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Hot Melt Adhesive Tapes Market

Market Insights on Hot Melt Adhesive Tapes covering sales outlook, demand forecast & up-to-date key trends

Hot Melt Adhesive Tapes Market by Backing Material (Polypropylene (PP), Polyamide (PA), Poly-Urethanes (PU), Polyethylene Terephthalate (PET), Others), By Thickness (Below 25 micron, 26–35 micron, 36-50 micron, above 50 micron), By End Use (Automotive, Construction, Consumer Goods, Transportation & Logistics, Electrical & Electronics, Furniture and Woodworking) & Region forecast till 2032

Hot Melt Adhesive Tapes Market Overview

The hot melt adhesive tapes market is expected to register a CAGR of 6.5% during the forecast period, up from US$ 18.88 Bn in 2022 to reach a valuation of US$ 36.46 Bn by 2032.

Sales of hot melt adhesive tapes is expected to rise due to increased demand for hot melt adhesive tapes from packaging and non-woven goods applications.

Attributes

Details

Hot Melt Adhesive Tapes Market CAGR (2022-2032)

6.5%

Hot Melt Adhesive Tapes Market Value (2022)

US$ 18.88 Bn

Hot Melt Adhesive Tapes Market Value (2032)

US$ 36.46 Bn

The demand for hot melt adhesive tapes in D.I.Y. applications is rising rapidly as hot melt adhesive is recognized to give surface application on a variety of materials such as fabric, papers, cardboard, metals, plastics, and so on. Craft, paper, woodwork, and plastic packaging are examples of D.I.Y. applications.

Furthermore, the sales of hot melt adhesive tapes are on the rise as they do not require curing or drying. They can be applied in a molten state and, as a result, can be bonded immediately.

The surge in popularity of hot melt adhesive technology is likely to drive the demand for hot melt adhesive tapes throughout the forecast period.

Furthermore, the increased use of hot melt adhesive tapes in various applications is expected to drive the sales of hot melt adhesive tapes. On the other hand, the hot melt adhesive tapes market growth is expected to be hampered by its lower heat resistance when compared to solvent-based and water-based adhesive tapes over the forecast period. This factor is also projected to affect the sales of hot melt adhesive tapes during the forecast period.

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What are the Key Contributors to the Hot Melt Adhesive Tapes Market Share?

The demand for hot melt adhesive tapes is rising due to the expanding number of packaging applications in the transportation and logistics business. During the period 2022-32, properties such as high peel strength and good insulation are projected to boost the sales of hot melt adhesive tapes and drive the hot melt adhesive tapes market growth.

Furthermore, for the production of hot melt self-adhesive tapes, package makers are currently adopting bioplastic materials such as PHA, PLA, and others. Bioplastic materials used in hot melt self-adhesive tapes also have a higher tensile strength and may be printed on, which is propelling the hot melt adhesive tapes market share.

The sales of hot melt adhesive tapes are projected to grow as they help to maintain a clean package appearance and improve the visibility of graphics and logos printed on cartons and boxes.

Furthermore, a growing emphasis on display graphics over carton boxes is driving up demand for hot melt adhesive tapes over the forecast period. All of these reasons help to propel the market for hot melt adhesive tapes.

However, the market for hot melt adhesive tapes may face significant challenges in the near future due to a lack of utilization in high-temperature applications.

Which Region holds the Highest Growth Potential in the Hot Melt Adhesive Tapes Market?

During the projected period, Asia Pacific's emerging economies will account for a major proportion of the hot melt adhesive tapes market. More than half of the Asia Pacific hot melt adhesive tapes market is acquired by China and India.

The burgeoning transport and logistics business in the region has also contributed to the region's growth. China is ranked 27th in the World Bank's Logistic Performance Index.

Additionally, China represents new trade gateways between South America and Africa, enhancing the global logistics supply chain and benefiting the hot melt adhesive tapes market in the near future. During the forecast period, Latin America is expected to have a favorable impact on the hot melt adhesive tapes market.

Ismail Sutaria
Principal Consultant
LinkedIn
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How is the Competitive Landscape in the Hot Melt Adhesive Tapes Market?

Some of the global key players in the hot melt adhesive tapes market are Avery Dennison Corporation, Intertape Polymer Group Inc., The 3M Company, Shurtape Technologies, LLC, Irplast S.p.A., Mario Tapes, Hira Industries L.L.C, Scapa Group plc, LINTEC Corporation.

Tier 1 and 2 players in the hot melt adhesive tapes market are focusing on diversifying their product portfolios and extending their global reach. Tier 3 firms in the hot melt adhesive tapes market are focused on providing high-quality products, and this portion of the market is made up of unorganized competitors. The following are some recent developments in the hot melt adhesive tapes market.

Recent Developments

  • Avery Dennison, a manufacturer of hot melt adhesive tapes, is increasing its business in the hot melt adhesive tapes industry through acquisitions. In 2016, the company paid $190 million for Yongle Tape Company Ltd.
  • Tesa SE introduced a new tapes segment product line consisting of ultra-thin washi paper in May 2017.
  • To expand its global footprint, 3M purchased Acelity Inc., a healthcare solution firm, in May 2019.
  • Essentra Plc. is developing its business by spreading its reach in different parts of the world as of June 2018. For example, the corporation sold its consumer packaging plant in Bristol, United Kingdom.
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Report Scope

Report Attribute

Details

Growth rate

CAGR of 6.8% from 2022 to 2032

Base year for estimation

2021

Historical data

2014 - 2018

Forecast period

2022 - 2032

Quantitative units

Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis

Segments covered

Backing material, Thickness, end use, region

Regional scope

North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa

Key companies profiled

Avery Dennison Corporation, Intertape Polymer Group Inc., The 3M Company, Shurtape Technologies, LLC, Irplast S.p.A., Mario Tapes, Hira Industries L.L.C, Scapa Group plc, LINTEC Corporation

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs.

Frequently Asked Questions

The hot melt adhesive tapes market is forecasted to register a CAGR of 6.8% during the forecast period.

Key players holding substantial hot melt adhesive tapes market share include Avery Dennison Corporation, Intertape Polymer Group Inc., The 3M Company, Shurtape Technologies, LLC, Irplast S.p.A., Mario Tapes, Hira Industries L.L.C, Scapa Group plc, LINTEC Corporation

As per the analysis, the hot melt adhesive tapes market share is likely to be US$ 36.46 Bn by 2032.

Demand for hot melt adhesive tapes is likely to rise due to the expanding number of packaging applications in the transportation and logistics business.

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Ismail Sutaria
Principal Consultant
LinkedIn
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Hot Melt Adhesive Tapes Market