The Global Market for Pressure Sensitive Tapes is Projected to Exceed 50 Billion Square Meters by 2022

Surging Demand for Specialty Tapes from Various End-Use Industries Drives the Global Pressure Sensitive Tapes Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Pressure Sensitive Tapes market. The global market for Pressure Sensitive Tapes is projected to exceed 50 billion square meters by 2022, driven by surging demand for specialty tapes from major end-use industries including construction, electrical and electronics, and motor vehicle manufacturing.

Pressure sensitive tapes or PSA tapes are self-adhesive products that possess numerous properties, and material characteristics. The often unassuming and unnoticed tapes have widespread application in everyday lives ranging from simple use of commodity tapes such as masking, consumer and commercial tapes in packaging and industrial applications to complicated application of specialty tapes in component joining in vehicle production and the assembly of various electrical and electronic products. Surging demand from the packaging industry for box/carton sealing tapes and from the construction, automotive, and the medical sectors for specialty tapes represent the primary factor driving growth in the global pressure sensitive tapes market. Expanding applications of pressure sensitive tapes and development of high performance adhesives with improved bonding and joining capabilities leaving minimum or no residue represent another important growth driver. Water-based pressure sensitive adhesives (PSAs) are effectively overshadowing the conventional use of solvent-borne PSAs supported by advancements in functional performance such as enhanced resistance to humidity, heat, and blushing, in addition to being cost effective and environmentally friendly.

Future growth in the market will be driven by production flexibility, personalized products, specialization, and rising demand for advanced backings including medical membranes and film materials. PSAs with active ingredients like vitamins, medicines and nicotine are likely to make their mark in emerging medical applications. Increasing production and demand in the Asia-Pacific region for large-volume and low cost commodity tapes such as masking tapes, packaging tapes, and consumer and commercial tapes due to lower production costs, easy raw material availability, and steadily improving quality and newer applications such as instant advertising, security protection and temperature indicating labels are also likely to contribute to market expansion in the coming years. Although production of specialty tapes used in the electronic and electrical manufacturing, medical, automotive, and other industries continues to be dominated by European countries, demand will emanate from Asia owing to increasing production of electronic goods and medical devices and supplies in the region.

As stated by the new market research report on Pressure Sensitive Tapes, Asia-Pacific represents the largest market worldwide in both volume and value terms. Robust pace of industrialization, rising infrastructure development, steady GDP growth, and rapidly growing electronics, construction and automotive industries represent key growth drivers in the region. The region also represents the fastest growing market with a volume CAGR of 6.2% over the analysis period. Box sealing tapes represents the largest product category worldwide, while specialty tapes represent the fastest growing category with a volume CAGR of 5.9% over the analysis period. Backing material-wise, Polypropylene represents the largest segment worldwide.

Key players covered in the report include 3M Company, Adhesives Research, Inc., Ahlstrom Corporation, Avery Dennison Corp., Berry Plastics Corporation, Boston Tapes, CC Tapes, Four Pillars Enterprise Co., Ltd., H.B. Fuller, Henkel AG & Co. KGaA, Intertape Polymer Group Inc., Jonson Tapes Limited, LINTEC Corporation, Luxking Group Holdings Limited, Nitto Denko Corporation, Saint-Gobain Performance Plastics, Scapa Group, Plc., Sekisui Chemicals Co., Ltd., Shurtape Technologies, LLC, Stokvis Tapes BV, tesa SE, Achem Technology Corporation, and Zhejiang Yonghe Adhesive Products Co., Ltd., among others.

The research report titled “Pressure Sensitive Tapes: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major market participants. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Middle East & Africa, and Latin America (Brazil, and Rest of Latin America). Product segments analyzed in the report include Box Sealing Tapes, Masking Tapes, Double Sided Tapes, and Specialty Tapes. Major backing materials analyzed for the global and major regional markets include Paper, Polypropylene, and Others.

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