Seal Adhesive Tape Market size is forecast to reach $XX billion by 2025, after growing at a CAGR of 5.8% during 2020-2025. Seal adhesive tapes are widely used owing to their uniform thickness & gasp filling properties, ability to bond dissimilar substrate, and ability to eliminate the need for fasteners. These tapes provide smooth & nonstick surface, resistance to chemicals & high temperatures, and possess insulating properties. They are widely used in broad range of applications, specifically packaging and carton sealing. Furthermore, they are used in lamination; sealing; and food packaging, processing, and handling. Currently, from the beginning of 2020, due to COVID-19 outbreak, the packaging industry comes up with huge loss. Owning to the lockdown of logistics around the globe, the consumption of adhesive tapes for packing the products have been reduced which have become the major factor that constrains the growth of the market.
The report: “Seal Adhesive Tape Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Seal Adhesive Tape Industry.
By Product Type: Single Side, Double Side, and Transfer Tape.
By Material Type: Polypropylene, Polyvinyl Chloride, Paper-backed, Fluoropolymer, and Others.
By Adhesive: Epoxy, Silicon, Rubber, Acrylic, and Others.
By End User: Automotive, Healthcare, Building Construction, Electrical and Electronics, Consumer Goods, and Others.
By Geography: North America, South America, Europe, APAC, and RoW.
- Socio-economic expansion contributes to the expansion of the global adhesive tapes market in the country.
- Moreover, low cost of raw materials and easy availability of cheap labor for the manufacturing of tapes with adhesion properties have resulted in the increased production of low-priced tapes in various developing regions.
- Various research and developmental activities have led to the growth of the application category and thus, the market seems to be growing at a remarkable speed.
By Product Type - Segment Analysis
Single sided tape is dominating the global seal adhesive tapes in 2019. Single-coated tapes consist of adhesive applied to one side of a backing. The adhesive could be composed of natural rubber, silicone, or acrylic, while the backing material could be polymeric film, paper, foil, nonwoven, or high thread count woven cloth. These tapes, which include masking and medical tapes as well as electrical, carton sealing, and BOPP adhesives facilitate the bonding of a material with a surface as well as the linking of two adjacent or overlapping materials.
By Material Type - Segment Analysis
Paper-backed adhesive tapes are also referred to as micropore tapes because of pores in the backing material. These tapes are available with kraft, crape, or any kind of recyclable paper coated with adhesive. Paper tapes made from crape paper and rubber adhesive coating have a wide range of applications. These tapes are eco-friendly and are available in a wide range of colors. Paper tapes have good holding power, heat insulation, and temperature resistance properties. These tapes provide excellent comfort compared to PET adhesive tapes. They are relatively thin, flexible, and also smooth, which makes them suitable for automobiles aircraft manufacturing; appliance manufacturing; heating, ventilation & air conditioning (HVAC); and paper & printing application.
By End-User Industry - Segment Analysis
In 2019, the healthcare segment is expected to account for the largest market share during the forecast period. In the healthcare industry, seal adhesive tapes are applied to surgical containers, and monitoring electrodes & other medical devices. The global hygiene market is expanding with innovative products. Seal adhesive tapes used in this segment become component parts within the final consumer product and are, hence, driven by the market demand for those products. The demand for adhesive tapes is witnessing growth in the healthcare sector due to penetration of the products in this sector in developing countries, along with growth in disposable income. Improved healthcare system and aging global population are also key drivers for growth in this segment.
Geography - Segment Analysis
APAC is the largest seal adhesive tapes market and is also projected to be the fastest-growing market during the forecast period. The region is witnessing strong growth owing to ongoing R&D and advancements in electrical & electronics, healthcare, and automotive industries. The seal adhesive tapes market in emerging economies, such as China, India, Brazil, South Africa, and Indonesia, is expected to witness significant growth while more developed markets such as the US, Germany, Japan, and the UK, will witness slow or no growth during the forecast period. China is expected to be the major contributor, mainly led by the high demand from heavy industries and consumer product manufacturing sectors.
Drivers – Seal Adhesive Tape Market
- Growing demand from packaging sector
The packaging sector is witnessing upward growth, owing to betterment in shipping methods along with higher adoption of the flexible packaging options. Seal adhesives tapes in packaging is gaining higher importance owing to its use in sealing the heavy-duty goods, which requires higher protection from the external barriers. Increasing usage of adhesives tapes in transportation of perishable goods, temperature and pressure sensitive goods to offer more efficient transit, is further escalating the demand for adhesive tapes. Ongoing demand of the varied adhesive solutions that provides higher protection from the leakage and seeping of the solid goods or fluids, is also increasing the market growth.
