North America Adhesive Tapes Market, By Resin Type (Acrylic, Rubber, Silicone, Others), Material (Polypropylene, Paper, Polyvinyl Chloride, Others), Technology (Solvent-based, Hot-Melt Based, Water-Based), Category (Commodity Adhesive Tapes, Specialty Adhesive Tapes), End-Use (Packaging, Masking, Consumer and Office, Specialty Adhesive Tapes, Electrical and Electronics, Healthcare, Automotive, Paper and Printing, Building and Construction, Retail, Defense, Food and Beverage, Wind Energy, Solar Energy, Sports, Aerospace), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2029.
Market Analysis and Insights North America Adhesive Tapes Market
Data Bridge Market Research analyses the North America adhesive tapes market will exhibit a CAGR of 5.62 for the forecast period of 2022-2029.
An adhesive tape is made up of a sticky chemical film and a backing substance that is used to temporarily or permanently assemble and connect things. Paper, plastic, foam, fabric, and foil are commonly used as backing materials, with a release liner on one side. The tape's adhesive is a viscoelastic substance that adheres to itself when pressure is applied and is frequently moisture sensitive. When compared to its counterparts, these tapes are less dirty, save time, and are more convenient.
The rise in government relief packages for strengthening healthcare system to handle COVID-19 will influence the growth rate of the adhesive tapes market. The rise in prevalence of environmental concerns in the target audience is the key elements driving market expansion. Along with this, the rise in the green buildings will increase the demand for the adhesive tapes market. The adhesive tapes market is also being driven by significant factors such as the upsurge in the level of disposable income and increasing urbanization. Furthermore, improving healthcare sector will enhance the growth rate of adhesive tapes market. Also, surging demand for adhesive tapes from various end-use industries such as automotive and food and beverages will be major factors influencing the growth of the adhesive tapes market. The increasing demand for eco-friendly water-based adhesive products and the advent of recyclable tapes manufactured from biodegradable polymers will positively impact the growth rate of the adhesive tapes market.
Moreover, innovations in electro-mobility and batteries and replacement of traditional fastening systems will create beneficial opportunities for the growth of the adhesive tapes market. Additionally, support to European Green Deal for adhesives and sealants and rising trend of online shopping will cushion the demand for retail packaging and distribution materials and hence provide lucrative opportunities for market's growth.
However, fluctuating prices of raw material will hamper the adhesive tapes market's growth rate. Also, implementation of strict regulatory policies and intense competition between market players will further pose challenges to the growth of adhesive tapes market.
This North America adhesive tapes market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 North America 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.
North America Adhesive Tapes Market Scope and Market Size
The adhesive tapes market is segmented on the basis of resin type, material, technology, category and end-use. 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 market.
- On the basis of resin type, the adhesive tapes market is segmented into acrylic, rubber, silicone, and others.
- On the basis of material, the adhesive tapes market is segmented into polypropylene, paper, polyvinyl chloride and others.
- On the basis of technology, the adhesive tapes market is segmented into solvent-based, hot-melt based and water-based.
- On the basis of category, the adhesive tapes market is segmented into commodity adhesive tapes and specialty adhesive tapes.
- On the basis of end-use, the market is segmented into packaging, masking, consumer and office, specialty adhesive tapes, electrical and electronics, healthcare, automotive, paper and printing, building and construction, retail, defense, food and beverage, wind energy, solar energy, sports, and aerospace.
North America Adhesive Tapes Market Country Level Analysis
The adhesive tapes market is segmented on the basis of resin type, material, technology, category and end-use.
The countries covered in North America adhesive tapes market report are U.S., Canada and Mexico.
U.S. dominates the North America adhesive tapes market during the forecast period of 2022-2029 due to the presence of major key players and the increasing healthcare and automotive sector in this region. Additionally, increasing level of disposable income, rising number of R&D projects and technological advancement are the market drivers that will further propel the market's growth rate in this region.
The country section of the North America adhesive tapes market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts 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, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and North America Adhesive Tapes Market Share Analysis
North America adhesive tapes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America 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 North America adhesive tapes market.
Some of the major players operating in the North America adhesive tapes market are tesa Tapes (India) Private Limited, NITTO DENKO CORPORATION, 3M, AVERY DENNISON CORPORATION, Intertape Polymer Group, Scapa Group Ltd., Lohmann GmbH & Co.KG, LINTEC Corporation, Shurtape Technologies, LLC, Berry Global Inc., DermaMed Coatings Company, LLC., CCT (Coating & Converting Technologies, LLC), GERGONNE INDUSTRIE, Adhesives Research, Inc., Advance Tapes International, Ajit Industries Pvt. Ltd., H.B. Fuller Company, RPM International Inc., Henkel AG & Co. KGaA, American Biltrite, Rogers Corporation, NICHIBAN Co., Ltd., and Saint-Gobain, among others.
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