A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Pressure
Sensitive Tape Market.
The study, titled “Pressure
Sensitive Tape Market - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2016 - 2026”,
is available for sale on the firm’s website.
Global
Pressure Sensitive Tape Market: Overview
Pressure
sensitive tapes are used across myriad applications with new
applications being discovered almost daily. The use of pressure
sensitive tapes is expected to rise as a joining and fastening
solution with advancement in adhesive technology, low cost in
comparison to traditional fastening systems, and ease of use.
Pressure
sensitive tape is an adhesive substance that sticks to a given
surface on application of light pressure. It is used across various
applications in offices, homes, restaurants, institutions, and
industries. The major constituents that are used in the manufacture
of pressure sensitive tapes are adhesive, filler, resin, and other
additives that are combined with organic solvents or water.
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The
global pressure sensitive tape market can be segmented with respect
to backing material, application, product, and geography.
The
report on the global pressure sensitive tape market is an interesting
read due to its several offerings. The report presents projections of
the various segments and sub-segments based on current and past
performance. Using standard analytical tools, the report also
presents a market attractiveness analysis over the forecast period.
Global
Pressure Sensitive Tape Market: Trends and Opportunities
Increasing
awareness about the utilization of environment friendly packaging in
order to abide by governmental regulations are the major factors
contributing to the growth of pressure sensitive tape market.
In
2015, the packaging industry led the application segment of pressure
sensitive tape market and is expected to retain its dominant position
over the forecast period. Building and construction is the
second-largest application segment of the pressure sensitive tape
market. The automotive industry is expected to emerge as a
significant application segment of the pressure sensitive tape market
in the coming years.
In
terms of backing material, the pressure sensitive tape market is
divided into paper, PVC, polypropylene, and others. On the basis of
product, the segments of the market are single-sided tape, transfer
tape, double-sided tape, carton sealing tape, and others (includes
masking tape, electrical tape etc.) Amongst these, carton sealing is
the leading product segment and is expected to display growth over
the forecast period.
Global
Pressure Sensitive Tape Market: Regional Outlook
In
terms of geography, Asia Pacific is the leading regional market for
pressure sensitive tapes and it is expected to retain its dominant
position until the end of the forecast period in 2024. In this
region, increasing building and construction undertakings
predominantly in China, India, and Malaysia and growth of the
automotive industry are the major factors propelling the demand for
pressure sensitive tapes.
The
region is trailed by the Middle East and Africa, which is expected to
emerge as a significant market for pressure sensitive tapes. Robust
growth of the tourism and hospitality industries in the region
leading to new construction undertakings has fuelled the demand for
pressure sensitive tapes.
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North
America and Europe are expected to display a moderate demand for
pressure sensitive tapes. In U.S., the expansion of the food and
beverage sector is indirectly benefitting the pressure sensitive
tapes market for corrugated packaging.
Global
Pressure Sensitive Tape Market: Competitive Landscape
The
global pressure sensitive tape market features a highly fragmented
competitive landscape with the presence of a large number of global
and regional players. Some of the key players in the global pressure
sensitive market are Nitto Denko Corporation, Lintec, Avery Dennison
Corporation, Henkel AG & Company KGaA, 3M, Adchem Corporation,
and Canadian Technical Tape Limited among others.
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