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Pressure Sensitive Adhesive Tapes Market Report 2023-2032: Market Size, Share Analysis, Trends And Forecast | Pressure Sensitive Adhesive Tapes
Pressure Sensitive Adhesive Tapes Market
The Business Research Company's Pressure Sensitive Adhesive Tapes Global Market Report 2023 identifies rising construction sector as the major driver for the Pressure Sensitive Adhesive Tapes market's growth in the forecast period. The construction sector refers to the area of business and manufacturing that is concerned with building, preserving, and fixing infrastructure.
The global pressure sensitive adhesive tapes market size is expected to grow from $61.47 billion in 2022 to $66.02 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global pressure sensitive adhesive tapes market size is expected to reach $85.39 billion in 2027 at a CAGR of 6.6%.
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Major competitors in the Pressure Sensitive Adhesive Tapes market are 3M Company, Avery Dennison Corporation, Lintec Corporation, Lohmann GmbH & Co. Kg, Nichiban Co. Ltd.
A key trend in the Pressure Sensitive Adhesive Tapes market includes Product innovation. Major players operating in the pressure sensitive adhesives market are focusing on developing innovative products to sustain their market position. For instance, in November 2022, Avery Dennison, a US-based manufacturer of pressure-sensitive adhesive materials, launched a new portfolio of pressure-sensitive tapes for the interior building and construction segment. The Avery Dennison Interior Surfaces portfolio includes nine pressure-sensitive tape designs with various adhesive technologies for adhering products to commercial and residential interior surfaces. The Interior Surfaces portfolio uses bonding elements that offer simplicity of use, application flexibility, durability, and consumer safety to confront major challenges faced by manufacturers, architects, designers, suppliers, and DIY customers of interior products in the building and construction industry.
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The Pressure Sensitive Adhesive Tapes market is segmented -
1. By Type: Single-Coated Tapes Or Single-Sided Tapes, Double-Coated Tapes, Transfer Tapes Or Unsupported Tapes, Self-Wound Tape
2. By Resin Type: Acrylic, Rubber, Silicone, Other Resin Types
3. By End-Use Industry: Packaging, Electrical And Electronics, Medical And Hygiene, Construction, Transportation, Consumer And Office, Other End-Use Industries
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Pressure Sensitive Adhesive Tapes market.
The Business Research Company's "Global Pressure Sensitive Adhesive Tapes Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Pressure Sensitive Adhesive Tapes Market Include:
1. Executive Summary
2. Pressure Sensitive Adhesive Tapes Market Characteristics
3. Pressure Sensitive Adhesive Tapes Market Trends And Strategies
4. Pressure Sensitive Adhesive Tapes Market - Macro Economic Scenario
5. Pressure Sensitive Adhesive Tapes Market Size And Growth
……
26. Africa Pressure Sensitive Adhesive Tapes Market
27. Pressure Sensitive Adhesive Tapes Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Pressure Sensitive Adhesive Tapes Market
29. Pressure Sensitive Adhesive Tapes Market Future Outlook and Potential Analysis
30. Appendix
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