Pressure Sensitive Tape Market Insights, 2024

Hexa Research
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Pressure Sensitive Tape Market Share, Size, Analysis, Growth,
Trends and Forecasts to 2024 | Hexa Research
The global pressure sensitive tape market is expected to grow at a CAGR of over 6% and
reach close to 69 billion during the forecast period (2016 to 2024). Increasing demand in
the packaging of the corrugated box packaging of food & beverages is likely to boost
market growth in the coming years.
These tapes are vastly use in the construction of tunnels, bridges, roofing, cladding,
glazing, water supply, and air conditioning can promote the growth and expansion of the
industry.
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Use of biodegradable material for the manufacturing of these pressure sensitive tapes can
fuel market growth during the forecast period. Moreover, superior features like easy
handling and processing is likely to stimulate industrial development.
Development of newer specialty electrically conductive adhesive tapes for
telecommunications equipment can exhibit immense potential in the coming seven years.
The pressure sensitive tape market is divided into applications, backing material, product,
and geographies.
On the basis of applications, the market is split into automotive, building & construction,
electrical & electronics, health & hygiene, packaging, and others. Packaging held the
largest segment in 2015. It is expected to continue an upward trend, owing to its low
carbon footprint and biodegradability.
Backing material comprise of polypropylene, paper, PVC, and others. Polypropylene can
witness rapid growth at over 6% CAGR till 2024. The growth can be attributed to his cost
efficiency, high-tear resistance in mid-direction & cross-direction, and well balance
technology. PVC is likely to show a considerable growth due to its eco -friendly properties.
Products encompass carton sealing tape, double-sided tape, electrical tape, masking tape,
and others. Cartons sealing tape held over 60% of global volume share in 2014. The growth
can be attributed to the recyclability and reusability. Double sided tape is likely to exhibit a
growth till 2024.
North America, Latin America, Europe, the Middle East & Africa (MEA), and Asia Pacific, are
the geographical segmentations of the pressure sensitive tape industry. Asia Pacific market
dominated the global demand with over USD 21 billion in 2015. It is likely to continue
dominating the market owing to the growing demand for food & beverages sector in.
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Hexa Research
Fact-based market research, penetrating industry insights and validated
forecasts to help you make better decisions for a stronger future
Key global players of the pressure sensitive tape market are 3M, Lintec and Nitto Denko
Corporation, ABI Tape Products, and Jonson Tapes Limited. A double -sided high
performance acrylic tape was introduced by Saint-Gobain was launched early 2014.
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