Albany, NY -- (SBWire) -- 11/06/2017 --The report by TMR reveals that the global adhesive tapes market is likely to rise at a CAGR of 6.8% for the forecast period between 2016 and 2024 vis-à-vis revenue. At this pace, the market is projected to become worth US$92.36 by the end of 2024 which was evaluated at US$51.54 bn in 2015. The global adhesive tapes market is likely to rise at a CAGR of 5.9% from 2016 to 2024 in terms of volume.

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The global adhesive tapes market has been classified based upon end use into consumer goods, graphics, building and construction, automotive, health care, and others.

From a geographical perspective, Asia Pacific is anticipated to display promising growth over the forecast period between 2016 and 2025. This is mainly because of developing manufacturing infrastructure, technological developments, and easy availability of raw materials. Countries such as China and India are expected to contribute substantially due to economic development.

North America stands as a significant market for adhesive tapes due to the growing demand for adhesive tapes from a host of industries.

Some of the prominent players operating in the adhesive tapes market across the globe are Lohmann GmbH & Co.KG., NICHIBAN CO., LTD., CCT Tapes, Advance Tapes International, H.B.Fuller, Kruse Adhesive Tape, Scapa Group PLC, Surface Shields, K.L. & Ling, Vibac Group S.p.a., tesa SE, Saint-Gobain, Nitto Denko Corporation, 3M, and CMS Group of Companies.

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