The ultra high bond (UHB) tape market is projected to reach US$ 1,458.6 million by 2034, growing at a steady CAGR of 4.0% from its valuation of US$ 985.4 million in 2024. A new forecast from FMI predicts a significant increase in UHB tape revenue from 2024 to 2034.
The growing emphasis on fuel efficiency and sustainability led to an increasing demand for lightweight materials in the manufacturing sector, such as automotive, aerospace, and construction. Increasing demand for UHB in customers enhances the growth of the market.
| Attributes | Details |
|---|---|
| Market Value for 2024 | US$ 985.4 million |
| Projected Market Value for 2034 | US$ 1,458.6 million |
| Value-based CAGR of the Market for 2024 to 2034 | 4.0% |
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An in-depth analysis has been conducted on three closely related markets, namely the ultra high bond (UHB) tape market, the rubber tape market, and the filament tapes market. Despite their close relation, each market has unique features and serves different consumer demands.
The ultra high bond (UHB) tape market is observing significant growth due to strong bonding capabilities and suitability for company use. Rubber tape is demanding in the electrical industries and the filament tapes market is known for its high tensile strength and resistance to tearing and puncture. These tapes are made of fiberglass-reinforced backing materials with superior strength and durability.
These three tape markets cater to different needs and industries, making them essential components of various applications.
Ultra High Bond (UHB) Tape Market:
| Attributes | Ultra High Bond (UHB) Tape Market |
|---|---|
| Value-based CAGR (2024 to 2034) | 4.0% |
| Projected Market Value (2034) | US$ 1,458.6 million |
| Market Trend | Increased demand for UHB tape in automotive and construction industries. |
| Growth Factor | Expanding application scope for UHB tape in various industries. |
Rubber Tape Market:
| Attributes | Rubber Tape Market |
|---|---|
| Value-based CAGR (2024 to 2034) | 4.5% |
| Projected Market Value (2034) | US$ 1,483.7 million |
| Market Trend | Leading rubber tape players expanding product portfolio to cater to diverse industries. |
| Growth Factor | Increasing demand for eco-friendly rubber tapes with biodegradable adhesives |
Filament Tapes Market:
| Attributes | Filament Tapes Market |
|---|---|
| Value-based CAGR (2024 to 2034) | 7.1% |
| Projected Market Value (2034) | US$ 10,477.1 million |
| Market Trend | Growing demand for sustainable Filament Tapes in the market. |
| Growth Factor | Filament Tapes promote sustainability and environmental stewardship through localization. |
Principal Consultant
With the growing demand for 0.5mm ultra high bond tape in the automotive industry and its revolutionary impact on assembly processes, it's evident that both segments are leading the way in the ultra high bond tape market.
Ultra high bond tape, with a thickness of up to 0.5mm, is predicted to account for 63.3% of the market share by 2024. The ultra high bond tape with a thickness of 0.5 mm is in high demand in the automotive industry. These tapes can endure harsh environmental conditions, temperature fluctuations, and mechanical stress, making them an ideal choice for automotive applications increasing demand enhances the market growth.
| Attributes | Details |
|---|---|
| Thickness | Upto 0.5 mm |
| Market Share (2024) | 63.3% |
The automotive industry segment is projected to hold 39.1% of the market share by 2024, driven by factors such as the growth of ultra high bond tape. The automotive industry has a high demand for ultra-high-bond. The tape provides excellent adhesion to various substrates, including metals, plastics, and composites, ensuring a secure and long-lasting bond. The use of ultra high bond tapes in the automotive industry has increased significantly due to the industry's focus on lightweight, fuel efficiency, and sustainability.
| Attributes | Details |
|---|---|
| End use industry | Automotive |
| Market Share (2024) | 39.1% |
The ultra high bond tape market is analyzed across key regions like North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa, each with unique market characteristics and opportunities.
| Countries | CAGR (2024 to 2034) |
|---|---|
| United State | 2.5% |
| United Kingdom | 2.6% |
| Germany | 2.0% |
| China | 5.9% |
| India | 6.7% |
The United States market is projected to grow at a CAGR of 2.5% over the forecast period, driven by several key factors. The UHB tapes are widely used in the automation industry for their strength and durability. High demand in multiple manufacturing sectors and construction industries drives the market growth.
