Pressure sensitive tapes Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Analyst Perspective 

The global pressure-sensitive tapes market is expected to register a CAGR of 4.9%. Pressure-sensitive tapes find significant demand in various industries such as electronics, automotive, packaging, and healthcare, contributing to the growth momentum of the pressure-sensitive tapes market. Growing demand for bio-based pressure-sensitive tapes is estimated to provide growth opportunities to market players. The raw materials that are used for manufacturing pressure-sensitive tapes are petrochemicals. Fluctuations in raw material prices are restraining factors for the pressure-sensitive tapes market.

Market Overview

Pressure-sensitive tapes are adhesive tapes on one or both sides to join two overlapping materials. Pressure-sensitive tapes are of different types, including acrylic, rubber, and silicone. Pressure-sensitive tapes are easy to use, cost-effective, and used in various industries like construction, packaging, and automotive. The pressure-sensitive market is expected to grow with increased demand from the packaging industry. The medical sector also utilizes pressure-sensitive tapes in medical applications, such as wound care, surgical procedures, and the assembly of medical devices. Due to its versatile end-use, the market is expected to grow in the forecast period.

Market Drivers

• Increase in demand from the automotive sector.

The automotive sector contributes significantly to the growth of the pressure-sensitive tapes market, utilizing pressure-sensitive tapes for applications like vehicle assembly, interior components, and exterior trim.

• Growing demand from the packaging and labeling industry

Pressure-sensitive tapes are widely used for sealing, bonding, and labeling consumer and industrial products. The rise in demand for e-commerce and the growth of the retail sector directly influence the packaging sector. The growth of the labeling industry generates a huge demand for pressure-sensitive tapes.

In addition to that, pressure-sensitive tapes have broad applications from industrial to household usage. Growth and expansion of the construction sector, the rising popularity of electronic devices, and other factors will likely increase the demand for pressure-sensitive tapes in the forecasted period.

Market Segmentation

The global pressure-sensitive tapes market is segmented based on material, technology, type, and end-use industry. The global pressure-sensitive tapes market is segmented based on material: polypropylene, paper, polyvinyl chloride (PVC), and others. The pressure-sensitive tapes market is segmented based on hot melt, water-based, solvent-based technology. The pressure-sensitive tapes market is segmented based on the type into acrylic, rubber, silicone, and others. The pressure-sensitive tapes market is segmented based on the end-use industry into automotive, electrical & electronics, flexo, printing & paper, packaging, medical, and others.

Regional Analysis

The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives information on an overview and forecast of the global pressure-sensitive tapes market based on several segments. It also provides market size and forecast estimates from 2021 to 2031 concerning five major regions:  Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The pressure-sensitive tapes market by region is also sub-segmented by respective countries and segments. The pressure-sensitive tapes market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.

The report analyses factors affecting the pressure-sensitive tapes market from both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting these regions' pressure-sensitive tapes market.

Key Players

The reports cover vital organic and inorganic growth strategy developments in the food emulsifiers market. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies activities observed in the market were partnerships & collaborations acquisitions. These activities have paved the way for the development of the business and customer base of market players. The market players in the pressure-sensitive tapes market are expected to have lucrative growth opportunities with the increasing demand for the packaging and construction industry globally.

The report includes key companies' profiles, SWOT analysis, and Pressure-sensitive tapes market strategies. The report also focuses on leading market players with information including components and services offered, company profiles, financial information for the last three years, and critical development in the past five years.

Below is a list of companies engaged in the pressure-sensitive tapes market.

• Intertape polymer group
• 3M Company
• Nitto Denko
• Scapa industrial
• Nichiban Co. Ltd
• Arkema co ltd
• Tesa se
• Shurtape
• Avery Dennison Corporation
• Lintec Corporation

Pressure Sensitive Tapes Report Scope