Adhesive Tapes Market By Tape Backing Material (Paper Backed, Polypropylene Backed), By Category (Commodity, Specialty), By Geographic Scope And Forecast to 2029
Market Scenario : was valued at US$ 62.8 Bn. in 2021 and the total Adhesive Tapes revenue is expected to grow at 5.9% from 2022 to 2029, reaching nearly US$ 99.34 Bn.
Adhesive Tapes Market Overview:
The "Global Adhesive Tapes Market Analysis" is an in-depth look at the Adhesive Tapes market, with a focus on global market trends and analysis. This study seeks to provide an overview of the Adhesive Tapes industry as well as detailed market segmentation by segment and geography. The Adhesive Tapes market is expected to expand rapidly over the forecast period. The research contains critical information on the market positions of the top Adhesive Tapes firms, as well as significant industry trends and opportunities.
Market Scope:
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.
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Market Segments :
By End-Use Industry, the automotive segment is expected to grow at a CAGR of 7.8% during the forecast period. The automotive industry is a broad sector comprised of several organizations, firms, and industrial units that are either directly or indirectly connected with resin and tape manufacturers. These organizations are involved in the design, development, manufacturing, assembling, marketing, and selling of various automobiles. It is estimated that around 800,000-900,000 square meters of adhesive tapes may be used to serve this industry. Every day, these many adhesive tapes are used to connect and assemble the 2 to 5-kilometer wires that run inside a new automobile. Up to 50 adhesive tapes can be simply used in a single new vehicle. Adhesive tapes are commonly used to join various components to safeguard the assembly line process. They are used to fill production-related gaps or to hold trims/sills in place. These tapes are frequently used to grip screws and bolts so that chairs and dashboards may easily stay in place. During the painting of motor vehicles, several design departments utilize industrial tapes.
Key Companies For Adhesive Tapes Market :
• ATP
• Avery-Dennison
• Bagla Group
• Berry Global
• Bolex
• BondTape
• Bron
• Cantech
• Cattie Adhesives
• CCT
• Champion Tape
• Coroplast
• Dewal
• DIC
)Primary and secondary research is used to discover industry titans, while primary and secondary research is utilized to assess market revenue. The core research included in-depth interviews with a variety of thought leaders and industry experts, including experienced front-line personnel, CEOs, and marketing specialists. Secondary research comprised an examination of well-known manufacturers' annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then cross-checked against primary data. The following are a few companies working in the Adhesive Tapes industry.
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COVID-19 Impact Analysis on Adhesive Tapes Market:
Customer behaviour has changed as a result of the COVID-19 virus across all areas of society. Businesses, on the other hand, will need to revise their strategy to account for changing market supply. This report provides an overview of the COVID-19's influence on the Adhesive Tapes market and will assist you in developing your business in accordance with the new industry norms.
Under the COVID-19 Impact section, the Adhesive Tapes Market Report delivers a 360-degree research ranging from the agile supply chain and trade restrictions to regional government policies and the firm's future impact. Primary market research (2021-2027), instances of venture rivalry, the benefits and drawbacks of large corporate channels, and industry growth trends (2021-2027) have all been provided.
Key Questions Answered in the Adhesive Tapes Market Report are:
- How big is the market for Adhesive Tapes?
- Which regional market will emerge as the market leader in the next years?
- Which application category is expected to develop the fastest?
- What opportunities for growth could exist in the Adhesive Tapes industry in the next years?
- What are the most significant future challenges that the Adhesive Tapes market may face?
- Who are the market leaders in the Adhesive Tapes category?
- What are the main trends that are influencing market growth?
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