The adhesive tapes market is estimated to be $51.3 billion in 2017 and is projected to reach $69.4 billion by 2022, at a compound annual growth rate (CAGR) of 6.26% between 2017 and 2022, according to a report published by Markets and Markets. Over the past few years, the demand for silicone-based adhesive tapes has reportedly been increasing in various end-use industries.
The hot-melt technology segment is projected to witness the highest growth during the forecast period, while the paper segment is projected to grow at the highest CAGR from 2017 to 2022.
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