The electrical and electronic adhesive tape market is projected to grow at a CAGR of 5.16% to reach US$4.830 billion by 2026, from US$3.397 billion in 2019.
Electrical and Electronic adhesive tapes have unique properties that include conductivity and heat resistance which allows manufacturers to replace bolts and screws to reduce device size resulting in the extensive use of these tapes in tablets, smartphones, laptops, and other consumer electronic applications. They have extensive applications in a variety of electronic devices in their assembly operations to hold components in a fixed place while allowing current to pass through it. They are mainly used to attach radio frequency interference shields or electromagnetic interference shields to devices. The electric and electronic adhesive tapes especially work when the conductive components come in contact with various substrates and a low current is allowed to flow between the two substrates and are in contact within the tape polymer matrix. These conductive components include nickel, silver, graphite, and copper. The extensive use of these tapes in consumer electronics and various industry sectors will drive the growth of the electrical and electronic adhesive tapes market in the forecast period.
North America emerged as one of the leading areas however, the Asia-Pacific region's market is expected to grow at a faster rate than other regions. Over the projection period of 2019-2026, North America is also expected to have the highest rate / CAGR. Factors like the increasing export of commercial goods and increasing infrastructure in the region have led to the growth of electric and electronic adhesive tapes. Electric and electronic adhesive tapes would produce moneymaking growth prospects for the growth of the market across the region. The growth of the Asia-Pacific market is calculable to be fueled owing to the technological advancements the ever-growing manufacturing units associated with various industries such as automotive, electronics, construction and food and beverages have been a prominent reason for the increasing demand of electric and electronic adhesive tapes in these industry verticals. The ability of electric and electronic adhesive tapes to withstand harsh and high temperatures, elimination of the need for screws, fasteners or welding and high tensile strength have fueled its growth in the global market. Also, the increasing export of commercial goods from countries in the region like China, India, and Japan is leading to the increasing use of electric and electronic adhesive tapes in the region.
Growth Factors
The increasing investments in the electronics sector due to its rapid growth as a result of surging demand of emerging market economies are fueled by the steady market growth of electric and electronic adhesive tapes market, The increasing electronic production by various countries and the growing investments in foreign production of electronics has led to the growing demand of electric and electronic adhesive tapes in the global market. The increasing spending power of consumers and the growing demand for electronics has led to the growth of the electronic sector, The electronics-producing countries have a strong consumer base that can invest in advanced technologies and buy new electronic products. The increasing competitiveness among end-users is leading to cheaper products in the market for individuals due to lower production costs. Furthermore, the growing demand for consumer electronics due to the introduction of digital initiatives by governments of developing nations including China, India, and Brazil has further led to the increasing demand for consumer electronics like tablets, smartphones, and laptops led to the rising demand for electric and electronic adhesive tapes over the forecast period. China is one of the world's consumer electronics producers and is a major market for industrial and consumer electronics. Moreover, the increasing population around the globe has accounted for the use of consumer electronics owing to which the market for electric and electronic adhesive tapes is expected to bloom in the forecast period
Restraints
However, the cyclic nature of the semiconductor and the electronic industry has proved to be a major restraint in the growth of electric and electronic adhesive tapes in the forecast period. The relatively shorter lifespan of semiconductor items where traditional technologies are dominated by new and advanced applications has been considered a major restraint of the electric and electronic adhesive tapes market. These advanced technologies take over these products and cause an upswing in the industry causing high demand and short supply of these products. Moreover, oversupply causes a downswing in the market and falling prices due to inventory build-up. Also, the worldwide economic growth has been a major reason for the restraining growth of the electrical and electronic adhesive tapes market.
Manufacturing activities are interrupted because of lockdown measures enforced in numerous countries. Additionally, disruptions within the supply chain and retardation of companies' businesses have occurred. Trade barriers have restrained the stock. The COVID-19 impact on the electrical and electronic adhesive tape market has been severely affected due to the uncertainty in the recovery timeline, and the implantation of lockdown in various countries has had a negative impact on production activities. The investments made in these sectors have been put on hold due to the pandemic across various counties and are expected to be postponed for at least a year. The partial operation of distribution centres and manufacturing unit have caused delays in new orders of electric and electronic adhesive tapes. The consumer demand for electric and electronic adhesive tapes has also been restricted which has hampered the market. The temporary lockdown and the shutting of manufacturing and production units have had an adverse effect on the consumer electronic sector which in turn has affected the growth of electric and electronic adhesive tapes in the global market.
