PUBLISHER: Polaris Market Research | PRODUCT CODE: 1124849
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1124849
The global pressure sensitive tapes market size is expected to reach USD 115.95 billion by 2030, according to a new study by Polaris Market Research. The report "Pressure Sensitive Tapes Market Share, Size, Trends, Industry Analysis Report, By Chemical Composition (Acrylic, Silicone, Rubber, Polyurethane, Ethylene Vinyl Acetate, and Others); By Technology; By End-Use; By Region; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Pressure sensitive tapes are utilized in several applications, and new applications are being revealed every day. The industry is experiencing rapid growth owing to its ease of use and cost-effectiveness when contrasted with other conventional products. These can be made up of rubber, acrylic, silicone, and others. Rubber-based pressure sensitive tapes offer advantages such as low cost and rapid stickability.
They are widely used across industries such as packaging, automotive, healthcare, electronics, building & construction, consumer goods, and others. An increase in demand for transfer tape, masking tape, mounting tape, and foam tape across various end-use industries drive the demand for the industry across the globe. In addition, growth in usage of these tapes for medical appliances, electric appliances, and device assembly supplement the industry growth.
Based on chemical composition, the market is segmented into acrylic, silicone, rubber, polyurethane, ethylene vinyl acetate, and others. Acrylic-based products offer resistance toward solvents, while silicone-based offer high-temperature resistance as compared to rubber and acrylic-based tape. Single coat, transfer tape, double coated tape, and self-wound tapes are widely available in the industry that usually comprises pressure sensitive adhesives.
Asia-Pacific accounted for a significant share of the market in 2021 on account of industrial growth, urbanization, and economic development in the region. Increased adoption of the industry across the automotive, building and construction, and healthcare sectors supports the market growth in Asia-Pacific. The presence of leading industry players and easy availability of raw materials are factors that further boost the adoption of pressure sensitive tape across varied applications.
Pressure Sensitive Tapes Market Report Highlights
Acrylic segment accounted for the largest revenue share owing to its properties such as quick dryability and easy application
By technology, the market is segmented water-based, radiation cured, solvent-based, and hot melt. Among this hot melt expected to be the fastest growing segment during the forecast period. This is due increase in demand for resealable packaging that offers advantages such as sustainability while minimizing waste
The demand for the industry is expected to increase from the aerospace sector during the forecast period
Asia-Pacific region will lead the global market by 2030. India and China are focusing on infrastructural activities which in turn leads to increase in demand for pressure sensitive tapes
The industry is highly competitive owing to the existence of large industry players with global presence including 3M Company, Arkema Group, Ashland Global Holdings Inc., Avery Dennison Corporation, CCT Tape, Exxonmobil Corporation
Polaris Market Research has segmented the pressure sensitive tapes market report based on chemical composition, technology, end-use, and region:
Pressure Sensitive Tapes, Chemical Composition Outlook (Revenue - USD Billion, 2018 - 2030)
Acrylic
Silicone
Rubber
Polyurethane
Ethylene Vinyl Acetate
Others
Pressure Sensitive Tapes, Technology Outlook (Revenue - USD Billion, 2018 - 2030)
Water-Based
Radiation Cured
Solvent-Based
Hot Melt
Pressure Sensitive Tapes, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
Packaging
Automotive
Healthcare
Building & Construction
Electronics
Consumer Goods
Others
Pressure Sensitive Tapes, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Figure 1. Global Pressure Sensitive Tapes Market, 2018 - 2030 (USD Billion)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up Approach
Figure 4. Market by Geography
Figure 5. Porter's Five Forces
Figure 6. Market by Technology
Figure 7. Global Pressure Sensitive Tapes Market, by Technology, 2021 & 2030 (USD Billion)
Figure 8. Market by Chemical Composition
Figure 9. Global Pressure Sensitive Tapes Market, by Chemical Composition, 2021 & 2030 (USD Billion)
Figure 10. Market by End-Use
Figure 11. Global Pressure Sensitive Tapes Market, by End-Use, 2021 & 2030 (USD Billion)
Figure 12. Pressure Sensitive Tapes Market Assessment, By Geography, 2018 - 2030 (USD Billion)
Figure 13. Strategic Analysis - Pressure Sensitive Tapes Market