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Global Pressure Sensitive Tape Market Size, Status and Forecast 2018-2025

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The global pressure sensitive tape market size is estimated to reach USD 83.85 billion by 2025. Growing application in automotive, building & construction, electrical & electronic, and medical industry is expected to propel the demand for pressure s
Adroit Market Research
Global Pressure Sensitive Tape
Market
Drivers, Restraints, Potential Growth Opportunities,
Vendor Competitive Landscape, Trends and Forecast
2018
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Adroit Market Research
Global Pressure Sensitive Tape Market Size, Status and Forecast 2018-2025
• Adroit Market Research launched a report on the, “Global Pressure Sensitive Tape Market Size 2017 By Backing Substrate
(Paper, Polypropylene, Polyvinyl Chloride, Others), By Product (Masking Tapes, Carton Sealing Tapes, Electrical Tape,
Double Sided Tapes, and Others), By Application (Infrastructure & Construction, Automotive, Packaging, Electrical &
Electronics, Healthcare & Medical, Others), By Region and Forecast 2018 to 2025”.
• The study covers the global pressure sensitive tapes market value and volume for a period ranging from 2015 to 2025.
Drivers, restraint, and opportunities have been covered in the study.
• The global pressure sensitive tape market size is estimated to reach USD 83.85 billion by 2025. Growing application in
automotive, building & construction, electrical & electronic, and medical industry is expected to propel the demand for
pressure sensitive tapes over the projected period. Rising health concerns coupled with increased healthcare spending
around the world is expected to augment the consumption of surgical tapes, athletic tapes, and medical equipment tapes
over the projected period.
• Noise reduction, vibration dampening, elimination of surface refinishing, reduced assembly time, elimination of
mechanical fasteners for cosmetic superiority, uniform thickness, and gap filling properties has increased its popularity for
automotive applications. Technological advancement in adhesives and low cost as compared to other fastening systems is
expected to increase the global pressure sensitive tapes market size over the projected period.
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Global Pressure Sensitive Tape Market Size, Status and Forecast 2018-2025
• Expanding international trade, a strong global economy, and technological advancement in packaging solutions has
increased market penetration of carton sealing tapes over the past few years. In 2017, carton sealing tapes accounted for
more than 60% of the global pressure sensitive tape market share. Rising production of electronic & telecommunication
equipment has increased market expansion of double-sided tapes over the past few years.
• Huge investment to strengthen manufacturing industry and untapped market in the Middle East & African countries such as
Israel, South Africa, Saudi Arabia, and Turkey is expected to provide a potential opportunity for manufacturers to expand
their production facilities. Increased building & construction expenditure in Turkey by virtue of incentives offered by the
government, housing loan campaigns, and regulations in value-added tax rates is projected to increase demand for masking
tapes over the coming years.
• North America accounted for more than 20% of overall market share in 2017. North America and Europe are expected to be
a mature market for pressure sensitive tapes industry over the coming years. However, increased manufacturing output and
growing consumer electronics industry in U.S., Germany, UK, and Italy is expected to increase sales volume of carton sealing
tapes over the coming years.
Browse the complete report on @ https://www.adroitmarketresearch.com/industryreports/pressure-sensitive-tape-market
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Global Pressure Sensitive Tape Market Size, Status and Forecast 2018-2025
• 3M, LINTEC Corporation, NICHIBAN Co., Ltd., Nitto Denko Corporation, Intertape Polymer Group, Avery Dennison
Corporation, tesa SE, Shurtape Technologies, Lohmann GmbH & Co. KG and Advance Tapes International are the leading
players present within the global pressure sensitive tapes market. Global pressure sensitive tape industry is consolidated in
North America. However, it is fragmented in Asia Pacific and Middle East & Africa by virtue of a large number of
manufacturers are present in these regions.
• Manufacturers are adopting M&A strategies in order to expand their global presence and stay competitive in the industry.
For instance, in August 2018, Intertape Polymer Group, manufacturer and distributor of film and paper-based pressure
sensitive tapes acquired Polyair Inter Pack, a Canada based manufacturer engaged in integrated packaging systems.
Purchase a single user copy of the global pressure sensitive tapes market report @
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our core, we are curious people who love to identify and understand industry patterns, create
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dhiwarmanoj7451
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