Hot Melt Adhesive Tapes Market Growth Analysis | 2023-2028

Market Insights

The Hot Melt Adhesive Tapes Market was estimated at US$ 15.04 billion in 2022 and is expected to grow at a CAGR of 7.25% during 2023-2028 to reach US$ 22.93 billion in 2028.

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What are Hot Melt Adhesive Tapes?

Hot melt adhesive tapes are a type of adhesive tape that is coated with a layer of hot melt adhesive. These tapes are designed to bond quickly and securely when heat is applied, typically through a hot glue gun or tape dispenser. When the adhesive is heated, it becomes soft and tacky, allowing for easy application to various surfaces.

Market Dynamics

Hot melt adhesive tapes offer several advantages, including fast bonding, high initial tack, and a strong bond once cooled. They are commonly used in packaging, sealing, and assembly applications across various industries due to their versatility and reliability. Hot melt adhesive tapes are available in different widths, lengths, and thicknesses to suit specific needs and are known for their ease of use and effectiveness in achieving strong, durable bonds. The growing use of hot melt adhesive tapes in diverse applications along with the increasing adoption of hot melt adhesive technology is also leading to the growth of the market.

Segments Analysis

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By Adhesive Resin Type

The hot melt adhesive tapes market has been segmented as rubber and silicone. The rubber segment captured the major share, owing to the increase in the use of hot melt adhesives. The segment’s cost is low in comparison to the acrylic-based and silicone-based adhesive tapes. It possesses peel strength and the high track is the cause for its ability to adhere well to several low-energy surfaces. All these factors are driving the growth of the segment during the forecast period.

By Application Type

The market is segmented as packaging, consumer & DIY, masking, healthcare & hygiene, and others. The consumer & DIY segment is estimated to be the fastest-growing segment during the forecast period.

Regional Analysis

In terms of regions, Europe is estimated to dominate the hot melt adhesive tapes market during the forecast period. Asia-Pacific is estimated to grow at the fastest rate in countries such as Singapore, India, Indonesia, and South Korea. China is growing due to the rapid expansion of adhesive tapes.

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Key Players

Some of the major players in the hot melt adhesive tapes market are-

• The 3M Company
• Nitto Denko Corporation
• Tesa SE
• Avery Dennison Corporation
• Intertape Polymer Group Inc.
• Shurtape Technologies, LLC
• Scapa Group plc
• LINTEC Corporation
• ACHEM Technology Corporation
• TE Connectivity Ltd.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 800 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players and those willing to enter the market.

What Deliverables Will You Get in this Report?

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players).
• SWOT analysis of key players (up to 3 players).

Market Segmentation

• Current market segmentation of any one of the product types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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