According to a new market report published by Markets and Markets, the adhesive tapes market size is expected to grow at 5.5% CAGR by 2021, increasing from $47.33 billion in 2016 to $61.86 billion by 2021. The global adhesive tapes market is driven by the rising demand from healthcare, electrical & electronics, automotive, building & construction, and other applications. In Asia-Pacific, rising awareness of high-quality PVC and foam-based products coupled with increasing demand in this region fueled by the increasing population are driving the market. Healthcare is the largest application for adhesive tapes Adhesive tapes are applied in various fields such as packaging, masking, electrical & electronic, healthcare, automotive, white goods, paper & printing, and others. In terms of both volume and value, the healthcare application occupied the largest market share in 2015. Adhesive tapes are utilized in the healthcare application to cover wounds, for fixing cover shields during surgeries, and for cleaning purposes in antiseptic room entrances. The use on surgical containers, monitoring electrodes, and other medical devices is driving the demand for healthcare adhesive tapes. Specialty tape is the fastest growing type of adhesive tapes Specialty tape is the fastest growing type of adhesive tapes around the globe. This lies in that it is easy to handle, moderately priced, and exhibits good performance in various applications. The major driver for the growth is its rising use in healthcare and building & construction applications and growing healthcare, manufacturing, and construction fields in the Asia-Pacific region. Increasing demand in Asia-Pacific is the major driver of adhesive tapes market In terms of both volume and value, Asia-Pacific accounted for the largest market share in 2015. The high demand in the region is projected to be the major driver of the global Asia-Pacific market. The increasing demand for quality adhesive tape products, rising population in this region, and growing innovation & developments in end-use industries make it a strong industry hub.