Adhesive Tape Market Projected to Surpass US$ 143.5 billion by 2031, with a CAGR of 6.7%, Transparency Market Research
WILMINGTON, Del., Nov. 6, 2023 /PRNewswire/ -- The global adhesive tape market was estimated to have acquired US$ 80.9 billion in 2022. It is anticipated to register a 6.7% CAGR from 2023 to 2031 and by 2031, the market is likely to gain US$ 143.5 billion. The demand for medical wearables and remote monitoring devices is on the rise. Adhesive tapes are used in securing and attaching these devices, presenting a niche market opportunity.
- By backing material, the polypropylene segment is expected to accelerate the demand for adhesive tape.
- Global Market for Adhesive Tape: Regional Outlook
Various reasons are propelling the growth of the adhesive tape market in different regions. - The use of adhesive tapes in these industries for applications like assembly, bonding, and packaging is expected to drive market growth.
- The following companies are well known participants in the global adhesive tape market: