| |August 202119When compared to PET adhesive tapes, the paper tapes have good holding power, heat insulation, and temperature resistance properties, offering excellent comfort as paper tapes are relatively thin, flexible and also smooth. This makes these tapes suitable for numerous applications such as automobiles and aircraft manufacturing, appliance manufacturing, heating, ventilation and air conditioning and paper and printing application.Based on the segment, the healthcare segment is anticipated to account for the largest market share over the forecast period. Adhesive tapes in the healthcare industry are used in surgical containers, monitoring electrodes and other medical devices and wound care applications. Since the international hygiene market is expanding with innovative products, adhesive tapes used in this sector turn out to be the component parts within the final consumer products. Therefore, these tapes are driven by the market demand for the consumer products.Major factors driving the demand for adhesive tapes in the healthcare sector is due to penetration of the products in this sector in emerging nations. This demand is mainly supported by factors such as growth in disposable income, improved healthcare system, and aging global population. While adhesive tapes are mainly available in two types such as commodity and speciality tapes, they mainly find a wide range of application in automotive, packaging, and healthcare industries. The coating technologies used in adhesive tapes are solvent based, water-based and hot-melt. Based on the application, the global adhesive tapes market is segmented into packaging, consumer products, healthcare, and automotive. Based on the material type, the adhesive tapes are classified into polyvinyl chloride, polypropylene, paper and others.APAC TO BE THE FASTEST-GROWING MARKETAPAC is projected to be the fastest-growing market in the next five years since the region is experiencing strong growth due to the ongoing Research & Development and advancements in electrical & electronics, healthcare and automotive industries.The rapid growth of end-use industries like packaging, automotive and electronics has resulted in the high surge in demand for adhesive tapes. Furthermore, rise in construction industry is anticipated to bolster the demand for adhesive tapes during the forecast period. However, volatility in raw material prices is predicted to be a major factor restraining the growth of adhesive tapes market. It would be interesting to see how the market evolves going forward.
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