Global Adhesive Tapes Market to Reach $79.7 Billion by 2027
Amid the COVID-19 crisis, the global market for Adhesive Tapes estimated at US$56.2 Billion in the year 2020, is projected to reach a revised size of US$79.7 Billion by 2027, growing at a CAGR of 5.1% over the analysis period 2020-2027. Acrylic, one of the segments analyzed in the report, is projected to record a 5.4% CAGR and reach US$33.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Rubber segment is readjusted to a revised 4.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $15.2 Billion, While China is Forecast to Grow at 7.8% CAGR
The Adhesive Tapes market in the U.S. is estimated at US$15.2 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$16.5 Billion by the year 2027 trailing a CAGR of 7.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.
Silicone Segment to Record 5.5% CAGR
In the global Silicone segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$8.5 Billion in the year 2020 will reach a projected size of US$11.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$10.6 Billion by the year 2027, while Latin America will expand at a 6.7% CAGR through the analysis period.
Select Competitors (Total 31 Featured):
Amid the COVID-19 crisis, the global market for Adhesive Tapes estimated at US$56.2 Billion in the year 2020, is projected to reach a revised size of US$79.7 Billion by 2027, growing at a CAGR of 5.1% over the analysis period 2020-2027. Acrylic, one of the segments analyzed in the report, is projected to record a 5.4% CAGR and reach US$33.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Rubber segment is readjusted to a revised 4.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $15.2 Billion, While China is Forecast to Grow at 7.8% CAGR
The Adhesive Tapes market in the U.S. is estimated at US$15.2 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$16.5 Billion by the year 2027 trailing a CAGR of 7.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.
Silicone Segment to Record 5.5% CAGR
In the global Silicone segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$8.5 Billion in the year 2020 will reach a projected size of US$11.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$10.6 Billion by the year 2027, while Latin America will expand at a 6.7% CAGR through the analysis period.
Select Competitors (Total 31 Featured):
- 3M Company
- Adchem Corporation
- Adhesives Research, Inc.
- Advance Tapes International Ltd.
- Ajit Industries Pvt. Ltd.
- American Biltrite Inc.
- Avery Dennison Corporation
- Berry Global Inc.
- Canadian Technical Tape Ltd.
- CCT Tapes
- DermaMed Coatings Company LLC
- DeWAL Industries, Inc.
- Gergonne Industrie
- Industrias TUK, S.A. de C.V
- Intertape Polymer Group, Inc.
- Lintec Corporation
- Lohmann GmbH & Co.KG
- MACtac North America
- Nichiban Co. Ltd.
- Nitto Denko Corporation
- Saint-Gobain Performance Plastics Corporation
- Scapa Group PLC
- Shurtape Technologies, LLC.
- Tesa SE
- Wuhan Huaxia Nanfeng Adhesive Tapes Co., Ltd.
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
III. MARKET ANALYSIS
IV. COMPETITION
II. EXECUTIVE SUMMARY
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
III. MARKET ANALYSIS
IV. COMPETITION
- Total Companies Profiled: 31
Note: Product cover images may vary from those shown
