Overview and Scope
Pressure sensitive adhesive tapes refer to a relatively thin flexible material with single or double-sided adhesive coating. The activation of pressure-sensitive adhesives does not require the use of a solvent, water, or heat. The pressure level required to apply over adhesive directly influences the binding.
Sizing and Forecast
The pressure sensitive adhesive tapes market size has grown strongly in recent years. It will grow from $65.52 billion in 2023 to $70.45 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to increasing industrialization, environmental regulations, automotive industry growth, emerging market demand, global economic trends.
The pressure sensitive adhesive tapes market size is expected to see strong growth in the next few years. It will grow to $93.61 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to health and hygiene awareness, urbanization and construction activities, sustainability initiatives, electric vehicles (evs) trend, digitalization in manufacturing. Major trends in the forecast period include growing demand for sustainable solutions, advancements in technology, expanding e-commerce and logistics industry, customization and personalization, health and safety concerns.
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Segmentation & Regional Insights
The pressure sensitive adhesive tapes market covered in this report is segmented –
1) By Type: Single-Coated Tapes Or Single-Sided Tapes, Double-Coated Tapes, Transfer Tapes Or Unsupported Tapes, Self-Wound Tape
2) By Resin Type: Acrylic, Rubber, Silicone, Other Resin Types
3) By End-Use Industry: Packaging, Electrical And Electronics, Medical And Hygiene, Construction, Transportation, Consumer And Office, Other End-Use Industries
Asia-Pacific was the largest region in the pressure sensitive adhesive tapes market in 2023. The regions covered in the pressure sensitive adhesive tapes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising construction sector is significantly contributing to the growth of pressure sensitive adhesive tapes market going forward. The construction sector refers to the area of business and manufacturing that is concerned with building, preserving, and fixing infrastructure. Pressure sensitive adhesive tapes are used in the construction sector to strengthen foundation membranes to keep water out, to seal argon gas between windowpanes, and to support and secure ducting. Pressure sensitive adhesive tapes can also withstand moisture and extreme temperature which makes them suitable for rooftops keeping the elements out. For instance, according to a 2022 report published by the bureau of economic analysis (BEA), a US-based government organization that provides official macroeconomic and industry statistics, the size of the US construction industry increased from $1.916 trillion in the first quarter of 2021 to $2.016 trillion in the first quarter of 2022. Therefore, the rise in the construction sector will drive the pressure sensitive adhesive tapes market.
Key Industry Players
Major companies operating in the pressure sensitive adhesive tapes market report are 3M Company, Avery Dennison Corporation, Lintec Corporation, Lohmann GmbH & Co. Kg, Nichiban Co. Ltd., Nitto Denko Corporation, Scapa Group PLC, Shurtape Technologies LLC, Tesa SE, Ellsworth Adhesives India PTY Limited, H.B. Fuller Company, Henkel AG & Co. KGaA, LG Chem Ltd., Arkema Group, Sika AG, Nippon Paint Co. Ltd., Achem Technology Corporation, Yonghe Adhesive Products Co. Ltd., Berry Plastics Corporation, Intertape Polymer Group Inc., JinghuaTape Technologies Co. Ltd., Luxking Group Co. Ltd., Shushi Group Co. Ltd., Shanghai Yongguan Adhesive Products Corp. Ltd., Camat Corporation, ATP Adhesive Systems AG, Applied Plastics, Dunmore Corporation, FLEXcon Company Inc., Labelink Corporation .
The pressure sensitive adhesive tapes market report table of contents includes:
1. Executive Summary
2. Pressure Sensitive Adhesive Tapes Market Characteristics
3. Pressure Sensitive Adhesive Tapes Market Trends And Strategies
4. Pressure Sensitive Adhesive Tapes Market – Macro Economic Scenario
5. Global Pressure Sensitive Adhesive Tapes Market Size and Growth
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31. Global Pressure Sensitive Adhesive Tapes Market Competitive Benchmarking
32. Global Pressure Sensitive Adhesive Tapes Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Pressure Sensitive Adhesive Tapes Market
34. Pressure Sensitive Adhesive Tapes Market Future Outlook and Potential Analysis
35. Appendix
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