Industrial Adhesives and Tapes Market Classification, Regional Outlook and Forecast to 2021
Global Industrial Adhesives and Tapes Market is estimated to grow significantly in the forecast period due to increasing awareness among market players for manufacture of innovative products for wide range of applications. Industrial adhesives are organic or inorganic chemical compounds joining the two components. Industrial tapes are used in applications like thread sealing, electrical insulation, adhesive bonding, wrapping, masking and packaging. In short, industrial adhesives and tapes are used instead of screws, welding and fasteners.
Global Industrial Adhesives and Tapes Market is estimated to grow significantly in the forecast period due to increasing awareness among market players for manufacture of innovative products for wide range of applications. Industrial adhesives are organic or inorganic chemical compounds joining the two components. Industrial tapes are used in applications like thread sealing, electrical insulation, adhesive bonding, wrapping, masking and packaging. In short, industrial adhesives and tapes are used instead of screws, welding and fasteners.
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<strong>Industrial</strong> <strong>Adhesives</strong> <strong>and</strong> <strong>Tapes</strong> <strong>Market</strong><br />
<strong>Classification</strong>, <strong>Regional</strong> <strong>Outlook</strong> <strong>and</strong><br />
<strong>Forecast</strong> <strong>to</strong> <strong>2021</strong><br />
“<strong>Industrial</strong> adhesives are organic or inorganic chemical<br />
compounds joining the two components. <strong>Industrial</strong> tapes are<br />
used in applications like thread sealing, electrical insulation,<br />
adhesive bonding, wrapping, masking <strong>and</strong> packaging.”<br />
Global <strong>Industrial</strong> <strong>Adhesives</strong> <strong>and</strong> <strong>Tapes</strong> <strong>Market</strong> is estimated <strong>to</strong> grow significantly in the forecast period due <strong>to</strong><br />
increasing awareness among market players for manufacture of innovative products for wide range of applications.<br />
<strong>Industrial</strong> adhesives are organic or inorganic chemical compounds joining the two components. <strong>Industrial</strong> tapes are used<br />
in applications like thread sealing, electrical insulation, adhesive bonding, wrapping, masking <strong>and</strong> packaging. In short,<br />
industrial adhesives <strong>and</strong> tapes are used instead of screws, welding <strong>and</strong> fasteners.<br />
Remarkable speed in increasing applications (particularly in medical, healthcare, <strong>and</strong> electronic industries) of industrial<br />
adhesives <strong>and</strong> tapes is one of the major drivers of the market. Furthermore, increasing dem<strong>and</strong> for electronic<br />
commodities <strong>and</strong> electrical appliances, developments <strong>and</strong> technological innovations in adhesive tapes, <strong>and</strong> rise in<br />
dem<strong>and</strong> from aerospace <strong>and</strong> construction industries are fueling the market. However, strict government policies <strong>and</strong><br />
environmental regulations are hampering the growth of the market.<br />
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Increase in dem<strong>and</strong> for lightweight vehicles is one of the trends observed in the industrial adhesives <strong>and</strong> tapes market.<br />
Moreover, increasing replacement of screws <strong>and</strong> fasteners with industrial adhesives <strong>and</strong> tapes are another emerging<br />
trend in the market. Moreover, introduction of recyclable adhesives are expected <strong>to</strong> offer opportunities <strong>to</strong> the market.<br />
Nonetheless, production of adhesive tapes with less VOC (volatile organic compounds) emissions is a challenge for the<br />
existing market players.
<strong>Market</strong> is categorized on the basis of type, technology, <strong>and</strong> geography. On the basis of type, market is divided in<strong>to</strong><br />
specialty <strong>and</strong> commodity tapes. Specialty tapes segment is expected <strong>to</strong> lead the market owing <strong>to</strong> the continuous<br />
advancements in au<strong>to</strong>motive industry, which dem<strong>and</strong>s these tapes on the large scale.<br />
Based on technology, market is bifurcated in<strong>to</strong> hot-melt-based, water-based <strong>and</strong> solvent-based. Owing <strong>to</strong> the ecofriendliness<br />
<strong>and</strong> economic rates, water-based segment is predicted <strong>to</strong> hold maximum share of the industrial adhesive <strong>and</strong><br />
tape market.<br />
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In terms of end user, market is split in<strong>to</strong> consumer <strong>and</strong> office, packaging, au<strong>to</strong>motive, healthcare, building <strong>and</strong><br />
construction, electrical <strong>and</strong> electronics, <strong>and</strong> others. Owing <strong>to</strong> the increasing packaging industry on the global scale due<br />
<strong>to</strong> penetration of e-commerce, packaging segment is expected <strong>to</strong> dominate the market.<br />
Geographically, market is segmented as North America, Latin America, Europe, Asia Pacific, <strong>and</strong> Middle East & Africa.<br />
Asia Pacific is projected <strong>to</strong> lead the market owing <strong>to</strong> the increasing technological advancements <strong>and</strong> easy accessibility<br />
of raw materials. North America <strong>and</strong> Europe are also expected <strong>to</strong> dominate the market due <strong>to</strong> increasing adoption of<br />
technology.<br />
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https://www.millioninsights.com/industry/chemicals-<strong>and</strong>-materials<br />
The leading players profiled in industrial adhesives <strong>and</strong> tapes market are Ashl<strong>and</strong> Inc., Eastman Chemical Company,<br />
Saint Gobain S.A., The 3M Company, The Dow Chemical Company, Henkel AG & Company KGaA, Avery Dennison<br />
Corporation, Von Roll Holding AG., Sika AG, <strong>and</strong> H.B Fuller Company.
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