About Adhesive Tapes
Adhesive tapes stick to substances when pressure is applied, without the need for solvent, heat, or any other activator. Adhesives are coated on these tapes, either on one side or both sides. Many variants like single-sided, double-sided, adhesive transfer or transfer adhesive, single-coated, double-coated, carton sealing, masking, electrical and electronics are available in the market. Adhesive tapes are used for joining materials and the primary applications of these tapes includes bonding, sealing, packaging, and masking.
Technavio’s analysts forecast the global adhesive tapes market to grow at a CAGR of 4.73% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global adhesive tapes market for 2015-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors operating in the market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Adhesive Tapes Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Adhesive Tapes Market: 3M Company, Avery Dennison, Henkel AG, Nitto Denko, and Tesa.
Other Prominent Vendors in the market are: Advance Tapes International, Adhesives Research, Bostik, Dow Corning, Evans Adhesive, Franklin International, H.B. Fuller, Intertape Polymer Group, Lintec, Lohmann, LORD Corp., MACtac, Hexion, Nova Films and Foils, Powerband, Royal Adhesives & Sealants, RPM International, Scapa Group, and Shurtape Technologies.
Commenting on the report, an analyst from Technavio’s team said: “The demand for recyclable and eco-friendly adhesive tapes has increased due to the environmental regulations and consumer preferences toward environmentally-friendly products. These industrial tapes can be decomposed into carbon dioxide, water, and biomass. They also occupy less landfill space compared to ordinary industrial tapes. The biodegradable polymer is obtained by the polymerization of bio-based raw materials and is a good alternative to petroleum-based raw materials.”
According to the report, an increase in investment for the development of the healthcare industry by various countries has enhanced the demand in the global industrial tapes market. Tapes used in this industry use medical-grade adhesives. This will increase the demand for medical aids, thereby increasing the demand for adhesive tapes.
Further, the report states that an increase in the cost of raw materials and adhesives used in the production of adhesive tapes is a major challenge hindering the growth of the global adhesive tapes market.
3M Company, Avery Dennison, Henkel AG, Nitto Denko, Tesa, Advance Tapes International, Adhesives Research, Bostik, Dow Corning, Evans Adhesive, Franklin International, H.B. Fuller, Intertape Polymer Group, Lintec, Lohmann, LORD Corp., MACtac, Hexion, Nova Films and Foils, Powerband, Royal Adhesives & Sealants, RPM International, Scapa Group, Shurtape Technologies.
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