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Wearable Adhesive Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.
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Published date -30th Jan 2024
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Formats -PDF, CSV
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Region -Global
Wearable Adhesive Market Insights
Market Size & CAGR of Wearable Adhesive Market in 2021
According to recent data, the global wearable adhesive market is estimated to reach a CAGR of 5.2% from 2021 to 2026. In 2021, the market size was valued at USD 1.5 billion.
COVID-19 Impact on the Wearable Adhesive Market
The COVID-19 pandemic had a significant impact on the wearable adhesive market. The market experienced disruptions in the supply chain, leading to delays in product launches and increased prices due to raw material shortages.
Wearable Adhesive Dynamics
The wearable adhesive market is dynamic and rapidly evolving due to advancements in technology and increased demand for wearable devices in healthcare and fitness industries.
Segments and Related Analysis
The wearable adhesive market is segmented based on product type, application, and region. The key segments include silicone-based adhesives, acrylic-based adhesives, medical devices, consumer electronics, and North America, Europe, Asia Pacific.
By Region Analysis
In terms of regions, North America dominates the wearable adhesive market due to the presence of major market players and increasing adoption of wearable devices in the region. However, the Asia Pacific region is expected to witness significant growth during the forecast period.
Key Market Players and Competitive Landscape
The key players in the wearable adhesive market include 3M Company, Avery Dennison Corporation, Nitto Denko Corporation, Scapa Group PLC, and Lohmann GmbH & Co. KG. These players focus on product innovation and strategic partnerships to strengthen their market presence.
Recent Happenings in the Wearable Adhesive Market
In recent news, 3M Company launched a new silicone-based adhesive for wearable medical devices, aimed at improving patient comfort and device durability. This innovation is expected to drive growth in the wearable adhesive market.
