Market Outlook
The global Self Adhesive Tapes Market was valued at USD 53,064.3 Million in 2019 and is projected to reach USD 78,802.7 Million by 2027 expanding at a CAGR of 5.6 % during the forecast period, 2020-2027. Self-adhesive tapes are a mixture of materials and adhesives. They are used for bonding or linking objects together instead of using fasteners, screws, or welding. Using self-adhesive tapes instead of machine-driven fasteners favors low-temperature applications and simplifies manufacturing processes.
Additionally, self-adhesive tapes cover the surface area and reduce damages to the surface, such as those caused by using fasteners or screws. Self-adhesive tapes are ideal solutions for automated product manufacturing; whereas, liquid adhesives are difficult to use and time-consuming, as they need to be applied onto the surface before bonding occurs. Pressure-sensitive adhesive tapes are flexible strips of paper, plastic, metal, or foam coated on one or both sides with an adhesive at room temperature that helps materials to adhere to a variety of surfaces with light pressure and no change in phases.
Market Dynamics
The market is driven by factors such growing focus of auto manufacturers toward fuel-efficient vehicles increasing demand for self-adhesive tapes in the healthcare, electrical & electronics, and automotive industries, as manufacturers are focusing on presenting new ranges of goods with improved properties. Moreover, the low cost of raw materials and easy availability of labor for manufacturing self-adhesive tapes are increasing the manufacturing of low-priced tapes, which in turn, is fueling the global self-adhesive tapes market. Self-adhesive tapes consist of materials called a carrier or backing.
Segmental Outlook
Based on construction type, the global self-adhesive tapes market is segregated into single coated, transfer tape/unsupported, double coated, and self-wound. The single coated segment garnered high revenue in 2019. Double coated tapes use a backrest that includes a flat, web-based materials such as film, foil, paper, foam, or fabrics. In many cases, the backrest is treated with a release coating to allow stable release forces, or with a primer to ensure that the adhesive sticks to the correct side of the backrest.
The double coated segment accounted for a key share of the market in 2019, as a broad variety of industries are using double coated self-adhesive tapes for applications such as bonding, storing, mounting, splicing, and packaging. The double coated segment is anticipated to expand at a CAGR of over 6.4% during the forecast period. A release liner is used to keep adhesives from sticking to themselves. The release liner is typically silicone-coated paper or film-coated material. The demand for double-sided tapes is increasing and is used for decorating, mounting posters and heavy paintings on walls, sticking bits of wood together, and sound damping in interiors.
In terms of materials, the global self-adhesive tapes market is segregated into Polypropylene (PP), paper, PVC, and others. The polypropylene (PP) segment accounted for 63.0% share of the market in 2019; however, the PVC segment is anticipated to expand at a CAGR of 6.1% during the forecast period. The large share of the polypropylene (PP) segment is attributed to the fact that self-adhesive tapes made from PP have a smooth surface, which is essential for creating clean models. PP is robust, which ensures that one application can last for several prints until it has to be replaced. The others segment garnered a major share of the market in 2019. Other materials such as biaxially oriented polypropylene (BOPP) represents a foil strength of 25 to 32 microns and is economical to manufacture.
Adhesives made from acrylic are free from any volatile organic compounds (VOCs), and the lack of solvents ensures little or no friction of the tapes over time. In the case of longitudinal stretching, self-adhesive tapes made from BOPP are tear-resistant. It is non-toxic in incineration and fully recyclable.
Based on adhesives used, the global self-adhesive tapes market is segmented into water-based adhesives, hot-melt adhesives, and others. The hot melt adhesives segment accounted for 52.1% share of the market in 2019; however, the hot melt adhesive segment is anticipated to expand at a CAGR of 5.8% during the forecast period. The large share of the hot-melt adhesives segment is accredited to its high usage in the automotive manufacturing sector. Rise in the demand for lightweight automobiles, increases the demand for hot melt adhesives.
Hot-melt adhesives are used instead of mechanical fasteners, welded joints, and gaskets to minimize the weight of the vehicles. The water-based adhesives segment is projected to expand at a CAGR of 5.5% during the forecast period. Water-based adhesives have numerous uses for indoor and outdoor automotive applications. These adhesives minimize weight by replacing nuts and bolts. Several stablished welding and other mechanical fastening methods are likely to be replaced by water-based bonding adhesives due to their superior bonding capabilities.
Regional Outlook
In terms of region the market has been fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to account for a dominant share of 46.9% of the global market for self-adhesive tear tapes during the forecast period. Developing countries in South & East Asia are expected to account for key share of the market in the region during the forecast period, in terms of incremental opportunities and growth rate.
Emerging countries such as India and China have delivered significant opportunities to self-adhesive tear tape manufacturers and suppliers. North America accounts for market share of market. Manufacturers of self-adhesive tapes in North America are emphasizing on providing easy-to-open packaging items for customer comfort, protection, and security.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global Self Adhesive Tapes Market
- Historical, Current and Projected Market Size in terms of Value and Volume
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Self Adhesive Tapes Market Performance
Segments
By Construction Type
- Single Coated
- Transfer Tape/ Unsupported
- Double Coated
- Self Wound
By Material
- Polypropylene (PP)
- Paper
- PVC
- Others
By Adhesive Used
- Water-based Adhesive
- Hot Melt Adhesive
- Others
By Application
- Packaging
- Building & Construction
- Electrical & Electronics
- Automotive
- Medical
- Others
By Thickness (Micrometre)
- Less than 49
- 50 – 99
- More than 100
By Region
- North America
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- France
- Italy
- UK
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA
Key Market Players Profiled in the Report
- 3M
- ACHEM
- Atech Solutions Pty Ltd.
- AVERY DENNISON CORPORATION
- Berry Global Inc.
- Henkel
- Intertape Polymer Group
- LINTEC Corporation
- LUXKING
- NITTO DENKO CORPORATION
- Rogers Corporation
- Scapa
- Shanghai Smith Adhesive New Material Co., LTD
- SHUSHI GROUP CO.,LTD
- tesa SE
Competitive Landscape
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Top players in the market include 3M, LINTEC Corporation, and NITTO DENKO CORPORATION. These companies are considered as key manufacturers of electric water pumps for commercial & OHV based on their revenue, research development (R&D) activities, product offerings, regional presence, and supply chain management system.
- The players are adopting key strategies such as acquisition, collaborations, and geographical expansion where potential opportunity for the Self Adhesive Tapes Market.
- For instance, in July 2020, 3M in collaboration with MIT researchers is focusing on developing Rapid Diagnostic Test for COVID-19 virus. The diagnostic device can produce highly accurate results within minutes.
- In March 2020, 3M partnered with Ford Motor Company to increase the production of 3M’s powered air purifying respirators or PAPRs.
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