Adhesive Tapes Market
the several performance benefits of these tapes over conventional organic adhesives . These advantages include resistance to chemicals , low surface energy , better performance at extreme temperatures , and resistance to UV radiations and chemicals .
From a geographical perspective , the market for adhesive tapes in Asia Pacific accounted for a massive 48 % of the global market , more than the share of North America and Europe markets combined in the same year . The region is expected to retain dominance over the next few years as well , benefiting from the booming manufacturing , automotive , and industrial sectors in countries such as India and China .
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Healthy Demand from Automotive Industry Key to Growth The rising global demand for the development of lighter vehicles as a way of gaining excellent fuel efficiency has led to the increased replacement of metal parts such as bolts , screws , and rivets with strong adhesive tapes . This trend has played a key role in the increased consumption of adhesive tapes across the automotive industry in the past few years and is expected to remain a key driving force for the global adhesive tapes market in the years to come as well . The trend of miniaturization in the field of electronic devices is also expected to emerge as a key driving force for the global adhesive tapes market in the next few years . Regulations banning use of Restricted Chemicals to Restrain Growth Prospects The growth prospects of the global adhesive tapes market are expected to be restricted to a certain extent owing to the stringent regulations that ban the use of certain varieties of restricted chemicals such as volatile organic compounds . Such restrictions are mostly affecting the overall global demand especially for the product variety of conventional pressure-sensitive adhesive tapes . Such tapes find extensive usage across manufacturing and product design sectors and are one of the most popular product varieties of present times . Limitations on the use of these tapes could lead to significant loss in revenue for companies associated with these product varieties .
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