Structural Adhesive Tapes Market to Witness Astonishing Growth by 2031

The global structural adhesive tapes market is anticipated to grow at a CAGR of 3.9% during the forecast period. The growing application of structural adhesive tapes in end-user verticals especially in the automotive sector is the major factor driving the growth of structural adhesives market. These tapes are considered a key component in the automotive industry as they are used to provide superior bonding/joining to different substrates used in lightweight vehicles. In addition, these tapes are also used in EV battery manufacturing to increase safety and reduce battery weight. These tapes also make EV battery production processes simpler, cleaner, and more reliable. These adhesive tapes cure at a much lower temperature, allowing for the elimination of the equipment and process steps required for brazing. It is expected that with the surge ind emand for EVs in emerging economies, the need for structural adhesive tapes is projected to increase during the forecast period, which will significantly drive the market growth. 

Furthermore, the major steps taken by the emerging economies to eliminate the use of combustion engine vehicles and to replace it with an EV will accelerate the production of EVs during the forecast period. For instance, Norway is planning to phase out conventional cars by 2025, followed by France and UK in 2040 and 2050, respectively. Moreover, in October 2017, Germany’s Bundesrat passed a resolution to ban IC engine-based vehicles by 2030. In addition, Germany is targeting a combined BEV and FCEV stock of 7-10 million cars by 2030. Thus, these initiatives will increase the production of electric vehicle globally, that will further boost the production of structural adhesive tapes. 

To Request a Sample of our Report on Structural Adhesive Tapes Market:  https://www.omrglobal.com/request-sample/structural-adhesive-tapes-market

Market Coverage

• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031

Segment Covered- 

• By Resin Type
• By Material Type
• By End-User Industry

Regions Covered-

• North America
• Europe
• Asia-Pacific
• Rest of the World

Competitive Landscape- 3M Co., Ashland Inc., Avery Dennison Corp, Henkel AG & Co., Lintec Corp, 

Structural Adhesive Tapes Market Segmentation

By Resin Type

• Silicone
• Acrylic
• Rubber
• Others

By Material Type

• Paper
• Polyvinyl Chloride
• Polypropylene
• Others

By End-User Industry

• Building &Construction 
• Automotive
• Healthcare
• Electrical & Electronics
• Others (Renewable Energy,Aviation & Aerospace)

A full Report of Structural Adhesive Tapes Market is Available @  https://www.omrglobal.com/industry-reports/structural-adhesive-tapes-market

Regional Analysis

North America

• United States
• Canada

Europe

• UK
• Germany
• Spain
• France
• Italy
• Rest of Europe

Asia-Pacific

• India
• China
• Japan
• South Korea
• Rest of APAC

Rest of the World

Company Profiles           

• 3M Co.
• Ashland Inc.
• Avery Dennison Corp.
• Berry Global Inc.
• Bostik, Inc.
• B. Fuller Co.
• Henkel AG & Co.
• Huntsman International LLC
• Illinois Tool Works Inc.
• Intertape Polymer Group, Inc.
• Lintec Corp.
• Lord Corp.
• Nitto Denko Corp.
• Saint-Gobain Performance Plastics Corp.
• Scapa Group Ltd.
• Scott Bader Co. 
• Sika AG
• Tesa SE
• The Dow Chemical Company

Reasons to buy from us –

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/structural-adhesive-tapes-market

About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

Article source: https://article-realm.com/article/Business/63694-Structural-Adhesive-Tapes-Market-to-Witness-Astonishing-Growth-by-2031.html