Asia Pacific Adhesive Tapes Market
No. of Pages: 152 | Report Code: TIPRE00025713 | Category: Chemicals and Materials
No. of Pages: 152 | Report Code: TIPRE00025713 | Category: Chemicals and Materials
Many APAC countries, such as China and India, are among the world's fastest-growing populations. With a growing population, the automotive, packaging, and construction industries are witnessing high growth in APAC. With rising output in these sectors, the demand for adhesive tapes is increasing. The package printing industry is expanding in the region because of its wide range of applications. The existence of various established sectors, such as food & beverage and consumer electronics, in nations such as China, India, Japan, and South Korea has increased the demand for packaging solutions in the region. The surging consumption of processed food and rising technologies for packaging printing drive the growth of the adhesive tapes market in APAC. Adhesive tapes are a high-quality choice for applying labels on food & beverage goods as they are free of VOCs. Also, they are frequently used to attach labels to non-food items since they have a good grip on paper, plastic, and other labeling materials. Adhesive tapes are used in the packing industry to successfully seal boxes and cartons, as well as for pallet sealing and stability. The countries in APAC region are emerging and the construction business in these counties has a lot of potentials. Construction is an essential industry that contributes significantly to a country's economic progress. Large structures, bridges, dams, pipelines, road networks, ports, trains, and aqueducts are all examples of infrastructure construction. Construction operations in APAC propel the demand for adhesive tapes. The growing population in APAC fuels the growth of the automotive industry. Many worlds’ most prominent automotive manufacturers are based in APAC. The growing automobile industry in APAC accelerates the need for adhesive tapes. The growing packaging, automotive, and construction industries in APAC drive the growth of the adhesive tapes market in APAC.
Countries in APAC, especially India, are highly affected due to the COVID-19 outbreak. The outbreak pandemic is causing a significant economic loss in the region. The consequence and impact can be even worse and totally depends on the spread of the virus. The governments of various APAC countries are taking possible steps to restrict the spread of the virus by announcing lockdown, which, in turn, is restraining the revenue generated by the adhesive tapes market. The market has been impacted by the COVID-19 pandemic in a variety of ways. Several industries across the region have experienced sharp declines. In contrast, the healthcare industry has expanded since the outbreak due to high demand for PPE kits and medical equipment. With the economy on the mend, several industrial sectors and economies are strategically planning to invest in the healthcare sector. This is anticipated to fuel the adhesive tape market growth across the region during the forecast period.
Strategic insights for the Asia Pacific Adhesive Tapes provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 29,726.71 Million |
| Market Size by 2028 | US$ 42,688.91 Million |
| Global CAGR (2021 - 2028) | 5.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Resin Type
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia Pacific Adhesive Tapes refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The APAC adhesive tapes market is expected to grow from US$ 29,726.71 million in 2021 to US$ 42,688.91 million by 2028; it is estimated to grow at a CAGR of 5.3% from 2021 to 2028. Broad range of applications of adhesive tapes is expected to fuel the market growth. Adhesive tapes are material and adhesive film combinations used to bond or join objects instead of using screws, fasteners, or welding. The tape can protect the surface by not requiring fasteners or screws to protect the surface, thereby making it useful for various applications such as packaging, healthcare, automotive, electrical and electronics, building and construction, and others adhesive tapes are ideal for automated product production. Liquid adhesives are messy and time-consuming because they must be sprayed or rolled on the surface before bonding. Adhesive tapes have major applications in industries, such as packaging, healthcare, automotive, electrical and electronics, and building and construction. The growth of the market is mainly attributed to the widespread use of tapes in various applications such as packaging, healthcare, automotive, electrical and electronics, building and construction, and others. The rising use of flatter and microelectronic devices increases the use of adhesive tapes in the electrical and electronic industries. In addition, it is used in the healthcare industry for wound dressings, surgeries, splints, ostomy seals, and secure IV lines coupled with the increasing aging population and the growing incidence of chronic diseases. In the healthcare industry, the tape is used in surgical containers, monitoring electrodes, and other medical equipment, as well as wound care applications. The health market continues to grow due to innovative products. Additionally, in the building and construction industry, adhesive tapes are used in commercial, industrial, and residential buildings for wall coverings or decorative trims, bonding and mounting components on windows and doors, protective bumper rails to walls and furniture, and panels to frames, due to the growing adoption of such products for protection and bonding. Such a wide application scope of adhesive tapes drives the growth of the APAC adhesive tapes market.
In terms of resin type, the rubber segment accounted for the largest share of the APAC adhesive tapes market in 2020. In terms of technology, the solvent-based adhesive tapes segment held a larger market share of the APAC adhesive tapes market in 2020. In terms of tape backing material, the polypropylene (PP) segment held a larger market share of the APAC adhesive tapes market in 2020. Further, the automotive segment held a larger share of the APAC adhesive tapes market based on application in 2020.
A few major primary and secondary sources referred to for preparing this report on the APAC adhesive tapes market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 3M, Avery Dennison Corporation, Berry Global Inc., Intertape Polymer Group, LINTEC Corporation, Lohmann GmbH & Co.KG, Nitto Denko Corporation, Rogers Corporation, Scapa, and tesa SE.
The Asia Pacific Adhesive Tapes Market is valued at US$ 29,726.71 Million in 2021, it is projected to reach US$ 42,688.91 Million by 2028.
As per our report Asia Pacific Adhesive Tapes Market, the market size is valued at US$ 29,726.71 Million in 2021, projecting it to reach US$ 42,688.91 Million by 2028. This translates to a CAGR of approximately 5.3% during the forecast period.
The Asia Pacific Adhesive Tapes Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Adhesive Tapes Market report:
The Asia Pacific Adhesive Tapes Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Adhesive Tapes Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Adhesive Tapes Market value chain can benefit from the information contained in a comprehensive market report.
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