Pressure Sensitive Tapes Market Key Players, Size, Segments till forecast 2023Posted by sagark on September 24th, 2019 Pressure Sensitive Tapes Market Overview Pressure sensitive tapes adhere to various surfaces with light pressure without the need for solvent, water, or heat to activate the adhesive present in them. They are generally termed as self-adhesive, sticky tape, or PSA tape and are used for wide-ranging purposes. Market Research Future (MRFR) has recently published an in-depth report on the global pressure sensitive tapes market and has projected a CAGR of 6.1% over the forecast period of 2017-2023. Pressure sensitive tapes are highly versatile due to which the market has observed continued demand from diverse industries. These tapes are progressively replacing mechanical fasteners, screws, bolts, and nuts in mechanical operations. The automotive industry too is a key end-user for pressure sensitive tapes where they are used for joining interior parts and glass bonding. The packaging sector is also generating massive demand for pressure sensitive tapes, which is fostering the growth of the market. Request Free Sample Copy With TOC @ https://www.marketresearchfuture.com/sample_request/1620 Competitive Landscape
Pressure Sensitive Tapes Market Segmentation The pressure sensitive tapes market has been segmented based on backing material, product, and application. By backing material, the pressure sensitive tapes market has been segmented into paper, PVC, polypropylene, and others. The polypropylene segment dominated the market in 2016 and is anticipated to retain its position over the forecast period. Superior properties of polypropylene such as moisture and chemical resistance, high impact and fatigue resistance, as well as resistance to electricity, boost its demand. The paper segment is expected to register the highest CAGR over the forecast period. Paper is a low-cost backing material due to which it experiences demand from diverse industries such as industrial, construction, and electronics. The increasing need to manufacture light-weight vehicles has considerably increased the demand for paper, which is fostering the growth of the segment. By product, the pressure sensitive tapes market has been segmented into masking, carton sealing, electrical, double-sided, and other. The carton selling tapes segment held the foremost share of the market in 2016. Carton selling tapes are non-toxic in nature and are compatible with various sterilization forms due to which they experience heightened demand. The double-sided tapes segment is expected to be the fastest growing segment over the forecast period. Double sided tapes are durable, reliable, and possess effective fixing and bonding properties. They are extensively used in the industry. By application, the pressure sensitive tapes market has been segmented into healthcare, packaging, construction, manufacturing, and others. Application-wise, the packaging segment leads the market. Regional Analysis Region-wise, the pressure sensitive tapes market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC). The APAC market is expected to domineer the global pressure sensitive tapes market over the forecast period. Expanding industrial activities in the region provides attractive opportunities for the growth of the market. Manufacturing activities are gradually being shifted to APAC due to the ease of carrying out operations in the region. The availability of relatively cheap labor, supportive government regulations, and availability of raw materials at subsidized rates are favoring the shift. The expanding construction industry also acts as a motivating force to the growth of the market. North America has secured the second spot in the global pressure sensitive tapes market. An established automotive industry generates substantial demand for pressure sensitive tapes. Moreover, the region has demonstrated heightened acceptance of pressure sensitive tapes in place of mechanical fasteners, which is contributing to the growth of the market. Europe is a key market for pressure sensitive tapes. Augmented demand from the consumer goods industry and personal care industry has substantiated the growth of the market in the region. Rapidly expanding packaging industry in the UK, Spain, Germany, and France is inducing high demand for packaging tapes in the region. Get Full Report With Complete TOC @ https://www.marketresearchfuture.com/reports/pressure-sensitive-tapes-market-1620 Like it? Share it! More by this author |