Summary

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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• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
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• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The Global Water-Based Adhesive Specialty Tapes Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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