The United Kingdom's UHB market is projected to grow at a CAGR of 2.6% from 2024 to 2034. The United Kingdom’s emphasis on sustainable construction practices drives the adoption of UHB tapes for essential bonding. UHB tape sales are driven by the demand from the aerospace, automotive, and electronics industries.
The market in Germany is projected to grow at a CAGR of 2.0% in the forecast period. The growing need for reliable high-strength bonding solutions in various industries drives the demand for UHB tapes. Germany is a global leader in engineering and manufacturing. The automotive industry, including luxury car manufacturers, relies on UHB tapes for lightweight bonding solutions.
The market in China is projected to grow at a CAGR of 5.9% over the forecast period. Rapid industrialization and urbanization create a high demand for construction materials. China’s electronic market drives the need for reliable bonding solutions. The growth of the construction and electronics industries drives the UHB tape demand in China.
The market in India is projected to grow at a CAGR of 6.7% during the forecast period, driven by several key factors. Technological advancements and lower labor costs have attracted players to India, leading to increased use of ultra high bond (UHB) tape in the automobile sector. The growing automotive industry in India is expected to drive demand for automotive tape, including UHB tape, due to the industry's rapid growth and increased exports.
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The ultra high bond tape market is anticipated to grow pointedly due to growing demand for industries like automotive, construction, and aerospace. However, the rising trend of miniaturization of electronic components is also fueling the demand for ultra high bond tapes.
Some of the key players in the market include 3M, Avery Dennison Corporation, Nitto Denko Corporation, and Lintec Corporation. 3M is known for its VHB (Very High Bond) tapes that offer excellent holding power and conformability to a variety of surfaces. Avery Dennison Corporation and Nitto Denko Corporation offer ultra high bond tapes suitable for bonding metal, glass, and plastic surfaces and high adhesion strength tapes suitable for automotive, construction, and electronics industries, respectively.
Recent Developments in the Ultra High Bond (UHB) Tape Market
The ultra high bond (UHB) tape market is estimated to be US$ 985.4 million in 2024.
The ultra high bond (UHB) tape market is expected to increase at a CAGR of 4.0% over the forecast period.
The ultra high bond (UHB) tape market is expected to register a CAGR of 10.60% in China from 2024 to 2034.
The ultra high bond (UHB) tape market is forecasted to reach US$ 1,458.6 million by 2034.
Some key players are 3M Company, ORAFOL Europe GmbH, and LAMATEK, Inc.
The thickness up to 0.5 mm is a leading segment in the ultra high bond (UHB) tape market.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Manufacturer 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Thickness 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Thickness, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Thickness, 2024 to 2034 5.3.1. Less than 30 mm 5.3.2. 30 to 50 mm 5.3.3. 51 mm and Above 5.4. Y-o-Y Growth Trend Analysis By Thickness, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Thickness, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use Industry 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End Use Industry, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End Use Industry, 2024 to 2034 6.3.1. Automotive 6.3.2. Construction 6.3.3. Metallurgy 6.3.4. Others 6.4. Y-o-Y Growth Trend Analysis By End Use Industry, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By End Use Industry, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023 7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034 7.3.1. North America 7.3.2. Latin America 7.3.3. Western Europe 7.3.4. Eastern Europe 7.3.5. South Asia and Pacific 7.3.6. East Asia 7.3.7. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 8.2.1. By Country 8.2.1.1. USA 8.2.1.2. Canada 8.2.2. By Thickness 8.2.3. By End Use Industry 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Thickness 8.3.3. By End Use Industry 8.4. Key Takeaways 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Thickness 9.2.3. By End Use Industry 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Thickness 9.3.3. By End Use Industry 9.4. Key Takeaways 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. UK 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Western Europe 10.2.2. By Thickness 10.2.3. By End Use Industry 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Thickness 10.3.3. By End Use Industry 10.4. Key Takeaways 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Poland 11.2.1.2. Russia 11.2.1.3. Czech Republic 11.2.1.4. Romania 11.2.1.5. Rest of Eastern Europe 11.2.2. By Thickness 11.2.3. By End