As per this study the Global Pressure Sensitive Tapes Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%.
Pressure sensitive tapes are also known as PSA tape, adhesive tape, self-stick tape, and sticky tape. These are a continuous flexible strip of paper, cloth, metal or plastic and coated with permanently tacky adhesives on one or both the sides. Sealing tapes, masking tapes, double sided tapes, and specialty tapes are some of the types of pressure sensitive tapes.
The rising demand for tapes in the burgeoning building & construction industry owing to increase investments on construction across the globe is driving the market growth. Additionally, increasing demand from electrical and electronic coupled with the growing packaging industry is further accelerating market growth. On the other hand, the availability of substitutes such as adhesives and sealants and plastic fasteners may restrict 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. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of pressure sensitive tapes.
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.
By Backing Material
- Carton Sealing Tapes
- Masking Tapes
- Double Sided Tapes
- Electrical Tapes
- Building & Construction
- Electrical & Electronics
- Health & Hygiene
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for pressure sensitive tapes in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Pressure Sensitive Tapes Market Share by Region (Representative Graph)
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.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.