Hot Melt Adhesive Tapes Market Scope of Current and Future Industry 2032


The hot melt adhesive tapes market is expected to register a CAGR of 6.5% during the forecast period, up from US$ 18.88 Bn in 2022 to reach a valuation of US$ 36.46 Bn by 2032.

.

Hot melt adhesive tapes are thin strips of plastic that are coated with a hot melt adhesive on one side and have a release liner on the other side. They are applied on surfaces at elevated temperatures and harden upon cooling to form a bond between the two surfaces. Hot melt adhesive tapes offer several advantages over other types of adhesives, such as high bond strength, good moisture resistance, and easy application.

Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-10351

Increased Penetration of Hot Melt Adhesive Tapes in Logistics Industry to Proliferate the Market Growth 

 Hot melt adhesive tapes are made by either rubber or silicone resin. Moreover, packaging manufacturers nowadays are using bioplastic materials like PHA, PLA, etc. for manufacturing hot melt self-adhesive tapes. Also, bioplastic materials used for hot melt self-adhesive tapes provide better tensile strength and also the ability for printing on it, therefore driving the market.

Hot melt adhesive tapes supports clean package appearance and improves display of graphics logos printed on cartons boxes therefore driving the market. Moreover, increased focus towards the display graphics over the carton boxes are escalating the hot melt adhesive tapes during the forecast period. All these factors contribute in driving the hot melt adhesive tapes market. 

Hot Melt Adhesive Tapes Market – Competitive Landscape: 

Some of the global key players in the hot melt adhesive tapes market are as follows: 

  • Avery Dennison Corporation 
  • Intertape Polymer Group Inc. 
  • The 3M Company 
  • Shurtape Technologies, LLC 
  • Irplast S.p.A. 
  • Mario Tapes 
  • Hira Industries L.L.C 
  • Scapa Group plc 
  • LINTEC Corporation 

 

Hot Melt Adhesive Tapes Market – Key Developments: 

Tier 1 and 2 companies in the hot melt adhesive tapes market are focusing towards product portfolio expansion and expanding their footprint in global market. While Tier 3 companies in the hot melt adhesive tapes market are focusing towards serving high quality product and this section constitutes of unorganized players in the market.  Some of the recent developments in the hot melt adhesive tapes market are as follows: 

  • Avery Dennison, a manufacturer of hot melt adhesive tapes is expanding its business through acquisition strategy in the hot melt adhesive tapes market. The company acquired Yongle Tape Company Ltd. for $190 million in 2016. 
  • In May 2017, tesa SE launched a new product range of tapes segment that are made from ultra thin washi paper. 
  • In May 2019, 3M company acquired Acelity Inc., a healthcare solution company to expand its footprint across the globe. 
  • In June 2018, Essentra Plc. Is expanding its business by extending its footprint in different parts of globe. For instance, the company divested its consumer packaging site in Bristol, U.K. 

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain of the global hot melt adhesive tapes market. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with hot melt adhesive tapes market attractiveness as per segments. The report also maps the qualitative impact of various factors on hot melt adhesive tapes market segments and geographies. 

The global hot melt adhesive tapes market is divided into seven major regions, which are as follows – 

  • North America 
  • Latin America 
  • Europe 
  • South Asia 
  • East Asia 
  • Oceania 
  • Middle East Africa (MEA) 

 

Comments