Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Structural Adhesive Tapes market grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Structural Adhesive Tapes industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Structural Adhesive Tapes industry to benefit clients and increase the market sector. In recent years, the Structural Adhesive Tapes industry has offered some of the most significant advantages to several industries. Major players in the Structural Adhesive Tapes market, including 3M Company, Tesa SE, Nitto Denko Corporation, Lintec Corporation, Intertape Polymer Group, Avery Dennison Corporation, Lohmann GmbH, Berry Inc., Scapa Group PLC, Rogers Corporation, and others, are attempting to increase market demand by investing in research and development operations.
Henkel AG & Co. KGaA, commonly known as Henkel, is a chemical and consumer goods company headquartered in Düsseldorf, Germany. Henkel operates in three main business units: Adhesive Technologies, Beauty Care, and Laundry and home Care. Each of these units is involved in various product categories, from industrial adhesives to consumer beauty and home care products. Henkel's Adhesive Technologies unit is a leader in the development of adhesives, sealants, and surface treatments for industrial and consumer applications. Their products are used in industries such as automotive, electronics, packaging, and construction.
Henkel is actively involved in corporate social responsibility initiatives, with a focus on sustainability, social engagement, and ethical business practices. In October 2023, Henkel and BASF announced a partnership to develop new structural adhesive tapes for the automotive industry. This partnership will focus on developing tapes that are lighter, stronger, and more durable than existing tapes.
3M Company, officially known as the 3M Company, is a well-known American multinational corporation with a wide range of products and services. 3M is known for its diverse product offerings, serving various industries, including industrial, healthcare, consumer, safety, and electronics. Their product portfolio includes adhesives, abrasives, filtration products, medical devices, and more. 3M operates in multiple business segments, including Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. Each unit specializes in a specific range of products and services. In September 2023, 3M and Dow announced a partnership to develop new structural adhesive tapes for the aerospace industry.
This partnership will focus on developing tapes that can withstand the extreme temperatures and environmental conditions that aircraft are exposed to.