Industrial Adhesives and Tapes Market Top Players, Growth Trends, Business Opportunities and Industry Forecast till 2021
“Increasing demand for electronic commodities & electrical appliances, developments & technological innovations in adhesive tapes, and rise in demand from aerospace & construction industries are fueling the Industrial Adhesives and Tapes Market.�
Global industrial adhesives and tapes market is estimated to grow significantly in the forecast period due to increasing awareness among market players for manufacture of innovative products for wide range of applications. Industrial adhesives are organic or inorganic chemical compounds joining the two components. Industrial tapes are used in applications like thread sealing, electrical insulation, adhesive bonding, wrapping, masking and packaging. In short, industrial adhesives and tapes are used instead of screws, welding and fasteners. Remarkable speed in increasing applications (particularly in medical, healthcare, and electronic industries) of industrial adhesives and tapes is one of the major drivers of the market. Furthermore, increasing demand for electronic commodities and electrical appliances, developments and technological innovations in adhesive tapes, and rise in demand from aerospace and construction industries are fueling the market. However, strict government policies and environmental regulations are hampering the growth of the market. Increase in demand for lightweight vehicles is one of the trends observed in the industrial adhesives and tapes market. Moreover, increasing replacement of screws and fasteners with industrial adhesives and tapes are another emerging trend in the market. Moreover, introduction of recyclable adhesives are expected to offer opportunities to the market. Nonetheless, production of adhesive tapes with less VOC (volatile organic compounds) emissions is a challenge for the existing market players. Get Sample Copy of this Report @ https://www.millioninsights.com/industry-reports/industrial-adhesives-tapes-market/request-sample