Specialty Adhesive Tape Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Double Sided, Non-Woven, Acrylics Tapes, Transfer Adhesive Tapes, Others), By Material (Polyvinyl Chloride (PVC), Polypropylene (PP), Paper, PET, Foam, Glass Cloth, Woven/Non-Woven, Others), By End Use Application (Automotive, Aerospace, Electrical and Electronics, Building and Construction, Healthcare, Retail, Paper and Printing, Others), And By Geography- Forecasts From 2022 To 2027

The specialty adhesive tape market is projected to grow at a CAGR of 6.61% during the forecast period, reaching a total market size of US$20.737 billion in 2027 from US$13.249 billion in 2020.

Specialty adhesive tapes are designed for specific purposes such as construction, electrical, automotive, and more. Increasing research and development in the adhesive tape market is budding the applicability and features that these tapes offer, resulting in increasing their demand across industry verticals. Furthermore, global expansion in the electrical, construction and healthcare industries will result in a further boost in the demand for these tapes. The tapes are used for applications in electronics and electrical purposes, the materials may be either electrically conductive, thermally conductive, or non-conductive as well. Examples include EMI copper foil shielding tape, circuit plating tape, aluminium foil tape, and high-performance adhesive transfer tape, among others.

The North American region, followed by Europe, is expected to hold a substantial market share owing to the early technology adoption and continuous innovation of new products by major players in the region is continuing to propel the market growth during the forecast period. In addition, according to the IPC-Association Connecting Electronics Industries,  the sales of semiconductors, electronics manufacturing services, and printed circuit boards (PCBs) continued to perform better, which led to strong growth in the sales of electronics products, further providing strong prospects for market growth during the forecast period and in the upcoming years, due to the application of adhesive tape in electrical and electronic products.  

The market in North America and Europe is expected to expand rapidly due to significant investments in the automotive, healthcare, and construction industries.

The successful market growth in the North American region is attributed to the strict regulations by US Federal Agencies for use of electrical and electronic equipment, in addition to successful business models. Also, the presence of a high-tech-savvy population adopting smart electrical and electronic devices for carrying out their daily activities is further contributing to stable market growth in the United States by the end of the forecast period. The Asia Pacific is expected to show high market growth owing to the growing electronics industry, especially in emerging economies like China, and India. Consumer electronics, electronic components, industrial electronics, computer hardware, communication, broadcast equipment, and strategic electronics. In addition, the adoption of electric household appliances in the Asia-Pacific region is further propelling the market growth in this region owing to the rising disposable income. The manufacturers of these appliances are working on offering smart and automatic devices to their customers through the integration of electronics with intelligent sensors and machine programming, thus reducing the amount of human work and providing superior home care.

Furthermore, the budding electronics, healthcare, and construction industries in these emerging economies of the world are bolstering market growth in the forecast period.

In Israel, as in the Middle East and Africa region, high-tech sectors have experienced the fastest growth rates. These sectors are skilled and capital-intensive and require sophisticated production techniques, in addition, they require a considerable investment in research and development. The demand for specialty adhesive tapes is growing due to their potential applications in the country’s growing hi-tech industry. Additionally, the companies in Israel are among the world’s leaders in the designing and manufacturing of building metal structures, prefabricated parts, and components that are marketed at the international level. These include the use of the building and construction adhesive tapes required in various building applications, which include duct tape for a quick repair, joining and sealing ducting, protection and masking of delicate surfaces, electrical insulation, and many more.

These investments significantly extended their manufacturing capabilities, which in turn, led Turkey to become an important part of the global value chain of international OEMs (source: Investment Agency and Promotion Agency of Turkey, ISPAT). Thus, the specialty adhesive tape technology finds immense utilization in automotive assembly and manufacturing applications, providing solutions for automotive masking and protection, electronics, and external internal bonding and mounting applications promoting market growth in Turkey. In addition, the fastest-growing defence and aerospace sectors, and growing infrastructure due to rapid urbanization are further contributing to achieving sustainable market growth in this region.

