Pressure Sensitive Tapes Market Segments, 6.1% CAGR, Statistics, and Opportunities by forecast 2023 | Global Pressure Sensitive Tapes Market information by Backing Material (Paper, PVC, Polypropylene), Product (Masking, Carton Sealing, Electrical, Double-sided), Application (Healthcare, Packaging, Construction, Manufacturing) and Region – Forecast to 2023
Market Overview
Market Research Future (MRFR) has recently published an in-depth report on the global pressure sensitive tapes market and has projected a CAGR of 6.1% over the forecast period of 2017-2023. Pressure sensitive tapes are broadly used for packaging, sealing, labelling, stationery, and other general-purpose applications. This kind of tapes are based on several pressure sensitive adhesives where adhesive is applied on one side or on both sides.
Pressure sensitive tapes adhere to various surfaces with light pressure without the need for solvent, water, or heat to activate the adhesive present in them. They are generally termed as self-adhesive, sticky tape, or PSA tape and are used for wide-ranging purposes.
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Industry News
In June 2017, Avery Dennison Corporation, one of the major manufacturers and distributors of pressure sensitive adhesive materials has completed the acquisition of Yonge Tape Company Ltd. to manufacture specialty tapes and related products in a variety of industrial markets. The same year, in September 2017, Avery Dennison Corporation expanded its Yunshan Plant to meet the demand from pressure sensitive tapes.
In November 2016, 3M Company developed Scotch Clean Removal Strapping Tape 8899HP to expand the product portfolio.
Regional Analysis
Region-wise, the pressure sensitive tapes market has been segmented into North America, Rest-of- the-World (RoW), Europe, and Asia Pacific (APAC).
The APAC market is expected to domineer the global pressure sensitive tapes market over the forecast period. Expanding industrial activities in the region provides attractive opportunities for the growth of the market. Manufacturing activities are gradually being shifted to APAC due to the ease of carrying out operations in the region. The availability of relatively cheap labour, supportive government regulations, and availability of raw materials at subsidized rates are favouring the shift.
The expanding construction industry also acts as a motivating force to the growth of the market. North America has secured the second spot in the global pressure sensitive tapes market. An established automotive industry generates substantial demand for pressure sensitive tapes.
Moreover, the region has demonstrated heightened acceptance of pressure sensitive tapes in place of mechanical fasteners, which is contributing to the growth of the market.
Europe is a key market for pressure sensitive tapes. Augmented demand from the consumer goods industry and personal care industry has substantiated the growth of the market in the region.
Rapidly expanding packaging industry in the UK, Spain, Germany, and France is inducing high demand for packaging tapes in the region.
Market Segmentation
The pressure sensitive tapes market has been segmented based on backing material, product, and application.
By backing material, the pressure sensitive tapes market has been segmented into paper, PVC, polypropylene, and others. The polypropylene segment dominated the market in 2016 and is anticipated to retain its position over the forecast period. Superior properties of polypropylene such as moisture and chemical resistance, high impact and fatigue resistance, as well as resistance to electricity, boost its demand. The paper segment is expected to register the highest CAGR over the forecast period. Paper is a low-cost backing material due to which it experiences demand from diverse industries such as industrial, construction, and electronics.
By product, the pressure sensitive tapes market has been segmented into masking, carton sealing, electrical, double-sided, and other. The carton selling tapes segment held the foremost share of the market in 2016. Carton selling tapes are non-toxic in nature and are compatible with various sterilization forms due to which they experience heightened demand. The double-sided tapes segment is expected to be the fastest growing segment over the forecast period. Double sided tapes are durable, reliable, and possess effective fixing and bonding properties.
By application, the pressure sensitive tapes market has been segmented into healthcare, packaging, construction, manufacturing, and others. Application-wise, the packaging segment leads the market.
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The global Pressure Sensitive Tapes market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2021-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the pressure sensitive tape market includes 3M Company, ABI Tape Products, Adchem Corporation, Advance Tapes International Limited, Avery Dennison Corporation, Berry Plastics, Intertape Polymer Group, Jonson Tapes Limited, Lintec, Nitto Denko Corporation, Saint-Gobain, Scapa, Shurtape, tesa SE and Zhejiang Yonghe Adhesive Products Company Limited.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments, and other developments with information in terms of H.Q.Get more information on "Global Pressure Sensitive Tapes Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/pressure-sensitive-tapes-market/download-sampleMarket DynamicsThe rising demand for tapes in the burgeoning building & construction industry owing to increase investments on construction across the globe is driving the market growth.
Whereas, advancements in pressure sensitive tapes such as adoption of bonding technology which include thinner and lighter for enabling uniformity and effective gap filling is expected to create potential opportunity during the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
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The report also focuses on global major leading industry players of Pressure Sensitive Tapes market providing information such as company profiles, product picture and specification, price, capacity, cost, production, revenue, and contact information.Additionally, it discusses effective plans and development strategies, with tables and figures helping analyze the worldwide Pressure Sensitive Tapes market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.The increasing population in the developing countries, which leads to an increase in industrialization and urbanization, is expected to lead to a rise in government spending on infrastructure and construction.
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To improve the product's overall efficacy, magnetic, optical, structural, and catalytic qualities are all adjusted.
Recently published a report entitled Pressure Sensitive Tapes Market projected till 2026, added by Value Market Research, covers key players along with their market share and strategic development adopted by them.
Further, the report provides market size, share, trends, outlook and forecast based on historical data coupled with drivers, restraints, and opportunities.The broad pressure sensitive tapes market has been sub-grouped into backing material product, and application.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
This detail will lead to a focused approach leading to identification of better opportunities.Request a FREE Sample Copy of Pressure Sensitive Tapes Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/pressure-sensitive-tapes-market/download-sampleBy Backing MaterialPolypropylenePaperPVCOthersBy ProductCarton Sealing TapesMasking TapesDouble Sided TapesElectrical TapesOthersBy ApplicationPackagingBuilding & ConstructionElectrical & ElectronicsAutomotiveHealth & HygieneOthersThe report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the pressure sensitive tape market includes 3M Company, ABI Tape Products, Adchem Corporation, Advance Tapes International Limited, Avery Dennison Corporation, Berry Plastics, Intertape Polymer Group, Jonson Tapes Limited, Lintec, Nitto Denko Corporation, Saint-Gobain, Scapa, Shurtape, tesa SE and Zhejiang Yonghe Adhesive Products Company Limited.
