What are Pressure Sensitive Tapes?
Pressure sensitive tapes are adhesive tapes that stick to the substance when pressure is applied, without any need for solvent, heat or any other activist. Many variants of these tapes are available in the market, such as single sided tape, double sided tape, adhesive transfer tape or transfer adhesive, single coated tape, double coated tape, carton sealing, masking, electrical and electronics, and others.
The primary application of these tapes includes bonding, sealing, packaging and masking.
Emerging Trends, Drivers and Challenges in the Pressure Sensitive Tape Market:
New types of biodegradable pressure sensitive adhesive tapes are emerging in the market. The demand for biodegradable and eco-friendly pressure sensitive tapes has increased in the past few years because of environmental regulations and consumer preference towards environmentally friendly products.
These pressure sensitive adhesive tapes are capable of undergoing decomposition into carbon dioxide, water or biomass. They also occupy less landfill space in comparison to ordinary pressure sensitive tapes. Biodegradable polymer is made from the polymerization of bio-based raw material; it is a good alternative to petroleum based raw material. Biodegradable polymer has emerged as the best alternative in response to fluctuating oil prices, a major challenge to the Global Pressure Sensitive Adhesive Tapes market.
The Pressure Sensitive Adhesive Tapes Market is expected to reach close to US$60 billion by 2019, growing at a CAGR between 5 and 7 percent over 2015-2019. Analysts have used a comprehensive five forces analysis to determine competition and industry structure based on the buying criteria, threats and substitutes in the market.
The report includes detailed profiles of the leading companies in the market including 3M, Lintec, Nitto Denko and Tesa SE. The report also discusses other prominent vendors, such as Achem Technology, Adchem, Adhesive Applications, Adhesives Research, Advanced Flexible Composites, Avery Dennison, Berry Plastics, CTT, Coating and Converting Technologies, Chomerics, DeWAL, Essentra Specialty Tapes, FLEXcon, Intertape Polymer Group, Lamart Corporation, MACtac, Microseal Industries, Navilux, Necal, PPI Adhesive Products, Scapa Group, Shurtape Technologies, Syntac Coated Products and TaraTape.
Key End-user Industries for the Pressure Sensitive Tape Market:
Based on end-user, the Global Pressure Sensitive Tapes market can be segmented into the following industries:
Food and Beverage
The report includes an in-depth study of the application of pressure sensitive adhesive tapes in each of the industry segments.
Market Segmentation by Category and Product Types:
The Pressure Sensitive Tape market can be broadly categorized into the following segments:
Commodity Pressure Sensitive Tapes market
Specialty Pressure Sensitive Tapes market
Commodity Pressure Sensitive Tape is a major segment in terms of volume, followed by the Specialty Pressure Sensitive Tape segment. This report provides the market shares of these product segments.
Under Commodity Pressure Sensitive Tapes, Packaging tape account for the majority of the demand. Due to an increase in sales of Cartons and Corrugated boxes, the demand for these tapes is expected to rise further during the forecast period. The majority of worldwide production of these tapes takes place in the APAC region because of lower manufacturing and production costs in this area. China is the major producer and consumer for Commodity Pressure Sensitive Tapes.
This report gives a detailed description of the Pressure Sensitive Tape Market based on the area coverage in billion square meters in each of its key regions.
Key Regions for the Pressure Sensitive Tape Market:
Featuring a breakdown of region wise market shares until 2019.
The report highlights the region with the largest share of Corrugated Box Packaging while showcasing the region accounting for the majority of the production in the Pressure Sensitive Tape Market.
Other Sections Include an Analysis on the Following:
Understand the Product Types in the Pressure Sensitive Adhesive Tape Market
Understand the different Applications of the Product Types in End-user Industry Segments
Top Drivers and its Impact on the Pressure Sensitive Tape Market
Top Challenges and its Impact on the Pressure Sensitive Tape Market
Top Trends and its Impact on the Pressure Sensitive Tape Market
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