Structural Adhesive Tapes Market Analysis | 2023-2028

Structural Adhesive Tapes Market Analysis | 2023-2028

Structural Adhesive Tapes Market Analysis | 2023-2028
Report code - SR2744 Delivery - 2 Weeks
Structural Adhesive Tapes Market Size, Share, Trend, Forecast Analysis & Gro See more...

“The Structural Adhesive Tapes Market is likely to grow at a promising CAGR of 4.1% in the long run to reach US$ 13.0 Billion by 2028.”

Market Dynamics

Introduction

Structural adhesive tapes are a type of adhesive product designed for bonding and joining materials in various applications, including automotive, aerospace, construction, electronics, and more. Unlike traditional adhesive tapes, which are often used for temporary or non-structural applications, structural adhesive tapes are engineered to provide high-strength, long-lasting bonds that can replace or augment traditional mechanical fasteners such as screws, rivets, and welds.

Market Drivers

The growing adoption of structural adhesive tapes in various industries is driven by several key factors. Firstly, their ability to provide high-strength, durable bonds between different materials is a critical driver. This attribute is especially valuable in applications where traditional mechanical fasteners may be less efficient or impractical. Secondly, the lightweight nature of structural adhesive tapes is a significant advantage, particularly in industries like automotive and aerospace, where weight reduction is paramount for improving fuel efficiency and performance. Additionally, the ease of application and the potential for labor and assembly cost savings make them an attractive choice for manufacturers. Their corrosion resistance, vibration-damping properties, and design flexibility further contribute to their widespread use.

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Segments Analysis

Segmentations

List of Sub-Segments

Dominant and Fastest-Growing Segments

Resin Type Analysis

Acrylic, Rubber, Silicone, and Others

Acrylic is anticipated to remain the biggest demand generator in the years to come.

Backing Material Analysis

PVC, Paper, Woven/ Non-woven, PET, Foam, PP, and Others

Woven/ non-woven is the fastest-growing baking material in the structural adhesive tapes market.

Product Type Analysis

Single-sided bonding and Double-sided bonding

Single-sided bonding is dominant in the product.

Technology Analysis

Solvent-based, Water-based, Hot-melt and Reactive

Solvent-based has the biggest market share for the technology.

End-Use Industry Analysis

Automotive, Healthcare, Electrical & Electronics, Renewable Energy, E-Mobility, Building & Construction, and Others

Healthcare accounts for the largest segment of the market.

Regional Analysis

North America, Europe, Asia-Pacific, and The Rest of the World

Asia-Pacific is expected to remain the largest market over the next five years.

By Resin Type

“Acrylic is expected to remain the largest resin type in the market during the forecast period.”

The structural adhesive tapes market is segmented into acrylic, rubber, silicone, and others. Acrylic is expected to remain the largest resin type in the market during the forecast period as it offers an exceptional balance between bonding strength and flexibility, making it suitable for a wide range of applications.

This versatility allows manufacturers to use them in various industries, from automotive and aerospace to construction and electronics. Another significant advantage of acrylic adhesives is their relatively quick curing time. They often cure at room temperature, which contributes to faster assembly processes and increased production efficiency. This characteristic can lead to cost savings for manufacturers as it reduces labor and energy costs associated with curing.

By Backing Material Type

“The woven/non-woven materials segment is the fastest growing segment during the forecast period.”

The market is segmented into PVC, paper, woven/ non-woven, PET, foam, PP, and others. The woven/non-woven materials segment has emerged as the fastest-growing category in the structural adhesive tapes market as they offer a unique combination of strength, flexibility, and adaptability, making them ideal for a wide range of applications across various industries.

Additionally, woven and non-woven materials are known for their lightweight nature, which is crucial in industries like automotive and aerospace, where weight reduction is a top priority for improving fuel efficiency and performance. Their lightweight properties contribute to reduced overall product weight without compromising strength, aligning with sustainability goals and regulatory requirements for lower emissions.

By End Use Industry

“The healthcare sector accounts for the largest segment of the market during the forecast period.”

