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Pressure Sensitive Tape Market is Expected to Show Noteworthy Growth by 2024 | Hexa Research

Author: Jitendra Magar
by Jitendra Magar
Posted: May 05, 2019

02 May 2019, The global pressure sensitive tape market is expected to grow at a CAGR of over 6% and reach close to 69 billion during the forecast period (2016 to 2024). Increasing demand in the packaging of the corrugated box packaging of food & beverages is likely to boost market growth in the coming years.

These tapes are vastly use in the construction of tunnels, bridges, roofing, cladding, glazing, water supply, and air conditioning can promote the growth and expansion of the industry.

Use of biodegradable material for the manufacturing of these pressure sensitive tapes can fuel market growth during the forecast period. Moreover, superior features like easy handling and processing is likely to stimulate industrial development.

Development of newer specialty electrically conductive adhesive tapes for telecommunications equipment can exhibit immense potential in the coming seven years. The pressure sensitive tape market is divided into applications, backing material, product, and geographies.

Browse Details of Report @ https://www.hexaresearch.com/research-report/pressure-sensitive-tapes-market

On the basis of applications, the market is split into automotive, building & construction, electrical & electronics, health & hygiene, packaging, and others. Packaging held the largest segment in 2015. It is expected to continue an upward trend, owing to its low carbon footprint and biodegradability.

Backing material comprise of polypropylene, paper, PVC, and others. Polypropylene can witness rapid growth at over 6% CAGR till 2024. The growth can be attributed to his cost efficiency, high-tear resistance in mid-direction & cross-direction, and well balance technology. PVC is likely to show a considerable growth due to its eco-friendly properties.

Products encompass carton sealing tape, double-sided tape, electrical tape, masking tape, and others. Cartons sealing tape held over 60% of global volume share in 2014. The growth can be attributed to the recyclability and reusability. Double sided tape is likely to exhibit a growth till 2024.

North America, Latin America, Europe, the Middle East & Africa (MEA), and Asia Pacific, are the geographical segmentations of the pressure sensitive tape industry. Asia Pacific market dominated the global demand with over USD 21 billion in 2015. It is likely to continue dominating the market owing to the growing demand for food & beverages sector in.

Key global players of the pressure sensitive tape market are 3M, Lintec and Nitto Denko Corporation, ABI Tape Products, and Jonson Tapes Limited. A double-sided high performance acrylic tape was introduced by Saint-Gobain was launched early 2014.

Table of Contents

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

1.3. List of Data Sources

Chapter 2. Executive Summary

2.1. Pressure Sensitive Tape Market - Industry summary and key buying criteria

Chapter 3. Pressure sensitive tapes Industry Outlook

3.1. Pressure Sensitive Tape Market segmentation

3.2. Pressure Sensitive Tape Market size and growth prospects, 2016 - 2024

3.3. Pressure Sensitive Tape Market value chain analysis

3.3.1. Vendor landscape

3.4. Raw material outlook

3.5. Technology overview

3.6. Regulatory framework

3.7. Pressure Sensitive Tape Market dynamics

3.7.1. Market driver analysis

3.7.1.1. Growing demand for corrugated box packaging

3.7.1.2. Growing construction sector

3.7.1.3. Growing automotive sector in Asia Pacific

3.7.2. Market restraint analysis

Continue.............

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/plastics-polymers-and-resins-industry

About the Author

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe.

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Author: Jitendra Magar

Jitendra Magar

Member since: Jan 10, 2018
Published articles: 109

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