Adroit Market Research launched a report on the, “Global Pressure Sensitive Tape Market Size 2017 By Backing Substrate (Paper, Polypropylene, Polyvinyl Chloride, Others), By Product (Masking Tapes, Carton Sealing Tapes, Electrical Tape, Double Sided Tapes, and Others), By Application (Infrastructure & Construction, Automotive, Packaging, Electrical & Electronics, Healthcare & Medical, Others), By Region and Forecast 2018 to 2025”. The study covers the global pressure sensitive tapes market value and volume for a period ranging from 2015 to 2025. Drivers, restraint, and opportunities have been covered in the study.
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The global pressure sensitive tape market size is estimated to reach USD 83.85 billion by 2025. Growing application in automotive, building & construction, electrical & electronic, and medical industry is expected to propel the demand for pressure sensitive tapes over the projected period. Rising health concerns coupled with increased healthcare spending around the world is expected to augment the consumption of surgical tapes, athletic tapes, and medical equipment tapes over the projected period.
Expanding international trade, a strong global economy, and technological advancement in packaging solutions has increased market penetration of carton sealing tapes over the past few years. In 2017, carton sealing tapes accounted for more than 60% of the global pressure sensitive tape market share. Rising production of electronic & telecommunication equipment has increased market expansion of double-sided tapes over the past few years.
Huge investment to strengthen manufacturing industry and untapped market in the Middle East & African countries such as Israel, South Africa, Saudi Arabia, and Turkey is expected to provide a potential opportunity for manufacturers to expand their production facilities. Increased building & construction expenditure in Turkey by virtue of incentives offered by the government, housing loan campaigns, and regulations in value-added tax rates is projected to increase demand for masking tapes over the coming years.
North America accounted for more than 20% of overall market share in 2017. North America and Europe are expected to be a mature market for pressure sensitive tapes industry over the coming years. However, increased manufacturing output and growing consumer electronics industry in U.S., Germany, UK, and Italy is expected to increase sales volume of carton sealing tapes over the coming years.
3M, LINTEC Corporation, NICHIBAN Co., Ltd., Nitto Denko Corporation, Intertape Polymer Group, Avery Dennison Corporation, tesa SE, Shurtape Technologies, Lohmann GmbH & Co. KG and Advance Tapes International are the leading players present within the global pressure sensitive tapes market. Global pressure sensitive tape industry is consolidated in North America. However, it is fragmented in Asia Pacific and Middle East & Africa by virtue of a large number of manufacturers are present in these regions.
Manufacturers are adopting M&A strategies in order to expand their global presence and stay competitive in the industry. For instance, in August 2018, Intertape Polymer Group, manufacturer and distributor of film and paper-based pressure sensitive tapes acquired Polyair Inter Pack, a Canada based manufacturer engaged in integrated packaging systems.
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Key segments of the global pressure sensitive tapes market
Backing Material Overview, 2015-2025 (Million Square Meter) (USD Million)
- Polypropylene
- Paper
- Polyvinyl Chloride
- Others
Product Overview, 2015-2025 (Million Square Meter) (USD Million)
- Carton Sealing Tapes
- Masking Tapes
- Double Sided Tapes
- Electrical Tape
- Others
Application Overview, 2015-2025 (Million Square Meter) (USD Million)
- Infrastructure & Construction
- Automotive
- Packaging
- Electrical & Electronics
- Healthcare & Medical
- Others
Regional Overview, 2015-2025 (Million Square Meter) (USD Million)
- North America
- U.S.
- Europe
- Germany
- Asia-Pacific
- China
- India
- Japan
- Middle East & Africa
- Latin America
- Brazil
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Global Pressure Sensitive Tape Market is anticipated to reach USD 69.26 billion over the forthcoming period.
Pressure sensitive tapes are also known as “PSA Tape”, or “Adhesive Tape”.
Pressure sensitive tape is an adhesive tape that could be stuck with application of pressure, without the solvent (such as heat or water) for initiation.
It is mainly used in the institutions, industry, office, home for several purposes.The factors that propel the growth of the Pressure Sensitive Tape industry include increasing demand for Box/sealing, extensively used for packaging, labelling, sealing, electric insulation, general-purpose, and stationery applications.
On the other hand, there are factors that may hamper the growth of the market including severer rules concerning solid waste disposable.
Pressure Sensitive Tape Market is anticipated to grow at a significant CAGR of 6.1% in the upcoming period as the scope, product types, and its applications are increasing across the globe.Download Sample Report @ https://www.millioninsights.com/industry-reports/pressure-sensitive-tape-market/request-samplePressure Sensitive Tape industry may be explored by backing material type, product type, application and geography.
