As per the report, adhesive transfer tapes sales during the said period are expected to rise at an 8.1% CAGR, reaching US$ 238.58 Billion.
Data Points
Key Statistics
Adhesive Transfer Tape Market Value in 2021
US$ 101.448 Billion
Adhesive Transfer Tape Market Value in 2022
US$ 109.5 Billion
Adhesive Transfer Tape Market Value in 2032
US$ 238.58 Billion
Global Growth Rate (2022-2032)
8.1% CAGR
How Various End-Use Sectors are benefitting the Adhesive Transfer Tape Market?
The increasing application of adhesive transfer tape in various sectors, expanding urbanized population, and better healthcare systems are benefitting the adhesive transfer tape market.
Adhesive transfer tape are used in various end-use industries such as electrical & electronics, packaging, masking, consumer & office, automotive, paper & printing, white goods, and others. The growing application of adhesive transfer tape is projected to augment the market size in the coming time.
Nuts, bolts, and mechanical interlocks are conventional methods and are considered to be the strongest and most reliable joining techniques. By replacing conventional methods with adhesive transfer tape, new applications of adhesive transfer tape for fixing and fastening are developed.
These tapes eradicate challenges associated with the conventional method of fastening and enhance the lifespan of the product. Further, such tapes also eliminate rust & corrosion, lessen noise & vibration, manufacturing & assembly time, and develop product design. They are proven to enhance efficiency and performance while lessening production and material costs.
Players in the market have taken various initiatives that have benefitted the market significantly. For instance, in January 2020, Nitto Denko Corporation established its head office in Tokyo, in addition to the current head office in Osaka. The initiative helped the company in strengthening the Nitto Group and enhancing its brand value.
It also favored customers’ new value creation through the fusion of various lines of business and technologies held by the organization. In another instance, 3M Company launched upgraded sealing tape, Scotch High Tack Box Sealing Tape 375+, to meet packaging challenges. It assured high performance for e-commerce and other shipments and overcome ineffective box sealing tape challenges.
APAC is projected to expand at the highest CAGR during the forecast period. The expansion of the market can be attributed to the high demand for traditional wound care products like dry dressings, adhesive bandages, and first-aid kits. The growing awareness and advanced wound care are anticipated to strengthen the demand for new products in the region.
The rapid economic development along with significant investments across several sectors such as healthcare, automotive, electrical & electronics, and building & construction.
Moreover, new entities like Ajit Industries (India) and Nitto Denko (Japan) are establishing new plants for expanding their existing adhesive tape production units in the region. The benefits of shifting production to APAC include the low cost of production and the ability to better serve the local emerging markets.
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Adhesive Transfer Tape Market Overview
The growing demand of gift wrapping products and strengthening of the packaging industry are the key drivers of the global adhesive transfer tapes market. However, a large number of pressure-sensitive adhesive transfer tape manufacturers are facing the brunt of the regulatory restrictions imposed on the use of harmful chemicals and the emissions created during manufacture.
Acrylics have so far been the leading type of adhesive transfer tape used, followed by rubber and silicone. A massive chunk of the market’s revenue in 2015 was generated from the use of polypropylene as a backing material. Demand for adhesive transfer tape market is expected to be driven by swelling FMCG sector, clothing products and pharmaceuticals industry across the globe.
Adhesive Transfer Tape Market - Market Dynamics
Growth in demand for adhesive transfer tape market is expected to grow strongly for several reasons. Important factors contributing towards the growth of adhesive transfer tape market are allowing joint substrates with different geometries, sizes and composition.
On the other hand, variations in raw material availability and energy prices could make a negative effect on the adhesive transfer tapes market growth. However, alternative methods for adhesive transfer tapes packaging such as heat tape might hamper the growth of global adhesive transfer tape market globally.
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Adhesive Transfer Tape Market - Regional Outlook
Adhesive transfer tape market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. Among these region, North America and Europe are expected to collectively dominate the market throughout the forecast period due to huge retail industry.
However, many multinational packaging companies are ramping up their investments in Asia Pacific to tap the growing needs of supermarkets and hypermarkets in the region and government support towards boosting manufacturing ecosystem. Furthermore, Asia Pacific rise in prominence has resulted in organizational changes, many new packaging entrants has emerged over the last few years and many leading companies has set up their retail outlet in the region.
Asia Pacific is expected to be primarily driven by China, Japan and India. Latin America and Middle East & Africa are expected to witness slow and steady growth over the forecast period. In Latin America, Brazil and Mexico are expected to create market opportunities for companies involved in adhesive transfer tape.
Adhesive Transfer Tape Market - Major Players
Some of the major players identified across the globe in the heat sealing tape market are 3M, Kruse Adhesive Tape, Nitto Denko Corporation, Saint-Gobain, CCT Tapes, Surface Shields, Scapa Group PLC, tesa SE, Vibac Group S.p.a., Advance Tapes International, CMS Group of Companies, H.B.Fuller, K.L. & Ling, Lohmann GmbH & Co.KG., NICHIBAN CO., LTD., T-GLOBAL TECHNOLOGY CO., LTD., Shangrao City Dayu Tape Co., Ltd., Foshan Manzawa Adhesive Products Limited, Xiamen Naikos Industrial Co., Ltd., Shenzhen Minrui Adhesive Products Co., Ltd.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography type, adhesive type, tape type, usage type, and application.
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The Report covers exhaust Analysis on
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends /Issues/Challenges
Competition & Companies involved
Technology
Regional Analysis includes
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Adhesive Transfer Tape Market- Market Segmentation
Global adhesive transfer tape market is segmented by adhesive type, material type, form of tape, application tape, and by region.
On the basis of product type, the global adhesive transfer tape market can be segmented into
single-lined adhesive transfer tapes
double-lined adhesive transfer tapes
extended-liner adhesive transfer tapes
fiber or scrim reinforced adhesive transfer tapes
On the basis of material type, the global adhesive transfer tape market can be segmented into
acrylics
rubber
silicone
Others
On the basis of form of tape, the global adhesive transfer tape market can be segmented into
waterproof
heat-resistant
antistatic
holographic
anti-counterfeit
others
On the basis of application, the global adhesive transfer tape market can be segmented into
home textile
bag sealing
box & carton sealing
masking
pharmaceutical packaging
others
On the basis of region, we have segmented adhesive transfer tape market into
