The global water-based adhesive specialty tapes market size was US$ 8.7 billion in 2021. The global water-based adhesive specialty tapes market is forecast to grow to US$ 15.5 billion by 2030, registering a compound annual growth rate (CAGR) of 6.9% during the forecast period from 2022 to 2030.
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COVID-19 Impact Analysis
The COVID-19 crisis had a mild impact on the global water-based adhesive specialty tapes market majorly due to the disruption in the supply chain during the initial phase. Unavailability of raw materials and workforce were the major cause so this disruption.
Factors Influencing the Market Growth
The market is witnessing increasing demand for water-based adhesive specialty tapes from the packaging industry. As a result, it will be a significant factor driving the market growth. Water-based adhesive specialty tapes are widely popular due to their beneficial features, such as durability, flexibility, and economic efficiency. Thus, it will accelerate the growth of the global water-based adhesive specialty tapes market.
In addition, the wide applications of water-based adhesive specialty tapes in the automotive industry are forecast to fuel the market growth. The demand for light and low emission vehicles is increasing on a regular basis. Thus, it will propel the growth of the market.
The Healthcare industry uses water-based adhesive specialty tapes to cover the surface of incisions and wounds. In addition, water-based adhesive specialty tapes possess antigenic properties, which will result in gaining high popularity from the end-users.
The short shelf life of the product is forecast to be a significant challenge in the market growth.
Geographic Analysis
Asia Pacific is forecast to hold the largest share in the global water-based adhesive specialty tapes market, mainly due to the rapidly growing automotive, electronics, and healthcare industry. Moreover, government initiatives in China and India towards the expansion of these industries would significantly contribute to the growth of the global water-based adhesive specialty tapes market.
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The increasing disposable income may contribute to the growth of the region in the global water-based adhesive specialty tapes market.
Europe is forecast to register a significant growth rate during the forecast period, owing to the rising number of the urban population, increasing healthcare expenditure, and awareness about the product benefits.
Competitors in the Market
- Dymax
- 3M
- Bostik
- NITTO DENKO CORPORATION
- HB Fuller Company
- LINTEC Corporation
- Henkel AG & Co. KGaA
- AVERY DENNISON CORPORATION
- Intertape Polymer Group
- Lohmann GmbH & Co.KG.
- Other prominent players
Market Segmentation
The global water-based adhesive specialty tapes market segmentation focuses on Resin Type, Application, and Region.
Insight by Resin Type
- Acrylic Polymer Emulsion (APE)
- Styrene Butadiene (SB) Latex
- Polyvinyl Acetate (PVA) Emulsion
- Polyurethane Dispersion (PUD)
- Vinyl Acetate Ethylene (VAE) Emulsion
- Others
Insight by Application
- Tapes and Labels
- Paper and Packaging
- Building and Construction
- Automotive and Transportation
- Consumer, Leather & Footwear
- Sports & Leisure
- Assembly
- Others
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Insight by Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
What is the goal of the report?
- The market report presents the estimated size of the market at the end of the forecast period. The report also examines historical and current market sizes.
- During the forecast period, the report analyzes the growth rate, market size, and market valuation.
- The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
- The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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