The market is segmented into automotive, healthcare, electrical & electronics, renewable energy, E-mobility, building & construction, and Others. The healthcare sector has emerged as the largest segment in the structural adhesive tapes market as they plays a vital role in the assembly and manufacturing of medical devices and equipment. These devices, which include surgical instruments, diagnostic equipment, wearable medical devices, and more, often require precise and secure bonding to ensure their reliability and safety.

Structural adhesive tapes offer a non-invasive and efficient means of joining components, which is particularly important in healthcare applications where traditional methods like welding or mechanical fasteners may not be suitable due to their invasive nature.

Regional Analysis

“Asia-Pacific is expected to remain the largest market for structural adhesive tapes during the forecast period.”

The region is one of the most significant contributors to global production. Structural adhesive tapes are extensively used in manufacturing processes to enhance efficiency, reduce costs, and improve product quality. This has driven the demand for these tapes in the region's manufacturing hubs, such as China's Guangdong Province and India's industrial clusters.

Moreover, Asia-Pacific has witnessed a surge in construction activities, both residential and commercial, driven by urban population growth and infrastructure development initiatives. Structural adhesive tapes play a crucial role in the construction industry for applications such as bonding cladding materials, curtain walls, and structural components. As a result, the construction boom has significantly boosted the demand for these tapes in the region.

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Key Players

The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.  

The following are the key players in the structural adhesive tapes market (arranged alphabetically).

  • 3M Company
  • Avery Dennison Corporation
  • Lintec Corporation
  • Nitto Denko Corporation
  • Tesa SE

Note: The above list does not necessarily include all the top players in the market.

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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 as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Key questions this report answers

Relevant contents in the report

How big is the sales opportunity?

In-depth analysis of the Structural Adhesive Tapes Market

How lucrative is the future?

The market forecast and trend data and emerging trends

Which regions offer the best sales opportunities?

Global, regional, and country-level historical data and forecasts

Which are the most attractive market segments?

Market Segment Analysis and Forecast

Who are the top players and their market positioning?

Competitive landscape analysis, Market share analysis

How complex is the business environment?

Porter’s five forces analysis, PEST analysis, Life cycle analysis

What are the factors affecting the market?

Drivers & challenges

Will I get the information on my specific requirements?

10% free customization

Research Methodology

This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s structural adhesive tapes market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

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 1,000 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 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

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 three players)
  • SWOT analysis of key players (up to three players)

Competitive Benchmarking

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

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

Frequently Asked Questions

Structural adhesive tapes are a type of adhesive product designed for bonding and joining materials in various applications, including automotive, aerospace, construction, electronics, and more. Unlike traditional adhesive tapes, which are often used for temporary or non-structural applications, structural adhesive tapes are engineered to provide high-strength, long-lasting bonds that can replace or augment traditional mechanical fasteners such as screws, rivets, and welds.

The structural adhesive tapes market is estimated to grow at a CAGR of 4.1% by 2028, driven by the ease of application and the potential for labor and assembly cost savings, which make them an attractive choice for manufacturers. Their corrosion resistance, vibration-damping properties, and design flexibility further contribute to their widespread use. Moreover, the lightweight nature of structural adhesive tapes is a significant advantage, particularly in industries like automotive and aerospace, where weight reduction is paramount for improving fuel efficiency and performance.

3M Company, Avery Dennison Corporation, Nitto Denko Corporation, Tesa SE, and Lintec Corporation are the leading players in the structural adhesive tapes market.

The Structural Adhesive Tapes Market is likely to grow at a promising CAGR of 4.1% in the long run to reach US$ 13.0 Billion by 2028.

Asia-Pacific is estimated to remain dominant in the structural adhesive tapes market in the foreseeable future. Asia-Pacific region is home to some of the world's fastest-growing economies, including China, India, Japan, and South Korea. The rapid industrialization, urbanization, and infrastructure development in these countries have led to increased demand for structural adhesive tapes in various applications such as automotive manufacturing, construction, electronics, and consumer goods production.

Acrylic adhesives have emerged as the dominant resin in the structural adhesive tapes market as they are known for their exceptional durability and resistance to environmental factors such as UV radiation, moisture, and temperature fluctuations. This durability ensures that the adhesive bonds remain strong over time, even in challenging conditions, which is a critical requirement in structural applications where long-term reliability is essential.

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