Structural Adhesives Tapes Market by Resin Type (Acrylics, Rubber, Silicone, Others) and Application (Automotive, Healthcare, Building & Construction, Electronics & Electrical, Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026762 | Pages: 100 | Industry: Chemicals and Materials | Date: Oct 2022 | Type: Global

The market crossed US$ 8 billion mark in 2022 and is expected to hit US$ 12 billion by 2030, recording a CAGR of 4.4% during the forecast period.

Rising demand of structural adhesive tapes for various applications.

The increasing application of structural adhesive tapes in diverse end-use industries is expected to drive the market. Electrical & electronics, healthcare, automotive, building & construction, and other end-use industries utilize adhesive tapes. The use of adhesive tapes in the electrical and electronics industry is expanding as the trend toward flatter and microelectronic devices continues. During the forecast period, the structural adhesives tapes market in the healthcare & hygiene end-use industry is expected to increase at the fastest rate. Owing to an increase in demand from the health care industries, there has been substantial growth in the market for structural adhesive tapes.

Within the report, the market is segmented into resin type, application, and geography. By type, the market is segmented into acrylics, rubber, silicone, and others. By application, the market is divided into automotive, healthcare, building & construction, electronics & electrical, others. Geographically, the market is segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

European Green Deal will support the growth of adhesives

As per the Association of the European Adhesive and Sealant Industry (FEICA) report, each year in Europe, approximately 5 million tons of adhesives and sealants are manufactured and consumed. Manufacturers of adhesives supply over 250,000 separate materials for a wide range of applications. To lessen the impact of non-biodegradable adhesives, the European Union has come forward to sign a green deal and make the adhesive and sealant industry go green. Thus, the demand for structural adhesive tapes is increasing and is further expected to drive market growth.

Growing healthcare industry

In the healthcare industry, structural adhesive tapes are responsible for providing high-quality healthcare. Hence, different types of wearables, transdermal pads, and single- or double-sided medical tapes are used. Medical structural adhesive tapes are used for a variety of applications in the healthcare industry. These tapes help patients handle post-operative drains, ports, and other devices by keeping breathing tubes in place and securing intravenous lines. Thus, with the growing healthcare industry, the demand for structural adhesive tapes is increasing and is further anticipated to propel market growth.

Recent strategic developments in the structural adhesive tapes market

The structural adhesives tapes market has undergone several significant developments, and a few of these have been mentioned below:

  • In February 2019, Intertape Polymer expanded its manufacturing plant in Midland, North Carolina, by adding its second water-activated tape line. This expansion will increase the production of tapes by two folds.
  • In October 2019, 3M Company acquired Acelity Inc. and its KCI divisions, namely, Kinetic Concepts, Inc. (Texas, US). It is a leading global medical technology firm that focus on specialist surgical applications and specialized wound management. KCI is a global producer of medical technology for wounds and wound healing.

The structural adhesives tapes market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. 3M Company, Avery Dennison Corporation, Tesa SE, Nitto Denko Corporation, Lintec Corporation are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Structural adhesives tapes manufacturer
  • Packaging related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policymakers
  • Venture capitalists, private equity firms, and start-up companies
  • Research institutes, organizations, and consulting companies

 

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type
  • Acrylics
  • Rubber
  • Silicone
  • Others
  • Application
  • Healthcare
  • Building & Construction
  • Automotive
  • Electronic & Electrical
  • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
  • 3M Company
  • Avery Dennison Corporation
  • Tesa SE
  • Nitto Denko Corporation
  • Lintec Corporation

The List of Companies
- 3M Company
- Avery Dennison Corporation
- Tesa SE
- Nitto Denko Corporation
- Lintec Corporation

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