MarketsandMarkets has released Top 15 Adhesive Tapes Companies, Worldwide 2023 to help businesses make quicker and more informed decisions. Companies' market presence and product footprint are used to build quadrants, which will be revised annually.
The global adhesive tapes market size was USD 80.2 billion in 2022 and is projected to reach USD 110.6 billion by 2028, at a CAGR of 5.6% between 2023 and 2028. The market growth can be attributed to the high demand of healthcare and electrical & electronics industries in developing countries, coupled with enhanced global economic conditions, thereby leading to global adhesive tapes companies investing in emerging markets. The electrical and electronics industry is seeing an increase in the use of adhesive tapes because of the trend toward adopting lightweight products.
The packaging industry has also experienced consistent growth in the last decade, fueled by the integration of new markets, changes in substrate preferences, and evolving ownership dynamics. Anticipated to persist over the next decade, this growth is likely to face substantial pressures and disruptive changes. The upsurge is particularly expected in less developed economies, driven by the increasing urbanization and adoption of a westernized culture and lifestyle. This shift has led to heightened demand for packaged goods, a trend further propelled by the global acceleration of the e-commerce sector.
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Unveiling the Market Leaders: Honoring Excellence in Adhesive Tapes Markets
Ø 3M has established itself as a market leader in adhesive tapes through a combination of cutting-edge innovation, product diversity, and a strong global presence. 3M's adhesive tape portfolio spans an extensive range of products, catering to diverse industries such as automotive, healthcare, electronics, and more. Some of these are anti-slip & grip tapes, barricade & warning tapes, bonding, mounting & transfer tapes, cloth & duct tapes, electrical tapes, filament tapes, and anti-slip & grip tapes among others. 3M's global presence and customer-centric approach contribute to its market leadership, as it tailors adhesive tape solutions to meet the specific needs of diverse sectors.
Ø Tesa SE stands out as a market leader in adhesive tapes due to its commitment to innovation, product quality, and extensive market presence. Renowned for its diverse range of high-performance adhesive solutions, Tesa offers a portfolio that caters to a myriad of industries, including automotive, electronics, and healthcare. The company has a meticulous selection of materials for base components, encompassing materials like PP (polypropylene), PET (polyethylene terephthalate), or PVC (polyvinylchloride), along with fleece, foam (PE), and fabric. Furthermore, the company’s extensive market presence, coupled with a reputation for cutting-edge technology, positions Tesa SE as the go-to choice for adhesive tape solutions, solidifying its status as a market leader.
Ø Nitto Denko is a prominent market leader in the adhesive tapes industry, exemplifying a robust market presence and an extensive product footprint. With an extensive global reach, Nitto Denko has established itself as a pioneering force in adhesive technology. The company asserts its leadership in the adhesive tapes industry through a diverse product range, including products such as optically clear adhesive tape, re-peelable strong adhesive double-sided tape, thin PET-based double-sided tape, and low VOC double-sided tape, among others. It uses adhesives types such as rubber, silicone, and synthetic rubber among others. The company's commitment to research and development, coupled with a focus on quality, positions it as a one of the key players in the adhesive tapes market.
Ø IPG (Intertape Polymer Group) has established itself as a market leader by offering a comprehensive range of adhesive tape solutions and a wide market presence. With a diverse portfolio that spans a wide range of industries, including packaging, construction, and automotive, IPG's adhesive tapes are trusted by businesses worldwide. The company's strategic focus on research and development, coupled with a dedication to sustainable practices, positions IPG at the forefront of the market, where it continues to set industry standards and meet the evolving needs of its global clientele.
Ø Avery Dennison has firmly established itself as a prominent market leader in the adhesive tapes industry. Avery Dennison Performance Tapes stands out as a global leader in developing and manufacturing high-performance pressure-sensitive adhesives and tapes. With over 50 years of expertise, the company serves diverse sectors such as automotive, appliances, electronics, building and construction, specialty industrial, and personal care. The company’s commitment to innovation is evident in its standard and customized solutions, tailored to meet the unique needs of customers worldwide. Backed by a network of manufacturing facilities and local support services, Avery Dennison ensures a strong global presence, reinforcing its reputation for delivering cutting-edge adhesive solutions across industries.
Ø Lohmann, a distinguished industry leader, has firmly established itself as a pioneer in the realm of adhesive tapes. With a rich history spanning decades, the company's cutting-edge research and development efforts have yielded a diverse and technologically advanced tape portfolio, catering to a wide array of industries. From high-performance bonding tapes for automotive applications to precision medical tapes, Lohmann's portfolio showcases a commitment to cutting-edge technology and versatility. With a focus on addressing evolving market demands, Lohmann continues to enhance its product offerings, ensuring it remains at the forefront of adhesive tape innovation.
Ø LINTEC Corp has emerged as a frontrunner in the adhesive tape industry, solidifying its position as a market leader. The company's adhesive tape portfolio is expansive, catering to a wide range of applications across various industries. Lintec's products include high-performance tapes for industrial use, specialty tapes for electronics and automotive applications, and innovative solutions for healthcare and packaging. With a global presence and a reputation for excellence, Lintec continues to be a driving force in shaping the future of the adhesive tapes market.
Categorization Of Adhesive Tapes Companies On 360 Quadrants
Adhesive Tapes companies’ evaluation was conducted for 110 companies, of which the top 15 were categorized and placed in a quadrant under Market Leaders, Contenders, Innovators, and Emerging Companies.
All the companies in the market leader segment demonstrated strong offerings and the ability to influence the market’s direction with their deep expertise. These companies include 3M, tesa SE, Nitto Denko, IPG, Avery Dennison, Lohmann, LINTEC Corp. These companies dominate the market, together accounting for nearly one-third of the entire Adhesive Tapes market.
Berry Global has been recognized as the contender. The contenders are companies with a strong market presence, excelling in specific niches. While not offering the full range of market leaders,
they wield significant influence and impact. These companies focus on specific technologies and aim to establish leadership within their chosen segment.
In the quadrant, innovators are highly innovative companies with a strong product portfolio, but a smaller market presence compared to leaders. They push industry boundaries with forward-thinking approaches and have the potential to become major players despite lower corporate growth strategies. Scapa Group and Nichiban have been identified as the innovators in the quadrant.
The 360 Quadrants thoroughly assesses the emerging companies in the Adhesive Tapes industry. They focus on specific areas and offer specialized knowledge, targeted support, flexible terms, and competitive prices. While they may have limited capabilities, they are preferred for specific use cases. These companies employ strategies to expand sales and reach a broader client base. This segment of the quadrant has identified Orafol, Saint-Gobain, Shurtape Technologies, American Biltrite, and Teraoka as emerging companies.
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Evaluation Criteria
The vendor evaluation was conducted on over 110 companies of which the top 15 were categorized and recognized as the quadrant leaders. Factors such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Adhesive Tapes quadrant. While the top criteria for product footprint evaluation included Resin (Acrylic, Rubber, Silicone, Others), Technology (Solvent-based, Hotmelt-based, Water based), Type (Commodity, Specialty), and Application (Packaging, Masking, Consumer & Office).
360 Quadrants Scoring Methodology
360 Quadrants employs a comprehensive and transparent scoring methodology to evaluate companies. It identifies relevant evaluation criteria, collects and validates data from multiple sources, and employs an algorithm that considers parameter weights to generate scores. Normalization ensures fair comparisons, and the aggregated scores categorize solutions into quadrants such as Market Leaders, Contenders, Innovators, and Emerging Companies. This unbiased approach equips users with accurate information, empowering them to make well-informed decisions and select solutions that best suit their needs and objectives.
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