Global Pressure Sensitive Tapes Market by Technology (Radiation Cured, Solvent-based, Hot Melt, Water-based), by Product (Specialty, Consumer, Packaging) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2017, the global market for pressure sensitive tapes was worth USD 54.90 million. The market is expected to grow at 4.1% CAGR over the forecast period. Tapes are being used to replace conventional adhesives and fasteners as a result of rising concerns about automobile light weight.

In order to meet rising infrastructure requirements, governments will likely increase construction spending due to the projected rise in population and rapid industrialization in emerging countries. Over the forecast period, this will fuel demand for pressure sensitive tapes in various applications.

The rising demand for transport will increase production capabilities, which could lead to an extension of contract between material suppliers. The demand for aircraft replacement will reach 43.0% over the next 20 year, which could increase the product's demand as it is used primarily in the production and maintenance of aircraft interiors.

Fluctuations of raw material prices can be attributed to changes in crude oil prices. They have a significant impact on the procurement costs of manufacturers and negatively affect the growth of this market. Additionally, crude oil import sanctions are likely to have an impact on overall oil prices and cause fluctuations in raw material prices.

There are regulations that govern the use of adhesives for different applications. The regulatory framework has become more complex as the North American and European governments have mandated the listing of materials used in the production of pressure sensitive tapes.

Market growth is likely to be hindered by the availability of many substitutes like adhesives, sealants, or fasteners. Market growth is expected to be slowed by the widespread use of these products for bonding in various industries, including aerospace, automotive, and building & construction.

Product Insights

The fastest-growing product category in terms of both volume and value is specialty tapes during the forecast period. This segment is expected to grow at a 4.3% CAGR in terms of revenue over the same period. The increasing demand for specialty products within the automotive industry can also be attributed at large to the increased emphasis placed by major car manufacturers around the world on vehicle lightweighting.

Market growth is expected to be accelerated by the increasing use of foam-based specialty taps for bonding and noise reflection. It is anticipated that wire harnessing products will replace automotive fasteners, which will lead to increased demand.

Plastic is used as a backing material in packaging tapes. This allows for greater flexibility and tearing, and makes it easier to tear. Increasing consumer demand for packaging products is a result of increased production and shipping. The market will be driven by low costs and superior packaging performance.

Tapes for consumer use are widely used in many applications, including bonding, attaching and temporary mounting. These tapes are made from plastic backing and a mild-to-strong adhesive. The market for pressure sensitive tapes is expected to grow due to the rising demand for these products in residential and commercial interior modifications in the construction industry.

Technology Insights

Hot melt technology is in high demand because of their high North American consumption. Hot melt technology is used to manufacture specialty products. This technology provides superior product performance and a longer product lifespan for indoor and outdoor use.

Hot melt technology is expected to increase the market for double-sided tapes in the automotive and building & construction industries. Specialty tapes made from hot melt technology use strong synthetic rubber adhesives or resin adhesives to form a strong bond between the tape and the surface it is being applied.

Water-based adhesive technology is expected to see significant growth in the future due to its low cost and ability to apply improved adhesives that match the high performance of solvent-based and hot melt adhesives. The introduction of water-based acrylic technology will also increase demand for this technology during the forecast period.

Over the forecast period, the expected replacement of solvent-based technology with UV-based tapes will support growth. This is primarily due to the advantages of higher line speeds and greater efficiency. The product's superior blush and moisture resistance will likely make it a replacement for water-based acrylics.

Insights on Adhesive Chemistry

Because of their ability to bond to polar surfaces like glass, metal and plastics, acrylic was used in specialty tapes to make 46.0% of total revenue in 2017. The products with acrylic adhesives are in high demand for outdoor applications that require long-term bonding.

Rubber-based adhesives have been widely used in the past. Because they are less expensive than silicone- and acrylic-based products, rubber-based adhesives hold a significant share of the specialty tapes market. Rubber-based products are excellent for general purposes products due to their ability to adhere on many low-energy and non-polar surfaces.

Natural rubber-based products are more popular than acrylic because they have superior shear and adhesion characteristics. Hot-melt synthetic rubber-based tapes have poor durability and temperature resistance. Solvent-based tapes, however, are more durable. They lack UV resistance.

Because of their excellent shear, UV and solvent resistance, silicone adhesives will see the greatest value growth of 5.0 percent over the same time period. Because of their outstanding dielectric properties, these adhesives are most commonly used in release liner splicing as well as printed circuit boards.

Material Insights to Back It

Due to growing demand from the medical and hygiene industries, specialty pressure sensitive tapes with non-woven backing material and woven backing material are expected to grow at a 4.6% CAGR in terms of revenue. The segment will also benefit from the increasing use of double-sided cloth tapes for indoor carpets, rugs and mats.

High consumption of consumer tapes is expected to drive the demand for plastic-backed products. The market is expected to grow over the forecast period because plastic-backed tapes can be used in a wide range of applications, including the management of electrical wiring, packaging and building & Construction.

The use of polyvinylchloride to back materials is expected to grow at a 5.0% CAGR in terms of revenue. This is due to its superior flame retardancy, high elasticity and superior fire resistance. It is also highly adhesive on many materials, including aluminum, plastic, and metal. PVC-based specialty taps are used extensively in electrical insulation applications and can have a significant impact on product demand.

