For a long time, the cure for diabetes type 1 and type 2 has relied on agonizing insulin shots for patients or insulin infusion via mechanical pumps. Regarding this, experts have been creating artificial pancreatic beta cells with the he…
Market Overview of Global Adhesive Tapes market:
According to our latest research, the global Adhesive Tapes market looks promising in the next 5 years. As of 2022, the global Adhesive Tapes market was estimated at USD XX million, and it's anticipated to reach USD XX million in 2028, with a CAGR of XX% during the forecast years.
Adhesive tapes refer to several combinations of backing materials coated with adhesive films that are used to bond objects together instead of mechanical fasteners, screws, or welding. Adhesive tape is a combination of a material and an adhesive film, which is used to bond or join objects together instead of using fasteners, screws, or welding. Adhesive tapes enable its use at room temperature and can protect the surface area. Adhesive tapes offer many advantages compared to other assembly methods such as glues, mechanical fixings etc. These advantages include greater stress bearing area, safer to use, allows smooth surface assembly, better stress distribution can apply to one surface with liner intact and many more. These advantages allow adhesive tapes to be used more in end use applications.
Marketing channel sales will be affected differently
The COVID-19 Outbreak has led to a decline in offline passenger flow, and the advantages of e-commerce companies have become prominent. During the epidemic prevention and control period, some adhesive tapes enterprises did not carry out internet marketing and promotion for their business, so they encountered great resistance in undertaking business. For enterprises that fail to make good use of network promotion means, there is almost no market development during the epidemic period, and the original offline market development plan is disrupted, and the epidemic will face fierce market homogenization competition, which is expected to have a great impact on the company's business throughout the year.
Upstream and downstream interactions will lead to disruption of business
The epidemic will have a short-term impact on adhesive tapes industry, but it is relatively limited. Due to the impact of the epidemic, the production of raw materials and equipment procurement and transportation supply are difficult to be in place, and upstream enterprises affect the work schedule of downstream enterprises. Equipment manufacturing and product manufacturing enterprises in adhesive tapes industry are affected to different degrees, and the production and delivery work may be delayed to some extent. Meanwhile, if it fails to meet the customer's delivery time requirements according to the contract, it may lead to the customer looking for another enterprise and lose business. Apart from this, the COVID-19 outbreak has resulted in the closing down of several manufacturing facilities across the globe. The pandemic caused huge revenue losses in end-use industry. The coronavirus lockdown put a brake on the production of several key raw materials, which, in turn, spiked the prices and lowered the demand for the product. The strict lockdown mandates imposed by governments have restricted cross-border trade between countries, another factor proving to be detrimental for the adhesive tapes market share. In addition, adhesive tapes manufacturers are drawing up plans for the international market as a new supply link in the Thailand adhesive tapes industry, as companies look to re-engineer supply chains in the aftermath of COVID-19. Also, it is expected that the product demand in end-user sectors could pick up following the uplift of the lockdown in numerous countries.
Increasing demand for adhesive tapes in Thailand
Thailand is anticipated to fetch a promising rate in the coming years owing to the growth in technology. Furthermore, raw materials are readily available in the Thailand, and the manufacturing infrastructure is advancing as per the needs of the units. Thailand adhesive tapes market due to the substantial rise in commercial & substructure activities and current low market saturation in the region. Thailand is a significant primary adhesive tapes market and is predicted to be the fastest-growing market during the forecast period. The region is seeing healthy development due to ongoing R&D progressions and other related activities in healthcare, electrical & electronics, and automotive industries. Besides, the growing retail industry in Thailand is further supporting the growth of the market in this region as it is a flourishing market for manufacturers offering technologically advanced packaging solutions for the retail and food and beverage industries. The FDI in retail has further widened the scope of packaging, which attracts foreign players to set-up base in the region.
