Paper Adhesive Tape Market size worth US$15.315 billion in 2027
Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of "Paper Adhesive Tape Market – which is forecasted from 2022 To 2027”.
The prime factor driving the Paper Adhesive Tape market's growth is that consumer awareness of in-car reconfiguration is one of the main driving forces behind the trend for paper adhesive tape. Masking, varnishing, spray painting, sealing, and other car personalization implementations use paper adhesive tape. Paper adhesive tapes' distinctive capabilities include their strong surface protection and capacity to produce a clear line after the surface paint, so they are widely recommended by car personalization consumers.
As per the report, the Paper Adhesive Tape Market is expected to grow at a CAGR of 6.70% to reach US$15.315 billion by 2027, from US$9.725 billion in 2020.
Paper adhesive tapes safeguard crucial aspects from exposure to paints or chemical products, which could result in premature failure. It is used for electroplating, anodizing, paint masking, paint bake cycle masking, paint stripping, and other applications. Due to the sheer pore spaces in the base material, paper-backed adhesive tapes are also known as micropore tapes. These tapes are made from crape, kraft, or any reusable paper that has been coated with adhesive. Paper tapes formed of crepe paper with a rubber adhesive sealant have many applications. These tapes are environmentally friendly and come in a variety of colors. Paper tapes have excellent heat resistance, holding power, and good thermal stability. When contrasted to PET adhesive tapes, these tapes provide optimal comfort. They are fairly flexible, thin, and smooth, making them ideal for appliances, heating, automobiles, aircraft, air circulation, air conditioning (HVAC), and paper and printing implementations. The effectiveness of paper backing tapes can vary greatly depending on the composition material used in the papermaking process. Masking, consumer & office, packaging, white goods, paper & printing, building & construction, electrical & electronics, healthcare, automotive, retail, and other sectors of the economy use paper adhesive tapes. The market is anticipated to drive by the widespread application of paper adhesive tapes. Paper adhesive tape has been used in the construction industry for several years. The construction industry is one of those that never stop growing and developing. Growing investments in building projects and facilities are thus expected to be another motivating force for the global paper adhesive tape market.
Price increases and the procurement of raw materials are the most critical aspects that paper adhesive tape manufacturers must consider when determining the cost structure of their products. The market's growth is influenced by the uncertainty and fluctuations in the cost and availability of feedstock. The paper adhesives tape industry has been impacted by rising energy costs, which have resulted in higher manufacturing costs.
Based on Type, The Paper Adhesive Tape Market is segmented into Solvent-Based, Water-Based, and Others Paper Adhesive Tapes. The water-based paper adhesive tapes are predicted to grow. Due to new development projects in India, Taiwan, and other emerging countries, are highly driven by a constant increase in demand from the Asia Pacific region's building and construction sector. The water-based innovation adheres well to complex surfaces and is used in various packaging. The water-based technique is environmentally friendly and does not generate any VOCs during preparation, so demand for these tapes expands. This is expected to be the primary driver of the global demand for water-based paper adhesive tapes.
Based On application, the Paper Adhesive Tape Market is categorized into Packaging, Automotive, and Construction. With the growing urban population, which raises expectations for a safe, healthy urban sustainability and environmental building demand, the paper adhesive tape market is expected to have significant demand in the plethora of requests in the construction sector. Paper adhesive tape is used to withstand sensitivity to environmental stress. Furthermore, the increasing adoption of adhesive equipment in the construction sector is anticipated to drive market growth during the forecast period. Furthermore, increasing construction activity in numerous emerging economies is estimated to contribute to a great demand for paper adhesive tape, boosting the market growth. Rising investments in infrastructure and construction initiatives are also projected to boost the paper adhesive tape market over the forecasted period.
Based On Geography, The Paper Adhesive Tape Market is fragmented into South America, North America, Europe, Asia-Pacific, and the Middle East & Africa. During the forecast period, the Asia Pacific adhesive tapes market in the healthcare industry is expected to grow the fastest. This expansion can be credited to the region's high demand for conventional wound dressings such as first-aid kits, dry dressings, and adhesive bandages. The growing awareness of innovative wound care is anticipated to fuel innovative products in this market. The region's growth is primarily related to the region's high economic growth rate, which has been accompanied by major investments in industries including healthcare, electrical & electronics, automotive, and building & construction.
As the part of the report, the major players operating in the paper adhesive tape market, that have been covered are Nitto Denko, Avery Dennison, Tesa SE, 3M, Henkel, Berry plastics, Achem Technology Corporation, Intertape Polymer
View a sample report or purchase the complete study https://www.knowledge-sourcing.com/report/paper-adhesive-tape-market
This analytic report segments paper adhesive tape market on the following basis:
- By Type
- Solvent -Based
- By Application
- By Geography
- North America
- South America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Asia Pacific
- North America
Leave a ReplyWant to join the discussion?
Feel free to contribute!