DUBLIN, Jan 24, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Specialty Pressure-sensitive Tapes Market 2017-2021" report to their offering.
The global specialty pressure-sensitive tapes market to grow at a CAGR of 5.36% during the period 2017-2021.
Global Specialty Pressure-Sensitive Tapes Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a a discussion of the key vendors operating in this market.
The demand for sustainable and environment-friendly pressure-sensitive tapes has increased in the past few years because of environmental regulations and consumer preference toward environment-friendly products. These specialty pressure-sensitive tapes are capable of undergoing decomposition into water, carbon dioxide, or biomass. In comparison to ordinary pressure-sensitive tapes, these tapes occupy less landfill space. These sustainable tapes are made of biodegradable polymer, which is obtained by polymerization of bio-based raw material and is a good alternative to the petroleum-based raw material. With fluctuating oil prices, the biodegradable polymer is the best alternative, which poses a major challenge to the global pressure-sensitive tapes market.
According to the report, pressure-sensitive adhesives are used to manufacture medical tapes, patches or dressings, and other fabrication components. They are broadly classified into synthetic and natural adhesives. The growth in the medical devices sector has increased the demand for these adhesives. Manufacturers of medical devices in the US and Europe are expanding their production capacities to meet the rising global demand. The rising demand for lightweight and advanced medical devices will increase the consumption of adhesives during the forecast period.
Further, the report states that an increase in the cost of raw materials and adhesives used in the production of specialty pressure-sensitive tapes is a major challenge for the growth of the global specialty pressure-sensitive tapes market. Owing to an increase in the demand for high-performance adhesives, vendors must introduce new products to remain competitive in the market. The price of specialty pressure-sensitive tapes correlates with adhesive prices, as adhesives account for the bulk of the manufacturing costs of these tapes. Manufacturers have been facing challenges in areas such as the supply of raw material, fluctuation in demand, and pricing volatility.
- 3M Company
- Avery Dennison
- Nitto Denko
Other Prominent Vendors:
- Adhesives Research
- Advance Tapes International
- Dow Corning
- Essentra Specialty Tapes
- Evans Adhesive
- Franklin International
- H.B. Fuller
- Intertape Polymer Group
- Nova Films and Foils
- Royal Adhesives & Sealants
- RPM International
- Scapa Group
- Shurtape Technologies
For more information about this report visit http://www.researchandmarkets.com/research/pt3kss/global_specialty
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SOURCE Research and Markets