6/22/2023 0 Comments Scotch tapeThe adhesive tapes market witnessed a mixed impact of the COVID-19 pandemic. As consumers become more environmentally conscious, they may seek alternative packaging solutions that are more sustainable and eco-friendly. Additionally, environmental concerns over the disposal of adhesive tapes and their impact on the environment can also act as a restraint for the market. This can result in increased production costs for manufacturers and higher prices for consumers, which can lead to a decrease in demand for adhesive tapes. One restraint for the adhesive tapes market is the increasing cost of raw materials, such as petroleum-based chemicals, used in the manufacturing process. Additionally, the growth of e-commerce and online shopping has increased the demand for packaging materials, including adhesive tapes, as more products are shipped directly to consumers. Adhesive tapes provide a quick and easy way to seal packages and are preferred by consumers and businesses for their efficiency and reliability. One driver for the adhesive tapes market is the increasing demand for convenience and ease of use in packaging solutions. The acquisition will be an all-cash transaction valued at approximately US$2.6 billion, including net debt, with Clearlake paying CDN$ 40.50 per share. announced that it had entered into a definitive agreement to be acquired by an affiliate of Clearlake Capital Group, L.P. Lintec Corporation developed a range of adhesive tapes essential for the semiconductor manufacturing process, including wafer surface protective tape, wafer backside affixing and chip mounting tape, and backside coating tape for flip chip packaging. Increasing need for the housing and lodging sector with the rapid industrializationīrowse In-depth Market Research Report (123 Pages) Adhesive Tapes: North America, Europe, Asia-Pacific, and Rest of the World (RoW) Revenue Forecast, Competitive Landscape, Growth Factors, and Trends The affluent companies in the Adhesive Tapes industry include However, the market is also facing several challenges, such as the availability of alternative bonding solutions and environmental concerns regarding the disposal of adhesive tapes. The adhesive tapes market is driven by various factors, including the growing demand from end-use industries, such as packaging and construction, and the rising need for lightweight and cost-effective bonding solutions. They are widely used in packaging, automotive, construction, electronics, and medical industries, among others. Adhesive tapes can be made of various materials, including paper, plastic, and fabric. The market size will be reaching around USD 79.9 Billion by the end of the year 2030Īdhesive tapes are versatile and multi-purpose tapes that have a sticky surface coated with an adhesive material, which allows them to bond to various surfaces. New York (US), (GLOBE NEWSWIRE) - Adhesive Tapes Market OverviewĪccording to a Comprehensive Research Report by Market Research Future (MRFR), “ Adhesive Tapes Market Information by Backing Material, Type, Application, and Region - Forecast till 2030”, Adhesive Tapes Market could thrive at a rate of 5.4% between 20.
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