Potential risks
Adhesive products are potentially hazardous during the manufacturing stages, which negatively impacted the growth of the adhesive tapes market in the historic period. This is mainly because the manufacturing processes involves high temperatures and high-pressure reactions which can be dangerous unless controlled carefully. Due to this, regulations in the adhesives industry - in assessing and managing the risks involved in the manufacturing, transporting and disposing of chemicals - increased in the historic period. Adhesives have to be compliant with complex regulations that govern labeling, handling, manufacturing, and shipping and storage of the product. Chemicals such as azodicarbonamide (ADCA), silane, and formaldehyde are used in the manufacturing of adhesive solutions. Since these chemicals are hazardous and can have a negative impact on the health, businesses engaged in the production of these chemicals adhere to various safety standards.
Company Overview:
Louis Adhesive Tapes is one of the major players operating in the Adhesive Tapes market, holding a share of 18.33% in 2023.
Louis Adhesive Tapes
Louis Adhesive Tapes Co., Ltd. has been manufacturing adhesive tapes since 1973, supplying high quality products to customers worldwide. Louis is well known as one of the first and the biggest adhesive tape manufacturers in Thailand, the biggest masking tape and rubber solvent based OPP tape manufacturer in South East Asia, and the world's second largest cellulose tape manufacturer.
Nitto Denko
Nitto Denko Corporation manufactures and markets a wide range of chemical products which are used as materials for industrial and electronic components. The Company's products include materials for sealants, semiconductors, and wrappings. Nitto Denko has a network of sales and manufacturing subsidiaries worldwide.
Segmentation Overview:
As for product types, the Single-sided Adhesive Tape segment held the largest market share in 2022.
Single-sided Adhesive Tape
Single-sided adhesive tapes captured the Thailand adhesive tapes market in 2020. Single-sided adhesive tapes contain adhesive applied to one side of a support. The adhesive could be composed of silicone, natural rubber, or acrylic, while the backing material could be paper, foil, nonwoven, polymeric film, or high thread count weaved cloth. These tapes, which comprise masking, medical tapes, carton sealing, electrical, and BOPP adhesives, facilitate the closeness of a material with a surface and the joining of two adjacent or overlying materials.
Double-sided Adhesive Tape
Double-sided adhesive tape is any pressure-sensitive tape that is coated with adhesive on both sides. It is designed to stick two surfaces together, often in a way which is not visible in the end product, due to it being in between the objects rather than overlaying them.
Application Overview:
By application, the Consumer Goods segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Adhesive Tapes market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Adhesive Tapes Market Report:
Market Size Estimates: Adhesive Tapes market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Adhesive Tapes market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Adhesive Tapes market
Segment Market Analysis: Adhesive Tapes market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Adhesive Tapes market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Adhesive Tapes Market: Revenue and sales volume of major countries in each region
Adhesive Tapes Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Adhesive Tapes market in major regions.
Adhesive Tapes Industry Value Chain: Adhesive Tapes market raw materials & suppliers, manufacturing process, distributors, downstream customers
Adhesive Tapes Industry News, Policies & Regulations
Key players in the global Adhesive Tapes market are covered in Chapter 12:
Tesa Tape (Thailand)
Bangbon Industry
Thai KK Group
K.C.P Masterthai
Yamato Industry (Thailand)
Siam Industry Adhesive Tapes
Henkel
3M
Nitto Denko
Thai Adhesive Tapes Industry
Symbio (Thailand)
NICHIBAN (Thailand)
SEKISUI Chemical
Louis Adhesive Tapes
In Chapter 2 and Chapter 15.1, based on types, the Adhesive Tapes market from 2018 to 2028 is primarily split into:
Single-sided Adhesive Tape
Double-sided Adhesive Tape
In Chapter 3 and Chapter 15.2, based on applications, the Adhesive Tapes market from 2018 to 2028 covers:
Healthcare
Electrical & Electronics
Automotive
Building & Construction
Consumer Goods
Paper & Printing
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Adhesive Tapes market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028