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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