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Pressure Sensitive Adhesive Tapes Market Size Forecast: $99.23 Billion by 2029 | Global Outlook
Pressure Sensitive Adhesive Tapes Market
What Is the Projected Market Size Valuation of the Pressure Sensitive Adhesive Tapes Market by 2025?
In recent years, the market size of pressure sensitive adhesive tapes has expanded dramatically. It's predicted to rise from $69.98 billion in 2024 to $74.01 billion in 2025, with a compound annual growth rate (CAGR) of 5.7%. The growth experienced in the historical period can be associated with factors such as the rise in industrialization, environmental laws, growth in the automotive industry, demand from emerging markets, and global economic trends.
What Is the Estimated Market Growth Value for the Pressure Sensitive Adhesive Tapes Industry in 2029?
Expectations are high for the pressure sensitive adhesive tapes market to experience solid growth in the near future, expanding to a size of $99.23 billion by 2029 with a 7.6% compound annual growth rate (CAGR). The anticipated growth within this forecast period can be credited to various factors, such as heightened awareness about health and hygiene, increased urbanization and construction works, sustainability actions, the trend of electric vehicles (EVs), and digital transformation in manufacturing. During the forecast period, significant trends include the escalating demand for sustainable practices, technological advancements, growth of e-commerce and logistics industry, customization and personalization needs, and mounting health and safety concerns.
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What Are the Growth Drivers and Opportunities in the Pressure Sensitive Adhesive Tapes Market?
The growing construction industry is playing a major role in propelling the expansion of the pressure sensitive adhesive tapes market. The field encompasses businesses and manufacturing operations involved in the creation, maintenance, and repair of infrastructure. As part of construction, pressure sensitive adhesive tapes serve several purposes including reinforcing foundation membranes to prevent water infiltration, sealing argon gas within window panes, and aiding in the installation and reinforcement of ductwork. These adhesive tapes have the ability to resist moisture and extreme temperatures, making them ideal for use on rooftops as a barrier against weather elements. A 2022 study by the Bureau of Economic Analysis (BEA), a US governmental body, revealed that the US construction industry's value saw a rise from $1.916 trillion in early 2021 to $2.016 trillion in the first three months of 2022. This surge in the construction industry is expected to continue fueling the demand for pressure sensitive adhesive tapes.
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What Are the Primary Segments Covered in the Global Pressure Sensitive Adhesive Tapes Market Report?
The pressure sensitive adhesive tapes market covered in this report 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
Subsegments:
1) By Single-Coated Tapes (Single-Sided Tapes): Acrylic Single-Coated Tapes, Rubber Single-Coated Tapes
2) By Double-Coated Tapes: Double-Sided Foam Tapes, Double-Sided Film Tapes
3) By Transfer Tapes (Unsupported Tapes): Clear Transfer Tapes, Double-Sided Transfer Tapes
4) By Self-Wound Tape: Self-Wound Adhesive Tapes, Self-Wound Specialty Tapes
What Are the Top Growth Trends in the Pressure Sensitive Adhesive Tapes Market?
Product innovation is becoming an increasingly prevalent trend within the pressure-sensitive adhesive tape sector. Leading companies in this market are emphasizing the creation of innovative items in order to retain their market dominance. For example, in November 2022, Avery Dennison, an American company specializing in pressure-sensitive adhesive materials, introduced a fresh range of pressure-sensitive tapes catered toward the building and interior design industry. This new Avery Dennison Interior Surfaces collection includes nine unique designs of pressure-sensitive tape, each utilizing diverse adhesive technologies to stick to commercial and residential interior surfaces. The components used in the Interior Surfaces collection simplify usage, delivery flexibility, and offer durability and consumer safety to address the significant problems that manufacturers, architects, designers, vendors, and those undertaking DIY projects in the building and construction industry experience.
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Which Companies Are Shaping the Future of the Pressure Sensitive Adhesive Tapes Market?
Major companies operating in 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
Which Region Holds the Largest Market Share in the Pressure Sensitive Adhesive Tapes Industry?
Asia-Pacific was the largest region in the pressure sensitive adhesive tapes market in 2024. The regions covered in the pressure sensitive adhesive tapes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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