Businesses are highly reliant on the different segments covered in the market research report which gives better insights to drive the business in the right direction. The competitive analysis is performed in this reliable Stick to Skin Materials Market report which covers a strategic profiling of key market players, their core competencies, and the competitive landscape of the market which aids businesses characterize their individual strategies. With this market report, it becomes easier to establish and optimize each stage in the lifecycle of an industrial process that includes engagement, acquisition, retention, and monetization. This winning Stick to Skin Materials Market research report takes into account the comprehension of business goals and requirements to bridge the gap by delivering the most proper and suitable solutions.
As per the latest market analysis report on stick to skin materials by Fact.MR, a market research and competitive intelligence provider, the global market is projected to be valued at US$ 3.4 billion in 2022 and expand at a CAGR of 7.2% between 2022 and 2032
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Wearable technology has merged itself into society with devices such as wearable blood pressure monitors, wearable ECG monitors, wearable fitness trackers, and biosensors. With increased demand for wearables, there comes an opportunity for skin-sensitive sticking materials that can hold these devices on the human body for a longer time. Different skin types create the need to have appropriate adhesive materials, and players across the value chain are taking this factor with the highest degree of importance.
In addition, the development of accurate wearable sensors would enhance device connectivity, which is creating new opportunities and influence healthy lifestyles, along with boosting profitability.
Key Takeaways from Market Study
- By product, patches are projected to provide an absolute dollar opportunity worth US$ 1.9 billion during by 2032.
- Based on technology, demand for water-based stick to skin materials is projected to increase at a CAGR of 7.6% and be valued at US$ 3.9 billion by 2032.
- Based on use case, the healthcare segment is anticipated to reach US$ 1.7 billion by 2032.
- Europe is projected to capture around 31% of the global market share by 2032.
- East Asia is poised to provide an absolute dollar opportunity worth US$ 300 million by 2032-end.
“Polymeric materials without adhesives have remained the go-to strategy of manufacturers in the market, focusing on expanding their innovative product portfolios to enhance their market presence in niche product segments,”
| Report Attributes | Details |
|---|---|
| Stick to Skin Materials Market Size (2021A) | US$ 3.1 Billion |
| Estimated Market Value (2022E) | US$ 3.4 Billion |
| Forecasted Market Value (2032F) | US$ 6.8 Billion |
| Global Market Growth Rate (2022-2032) | 7.2% CAGR |
Winning Strategy
As the global stick to skin materials market is in its growth phase, manufacturers of retail and healthcare adhesives are diversified and progressing. Major players in the stick to skin materials market have a strong geographical presence and diversified product portfolios. Players are involved in several strategic initiatives such as discovering new material technologies and reaching niche end-user segments.
Sellers’ capabilities and macroeconomic forces along with the connection between buyers and sellers can affect the market positively. This will help sellers meet the needs of buyers and will determine their success in the long term, ensuring futuristic opportunities in the global market.
Competition Landscape
Manufacturers of stick to skin materials are focused on offering different essential and unique products such as adhesive transfer tapes, foam tapes, cloth tapes, LS foam, hydrogels, and hydrocolloids, amongst others.
Some of the applications of stick to skin products and solutions are overactive bladders, cessation aids, hormonal therapy, smoking reduction, and pain relief, amongst others. To lower their prices, cost reduction and increased performance are required, and significant R&D is required for these purposes.
Major Players Dominating Stick to Skin Materials industry
- 3M Company
- Berry Global
- Adhesives Research Inc.
- Avery Dennison Corporation
- DermaMed Coatings Company, LLC
- Mactac
- NITTO DENKO CORPORATION
- Scapa Group Ltd
- Sekisui Kasei Co. Ltd.
More Valuable Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the dianhydride market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights based on product (tapes, patches, other products), technology (solvent-based, hot melt-based, water-based), and use case (lifestyle & fashion, personal care products, athletics/sports, healthcare, other applications), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).
