MARKET OVERVIEW
Pressure sensitive tapes are adhesive tapes that adhere to surfaces upon application of light pressure without the need for heat or solvents. They are constructed from a pressure-sensitive adhesive coating that is applied to a backing material such as paper, plastic film, or fabric. These tapes are versatile, easy to use, and cost-effective, and thus, used in various industries like packaging, construction, automotive, and medical. They are available in various types, such as single-sided, double-sided, and transfer tapes, in various widths and lengths and with different adhesive strengths and temperature resistances. The pressure sensitive tapes market is driven by increasing demand in various industries, growing use in electronics and automotive, advancements in technology, rising urbanization and infrastructure development, and the growing e-commerce industry.Â
MARKET DYNAMICS
The pressure sensitive tapes market is anticipated to grow in the forecast period on account of growing demands from the packaging industry owing to their growing usage in cardboard and container sealing. Moreover, the easy applicability of PSA tapes over other substitutes such as adhesives and sealants in some end-use segments further boosts the pressure sensitive tapes market growth. However, fluctuations in the raw material prices because of changes in the price of crude oil negatively impact the pressure sensitive tapes market growth. On the other hand, the pressure sensitive tapes market is likely to showcase growth opportunities with the emergence of silicone-based adhesives.
MARKET SCOPE
The "Global Pressure Sensitive Tapes Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on global market trend analysis. The report aims to provide an overview of pressure sensitive tapes market with detailed market segmentation by product, backing material, end user and geography. The global pressure sensitive tapes market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading pressure sensitive tapes market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global pressure sensitive tapes market is segmented based on product, backing material and end user. Based on product, the market is segmented as carton sealing tapes, masking tapes, double-sided tape, and specialty tape. Based on the backing material the market is segmented as polypropylene (PP), paper, polyvinyl chloride (PVC) and others. The market based on the end user is classified as food & beverage, building & construction, electrical & electronics, automotive, healthcare and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global pressure sensitive tapes market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The pressure sensitive tapes market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting pressure sensitive tapes market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the pressure sensitive tapes market in these regions.
MARKET PLAYERS
The reports cover key developments in the pressure sensitive tapes market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market payers from pressure sensitive tapes market are anticipated to have lucrative growth opportunities in the future with the rising demand for pressure sensitive tapes in the global market. Below mentioned is the list of few companies engaged in the pressure sensitive tapes market.
The report also includes the profiles of key pressure sensitive tapes companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information for the last three years, key developments in the past five years.
- 3M Company
- Advance Tapes International Limited
- H.B. Fuller Company
- LINTEC Corporation
- Lohmann Technologies (UK) Ltd
- Nichiban Co., Ltd.
- Nitto Denko Corporation
- Scapa Group plc
- Tesa SE
- Vibac Group S.p.a.