Segmentation
The Pressure Sensitive Tapes Market Size has been segmented based on backing material, product, and application.
By product, the Pressure Sensitive Tapes Market Size has been segmented into masking, carton sealing, electrical, double-sided, and other. The carton selling tapes segment held the foremost share of the market in 2016. Carton selling tapes are non-toxic in nature and are compatible with various sterilization forms due to which they experience heightened demand. The double-sided tapes segment is expected to be the fastest growing segment over the forecast period. Double sided tapes are durable, reliable, and possess effective fixing and bonding properties. They are extensively used in the industry.
By application, the Pressure Sensitive Tapes Market Size has been segmented into healthcare, packaging, construction, manufacturing, and others. Application-wise, the packaging segment leads the market.
Regional Analysis
Region-wise, the Pressure Sensitive Tapes Market Size has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).
The APAC market is expected to domineer the global Pressure Sensitive Tapes Market Size over the forecast period. Expanding industrial activities in the region provides attractive opportunities for the growth of the market. Manufacturing activities are gradually being shifted to APAC due to the ease of carrying out operations in the region. The availability of relatively cheap labor, supportive government regulations, and availability of raw materials at subsidized rates are favoring the shift. The expanding construction industry also acts as a motivating force to the growth of the market.
North America has secured the second spot in the global Pressure Sensitive Tapes Market Size. An established automotive industry generates substantial demand for pressure sensitive tapes. Moreover, the region has demonstrated heightened acceptance of pressure sensitive tapes in place of mechanical fasteners, which is contributing to the growth of the market.
Europe is a key market for pressure sensitive tapes. Augmented demand from the consumer goods industry and personal care industry has substantiated the growth of the market in the region. Rapidly expanding packaging industry in the UK, Spain, Germany, and France is inducing high demand for packaging tapes in the region.
Competitive Landscape
American Biltrite Inc., LINTEC Corporation, Scapa Group, Adchem Corporation, Jonson Tapes Limited, Shurtape Technologies, LLC, Intertape Polymer Group, Zhejiang Yonghe Adhesive Products Company Limited, Tesa SE, 3M Company, Nitto Denko Corporation, Advance Tapes International Limited, Berry Plastics Corporation, and Avery Dennison Corporation are the key players in the Pressure Sensitive Tapes Market Size.
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