Emphasis on Resin Type (Acrylic Polymer Emulsion (APE), Polyvinyl Acetate (PVA) Emulsion, Polyurethane Dispersion (PUD), Vinyl Acetate-Ethylene (VAE) Emulsion, And Styrene-Butadiene (SB) Latex); Application (Automotive, Electrical & Electronics, Construction, Healthcare, Logistics, and Electric Vehicles); and Region/Country
The global water-based adhesive specialty tapes market is expected to grow at a significant rate of 6% during the forecast period. Water-Based adhesive specialty tapes also known as water-borne adhesive is a type of adhesive that is created from soluble synthetic or natural polymers. They can be made from natural or man-made materials and are developed using a combination of water, polymers, and additives. They are ideal for porous or non-porous substrates. These adhesives may be formulated as solutions and are activated as the water evaporates or is absorbed by the substrate. In addition, they are utilized in a variety of applications, including paper and packaging, tapes, and labels, building and construction, and automotive and transportation, because of their flexibility and rapid setting time. Furthermore, water-based adhesive specialty tapes are highly used in the healthcare industry. Its certain applications are surgical tapes and waterproof tapes, for covering incisions and wounds. These tapes have antigenic properties, and they hold tightly onto the skin, bandage, or dressing material.
3M Company, Nitto Denko Corporation, Tesa SE, LINTEC Corporation, Shurtape Technologies LLC, Lohmann GmbH & Co. KG, Intertape Polymer Group Inc., Ashland Global Holdings Inc., Henkel AG & Co. KGaA, H.B. Fuller Company are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst resin type, polyvinyl acetate (PVA) emulsion category to witness robust CAGR during the forecast period”
Based on resin type, the market is segmented into acrylic polymer emulsion (APE), polyvinyl acetate (PVA) emulsion, polyurethane dispersion (PUD), vinyl acetate-ethylene (VAE) emulsion, and styrene-butadiene (sb) latex. The PVA emulsion category is to witness higher CAGR in the coming years as it produces clear, hard films that have good weather resistance and can withstand strong resistance against environmental forces, water, grease, oil, and petroleum fuels. In addition, PVA emulsions have a high initial tack, an almost-invisible bond line, softening at 30–45 °C, good biodegradation resistance, and low cost. Furthermore, polyvinyl acetate (PVA) emulsions have high excellent adhesion and convenience, it is widely used as an adhesive for paper and woodwork. It is even used as a household adhesive/glue after being re-packaged into smaller containers.
“Amongst application, the healthcare segment to hold a significant share in the market in 2021”
On the basis of application, the market is segmented into automotive, electrical & electronics, construction, healthcare, logistics, and electric vehicles. The healthcare category is to witness significant growth during the forecast period. With the increasing incidence of chronic and acute diseases, injuries, burns, and other health issues, the healthcare sector is growing. It has certain applications such as surgical tapes and waterproof tapes, for covering incisions and wounds. In addition, these tapes have antigenic properties, and they hold tightly onto the skin, bandage, or dressing material. Hence, the rise in the demand for medical products, advancements in technology, and growing investment in the healthcare industry are expected to drive the growth of the market for water-based adhesive specialty tapes in the coming years.
“Asia-Pacific to hold a significant share in the market”
Asia-Pacific is anticipated to grow at a substantial CAGR during the forecast period. Due to the high demand for traditional wound care products such as dry dressings, first-aid kits, and adhesive bandages in the region. In addition, due to expanding automotive, healthcare, and electrical and electronics sectors, complemented by the economic growth and rise in disposable income, is driving the growth of the market in the region. Major players are also contributing to the growth of the market. For instance, in November 2020, Pidilite Industries, an Indian adhesives manufacturing company acquired Huntsman Corporation to add very strong adhesives to the market. Furthermore, Government is also investing and contributing to the development of the sector. For instance, According to National Institution for Transforming India (NITI) Aayog, the Indian healthcare industry size is expected to touch $372 billion by 2022.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Impact Of Covid-19 On The Water-based Adhesive Specialty Tapes Market
6. Water-based Adhesive Specialty Tapes Market Revenue, 2020-2028f
7. Market Insights By Resin Type
8. Market Insights By Application
9. Market Insights By Region
10. Water-based Adhesive Specialty Tapes Market Dynamics
11. Water-based Adhesive Specialty Tapes Market Opportunities
12. Water-based Adhesive Specialty Tapes Market Trends
13. Demand And Supply-side Analysis
14. Value Chain Analysis
15. Competitive Scenario
16. Company Profiled
17. Disclaimer
Research Methodology for the Water-Based Adhesive Specialty Tapes Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global water-based adhesive specialty tapes market were the three major steps undertaken to create and analyze the adoption of water-based adhesive specialty tapes in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global water-based adhesive specialty tapes market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the water-based adhesive specialty tapes market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the water-based adhesive specialty tapes market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as resin type and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the water-based adhesive specialty tapes market. Further, we conducted factor analysis using dependent and independent variables such as various resin types and applications of the water-based adhesive specialty tapes market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the water-based adhesive specialty tapes market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global water-based adhesive specialty tapes market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global water-based adhesive specialty tapes market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product types and distribution channels in the global water-based adhesive specialty tapes market.
The main objective of the Global Water-Based Adhesive Specialty Tapes Market Study
The current & future market trends of the global water-based adhesive specialty tapes market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
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