The adhesive tapes market is projected to grow from $60.4 billion in 2020 to $79.9 billion by 2025 (1), at a CAGR of 5.7% during the forecast period. The adhesive tapes market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period.
The increasing use of adhesive tapes in various applications, such as packaging, healthcare, electrical & electronics, building & construction, white goods and automotive is driving the growth of the adhesive tapes market.
Natural rubber, films, foams, paper/PP/PVC, and release liners, are raw materials used in the manufacture of adhesive tapes. Most of these raw materials are petroleum-based derivatives that are vulnerable to fluctuations in commodity prices.
Comprising of a continuous strip of plastic films and other materials, the tapes are manufactured by coating one or both sides with adhesive of varying formulations.
Adhesive tapes usage is growing among many industries
Water-based adhesives are increasingly becoming an integral part of various end-user industry due to their eco-friendly and low-toxic nature, high solid content and high initial adhesion properties.
Overall, manufacturers of tapes are more demanding to reduce waste in the manufacturing process and to process thinner films.
The machines in the BOBST CO coating range are configured for the production of tapes delivering unparalleled performance in uniformity of coating and high quality repeatable output.