The Hot-Melt adhesive tape market is estimated to grow at a CAGR of 7.70% to reach a market size of US$14.351 billion in 2023 from US$9.193 billion in 2017.Hot-Melt-based adhesives work on the principal of adhesion through heating, solidification and then cooling. This technology is used mostly in manufacturing industry to reduce lead time and operational costs. The demand for these tapes will grow during the forecast period owing to the growing manufacturing industry worldwide. Furthermore, increasing usage of hot-melt-based adhesive tapes across industry verticals will snowball the demand for these tapes. However, availability of substitutes in the form of solvent-based and water-based adhesive technologies will restrain the demand for hot-melt based adhesive tapes. The Asia Pacific market will see exciting growth opportunities during the forecast period owing to the rising number of manufacturing units in budding economies such as China and India.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the hot-melt adhesive tape value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the market.
Some of the major players discussed in this report are 3M, tesa SE, Avery Dennison Corporation, Scapa Group, and Intertape Polymer Group, among others.
Hot-Melt adhesive tape market has been segmented on the basis of product type, end-user industry and geography as follows:
By Product Type
Specialty Adhesive Tapes
By End User Industry
Travel and Transportation/Logistics
Middle East and Africa
Key insights offered
What will be the Hot-Melt adhesive tape market size from 2017 to 2023?
How are the major drivers and restraints affecting the Hot-Melt adhesive tape market growth and the opportunities which exist for key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants’ behaviourKey strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.