Global adhesive tapes market in the healthcare sector to witness a 7.0% CAGR rise by 2026


 

Insidemarketreport.com recently published a research study titled, “Global Adhesive Tapes Market Trends 2019, Segmentation by Product (Single Sided, Double Sided), by Resin Type (Acrylic, Silicone, Epoxy, Polyvinyl Chloride, Polyurethane, Rubber, Others), by End-user (Healthcare, Automotive, Paper & Printing, Consumer Goods, Building & Construction, Electrical & Electronics, Others), by Region and Industry Forecast to 2026”. The study is an exhaustive compilation of key player business profiles, market landscape evaluation using PESTEL, Porter’s Five Forces analysis, and industry value chain. Additionally, the study highlights inferences of the COVID-19 pandemic impact on the Adhesive tapes sector at the global as well as regional level. The report further includes industry categorization by product, end-user, and resin type with historic, present, and forecast analysis.

The adhesive tapes market revenue exceeded USD 50.0 billion in 2019, and is likely to increase by nearly 6.0% CAGR between 2020 and 2026. Electrical & electronics, healthcare, consumer goods, and automotive are the major end-users of adhesive tapes. Major adhesive tape providers have increased their focus on improving the product functionality as well as performance attributes of adhesive tapes.

In May 2019, Lohmann GmbH & Co.KG introduced DuploMED SUR 624000 new surgical tape at the Med-Tech Innovation Expo held in Birmingham, UK. This product comprises of a polyurethane film coated with an acrylic, pressure sensitive adhesive tape that offers superior initial tack and is suitable for use in diagnostics and wound care applications.

The healthcare segment is expected to offer favourable growth prospects increasing at 7.0% CAGR over the years ahead. As per the WHO 2019 health expenditure report, the global healthcare spending reached USD 7.6 trillion in 2017, which contributed around 10% to the world GDP. Consumer goods and paper & printing are expected to be other fast growing segments during the forecast period.

Asia Pacific region held more than 40% share in 2019 of the total adhesive tapes market. Presence of densely populated nations coupled with the rising consumption of medical, electrical and electronics, and consumer products has led to a boost in the adhesive tapes market demand. China, India, and Japan are expected to be the major growth impacting country segments in the Asia Pacific adhesive tapes sector.

The global adhesive tapes market is highly fragmented in nature. Key manufacturers of adhesive tapes include Bostik., The 3M Company, Intertape Polymer Group, Avery Dennison Corporation, Nitto Denko Corporation, Tape-Rite, Henkel AG, Lohmann GmbH & Co.KG, Dow Corning, Tesa Tapes, Saint-Gobain, LINTEC Corporation, and H.B. Fuller.

Global Adhesive Tapes Market Segmentation

·        Global Adhesive Tapes Market, by Product, (USD Million) (Million Square Meters)

o   Single Sided

o   Double Sided

·        Global Adhesive Tapes Market, by Resin Type, (USD Million) (Million Square Meters)

o   Acrylic

o   Silicone

o   Epoxy

o   Polyvinyl Chloride

o   Polyurethane

o   Rubber

o   Others

·        Global Adhesive Tapes Market, by End-user, (USD Million) (Million Square Meters)

o   Healthcare

o   Automotive

o   Paper & Printing

o   Consumer Goods

o   Building & Construction

o   Electrical & Electronics

o   Others

·        Global Adhesive Tapes Market, by Region, (USD Million) (Million Square Meters)

o   North America

§  US

§  Canada

§  Mexico

o   Europe

§  Germany

§  Italy

§  Spain

§  UK

§  France

§  Russia

§  Rest of Europe

o   Asia Pacific

§  Japan

§  China

§  India

§  ASEAN

§  South Korea

§  Rest of Asia Pacific

o   South America

§  Brazil

§  Rest of South America

o   Middle East & Africa

§  GCC

§  South Africa

§  Rest of MEA

View full report at: https://www.insidemarketreports.com/report/13/722711/adhesive-tapes-markets

 

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