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The market size of hot melt adhesive tapes is projected to grow from USD 15.5 billion in 2019 to USD 21.7 billion by 2024, at a CAGR of 7.0%, during the forecast period. The global hot melt adhesive tapes market is witnessing high growth on account of increasing applications, technological advancements, and growing demand in the APAC region. Growing packaging market in emerging economies is a key factor providing growth opportunities to the market.
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Hot Melt Adhesive Tapes Market worth $21.7 billion by 2024 The report "Hot Melt Adhesive Tapes Market by Adhesive Resin (Rubber, Silicone), Backing Material (PP, Polyester), Product Type (Commodity, Specialty), Application (Packaging, Consumer & DIY, Masking, Healthcare & Hygiene) and Region - Global Forecast to 2024" The market size of hot melt adhesive tapes is projected to grow from USD 15.5 billion in 2019 to USD 21.7 billion by 2024, at a CAGR of 7.0%, during the forecast period. View Full Report : https://www.marketsandmarkets.com/Market-Reports/hot-melt-adhesive-tapes-market-138739970.html
Introduction The global hot melt adhesive tapes market is witnessing high growth on account of increasing applications, technological advancements, and growing demand in the APAC region. Growing packaging market in emerging economies is a key factor providing growth opportunities to the market. The market is witnessing a high growth due to the growing use of hot melt adhesive tapes in diverse applications. The increasing adoption of hot melt adhesive technology is also leading to the growth of the market. View Full Report : https://www.marketsandmarkets.com/Market-Reports/hot-melt-adhesive-tapes-market-138739970.html
Key Participants The 3M Company (US), Nitto Denko Corporation (Japan), tesa SE (Germany), Avery Dennison Corporation (US), Intertape Polymer Group Inc. (Canada), Shurtape Technologies, LLC (US), Scapa Group plc (UK), LINTEC Corporation (Japan), ACHEM Technology Corporation (Taiwan), TE Connectivity Ltd (Switzerland) are some of the players operating in the global market. Speak with Analyst View Full Report : https://www.marketsandmarkets.com/Market-Reports/hot-melt-adhesive-tapes-market-138739970.html
On The Basis Of Region: APAC is expected to be the largest and fastest-growing hot melt adhesive tapes market. The demand for hot melt adhesive tapes has increased in other APAC countries, such as South Korea, Singapore, India, and Indonesia, as the application activities in these countries have risen. China has been the driving force for the rapid expansion of the adhesive tapes market, not only in APAC, but also worldwide. In several countries, the factors affecting the packaging, which is a major application of hot melt adhesive tapes, are the increasing level of disposable income and population growth. These factors are positively influencing the hot melt adhesive tapes market growth. Download PDF View Full Report : https://www.marketsandmarkets.com/Market-Reports/hot-melt-adhesive-tapes-market-138739970.html
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