Pressure Sensitive Tapes Market Share, Outlook, Strategies, Analysis, Future Scope, Key Drivers Forecast To 2023
Global Pressure Sensitive Tapes Market Share, by Backing Material (Paper, PVC, Polypropylene), Product (Masking, Carton Sealing, Electrical, Double-sided), Application (Healthcare, Packaging, Construction, Manufacturing) and Region – Forecast to 2023
(firmenpresse) - Pressure Sensitive Tapes Market Share Scenario
Pressure sensitive tapes are broadly used for packaging, sealing, labelling, stationery, and other general purpose applications. This kind of tapes are based on several pressure sensitive adhesives where adhesive is applied on one side or on both sides. Hence, this can be easily put on any surface by applying slight mechanical or manual pressure. The demand for pressure sensitive tapes is growing rapidly and is projected to grow at the same pace over the forecast period owing to growing demand from the automotive industry. These tapes are used in automotive industry for joining interior parts, roof, and glass bonding.
The global Pressure Sensitive Tapes Market Share is estimated to grow at a CAGR of 6.1% during the estimated period, 2017-2023.
Segmentation
Global Pressure Sensitive Tapes Market Share is segmented based on backing material, product, application, and region. On the basis of the by Backing Material, the market is segmented into the Paper, PVC, Polypropylene and others. The polypropylene accounted for the largest market share in 2016 due to its properties such as superior moisture and chemical resistant. Good fatigue and impact resistance along with the resistance to electricity also expressively upsurges its demand as a backing material. The paper segment is anticipated to grow at the highest CAGR during the forecast period. Growing government guidelines for manufacturing lightweight vehicles ultimately increase the demand for paper tapes in the automotive industry. Furthermore, the high demand for low-cost backing materials for producing the tapes have also enhanced the growth opportunities for paper tapes in the industrial, electronics, and construction sectors.
Key Players
Avery Dennison Corporation
3M Company
Berry Plastics Corporation
American Biltrite Inc.
Jonson Tapes Limited and Adchem Corporation.
Nitto Denko Corporation
Intertape Polymer Group
Advance Tapes International Limited
Tesa SE
LINTEC Corporation
Scapa Group
Shurtape Technologies, LLC,
Regional Analysis
The global Pressure Sensitive Tapes Market Share consists of North America, Europe, Asia Pacific, and Rest of the World (RoW). The Asia Pacific region dominates the global Pressure Sensitive Tapes Market Share and is expected to grow at the largest CAGR during the forecast period. Increasing industrial base in the region is driving the growth of the market. Key players across the globe are gradually shifting their production facilities to cater the high potential markets in Asia Pacific region due to the availability of low-cost labor and ample raw material stocks. This has positive influence on the growth of the market. China, Indonesia, Thailand and Japan are the major contributor in Asia Pacific market. China accounts for the largest share of the regional market due to the high demand from the consumer goods industry.
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Datum: 15.04.2020 - 10:05 Uhr
Sprache: Deutsch
News-ID 610606
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Typ of Press Release: Product
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Date of sending: 15/04/2020
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