Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on pressure
sensitive tapes market provides in-depth analysis of segments and sub-segments
in the global as well as regional pressure sensitive tapes market. The study
also highlights the impact of drivers, restraints, and macro indicators on the
global and regional pressure sensitive tapes market over the short term as well
as long term. The report is a comprehensive presentation of trends, forecast
and dollar values of global pressure sensitive tapes market. According to the
report, the global pressure sensitive tapes market is projected to grow at a
healthy CAGR over the forecast period of 2019-2025.
Pressure sensitive tapes are largely used for packaging, sealing,
labeling, stationery, and other general-purpose applications. These tapes are
based on several pressure sensitive adhesives where the adhesive is applied on
one side or both sides. These pressure sensitive tapes can be easily put on any
surface by applying slight mechanical or manual pressure. A standardization of
adhesive bonding as an established assembly method for smartphone, tablets,
electronic wearables and other mobile devices are key trends that influence the
growth of the market. A small form factor for these devices and the limited
feasibility of welding, threated fresheners, and other thermal and mechanical
assembly methods are helping spur demand for the fresher sensitive tapes.
Increase governments construction spending in order to cater to
rising infrastructure needs is the major driving factor for the pressure sensitive
tapes market. The demand for pressure sensitive tapes is growing rapidly due to
growing demand from the automotive industry. Furthermore, factors such as
growing use of pressure sensitive tapes in diverse end-use industries, high
demand in Asia-Pacific, and wide acceptance due to the ease of applicability of
pressure sensitive tapes are other driving factors for the market growth. The
increasing adoption of the products in numerous applications across the
electronic devices and the automotive sector is boosting the growth of the
market. However, increasing raw material prices is restraining the growth of
the market. Moreover, more investments by key players in the research and
development activities for the development of innovative products are expected
to provide growth opportunities to the market players.
Geographically, Asia-Pacific dominates the global pressure
sensitive tapes market owing to the thriving manufacturing sector and presence
of major manufacturers in the electronics, automotive, and medical industries
in the region. The countries such as China, Indonesia, Thailand, and Japan are
the major contributor in the Asia-Pacific market. China holds the largest share
of the regional market due to the high demand from the consumer goods industry.
The report on global pressure sensitive tapes market covers
segments such as product, backing material, and end-user. On the basis of
product, the sub-markets include carton sealing tape, masking tape, double
sided tape, and specialty tape. On the basis of backing material, the
sub-markets include polypropylene (PP), paper, polyvinyl chloride (PVC), and
other backing material. On the basis of end-user, the sub-markets include food
& beverage, building & construction, electrical & electronics,
automotive, and healthcare.
The report provides profiles of the companies in the market such
as Nitto Denko Corporation, 3M Company, Avery Dennison Corporation, Nichiban
Co., Ltd., Scapa Group PLC, Shurtape Technologies, LLC, Lintec Corporation,
Intertape Polymer Group, Inc., Lohmann GmbH & Co. Kg, Tesa SE, and other
companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of pressure sensitive tapes market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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