Competitive Insights
The market leaders for the pretreatment coating market are 3M, Tesa SE, AVERY DENNISON CORPORATION, HENKEL AG, Scapa Group plc, Intertape Polymer Group, GERGONNE, Shurtape Technologies, LLC., DIC CORPORATION and Teraoka Seisakusho co., Ltd.
| Report Metric | Details |
| Market size value in 2019 | US$3.397 billion |
| Market size value in 2026 | US$4.830 billion |
| Growth Rate | CAGR of 5.16% from 2019 to 2026 |
| Base year | 2019 |
| Forecast period | 2021–2026 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered | Coating Technology, And Geography |
| Regions covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies covered | 3M, Tesa SE, Avery Dennison Corporation, HENKEL AG, Scapa Group plc, Intertape Polymer Group, GERGONNE, Shurtape Technologies, LLC., DIC CORPORATION, Teraoka Seisakusho co., Ltd. |
| Customization scope | Free report customization with purchase |
Segmentation
Frequently Asked Questions (FAQs)
Q1. What is the size of the global electrical and electronic adhesive tape market?
A1. Electrical and Electronic Adhesive Tape Market was valued at US$3.397 billion in the year 2019.
Q2. What will be the electrical and electronic adhesive tape market size by 2026?
A2. The electrical and electronic adhesive tape market is expected to reach a total market size of US$4.830 billion by 2026.
Q3. What are the growth prospects for the electrical and electronic adhesive tape market?
A3. The global electrical and electronic adhesive tape market is expected to grow at a CAGR of 5.16% over the forecast period.
Q4. What factors are anticipated to drive the electrical and electronic adhesive tape market growth?
A4. The electrical and electronic adhesive tape market is projected to experience steady market growth owing to the increasing investments in the electronic sector.
Q5. Who are the major players in the electrical and electronic adhesive tape market?
A5. Prominent/major key market players in the electrical and electronic adhesive tape market include 3M, Tesa SE, Avery Dennison Corporation, and HENKEL AG among others.
1. Introduction
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
2.2. Assumptions
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Electrical and Electronic Adhesive Tape Market Analysis, By Coating technology
5.1. Solvent-based
5.2. Hot-melt based
5.3. Water-based
6. Electrical and Electronic Adhesive Tape Market Analysis, By Geography
6.1. North America
6.1.1. United States
6.1.2. Canada
6.1.3. Mexico
6.2. South America
6.2.1. Brazil
6.2.2. Argentina
6.2.3. Others
6.3. Europe
6.3.1. Germany
6.3.2. France
6.3.3. United Kingdom
6.3.4. Others
6.4. The Middle East and Africa
6.4.1. Saudi Arabia
6.4.2. Israel
6.4.3. Others
6.5. Asia Pacific
6.5.1. China
6.5.2. Japan
6.5.3. South Korea
6.5.4. India
6.5.5. Thailand
6.5.6. Indonesia
6.5.7. Taiwan
6.5.8. Others
7. Competitive Environment and Analysis
7.1. Major Players and Strategy Analysis
7.2. Emerging Players and Market Lucrativeness
7.3. Mergers, Acquisitions, Agreements, and Collaborations
7.4. Vendor Competitiveness Matrix
8. Company Profiles
8.1. 3M
8.2. tesa SE
8.3. AVERY DENNISON CORPORATION
8.4. HENKEL AG
8.5. Scapa Group plc
8.6. Intertape Polymer Group
8.7. GERGONNE
8.8. Shurtape Technologies, LLC.
8.9. DIC CORPORATION
8.10. Teraoka Seisakusho co., Ltd.
3M
AVERY DENNISON CORPORATION
HENKEL AG
Scapa Group plc
Intertape Polymer Group
GERGONNE
Shurtape Technologies, LLC.
DIC CORPORATION
Teraoka Seisakusho co., Ltd.
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