Adhesive Tapes Market Poised for Steady Growth Across the World

1. Chemicals and Materials Adhesive Tapes Market Poised for Steady Growth Across the World © P&S Intelligence. All rights reserved 1

2. In today's time, the need to reduce air pollution is rife across the world. As emissions from automobiles play a major part in the escalating pollution levels, regulations are being formed to curb them. This is why the focus on reducing the weight of the vehicles is growing, as less weight means requirement for less automotive power, which, in turn, leads to reduced fuel consumption and, ultimately, decreased emissions. Automakers are rapidly replacing the steel and iron used in automobiles with aluminum and even carbon fiber. Due to the delicate nature of such materials, the use of traditional nuts and bolts for their fastening is discouraged, which is leading to the rising usage of adhesive tapes. Get the Sample Copy of this Report @ http://bit.ly/2YnzerC From $ 54,333.4 million in 2017, the value of the adhesive tapes market is expected to increase to $ 74,954.6 million in 2023. Apart from the automotive sector, such products are also being increasingly used in the electrical and electronics, healthcare, and construction and building sectors. This is why of the two types of tapes - specialty and commodity - the specialty type's sales are expected to grow faster during the forecast period. Another major application of such products is packaging for retail stuff and for large cartons. The disposable income of the people in countries including India, China, and Indonesia has risen sharply in the past few years. This has led to an increase in the spending power of citizens, and they can now purchase processed foods, electronics and other such goods more easily. The expanding packaging sector across the world is thus an important adhesive tapes market growth driver . In the healthcare niche, breathable and hypoallergenic tapes are used in ostomy, diagnostics, wound care and surgical incision closure, device attachment (to the skin), medical device assembly, and optical products. The global healthcare industry is expected to value $ 372 billion by 2022, according to the Indian Brand Equity Foundation. With the growth in the geriatric population and increase in the prevalence of chronic diseases, the patient pool would also expand. This would result in the rising demand for medical services and devices, thereby raising the use of adhesive tapes in the industry. © P&S Intelligence. All rights reserved 2

3. Make Enquiry Before Purchase @ https://www.psmarketresearch.com/send- enquiry?enquiry-url=adhesive-tapes-market Among the several types of tapes, viz. water-based, solvent-based, and hot-melt-based, the demand for water-based tapes is escalating the sharpest. Infrastructure development is one of the most prominent niches, where such products are used, for meeting air sealing requirements, bonding building materials, roofing purposes, and flashing doors and windows. Water-based tapes help in improving the air quality, as they emit significant less amounts of volatile organic compounds (VOC) compared to solvent-based variants. Additionally, as water-based tapes are made from natural polymers or vegetable sources, they are biodegradable, owing to which they better comply with environment protection regulations. During the historical period (2013–2017), Asia-Pacific was the largest consumer of adhesive tapes, owing to the prosperity of end-use industries, such as healthcare, automotive, packaging, building and construction, and electrical and electronics, and economic growth in regional countries. The region is also home to numerous manufacturers, which are investing heavily in research and development to come up with better tapes. Within the region, the tape demand is predicted to record the fastest rise in China, due to the easy availability of labor and raw materials at low costs, which makes the products cheap for customers. Thus, as the various end-use industries prosper across the world, the requirement for adhesive tapes will also escalate. © P&S Intelligence. All rights reserved 3

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