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Hot Melt Adhesive Tapes Market Worth $21.7 Billion by 2024 - Exclusive Report by MarketsandMarkets™

 



(EnergyIndustry.Net, June 13, 2019 ) According to the new market research report "Hot Melt Adhesive Tapes Market by Adhesive Resin (Rubber, Silicone), Backing Material (PP, Polyester), Product Type (Commodity, Specialty), Application (Packaging, Consumer & DIY, Masking, Healthcare & Hygiene) and Region - Global Forecast to 2024",published by MarketsandMarkets™, the market size of Hot Melt Adhesive Tapes is projected to grow from USD 15.5 billion in 2019 to USD 21.7 billion by 2024, at a CAGR of 7.0%, during the forecast period. The global hot melt adhesive tapes market is witnessing high growth on account of increasing applications, technological advancements, and growing demand in the APAC region. Growing packaging market in emerging economies is a key factor providing growth opportunities to the market.

Request for PDF Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=138739970

Consumer & DIY is the fastest-growing application of the hot melt adhesive tapes market.

Increasing public awareness for DIY is fueling the use of these tapes in different activities, such as gardening, crafting, and small construction & furniture projects. A majority of these tapes are used for different office and household applications. The consumer & DIY applications of hot melt adhesive tapes include temporary repairing of rips on any kind of surface, sealing of leaks and holes, temporary mounting of damaged components of cars and automobiles, jointing of broken components of various tools, sealing, and packaging. Hence, the demand for consumer & DIY applications is high in the hot melt adhesive tapes market.

Don't miss out on business opportunities in Hot Melt Adhesive Tapes Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=138739970

Browse in-depth TOC on "Hot Melt Adhesive Tapes Market"
93 – Market Data Tables
40 – Figures
149 – Pages

Rising demand from emerging economies is expected to drive the hot melt adhesive tapes market during the forecast period.

APAC is expected to be the largest and fastest-growing hot melt adhesive tapes market. The demand for hot melt adhesive tapes has increased in other APAC countries, such as South Korea, Singapore, India, and Indonesia, as the application activities in these countries have risen. China has been the driving force for the rapid expansion of the adhesive tapes market, not only in APAC, but also worldwide. In several countries, the factors affecting the packaging, which is a major application of hot melt adhesive tapes, are the increasing level of disposable income and population growth. These factors are positively influencing the hot melt adhesive tapes market growth.
Key players profiled in the Hot Melt Adhesive Tapes Market report include The 3M Company (US), Nitto Denko Corporation (Japan), tesa SE (Germany), Avery Dennison Corporation (US), Intertape Polymer Group Inc. (Canada), Shurtape Technologies, LLC (US), Scapa Group plc (UK), LINTEC Corporation (Japan), ACHEM Technology Corporation (Taiwan), and TE Connectivity Ltd (Switzerland).

Get this report @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=138739970

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.


MarketsandMarkets™

Mr. Shelly Singh

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

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