Healthcare sector plays a key role in the growth of adhesive tapes among the suppliers and dealers across the globe. The adhesive tapes has varied application in the healthcare industry ranging from surgical containers, monitoring electrodes, and other medical devices to usage in covering wounds, for fixing cover shields during surgeries, and others. The healthcare industry is growing rapidly in the regions of Asia-pacific, due to increased health awareness and government’s initiative to improve medical infrastructure. With rapid economic development in the emerging nations of APAC, the demand has increased for automobiles. Additionally these tapes are used widely in other industries such as food & beverage, construction, consumer goods, electronics, automotive, etc. The Adhesive Tapes Market Growth is dependent on its applications in these industries.
The report has analyzed the market based on the three segments: material, technology and application in the regions of North America, Europe, APAC and rest of the world. On the basis of application Healthcare is expected to show the largest market share by 2022 due to the high demand for such tapes in in various applications such as surgical containers and monitoring electrodes. The global Adhesive Tapes Market Growth is expected to cross USD 62 Billion at the end of the forecasted period and is expected to grow at CAGR of approximately 5% from 2016 to 2022.
APAC will be the largest market
APAC is expected to dominate the market with its fastest growing market for adhesive tapes. The region is expected to lead the market for these tapes across all sectors such as healthcare, construction, automotive and others. The region witnessed economic growth along with industrialization. This has given way to the urgent need for infrastructure to support the increasing population. This induces the demand for tapes in construction industry. Along with healthcare and construction the other industries such as food & beverage, automotive, electronics has also fueled the demand for adhesive tapes.
North America and Europe are the well-established and matured market for adhesive tapes and are expected to witness steady growth over the forecasted period.
Ask for your specific company profile and country level customization on reports.
We recognize the key players in the Global Packaging Machinery Market as 3M Company, Avery Dennison Corporation, Tesa SE, Nitto Denko Corporation, Lintec Corporation, Henkel AG & Company KGaA, Intertape Polymer Group, Lintec Corporation, Shurtape Technologies LLC, Scapa Group Plc and Lohmann GmbH & Co.KG. This report includes the product portfolios of the same.
This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global Adhesive Tapes Market Growth, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
Read More :
Comments