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There are various factors impacting the market growth positively, such as the rising demand for Industrial Adhesive Tapes from the packaging industry and the construction industry. Furthermore, mounting demand for Industrial Adhesive Tape from the automotive industry is also leading to flourishing growth of the global market over the review period.
Segmentation
The global Industrial Adhesive Tape Market is segmented based on type, application, end-user, tape backing material, and region. By product type, the global Industrial Adhesive Tape market is segmented into filament tapes, duct tapes, adhesive transfer tapes, and aluminum tapes. Among these segments, the duct tapes segment is estimated to grow at a significant rate over the forecast period. The segment dominated the global Industrial Adhesive Tapes market at the beginning of the forecast period, and is also estimated to retain such dominant position over the estimate period. Higher durability, high adhesive strength, and water resistant nature of adhesive tapes are some of the primary reasons driving the segmental market.
By tape backing material, the global Industrial Adhesive Tape market is segmented into polypropylene, paper, and polyvinyl chloride. The polypropylene segment was the largest among other types of Industrial Adhesive Tape backing materials in the base year.
By end-user, the global Industrial Adhesive Tape market is segmented into construction, electronic, logistic, automotive, and others. The global market is spearheaded by the automotive segment over the forecast period, retaining its dominant position since the beginning of the forecast period. Also, Industrial Adhesive Tapes within the automotive sector are aimed to reduce the overall bodyweight of the vehicle and make the vehicle more reliable.
Regional Analysis
The global Industrial Adhesive Tape market is segmented into the regions of North America, Europe, Asia Pacific and Rest of the World. Asia Pacific assumed the largest share in the Industrial Adhesive Tape market at the beginning of the forecast period. It is also anticipated to grow at the fastest rate over the forecast period owing to the surging urbanization and growing penetration of industrialization.
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