Pressure Sensitive Tapes Market to Witness a Pronounce Growth Rate 6.1% of CAGR by 2023

Market Research Future published a Half Cooked Research Report on “Global Pressure sensitive tape Market Research Report - Forecast to 2023”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

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 and Zhejiang Yonghe Adhesive Products Company Limited are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global pressure sensitive tape market.

Global Pressure Sensitive Tape Market - Overview

The packaging industry is a growing field in much demand as it becomes easier and easier to ship items around the world. Proper packaging is vital in this field to make sure that item reaches its destination in the same shape it was sent out in. Packaging engineers are always looking for the best ways to meet their packaging challenges, and one option is double-sided pressure sensitive adhesives.

Pressure sensitive tape also known as PSA, self-adhesive, self-stick adhesive. It is a major category of adhesive tapes and is a relatively thin flexible material with single or double sided coating. Single sided tapes are a pressure-sensitive tape consisting of a carrier with adhesive coated only on one side. Single sided tapes use a backing that may be variety materials that are flat, and web-based such as film, paper, foil, fabrics, or foam tape. Whereas, double sided tape - also known as double coated tape or double faced tape, is a pressure sensitive tape (PSA) consisting of film, foam, paper, cloth, or foil carrier, with an acrylic, rubber or silicone adhesive coated on both sides.

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PSA tapes require pressure to adhere to a surface. These tapes can be formulated to form high strength bonds when used in medical equipment or to join different dressing and drape substrates together, or to provide gentle adhesion when used in a stick-to-skin application. PSA tapes can be acrylics, silicones, or styrene block co-polymers.

Pressure sensitive adhesives (PSA) tapes are used in many different applications and continue to grow as a solution to fastening and joining due to advances in adhesive technology, ease of use, and its low cost compared to traditional fastening systems.

Pressure sensitive tape is a fast and convenient means affixing in position, either permanently or temporarily. The various types of backing material such as plastic films, cloth fabrics, paper and others used to form such tapes. Pressure sensitive tapes are seeing increasing use throughout all industries, including transportation, construction, medical, appliance applications. It has advantages over traditional methods of mechanical and chemical bonding, cost-effective nature, durable, and easy to install are some of the factors helps to grow the market towards growth.

According to a recent study report published by the Market Research Future, The global market of Pressure sensitive tape is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a striking growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2023).

Pressure sensitive tape Market - Competitive Analysis

Pressure sensitive tape market appears to be competitive with the presence of several large and small players operating in the Pressure sensitive tape market. These Key players compete based upon pricing, quality, Technology and reputation. Pressure sensitive tape market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further. Manufacturers operating in the Pressure sensitive tape market strive to respond to the growing demand for Pressure sensitive tape. Moreover, manufacturers mainly ensure to deliver the best quality products based on innovative technologies, and best practices.

Industry/News:

In June 2017, Avery Dennison has acquired Yongle Tape Company Ltd. To manufacture specialty tapes and related products in a variety of industrial markets.

In September 2017, Avery Dennison has expanded its Kunshan Plant to meet the demand from pressure sensitive tapes.

In November 2016, 3M has introduce Scotch Clean Removal Strapping Tape 8899HP in order to diversify the product portfolio.

Pressure sensitive tape Market - Segments:

Global Pressure sensitive tape Market is segmented in to 3 Key dynamics for an easy grasp and enhanced understanding.

Segmentation by Backing Material: Paper, PVC, Polypropylene, and others
Segmentation by Product: Masking, Carton Sealing, Electrical, Double-sided, and others
Segmentation by Application: Healthcare, Packaging, Construction, Manufacturing, and others

Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

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Pressure sensitive tape Market - Regional Analysis

APAC is expected to dominate the global pressure sensitive tapes market with its fastest growing market worldwide. In recent years, the demand for pressure sensitive taps have been declined due to low production and decline in the construction activities. However in U.S. and Europe, the tap market is expected to grow due to the increase in demand for paints and coating which uses masking tapes. Although pressure sensitive taps are used in almost every region, Asia Pacific region is expected to dominate due to greater share from the manufacturing industry. The increase in demand of pressure sensitive taps for application such as food & beverage, construction, automotive, and others have also dominated the pressure sensitive taps industry in future.

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