Use Industry 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Thickness 11.3.3. By End Use Industry 11.4. Key Takeaways 12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Bangladesh 12.2.1.3. Australia 12.2.1.4. New Zealand 12.2.1.5. Rest of South Asia and Pacific 12.2.2. By Thickness 12.2.3. By End Use Industry 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Thickness 12.3.3. By End Use Industry 12.4. Key Takeaways 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Thickness 13.2.3. By End Use Industry 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Thickness 13.3.3. By End Use Industry 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Thickness 14.2.3. By End Use Industry 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Thickness 14.3.3. By End Use Industry 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2023 15.1.2.1. By Thickness 15.1.2.2. By End Use Industry 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2023 15.2.2.1. By Thickness 15.2.2.2. By End Use Industry 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2023 15.3.2.1. By Thickness 15.3.2.2. By End Use Industry 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2023 15.4.2.1. By Thickness 15.4.2.2. By End Use Industry 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2023 15.5.2.1. By Thickness 15.5.2.2. By End Use Industry 15.6. UK 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2023 15.6.2.1. By Thickness 15.6.2.2. By End Use Industry 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2023 15.7.2.1. By Thickness 15.7.2.2. By End Use Industry 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2023 15.8.2.1. By Thickness 15.8.2.2. By End Use Industry 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2023 15.9.2.1. By Thickness 15.9.2.2. By End Use Industry 15.10. Poland 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2023 15.10.2.1. By Thickness 15.10.2.2. By End Use Industry 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2023 15.11.2.1. By Thickness 15.11.2.2. By End Use Industry 15.12. Czech Republic 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2023 15.12.2.1. By Thickness 15.12.2.2. By End Use Industry 15.13. Romania 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2023 15.13.2.1. By Thickness 15.13.2.2. By End Use Industry 15.14. India 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2023 15.14.2.1. By Thickness 15.14.2.2. By End Use Industry 15.15. Bangladesh 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2023 15.15.2.1. By Thickness 15.15.2.2. By End Use Industry 15.16. Australia 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2023 15.16.2.1. By Thickness 15.16.2.2. By End Use Industry 15.17. New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2023 15.17.2.1. By Thickness 15.17.2.2. By End Use Industry 15.18. China 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2023 15.18.2.1. By Thickness 15.18.2.2. By End Use Industry 15.19. Japan 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2023 15.19.2.1. By Thickness 15.19.2.2. By End Use Industry 15.20. South Korea 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2023 15.20.2.1. By Thickness 15.20.2.2. By End Use Industry 15.21. GCC Countries 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2023 15.21.2.1. By Thickness 15.21.2.2. By End Use Industry 15.22. South Africa 15.22.1. Pricing Analysis 15.22.2. Market Share Analysis, 2023 15.22.2.1. By Thickness 15.22.2.2. By End Use Industry 15.23. Israel 15.23.1. Pricing Analysis 15.23.2. Market Share Analysis, 2023 15.23.2.1. By Thickness 15.23.2.2. By End Use Industry 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Thickness 16.3.3. By End Use Industry 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. 3M Company 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. ORAFOL Europe GmbH 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. LAMATEK, Inc. 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. Achem Industries (YC Group) 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. Xiamen Weishen Technology Co., Ltd. 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. Hi-Bond Tapes Ltd 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. Gripking Tapes India Pvt. Ltd. 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. Tesa SE 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. Lohmann GmbH & Co.KG 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 17.1.10. Nitto Denko Corporation 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.10.5.2. Product Strategy 17.1.10.5.3. Channel Strategy 17.1.11. Interetape Polymer Group 17.1.11.1. Overview 17.1.11.2. Product Portfolio 17.1.11.3. Profitability by Market Segments 17.1.11.4. Sales Footprint 17.1.11.5. Strategy Overview 17.1.11.5.1. Marketing Strategy 17.1.11.5.2. Product Strategy 17.1.11.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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Ultra High Bond (UHB) Tape Market