With the increasing number of new construction activities globally, the market is projected to surge during the forecast period.

The rising construction activity, especially in the developing economies of the world, is driving market growth in the forecast period. The growing construction activities are attributed to rapid urbanization along with technological advancements and growing innovations in the field of construction materials. This further results in faster production of products in addition to a reduction in time-to-market,  contributing to market growth as well. With growing urbanization, there is a constant shift of people from rural areas to urban areas. Hence, this is creating a need for new developments to take place, which includes novel construction to be carried out in different sectors, residential, commercial, and industrial. Furthermore, for the facilitation of the movement of the newly shifted urban population, the construction of new roads and highways is highly demanded. Additionally, the provision of an improved healthcare facility is further propelling the construction of new and better healthcare infrastructure, burgeoning the market demand for specialty adhesive tapes in the forecast period. The increasing infrastructure spending on new construction projects, improvement, and repair of existing buildings is further anticipated to drive the market growth in the forecast period.

Key Developments

• In September 2021, ATP Adhesive Systems Group based in Switzerland acquired US-based adhesive tape specialist CCT (Coating & Converting Technologies). After becoming a part of ATP adhesive, CCT combined the strength of the market positions of both companies by offering a wider range of tailor-made solutions, especially to North American customers through this collaboration.
• Shurtape Technologies LLC. and Nastro Technologies, a specialized startup in asset tracking technology announced a partnership in August 2022. The companies are planning to combine their expertise to launch an innovative line of specialty adhesive tape. Furthermore, the new line of scannable tape and label products line will allow the users to link digital information to physical places by giving access to live information via a mobile app.

COVID-19 Impact on Specialty Adhesive Tape Market

As a result of government restrictions due to the COVID-19 pandemic, industries such as construction, electrical, automotive, and more were shut down temporarily. Moreover, this industry-wide shutdown impacted the global demand for specialty adhesive tape market owing to the low demand by the industries. Furthermore, the overall market growth of the specialty adhesive tape market was hindered as a result of lower demands from the manufacturing sector on a global scale.

Specialty Adhesive Tape Market Scope:

Segmentation:

• By Type
  • Double Sided
  • Non-Woven
  • Acrylics Tapes
  • Transfer Adhesive Tapes
  • Others
• By Material
  • Polyvinyl Chloride (PVC)
  • Polypropylene (PP)
  • Paper
  • PET
  • Foam
  • Glass Cloth
  • Woven/Non-Woven
  • Others
• By Application
  • Automotive
  • Aerospace
  • Electrical and Electronics
  • Building and Construction
  • Healthcare
  • Retail
  • Paper and Printing
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • UAE
    • Israel
    • Saudi Arabia
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Indonesia
    • Taiwan
    • Others

Frequently Asked Questions (FAQs)

Q1. What will be the specialty adhesive tape market size by 2027?
A1. The specialty adhesive tape market is projected to reach a market size of US$20.737 billion by 2027.

Q2. What is the size of the specialty adhesive tape market?
A2. Specialty Adhesive Tape Market was valued at US$13.249 billion in 2020.

Q3. What are the growth prospects for the specialty adhesive tape market?
A3. The global specialty adhesive tape market is projected to grow at a CAGR of 6.61% over the forecast period.

Q4. What factors are anticipated to drive the specialty adhesive tape market growth?
A4. The global expansion in the electrical, construction and healthcare industries will boost the specialty adhesive tape market growth.

Q5. Which region holds the largest market share in the specialty adhesive tape market?
A5. North America, followed by Europe, is expected to hold a substantial share in the specialty adhesive tape market owing to the early technology adoption and continuous innovation of new products by major players in the region.

3M

tesa SE - A Beiersdorf Company

Shurtape Technologies’ Engineered Solutions Group

LINTEC Corporation

PPM Industries S.p.A.

Gergonne (A part of Gergonne Group)

Nitto Denko Corporation

MBK Tape Solutions

ECHOtape