Hot melt adhesive is a synthetic resin which melts when heated. It is being applied by an automated system with multiple applicators. Hot melt adhesive tapes are Low-cost sealing material with high application flexibility due to different material options and nozzle sizes. Hot melt adhesive tapes are used for case and carton assembly. Very less time is being consumed by application of these hot melt adhesives tapes which Guarantees continuous operation. Hot melt adhesive tapes provide higher structural strength and long-term bonds. A professional and smooth seal can be obtained via hot melt adhesive tapes. Hot melt adhesive tapes are applied in different applications such as packaging, masking, health care & hygiene, etc.
MARKET DYNAMICS
Hot melt adhesive tapes market will grow owing to the driving factors such as increasing demand for less time-consuming adhesion alternative in packaging application. Hot melt adhesive tapes demand will further grow due to its broad applicability on the base material of different shape, sizes and composition. Predominantly, lower thermal resistance than other alternatives such as water based and solvent based tapes may hinder the hot melt adhesive tapes market. However, hot melt adhesive tapes' usage as bookbinding and as masking process in the woodworking industry will create opportunities for the hot melt adhesive tapes market.
MARKET SCOPE
The "Hot melt adhesive tapes Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the hot melt adhesive tapes market with detailed market segmentation by resin type, backing material, tape type, product type, application, and region. The hot melt adhesive tapes market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading hot melt adhesive tapes market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The hot melt adhesive tapes market is segmented on the basis of resin type, backing material, tape type, product type, application. On the basis of resin type, the hot melt adhesive tapes market is segmented into, rubber, silicone, others. On the basis of backing material, the hot melt adhesive tapes market is segmented into, polypropylene, polyester, others. On the basis of tape type, the hot melt adhesive tapes market is segmented into, single-sided tape, others. On the basis of product type, the hot melt adhesive tapes market is segmented into, commodity tapes, specialty tapes. On the basis of application, the hot melt adhesive tapes market is segmented into, packaging, consumer & DIY, masking, healthcare & hygiene, others.
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REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the hot melt adhesive tapes market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The hot melt adhesive tapes market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the hot melt adhesive tapes market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the hot melt adhesive tapes market in these regions.
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MARKET PLAYERSThe reports cover key developments in the hot melt adhesive tapes market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from hot melt adhesive tapes market are anticipated to lucrative growth opportunities in the future with the rising demand for hot melt adhesive tapes in the global market. Below mentioned is the list of few companies engaged in the hot melt adhesive tapes market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hot melt adhesive tapes market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-3M Company
-ACHEM
-Avery Dennison Corporation
-Intertape Polymer Group, Inc.
-Lintec Corporation
-Nitto Denko Corporation
-Scapa Group Plc
-Shurtape Technologies, LLC
-TE Connectivity Ltd.
-Tesa SE
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