The global adhesive transfer tapes market is poised for substantial growth, with an estimated value of USD 109.5 billion by the end of 2022, according to a recent report by Future Market Insights (FMI). Following a year-on-year growth rate of 7.9% from 2021, the market is expected to accelerate at an 8.1% CAGR over the next decade, reaching a valuation of USD 238.58 billion by 2032.
Key Drivers of Market Growth
The rise of adhesive transfer tapes across diverse sectors, including automotive, packaging, consumer goods, and healthcare, has fueled the market’s expansion. This rapid increase is largely attributed to the need for efficient, durable, and lightweight fastening solutions, with these tapes replacing traditional mechanical methods like nuts and bolts. Adhesive transfer tapes provide significant benefits, including:
- Corrosion and Rust Prevention: Enhanced product lifespan and reliability in demanding environments.
- Noise & Vibration Reduction: Improved comfort and performance in consumer electronics and automotive applications.
- Reduced Manufacturing Time and Costs: Easier assembly and installation processes leading to faster production cycles.
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Adhesive Transfer Tape Market – Market Dynamics:
Growth in demand for adhesive transfer tape market is expected to grow strongly for several reasons. Important factors contributing towards the growth of adhesive transfer tape market are allowing joint substrates with different geometries, sizes and composition.
On the other hand, variations in raw material availability and energy prices could make a negative effect on the adhesive transfer tapes market growth. However, alternative methods for adhesive transfer tapes packaging such as heat tape might hamper the growth of global adhesive transfer tape market globally.
Adhesive Transfer Tape Market – Regional Outlook:
Adhesive transfer tape market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. Among these region, North America and Europe are expected to collectively dominate the market throughout the forecast period due to huge retail industry.
However, many multinational packaging companies are ramping up their investments in Asia Pacific to tap the growing needs of supermarkets and hypermarkets in the region and government support towards boosting manufacturing ecosystem.
Furthermore, Asia Pacific rise in prominence has resulted in organizational changes, many new packaging entrants has emerged over the last few years and many leading companies has set up their retail outlet in the region. Asia Pacific is expected to be primarily driven by China, Japan and India.
Latin America and Middle East & Africa are expected to witness slow and steady growth over the forecast period. In Latin America, Brazil and Mexico are expected to create market opportunities for companies involved in adhesive transfer tape.
Adhesive Transfer Tape Market – Major Players
Some of the major players identified across the globe in the heat sealing tape market are 3M, Kruse Adhesive Tape, Nitto Denko Corporation, Saint-Gobain, CCT Tapes, Surface Shields, Scapa Group PLC, tesa SE, Vibac Group S.p.a., Advance Tapes International, CMS Group of Companies, H.B.Fuller, K.L. & Ling, Lohmann GmbH & Co.KG., NICHIBAN CO., LTD., T-GLOBAL TECHNOLOGY CO., LTD., Shangrao City Dayu Tape Co., Ltd., Foshan Manzawa Adhesive Products Limited, Xiamen Naikos Industrial Co., Ltd., Shenzhen Minrui Adhesive Products Co., Ltd.
Adhesive Transfer Tape Market- Market Segmentation
Global adhesive transfer tape market is segmented by adhesive type, material type, form of tape, application tape, and by region.
On the basis of product type, the global adhesive transfer tape market can be segmented into
- single-lined adhesive transfer tapes
- double-lined adhesive transfer tapes
- extended-liner adhesive transfer tapes
- fiber or scrim reinforced adhesive transfer tapes
On the basis of material type, the global adhesive transfer tape market can be segmented into
- acrylics
- rubber
- silicone
- Others
On the basis of form of tape, the global adhesive transfer tape market can be segmented into
- waterproof
- heat-resistant
- antistatic
- holographic
- anti-counterfeit
- others
On the basis of application, the global adhesive transfer tape market can be segmented into
- home textile
- bag sealing
- box & carton sealing
- masking
- pharmaceutical packaging
- others
On the basis of region, we have segmented adhesive transfer tape market into
- North America
- Latin America
- Europe
- Asia-Pacific
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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