$21.7 Bn Hot Melt Adhesive Tapes Market by Adhesive Resin, Backing Material, Product Type, Application and Region - Global Forecast to 2024 - ResearchAndMarkets.com

DUBLIN--()--The "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" report has been added to ResearchAndMarkets.com's offering.

The Hot Melt Adhesive Tapes Market is Projected to Grow from USD 15.5 Billion in 2019 to USD 21.7 Billion By 2024, at a CAGR of 7.0% Between 2019 and 2024

APAC is the largest consumer of hot melt adhesive tapes. 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.

Consumer & DIY is the largest and fastest-growing application segment of the hot melt adhesive tapes market.

There has been a surge in demand for hot melt adhesive tapes in DIY applications, in APAC. Increasing public awareness for DIY is fueling the use of these tapes in different activities, such as gardening, crafting, and small construction & furniture projects. A majority of these tapes are used for different offices and household applications. Double-sided DIY tapes are used to stick together different components made from different materials, such as wood, glass, rubber, plastic, paper, cardboard, and metal.

APAC is the largest hot melt adhesive tapes market.

APAC accounts for the largest share, in terms of volume and value, of the global hot melt adhesive tapes market. It encompasses a diverse range of economies with different levels of economic development and multiple industries. The development is mainly attributed to the high economic growth rate followed by heavy investments across industries, such as automotive, consumer goods & appliances, building & construction, and furniture. The key market players are expanding their hot melt adhesive tapes production in APAC, especially in China and India.

The key companies profiled in this report are the 3M Company (US), Nitto Denko Corporation (Japan), tesa SE (Germany), Avery Dennison Corporation (US), and Intertape Polymer Group Inc. (Canada).

Major Players Profiled In This Report

  • The 3M Company US
  • Nitto Denko Corporation Japan
  • tesa SE Germany
  • Avery Dennison Corporation US
  • Intertape Polymer Group Inc. Canada
  • Scapa Group plc UK
  • TE Connectivity Ltd. Switzerland
  • Shurtape Technologies, LLC US
  • LINTEC Corporation Japan
  • ACHEM Technology Corporation Taiwan

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in the Hot Melt Adhesive Tapes Market

4.2 Hot Melt Adhesive Tapes Market, By Adhesive Resin Type

4.3 APAC Hot Melt Adhesive Tapes Market, By Application and Country

4.4 Overview of Hot Melt Adhesive Tapes Market

4.5 Hot Melt Adhesive Tapes Market: Developed vs. Developing Countries

4.6 Hot Melt Adhesive Tapes Market: Growing Demand From APAC

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Increasing Adoption of Hot Melt Adhesive Technology

5.2.1.2 Growing Use of Hot Melt Adhesive Tapes in Diverse Applications

5.2.2 Restraints

5.2.2.1 Lower thermal Resistance Than Solvent-Based and Water-Based Adhesive Tapes

5.2.2.2 Volatility in Raw Material Prices Leading to Fluctuation in Demand for Hot Melt Adhesive Tapes

5.2.3 Opportunities

5.2.3.1 Growing Packaging Market in Emerging Economies

5.2.4 Challenges

5.2.4.1 Limited Use in High-Temperature Applications

5.3 Porter's Five Forces Analysis

5.4 Macro Indicator Analysis

5.4.1 Introduction

5.4.2 Trends and Forecast of GDP

5.4.3 Trends in the Packaging Industry

5.4.4 Economic & Demographic Indicators

6 Hot Melt Adhesive Tapes Market, By Adhesive Resin Type

6.1 Introduction

6.2 Rubber

6.2.1 SBC is the Major Rubber Resin Widely Used in Hot Melt Adhesive Tapes

6.3 Silicone

6.3.1 Excellent Performance of Silicone-Based Hot Melt Adhesive Tapes on Low Surface Energy Substrates is Expected to Drive their Demand

6.4 Others

7 Hot Melt Adhesive Tapes Market, By Backing Material

7.1 Introduction

7.2 Polypropylene

7.2.1 Polypropylene as A Backing Material is Excellent for High Volume Sealing

7.3 Polyester

7.3.1 Low Absorption Properties of Polyester are Supporting Its Demand in Hot Melt Adhesive Tapes

7.4 Others

8 Hot Melt Adhesive Tapes Market, By Tape Type

8.1 Introduction

8.2 Single-Sided Tape

8.3 Others

8.3.1 Double-Sided Tape

8.3.2 Transfer Tape

9 Hot Melt Adhesive Tapes Market, By Product Type

9.1 Introduction

9.2 Commodity Tapes

9.2.1 Demand for Commodity Hot Melt Adhesive Tapes is Estimated to Grow in the Packaging and Retail Sectors

9.3 Specialty Tapes

9.3.1 The Growing Healthcare and Electrical & Electronic Industries are Generating Demand for Specialty Hot Melt Adhesive Tapes

10 Hot Melt Adhesive Tapes Market, By Application

10.1 Introduction

10.2 Packaging

10.2.1 Hot Melt Adhesive Tapes Have an Array of Packaging Applications

10.3 Consumer & Diy

10.3.1 Gardening, Crafting, and Small Construction & Furniture Projects are the Major Consumer & Diy Applications of Hot Melt Adhesive Tapes

10.4 Masking

10.4.1 APAC is the Largest Consumer of Masking Adhesive Tapes

10.5 Healthcare & Hygiene

10.5.1 Ease of Use and Removal, Reduced Risk of Infection, and Easy Availability are Driving the Demand

10.6 Others

10.6.1 Automotive

10.6.2 Building & Construction

10.6.3 Electrical & Electronics

11 Hot Melt Adhesive Tapes Market, By Region

12 Competitive Landscape

12.1 Overview

12.2 Competitive Leadership Mapping, 2018

12.2.1 Visionary Leaders

12.2.2 Innovators

12.2.3 Dynamic Differentiators

12.2.4 Emerging Companies

12.3 Competitive Benchmarking

12.3.1 Strength of Product Portfolio

12.3.2 Business Strategy Excellence

12.4 Market Ranking of Key Players

12.5 Competitive Situation & Trends

12.5.1 Investment & Expansion

12.5.2 Merger & Acquisition

12.5.3 New Product Launch

13 Company Profiles

13.1 3M Company

13.2 Nitto Denko Corporation

13.3 Tesa SE

13.4 Avery Dennison Corporation

13.5 Intertape Polymer Group, Inc.

13.6 Scapa Group Plc

13.7 TE Connectivity Ltd.

13.8 Lintec Corporation

13.9 Shurtape Technologies, LLC

13.10 ACHEM

13.11 Other Companies

13.11.1 Vibac Group

13.11.2 Advance Tapes International

13.11.3 American Biltrite Inc.

13.11.4 Industrias Tuk, S.A. De C.V. (Hystik Adhesive Tapes)

13.11.5 American Casting Mfg.

13.11.6 Atlas Tapes

13.11.7 Fabo S.P.A.

13.11.8 General Sealants Inc.

13.11.9 Irplast S.P.A.

13.11.10 Nar S.P.A.

13.11.11 Pitamas

13.11.12 PPM Industries

13.11.13 Pro Tapes & Specialties, Inc.

13.11.14 Tape Dynasty

For more information about this report visit https://www.researchandmarkets.com/r/pa9kyc

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Adhesives and Sealants

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Adhesives and Sealants