Global Structural Adhesive Tapes Market to reach USD 10.07 billion by 2027.Global Structural Adhesive TapesMarket is valued approximately USD 7.6 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.1% over the forecast period 2021-2027. Structural adhesive tapes are composed of specialized adhesives that form a strong bond between two interfaces. This tape has a high bonding strength, a quick fixture, longevity, tensile strength, and flexibility. One of the major causes driving desire for structural adhesive tapes around the world is the experienced robust growth of the vehicle industry. The global structural adhesive tape business is increasing in response to the growing demand for low-weight automotive. These tapes help vehicles to be lighter. These tapes also improve the vehicle's durability and reliability. Furthermore, governmental norms and regulations promoting the use of structural adhesive tapes in automobiles are supporting their use. Over the projected period, these factors are anticipated to fuel the growth of the worldwide structural adhesive tape industry. For instance, China's administration introduced a USD 0.2 trillion aid package to assist the medical and related sectors on March 3, 2020.The structural adhesive tapes growth is highly driven by significant expansion in the healthcare industry in developing nations, as well as demand for temperature control solutions. For instance, 3M Company bought Acelity Inc. and its KCI divisions, notably Kinetic Concepts, Inc., in October 2019. (Texas, US). It is a renowned international digital healthcare company that specialises in specific surgical applications and wound management. KCI is a leading manufacturer of modern medicine for injuries and wound healing around the world.However, the worldwide structural adhesive tape market is likely to be hampered by a sharp increase in commodity prices and a scarcity of raw materials. Also, the growing use of structural adhesive tape in the aviation and shipbuilding applications is likely to drive the worldwide structural adhesive tape market forward during the forecast timeframe. There has been an increase in tourism, which has been accompanied by an increase in disposable income. This aspect is fueling the expansion of the aviation and aerospace industry, which will likely boost the demand for structural adhesive tapes.

APAC is expected to hold the highest share of the worldwide structural adhesive tapes market in terms of value and quantity. Despite an overall downturn in global economic development, APAC has been a great strength adhesive tapes market. This region contains a wide range of economies, each with a different stage of technology and a diversified spectrum of sectors. Industrial, mines, semiconductors, electronic, oil and gas, textile, automobile, financial institutions, pharmaceuticals, and telecommunication are the most common industries in this region. The prominent competitors in this territory are 3M (US), Nitto Denko Company (Japan), and tesa SE (Germany).

Major market player included in this report are:
3M Company
Avery Dennison Corporation
Tesa SE
Nitto Denko Corporation
Lintech Corporation
Intertape Polymer Group, Inc.
Scapa Group Ltd.
Saint-Gobain Performance Plastics Corporation
Sika AG
Lord Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
ByResin Type:
Acrylics
Rubber
Silicone
Others
ByBacking Material:
PVC
Paper
Woven/Non-woven
PET
Foam
PP
Others
By End Use Industry:
Automotive
Healthcare
Electronics & Electrical
Renewable Energy
E-Mobility
Building & Construction
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Structural Adhesive Tapes Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors