DUBLIN--(BUSINESS WIRE)--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:
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
5.2 Market Dynamics
126.96.36.199 Increasing Adoption of Hot Melt Adhesive Technology
188.8.131.52 Growing Use of Hot Melt Adhesive Tapes in Diverse Applications
184.108.40.206 Lower thermal Resistance Than Solvent-Based and Water-Based Adhesive Tapes
220.127.116.11 Volatility in Raw Material Prices Leading to Fluctuation in Demand for Hot Melt Adhesive Tapes
18.104.22.168 Growing Packaging Market in Emerging Economies
22.214.171.124 Limited Use in High-Temperature Applications
5.3 Porter's Five Forces Analysis
5.4 Macro Indicator Analysis
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
6.2.1 SBC is the Major Rubber Resin Widely Used in Hot Melt Adhesive Tapes
6.3.1 Excellent Performance of Silicone-Based Hot Melt Adhesive Tapes on Low Surface Energy Substrates is Expected to Drive their Demand
7 Hot Melt Adhesive Tapes Market, By Backing Material
7.2.1 Polypropylene as A Backing Material is Excellent for High Volume Sealing
7.3.1 Low Absorption Properties of Polyester are Supporting Its Demand in Hot Melt Adhesive Tapes
8 Hot Melt Adhesive Tapes Market, By Tape Type
8.2 Single-Sided Tape
8.3.1 Double-Sided Tape
8.3.2 Transfer Tape
9 Hot Melt Adhesive Tapes Market, By Product Type
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
10.2.1 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
10.4.1 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
10.6.2 Building & Construction
10.6.3 Electrical & Electronics
11 Hot Melt Adhesive Tapes Market, By Region
12 Competitive Landscape
12.2 Competitive Leadership Mapping, 2018
12.2.1 Visionary Leaders
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
13.11 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.
13.11.12 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