Global Adhesive Tapes Market is growing at a CAGR of 5.20% from 2017 to 2025.

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Summary

The global Adhesive Tapesmarket was valued at USD 47.30billion in 2016 and is projected to reach USD 74.65billionby 2025, growing at a CAGR of 5.20% from 2017 to 2025. 

Press Release

The global Adhesive Tapesmarket was valued at USD 47.30billion in 2016 and is projected to reach USD 74.65billionby 2025, growing at a CAGR of 5.20% from 2017 to 2025. 
Adhesive tapes demand is increasing rapidly owing to new product innovation in many industries. Healthcare is the major consumer of adhesive tapes globally owing to increasing demand for medical devices. Asia Pacific industrial growth is expected to be a major booster for market growth globally.

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Market Dynamics:
1. Market Drivers
1.1 Growing demand in Asia Pacific
1.2 Technological advancements in adhesive technology
2. Market Restraints
2.1 Raw material price volatility
2.2 Stringent regulations regarding approval

Market Segmentation:
The global Adhesive Tapesmarket is segmented on the coating technology, function, backing material, application, and region.
1. By Coating Technology:
1.1 Solvent Based
1.2 Dispersion Based
1.3 Hot melt Based

2. By Function:
2.1 Water activated
2.2 Pressure Sensitive
2.3 Drywall
2.4 Dry sensitive

3. By Tape Backing Material:
3.1 Paper Backed
3.2 Polypropylene Backed
3.3 Polyvinyl Chloride Backed
3.4 Others

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4. By Tape Backing Material:
4.1 Commodity
4.1.1 Masking
4.1.2 Packaging
4.1.3 Household
4.1.4 Others
4.2 Specialty
4.2.1 Automotive
4.2.2 Healthcare
4.2.3 Electronics and Electrics
4.2.4 White Goods
4.2.5 Printing and Paper
4.2.6 Building and Construction
4.2.7 Retail
4.2.8 Others

5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America) 
5.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. 3M
2. Lohmann GmbH & Co. Kg
3. Nitto Denko
4. Scapa Group PLC
5. Tesa SE
6. Shurtape Technologies LLC
7. Avery Dennison Corporation
8. Lintec Corporation
9. Intertape Polymer Group Inc.
10. Henkel AG

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These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.