Press release
Global Pressure Sensitive Adhesive Tapes Market: Anticipated Growth, Key Drivers, and Emerging Trends
Pressure Sensitive Adhesive Tapes Market Share
Soaring at a 7.2% CAGR, the Global Pressure Sensitive Adhesive Tapes Market Aims to Hit $75.01 Billion by 2025
What Is The Projected Market Size Of The Global Pressure Sensitive Adhesive Tapes Market And Its Growth Rate?
The global pressure-sensitive adhesive tapes market has shown robust growth in recent years. Following key figures chart this trend:
• The market size grew to $69.98 billion in 2024.
• By 2025, it's anticipated to reach $75.01 billion, marking a 7.2% CAGR.
• A growth acceleration through 2029 is predicted, with the market projected to touch $102.12 billion at an 8.0% CAGR.
This growth can be attributed to increasing industrialization, evolving environmental regulations, automotive industry expansion, demand from emerging markets, and global economic trends. Factors like health and hygiene awareness, urbanization and construction activities, sustainability initiatives, the emergence of electric vehicles and digitalization in manufacturing are expected to drive future growth.
What Is Driving The Growth In The Pressure Sensitive Adhesive Tapes Market?
Key driver of the pressure-sensitive adhesive tapes market is the burgeoning construction sector, which requires these tapes to strengthen foundation membranes, seal argon gas between window panes, and support secure ducting. The tapes' ability to withstand moisture and extreme temperatures makes them a preferred choice in construction activities. The industry's expanding size - for instance, the US construction industry increased from $1.916 trillion in Q1 2021 to $2.016 trillion in Q1 2022, as per the BEA - has led to the proportional demand for pressure-sensitive adhesive tapes, contributing to its global market growth.
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Who Are the Key Players Driving Pressure Sensitive Adhesive Tapes Market Growth?
Significant companies contributing to the pressure sensitive adhesive tapes market include:
- 3M Company
- Avery Dennison Corporation
- Lintec Corporation
- Lohmann GmbH & Co. Kg
- Nichiban Co. Ltd.
- Nitto Denko Corporation
- Scapa Group Plc
- Shurtape Technologies LLC
- Tesa SE
- Ellsworth Adhesives India PTY Limited
- H.B. Fuller Company
- Henkel AG & Co. KGaA
- LG Chem Ltd.
- Arkema Group
- Sika AG
- Achem Technology Corporation
- Yonghe Adhesive Products Co. Ltd.
- Berry Plastics Corporation
- Intertape Polymer Group Inc.
- JinghuaTape Technologies Co. Ltd.
- Luxking Group Co. Ltd.
- Shushi Group Co. Ltd.
- Shanghai Yongguan Adhesive Products Corp. Ltd.
- Camat Corporation
- ATP Adhesive Systems AG
- Applied Plastics
- Dunmore Corporation
- FLEXcon Company Inc.
- Labelink Corporation
What Are The Key Trends In The Pressure Sensitive Adhesive Tapes Market?
The dominant trends in the pressure-sensitive adhesive tape market include:
• Rising demand for sustainable solutions
• Technological advancements
• Expansion of e-commerce and logistics industry
• Customization and personalization of products
• Health and safety concerns
What Are The Segments Of The Global Pressure Sensitive Adhesive Tapes Market?
The global pressure sensitive adhesive tapes market can be segmented by:
• Type: Single-Coated Tapes or Single-Sided Tapes, Double-Coated Tapes, Transfer Tapes or Unsupported Tapes, Self-Wound Tape.
• Resin Type: Acrylic, Rubber, Silicone, Other Resin Types.
• End-Use Industry: Packaging, Electrical, Electronics, Medical and Hygiene, Construction, Transportation, Consumer and Office, Other End-Use Industries
Which Region Leads The Pressure Sensitive Adhesive Tapes Market?
With the highest market share in 2024, the Asia-Pacific region is leading the global pressure-sensitive adhesive tapes market. Other regions covered in the market report are Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Pressure Sensitive Adhesive Tapes Market Global Market Report?
- Market Size Analysis: Analyze the Pressure Sensitive Adhesive Tapes Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Pressure Sensitive Adhesive Tapes Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Pressure Sensitive Adhesive Tapes Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Pressure Sensitive Adhesive Tapes Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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