Foam-based products make up the majority of specialty products. This segment will grow at a 4.8% CAGR due to its increased use in bonding or mounting applications in medium- and high-end vehicles. The product's superior UV, water and aging resistance properties will increase the demand over the forecast period.

Regional Insights

Over the forecast period, North America will be the second largest market for pressure sensitive tapes behind Asia Pacific. Product demand is expected to rise due to robust growth in the Mexican electronics, automotive, electrical and medical sectors.

Europe's market is expected to grow at an average CAGR of 3.2% over the same time period. The growth of the market is expected to be fueled by the rising demand in the packaging sector. The market will also be positively impacted by the replacement of adhesives by tapes.

Asia Pacific was the leading global market in volume and value in 2017, thanks to a flourishing manufacturing sector with increasing investments by key manufacturers. The region's major revenue contributors are China, India and Japan. China's market growth is being supported by a high production level and higher exports.

The combined volume of Central & South America, the Middle East & Africa accounted for 12.3% of 2017's total. The market's growth is impeded by low manufacturing capacity in MEA and rapid economic decline in Central & South America.

Market Share Insights & Key Companies

The manufacturing of high-quality products is a major focus for the top players in North America, Europe and Asia Pacific. Intertape, 3M and Tesa are among the major players in this market. They have increased their investment in R&D to develop new technologies such as hot melt or water-based adhesives.

The solvent-based technology's improved adhesion is encouraging its use in Europe. Customers and manufacturers are more focused on quality than price. However, European manufacturers are not as competitive as they used to be due to the increasing competition from Asian producers with their low-cost products.

Market Report Scope for Pressure Sensitive Tapes

The Report Covers Certain Segments

This report forecasts revenue growth and volume at both the global and regional level. It also provides analysis of industry trends for each sub-segment from 2014 through 2025. Grand View Research segmented the global market for pressure sensitive tapes based on product (backing material and adhesive chemistry), region, and technology.

• Product Outlook (Volume: Million Square Meters; Revenue: USD Million, 2014-2025)

  • Specialty tapes

    • Automotive

    • Aerospace

    • White goods

    • Electronics

    • Semiconductors

    • Elec.

    • Paper & printing

    • Construction

    • Medical

    • Hygiene

    • Graphics & Retail

    • Others (Sports, defense, etc.)

  • Packaging tapes

  • Consumer tapes

• Technology Outlook (Volume: Million Square Meters; Revenue USD Million, 2014-2025)

  • Specialty tapes

    • Hot melt

    • Water-based

    • Solvent-based

    • Radiation cure

  • Other tapes

    • Hot melt

    • Water-based

    • Solvent-based

    • Radiation cure

• Outlook for Backing Material (Volume: Million Square Meters; Revenue: USD Million, 2014-2025)

  • Specialty tapes

    • Woven/Nonwoven

    • Polyvinylchloride (PVC)

    • Polypropylene, (PP)

    • Polyethylene Terephthalate

    • Foam

    • Metal

    • Other

• Adhesive Chemistry Outlook (Volume: Million Square Meters; Revenue USD Million, 2014-2025)

  • Specialty tapes

    • Acrylic

    • Rubber

    • Silicone

• Regional Outlook (Volume: Million Square Meters; Revenues, USD Millions, 2014-2025)

  • North America

  • Europe

  • Asia Pacific

  • Rest of the World

These are the most frequently asked questions about this report

b. Global pressure sensitive tapes market was valued at USD 57.13 Million in 2019, and is forecast to grow to USD 59.3 Billion by 2020.

b. Global pressure sensitive tapes market will grow at 4.1% compounded annual rate between 2018 and 2025, to reach USD 75.9 Billion in 2025.

b. With a 49.6% share in 2019, Asia Pacific was the dominant region for pressure sensitive tapes. The region's major revenue contributors are China, India and Japan. This is due to the growing manufacturing industry and rising investments by key manufacturers.

b. Tesa, 3M and Avery Dennison are some of the key players in pressure sensitive tapes markets. Intertape is Nitto Denko and Intertape are also important.

b. The pressure sensitive tapes market is growing due to concerns about automobile light-weighting around the world. This has led to an increase in tape adoption through the substitution of traditional products like adhesives and fasteners.

Up Market Research published a new report titled “Pressure Sensitive Tapes Market research report which is segmented by Technology (Radiation Cured, Solvent-based, Hot Melt, Water-based), by Product (Specialty, Consumer, Packaging), By Players/Companies Nitto Denko, Avery Dennison, Intertape, Tesa, 3M”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Pressure Sensitive Tapes Market Report Segments:

The market is segmented by Technology (Radiation Cured, Solvent-based, Hot Melt, Water-based), by Product (Specialty, Consumer, Packaging).

Pressure Sensitive Tapes Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Pressure Sensitive Tapes Market

Overview of the regional outlook of the Pressure Sensitive Tapes Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Pressure Sensitive Tapes Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Pressure Sensitive Tapes Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Radiation Cured

                2. Solvent-based

                3. Hot Melt

                4. Water-based

                1. Specialty

                2. Consumer

                3. Packaging

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Pressure Sensitive Tapes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Pressure Sensitive Tapes Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.