Press release
Pressure Sensitive Tapes Market To Score Phenomenally By 2023 At 6.1 % of CAGR | Key Players : Avery Dennison Corporation, 3M Company, Berry Plastics Corporation, American Biltrite Inc., Jonson Tapes Limited
Pressure sensitive tapes are broadly used for packaging, sealing, labelling, stationery, and other general purpose applications. This kind of tapes are based on several pressure sensitive adhesives where adhesive is applied on one side or on both sides. Hence, this can be easily put on any surface by applying slight mechanical or manual pressure. The demand for pressure sensitive tapes is growing rapidly and is projected to grow at the same pace over the forecast period owing to growing demand from the automotive industry. These tapes are used in automotive industry for joining interior parts, roof, and glass bonding. The global pressure sensitive tapes market is estimated to grow at a CAGR of 6.1% during the estimated period, 2017-2023.Global Pressure Sensitive Tapes Market Information by Backing Material (Paper, PVC, Polypropylene, and others) by Product (Masking, Carton Sealing, Electrical, Double-sided, and others) by Application (Healthcare, Packaging, Construction, Manufacturing, and others) and Region - Forecast to 2022
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Latest Industry News:
Sep 2017 - ‘Intertape Polymer Group Inc.’ is spending millions of dollars to expand a facility near Danville, Va.; a project that will create more than a dozen jobs. The company, with corporate offices in Montreal and Sarasota, Fla.; already has 300 employees in Pittsylvania County. The new $7 million project is expected to add 15 jobs. Its latest operation involves spending worth $25 million in recent upgrades and expansion at the location.
Oct 2017 - ‘Bron Aerotech,’ an aerospace specialty materials supplier has been collaborating with Northrop Grumman Corporation's F/A-18 program leaders for providing innovative solutions to support F/A-18 affordability. Their 40 year old partnership in producing pressure sensitive tapes & cutting edge innovations has driven both affordability and production.
June 2017 - ‘Intertape Polymer Group Inc.’ announced the acquirement of major stakes in Capstone Polyweave Private Limited, a newly-formed Indian enterprise. The Indian company is expected to contribute to greenfield investments from Capstone. Intertape Polymer Group is a recognized leader in the development, manufacture, and sales of different paper and film based pressure-sensitive and water-activated tapes.
Leading Players :
• Avery Dennison Corporation
• 3M Company
• Berry Plastics Corporation
• American Biltrite Inc.
• Jonson Tapes Limited
• Adchem Corporation.
• Nitto Denko Corporation
• Intertape Polymer Group
• Advance Tapes International Limited
• Tesa SE
• LINTEC Corporation
• Scapa Group
• Shurtape Technologies LLC
• Zhejiang Yonghe Adhesive Products Company Limited
Pressure Sensitive Tapes Market- Competitive Analysis
With the entry of industry players in pressure sensitive tapes segment, a trend of solid, volume-driven growth has been observed in the market with the development of different varieties of product types. With companies aiming to capture a considerable share of the market segment as early as possible, they are competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.
The key players of global pressure sensitive tapes market report include Avery Dennison Corporation, 3M Company, Berry Plastics Corporation, American Biltrite Inc., Jonson Tapes Limited, Adchem Corporation, Nitto Denko Corporation. Some of the other important players in the market are Intertape Polymer Group, Advance Tapes International Limited, Tesa SE, LINTEC Corporation, Scapa Group, Shurtape Technologies, LLC and Zhejiang Yonghe Adhesive Products Company Limited.
Pressure Sensitive Tapes Market– Segments
The pressure sensitive tapes market has been divided on the basis of backing materials, products, application and region.
On The Basis Of Backing Material: Paper, PVC, Polypropylene, and others
On The Basis Of Product: Masking, Carton Sealing, Electrical, Double-sided, and others
On The Basis Of Application: Healthcare, Packaging, Construction, Manufacturing, and others
On The Basis Of Region: North America, Europe, Asia Pacific and ROW.
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Pressure Sensitive Tapes Market- Regional Analysis
The global pressure sensitive tapes market is segmented into North America, Europe, APAC, and Rest of the World (RoW). APAC dominates the global pressure sensitive tapes market with its fastest growing market worldwide. It will expand at a stellar CAGR over the forecast period. The region is expected to show rapid growth in healthcare and construction sectors leading to a fast growing pressure sensitive tapes market. The increased government initiatives to improve medical & healthcare sector further fuels this market.
However, North America holds an impressive market share of pressure sensitive market and is expected to grow rapidly by 2022. It is followed by Europe which is also expected to grow at an encouraging CAGR respectively from 2016 to 2022.
The report for Global Pressure Sensitive Tapes Market of Market Research Future comprises extensive primary research findings along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain deeper insight into the market and industry performance. The report gives a clear picture of current market scenario, which includes historical and projected market size in terms of value, technological advancement, macroeconomic and governing factors in the market. The report provides detailed information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
TABLE OF CONTENT :
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
Continue..
List Of Tables :
Table 1 Global Pressure Sensitive Adhesives Market: By Region, 2017-2023
Table 2 North America Pressure Sensitive Adhesives Market: By Country, 2017-2023
Table 3 Europe Pressure Sensitive Adhesives Market: By Country, 2017-2023
Table 4 Asia-Pacific Pressure Sensitive Adhesives Market: By Country, 2017-2023
Table 5 RoW Pressure Sensitive Adhesives Market: By Country, 2017-2023
Table 6 Global Pressure Sensitive Adhesives Market By Backing Material , By Regions, 2017-2023
Continue..
List of Figure
Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Continue..
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for , regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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