Global Pressure Sensitive Tape Market Size 2017 By Backing Substrate (Paper, Polypropylene, Polyvinyl Chloride, Others), By Product (Masking Tapes, Carton Sealing Tapes, Electrical Tape, Double Sided Tapes, and Others), By Application (Infrastructure & Construction, Automotive, Packaging, Electrical & Electronics, Healthcare & Medical, Others), By Region and Forecast 2018 to 2025.
The global market size is estimated to reach USD 83.85 billion by 2025.Growing application in automotive, building & construction, electrical & electronic, and medical industry is expected to propel the demand for pressure sensitive tapes over the projected period.
Rising health concerns coupled with increased healthcare spending around the world is expected to augment the consumption of surgical tapes, athletic tapes, and medical equipment tapes over the projected period.Request Sample Copy of This Research Report: https://adroitmarketresearch.com/contacts/request-sample/697Pressure Sensitive Tape Market: Key Players are 3M, Avery Dennison, Nitto Denko, Lohmann GmbH, Nichiban, Lintec, Intertape Polymer, Shurtape, tesa, and Advance Tapes International.Global presence and stay competitive in the industry Manufacturers are adopting M strategies in order to expand their.
For instance, in August 2018, Intertape Polymer Group, manufacturer and distributor of film and paper-based pressure sensitive tapes acquired Polyair Inter Pack, a Canada based manufacturer engaged in integrated packaging systems.The Global Pressure Sensitive Tape Market size for automotive application accounted for more than 6% of overall market volume and revenue share in 2017.
Growing adoption in roof molding, side fenders, rear spoilers, plate panels, outer belt moldings, side mirrors, rocker panel, bumper side moldings, and emblem & nameplates is expected to increase the utilization of double-sided tapes in automotive applications over the projected period.Get more details about Pressure Sensitive Tape Market:https://www.adroitmarketresearch.com/industry-reports/pressure-sensitive-tape-marketReasons for the study:The study assesses the dynamics and movement of the global pressure sensitive tapes market across various geographiesWhile studying the global pressure sensitive tapes market, we observed that the demand for pressure sensitive tapes in construction, automotive, and medical industry is expected to be tremendous in developing countriesWell-established pressure sensitive tapes manufacturers are operating across the globe.
The companies, as a strategic step planning to enter untapped market in the coming yearsWho should you buy this report?The global pressure sensitive tapes market study meets the needs for various parties including government and non-government associations, consultants , analysts, researchers and academiciansThe report is also suitable for companies that are currently operating in the market as well as those looking to integrate their operations from either raw material manufacturing or downstream products.Moreover, the study can also help new entrants take informed decisions about venturing into the market.
Global Pressure Sensitive Tape Market is anticipated to reach USD 69.26 billion over the forthcoming period.
Pressure sensitive tapes are also known as “PSA Tape”, or “Adhesive Tape”.
Pressure sensitive tape is an adhesive tape that could be stuck with application of pressure, without the solvent (such as heat or water) for initiation.
It is mainly used in the institutions, industry, office, home for several purposes.The factors that propel the growth of the Pressure Sensitive Tape industry include increasing demand for Box/sealing, extensively used for packaging, labelling, sealing, electric insulation, general-purpose, and stationery applications.
On the other hand, there are factors that may hamper the growth of the market including severer rules concerning solid waste disposable.
Pressure Sensitive Tape Market is anticipated to grow at a significant CAGR of 6.1% in the upcoming period as the scope, product types, and its applications are increasing across the globe.Pressure Sensitive Tape industry may be explored by backing material type, product type, application and geography.
May 6, 2020 — Global Pressure Sensitive Tape Market is anticipated to reach USD 69.26 billion over the forthcoming period.
It is mainly used in the institutions, industry, office, home for several purposes.
On the other hand, there are factors that may hamper the growth of the market including severer rules concerning solid waste disposable.
Pressure Sensitive Tape Market is anticipated to grow at a significant CAGR of 6.1% in the upcoming period as the scope, product types, and its applications are increasing across the globe.
The market may be explored by backing material type as PVC, Polypropylene, Paper, and Others.
The “Polypropylene” segment led the Pressure Sensitive Tapes Market in 2016 and is anticipated to maintain its dominance by 2022 due to cost effectiveness, high-tear resistance in mid-direction & cross-direction, and well stability skill.
