Market Research Report
Pressure Sensitive Adhesive Tapes Market by Resin type (Acrylic, Rubber, Silicone), Category (Commodity, Specialty), Backing Material (Polypropylene, Paper, PVC), Type, End-Use Industry, and Region - Global forecast to 2022
|Published by||MarketsandMarkets||Product code||569184|
|Published||Content info||149 Pages
|Pressure Sensitive Adhesive Tapes Market by Resin type (Acrylic, Rubber, Silicone), Category (Commodity, Specialty), Backing Material (Polypropylene, Paper, PVC), Type, End-Use Industry, and Region - Global forecast to 2022|
|Published: October 13, 2017||Content info: 149 Pages||
"The Pressure Sensitive Adhesive (PSA) tapes market is expected to grow at a CAGR of 6.22% between 2017 and 2022."
The PSA tapes market is expected to grow from an estimated USD 50.12 billion in 2017 to USD 67.76 billion by 2022, at a CAGR of 6.22% between 2017 and 2022. Significant growth has been observed in end-use industries such as packaging, electrical & electronics, medical & hygiene, construction, transportation, and consumer & office which is expected to fuel the growth of the PSA tapes market due to the ease of use for these applications and their wide availability.
In the automotive industry, increasing government regulations for manufacturing lightweight vehicles have propelled the demand for paper PSA tapes due to its lightweight feature. Moreover, consumer also prefer paper PSA tapes due to it being a low-cost product. Due to these factors, PSA tapes find high growth opportunities in the industrial, electronics, and construction sectors.
Among end-use industries, the electrical & electronics segment of the PSA tapes market is expected to grow at the highest CAGR from 2017 to 2022. As PSA tapes are antistatic adhesive tapes, they are useful for attaching surface-mount components at points on printed circuit board. These tapes are used in the manufacture of many consumer electronics devices, such as mobile phones and camera. They find various applications in electrical interconnection and assembly.
PSA tapes are finding various applications in various end-use industries in the Asia Pacific region. Among regions, Asia Pacific is expected to be the fastest-growing PSA tapes market. This growth is also attributed to the high-growth economies such as China, India, Taiwan, and other smaller countries, such as Indonesia, Vietnam, and Malaysia. China is the leading market in terms of the demand for PSA tapes in Asia Pacific.
3M Company (US), Nitto Denko Corporation (Japan), Tesa SE (Germany), Lintec Corporation (Japan), Intertape Polymer Group, Inc. (Canada), and Avery Dennison Corporation (US) are the key players operating in the PSA tapes market.
This report provides a detailed segmentation of the PSA tapes market on the basis of resin type, type, category, backing material, end-use industry, and region. Based on backing material, the market has been segmented into polypropylene, paper, PVC, and others. With respect to resin type, the market has been segmented into acrylic, rubber, and silicone based PSA tapes. Based on end-use industry, the market has been segmented into medical & hygiene, packaging, electrical & electronics, construction, transportation, and consumer & office. Based on region, the market has been segmented into Asia Pacific, Europe, North America, South America, and Middle East & Africa.
From an insight perspective, this research report has focused on various levels of analyses-industry analysis (industry trends), competitive landscape analysis of top players in the PSA tapes market, and company profiles. These insights together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the PSA tapes market, high-growth regions, and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
*Details on Overview, Products and Services, Financials, Strategy & Development might not be Captured in case of Unlisted Companies.