Global Hot Melt Adhesive Tapes Market, By Adhesive Resin Type (Rubber, Silicone, and Others), Backing Material (Polypropylene (P.P.), Polyester and Others), Tape Type (Single-Sided Tape and Others), Product Type (Commodity Tapes and Specialty Tapes), Application (Packaging, Consumer and D.I.Y., Masking, Healthcare and Hygiene, and Others), and Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Hot Melt Adhesive Tapes Market
The hot melt adhesive tapes market is expected to witness market growth at a rate of 10.9% in the forecast period of 2021 to 2028. Data Bridge Market Research report on hot melt adhesive tapes market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the need from the packaging and non-woven products application is escalating the growth of the hot melt adhesive tapes market.
Hot melt adhesive is known to provide surface application on several materials like fabric, papers, cardboard, metals, plastics, and so forth due to its widespread demand for the D.I.Y. application. D.I.Y. application includes craft, paper, woodwork, and plastic packaging. Hot melt adhesives do not need to be curated and dried. They can be applied in the molten state and, therefore, can be bonded directly after the application.
Major factors that are expected to boost the growth of the hot melt adhesive tapes market in the forecast period are the rise in the acceptance of hot melt adhesive technology. Furthermore, the increase in the utilization of hot melt adhesive tapes in various applications is further anticipated to propel the growth of the hot melt adhesive tapes market. On the other hand, the lesser thermal resistance in comparison to the solvent-based and water-based adhesive tapes is further projected to impede the growth of the hot melt adhesive tapes market in the timeline period.
In addition, the rise in the packaging industry in the advancing countries will further provide potential opportunities for the growth of the hot melt adhesive tapes market in the coming years. However, the inadequate amount of utilization in high-temperature applications might further challenge the growth of the hot melt adhesive tapes market in the near future.
This hot melt adhesive tapes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the hot melt adhesive tapes market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Hot Melt Adhesive Tapes Market Scope and Market Size
The hot melt adhesive tapes market is segmented on the basis of adhesive resin type, backing material, tape type, product type, and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of adhesive resin type, the hot melt adhesive tapes market is segmented into rubber, silicone, and others.
- On the basis of backing material, the hot melt adhesive tapes market is segmented into polypropylene (P.P.), polyester and others.
- On the basis of tape type, the hot melt adhesive tapes market is segmented into single-sided tape and others.
- On the basis of product type, the hot melt adhesive tapes market is segmented into commodity tapes and specialty tapes.
- On the basis of application, the hot melt adhesive tapes market is segmented into packaging, consumer and D.I.Y., masking, healthcare and hygiene, and others.
Hot Melt Adhesive Tapes Market Country Level Analysis
The hot melt adhesive tapes market is analyzed, and market size, volume information is provided by country, adhesive resin type, backing material, tape type, product type, and application as referenced above.
The countries covered in the hot melt adhesive tapes market report are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, rest of the Middle East and Africa (M.E.A.) as a part of the Middle East and Africa (M.E.A.), Brazil, Argentina and rest of South America as part of South America.
The Asia Pacific dominates the hot melt adhesive tapes market due to the rise in the end-user industries such as packaging, electronics, and automotive. Furthermore, the increase in the demand for non-woven products will further boost the growth of the hot melt adhesive tapes market in the region during the forecast period. North America is projected to observe a significant amount of growth in the hot melt adhesive tapes market due to the growth in the automotive, woodworking, and construction sectors. Moreover, the occurrence of chief packaging producers is further anticipated to propel the growth of the hot melt adhesive tapes market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Hot Melt Adhesive Tapes Market Share Analysis
The hot melt adhesive tapes market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the hot melt adhesive tapes market.
The major players covered in the hot melt adhesive tapes market report are 3M, T.E. Connectivity, AVERY DENNISON CORPORATION, ACHEM, Beiersdorf AG, Shurtape Technologies, L.L.C., NITTO DENKO CORPORATION, Vibac S.p.a., Intertape Polymer Group, AMERICAN BILTRITE INC, hyStik Inc, American Casting MFG., General Sealants, FABO s.p.a., Irplast S.p.A., Pitamas, Pro Tapes & Specialties, Inc. and P.P.M. Industries Group among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (M.E.A.), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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