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Adhesive Tapes Market and Its Key Opportunities and Challenges

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Adhesive Tapes Market and Its Key Opportunities and Challenges

October 14
19:04 2019
Adhesive Tapes Market and Its Key Opportunities and Challenges

Browse 162 market data Tables and 52 Figures spread through 169 Pages and in-depth TOC on “Adhesive Tapes Market”
Adhesive Tapes Market by Resin Type (Acrylic, rubber, silicone), Technology (Solvent, Water and Hot-Melt-Based), Substrate (PP, Paper, PVC), Application (Packaging, Healthcare, Electrical & Electronics, Automotive), and Region

The Adhesive Tapes Market was valued at USD 48.56 Billion in 2016 and is projected to reach USD 69.42 Billion by 2022, at a CAGR of 6.26% during the forecast period, as per a report by MarketsandMarkets. 

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Browse 162 market data Tables and 52 Figures spread through 169 Pages and in-depth TOC on “Adhesive Tapes Market

Why advancement in adhesive tapes technology can trigger more opportunities?

The demand for biodegradable and eco-friendly adhesive tapes has increased in the past few years due to stringent environmental regulations and consumer preference. Hence, new types of biodegradable adhesive tapes are being developed. For commodity adhesive tapes, the innovation of hot-melt-based technology enables an adhesive tape manufacturer or converter to coat an adhesive on a backing like oriented polypropylene (OPP) film without any release of solvents or water. The shift toward hot-melt-based systems is especially increasing in APAC. Innovations such as curable adhesives (UV- and EB- for both rubber and acrylic systems) are intended more for specialty adhesive tapes. These factors are providing market players with opportunities to manufacture innovative products for diverse applications.

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How implementation of stringent regulatory policies remains a challenge?

The chemical industry is facing challenges from regulatory authorities such as Control of Substances Hazardous to Health (COSHH), European Union (EU), Registration, Evaluation, Authorization and Restriction of Chemicals (REACH), Globally Harmonized System (GHS), and Environmental Protection Agency (EPA) in Europe and North America. The manufacturers in Europe and North America are following these regulations regarding the production as well as usage of adhesive tapes for various applications to reduce the emission of VOCs. These regulations require manufacturers to shift from solvent-based to water-based adhesive tape, which is a big challenge for the manufacturers. This has affected the production of companies who were mainly manufacturing adhesive tapes through the solvent-based technology.

Related Reports:

Epoxy Adhesives Market by Type (One-component, Two-component), Application (Building & Construction, Transportation, Automotive, Wind Energy, Marine, Electrical & Electronics), and Region – Global Forecast to 2026

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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