Challenges – Seal Adhesive Tape Market
- Government Regulation on the Adhesive Tapes is tending to constrain the growth of the market
The adhesive tapes market growth in mainly hampered owing to the regulation imposed by the regulatory authorities. Restriction related to the use of the chemicals such as toluene, formaldehyde, Di-2-ethylhexyl phthalate owing to health hazards associated with these chemicals impacts the overall tape related business. To avoid this regulation has been imposed by the regulatory bodies. Increasing count of the countries adopting stricter regulation is hindering the market growth. The growing regulations in every category of adhesive tapes tends to constrain the growth of the market.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Seal Adhesive Tape market. In 2019, the market of Seal Adhesive Tape has been consolidated by the top five players accounting for xx% of the share. Seal Adhesive Tape Market top 10 companies 3M Company, Saint-Gobain Performance Plastics, Canadian Technical Tape Ltd., Tesa SE Group, Nitto Denko Corporation, PPI Adhesive Products, Shurtape Technologies LLC, PPM Industries, Intertape Polymer Group Inc., and Pro Tapes & Specialties, Inc., among others.
- On March 22, 2019, Saint-Gobain launched a new product known as Norbond A7600, this product is a high-performance gray acrylic foam tape for use in trailer and specialty vehicle bonding applications. It is 1.1 mm in thickness.
- On August 3, 2018, Intertape Polymer Group acquired Polyair for US$ 145.0 Mn. Later it got engaged in the protective packaging business, with its seven manufacturing facilities and a distribution center located across North America. Polyair's key products include foam, bubble cushioning, and air pillow systems.
1. Seal Adhesive Tape Market - Market Overview
1.1 Definitions and Scope
2. Seal Adhesive Tape Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by Product Type
2.3 Key Trends by Material Type
2.4 Key Trends by Adhesives
2.5 Key Trends by End- User
2.6 Key Trends by Geography
3. Seal Adhesive Tape Market - Landscape
3.1 Comparative analysis
3.1.1 Market Share Analysis- Top Companies
3.1.2 Product Benchmarking- Top Companies
3.1.3 Top 5 Financials Analysis
3.1.4 Patent Analysis- Top Companies
3.1.5 Pricing Analysis
4. Seal Adhesive Tape Market - Startup companies Scenario Premium (Premium)
4.1 Top startup company Analysis by
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Seal Adhesive Tape Market– Industry Market Entry Scenario Premium (Premium)
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top companies
6. Seal Adhesive Tape Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Market Opportunities
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Seal Adhesive Tape Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Market life cycle
7.4 Suppliers and distributors Analysis
8. Seal Adhesive Tape Market – By Product Type (Market Size -$Million, KT)
8.1 Single Side
8.2 Double Side
8.3 Transfer Tape
9. Seal Adhesive Tape Market – By Materials Tape (Market Size -$Million, KT)
9.2 Polyvinyl Chloride
10. Seal Adhesive Tape Market – By Adhesive (Market Size -$Million, KT)
11. Seal Adhesive Tape Market – By End-User (Market Size -$Million, KT)
11.1.1 Door and window seals
11.1.2 Roof rails
11.2.1 Medical Electronics
18.104.22.168 LCD Screens
22.214.171.124 Control Panels
11.2.2 Ostomy Equipment
11.3 Building & Construction
11.3.1 Pipe Wrap
11.3.2 Sealing Bags
11.4 Electrical and Electronics
11.4.1 PC Fabrication
11.4.2 EMI / RFI Shielding
11.5 Consumer Goods
12. Seal Adhesive Tape Market - By Geography (Market Size -$Million / KT)
12.1 North America
12.2 South America
12.2.4 Rest of South America
12.3.7 Rest of Europe
12.4 Asia Pacific
12.4.3 South Korea
12.4.5 Rest of APAC
12.5.1 Middle East
13. Seal Adhesive Tape Market - Entropy
13.1 New Product Launches
13.2 M&A’s, Collaborations, JVs and Partnerships
14. Market Share Analysis (Premium)
14.1 Market Share by Country- Top companies
14.2 Market Share by Region- Top companies
14.3 Market Share by type of Product / Product category- Top companies
14.4 Market Share at global level- Top companies
14.5 Best Practices for companies
15. Seal Adhesive Tape Market- List of Key Companies by Country (Premium)
16. Seal Adhesive Tape Market- Company Analysis
16.1 Market Share, Company Revenue, Products, M&A, Developments
16.2 Company 1
16.3 Company 2
16.4 Company 3
16.5 Company 4
16.6 Company 5
16.7 Company 6
16.8 Company 7
16.9 Company 8
16.10 Company 9
16.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"