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Adhesive Tapes Industry

Adhesive Tapes Industry

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Adhesive Tapes Industry

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  1. Summary Global Adhesive Tapes Industry Information by Material (Polypropylene, Paper, and Polyvinyl Chloride) by Technology (Hot Melt, Solvent, and others) by Application (Healthcare, Food & Beverages, Construction, Automotive, Consumer and others) and Region - Forecast to 2022 Adhesive Tapes Industry Synopsis The market for adhesive tapes is driven by the growth of packaging and healthcare industries. It is an application based market and relies heavily on its usage across sectors like food & beverages, construction, automotive among others.A major chunk of the consumption of these tapes is attributed to its use in packaging across all the sectors both as commodity tapes and specialty tapes.Furthermore increasing demand from healthcare industry has augmented the market for adhesive tapes. APAC with its positive growth numbers and economic outlook has proved to be a potential market for such tapes across all the industries. In coming few years APAC is expected to be the fastest growing market with high consumption value of these tapes. Healthcare is the largest market by application due to its varied use in surgical containers, monitoring electrodes, and other medical devices. The segment is likely to witness rapid growth due to increasing demand from APAC region, which is also anticipated to be the fastest growing market due increased awareness about health risks and diseases. The global Adhesive Tapes Industry is expected to cross USD 62 Billion by 2022. The market is expected to grow at a CAGR of approximately 5% in the forecasted period. Request For Sample @ https://www.marketresearchfuture.com/sample_request/1718 Competitive Dashboard 3M Company, Tesa SE, Avery Dennison Corporation, Nitto Denko Corporation, Henkel AG & Company KGaA, Lintec Corporation, Intertape Polymer Group, Shurtape Technologies LLC, Lintec Corporation, Lohmann GmbH & Co.KG., and Scapa Group Plc. are few of the eminent players of the Adhesive Tapes Industry. These players are anticipated to invest in new technologies that are more effective and efficient. This, in turn, is presumed to accelerate competitiveness among the players of the Adhesive Tapes Industry over the next couple of years. Some of the growth strategies to be employed by the key players in the market are – mergers & acquisitions, collaborations, product launches, strategic alliances, product portfolio development, etc. Market Segmentation O the basis of material, the global Adhesive Tapes Industry has been segmented into paper, polypropylene, and polyvinyl chloride.

  2. Based on the technology, the Adhesive Tapes Industry has been segmented into solvent, hot melt, and others. By application, the global Adhesive Tapes Industry has been segmented into consumer, food & beverages, construction, healthcare, automotive, and others. Regional Analysis The global Adhesive Tapes Industry is profiled in detail on the basis of regions. The four key regions identified in the analysis are - North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). These regions are further narrowed down to the level of prime country-level markets. North America is expected to retain the pole position over the next couple of years. The growth of the industrial sector in the region is expected to drive growth of the regional market in the coming years. However, the residential applications of these tapes are also projected to cater to a considerable fraction of the total demand. It is anticipated to lead the expansion of the Adhesive Tapes Industry in the foreseeable future. Asia Pacific is observed to be witnessing rapid developments. It can be accredited to the rising developments in the industrial sector. Increasing urban population in the region is poised to drive the demand for residential applications, thus, supporting market growth. Industry News In September 2019, Avery Dennison Performance Tapes, based out of the U.S., has announced the launch of an updated global website for designers, engineers, converters, and specifiers. In May 2019, Lohmann Technologies Medical Division, an adhesive specialist, has announced the launch of its latest surgical tape, DuploMED SUR 624000, at Med-Tech Innovation Expo. In April 2019, 3M company, an American multinational conglomerate corporation, has announced the launch of role adhesives for wearables, Extended Wear Medical Transfer Adhesive 4075. Complete Report Details @ https://www.marketresearchfuture.com/reports/adhesive- tapes-market-1718 About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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