Global Pressure Sensitive Tapes Market Report 2024-2030: Market Fortunes Intrinsically Tied to the Performance of the Overall Adhesives Industry

DUBLIN, Feb. 23, 2024 /PRNewswire/ -- The "Pressure Sensitive Tapes - Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

Global Pressure Sensitive Tapes Market to Reach $105.8 Billion by 2030

The global market for Pressure Sensitive Tapes estimated at US$73.3 Billion in the year 2022, is projected to reach a revised size of US$105.8 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2022-2030. Packaging Tapes, one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach US$50.7 Billion by the end of the analysis period. Growth in the Specialty Tapes segment is estimated at 5.4% CAGR for the next 8-year period.

The report provides influencer market insights, analyzing the perspectives and opinions of key figures shaping the pressure-sensitive tapes (PSA) market. It delves into the trajectories of the world market, considering factors such as the impact of COVID-19 and the potential implications of a looming global recession.

With a focus on pressure-sensitive tapes, which are known for their versatile and performance-driven adhesive properties, the report explores recent market activity and offers a global market outlook. It highlights the improvement in the global economy, which is expected to support near-term growth momentum, and emphasizes the role of developing countries in driving both current and future market growth.

The U.S. Market is Estimated at $15.4 Billion, While China is Forecast to Grow at 6.7% CAGR

The Pressure Sensitive Tapes market in the U.S. is estimated at US$15.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$26.3 Billion by the year 2030 trailing a CAGR of 6.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 4.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$16.2 Billion by the year 2030.

Furthermore, the competitive landscape of the pressure-sensitive tapes market is analyzed, providing insights into the market share of key competitors in 2022 and categorizing their market presence as strong, active, niche, or trivial.

MARKET TRENDS & DRIVERS

• Rapid Penetration of Advanced Smartphones and Wearable Devices Drive Demand for Robust, Flexible, and Superior PSA Tape Solutions
• Wearable Devices Rely on Innovative Double-Sided Tapes for Ruggedness
• Advanced Mounting Tape Solutions Enable Smartphones with Flexible Displays
• Sophisticated Single-Sided Tapes Pave Way for Wireless Charging
• Industrial Pressure-Sensitive Tapes Featuring High Resistance to Temperature to Witness Surge in Demand
• Advanced Technologies and Wide Ranging Applications Drive Demand for Specialty Tapes
• Growing Demand from the Packaging Industry Benefit Market Growth for Box/Carton Sealing Tapes
• Flexible Packaging Remains Promising Application Area for PSA Tapes
• Sustainable Packaging: The Latest Buzz Word Driving Demand for Recyclable, Biodegradable PSA Tapes
• Myriad Applications in Vehicle Production Boosts Demand for Masking Tapes in the Automotive Sector
• Growing Prominence of PSA Tapes in Surgical and Medical Device Bonding Drive Demand in Medical Applications
• Critical Need to Select Appropriate Skin-Interfacing Adhesives Boost Demand for Wearable Adhesives
• Wearable Medical Devices: A Lucrative End-use Market for Medical PSAs
• Increasing White Goods and Electronic Components Manufacture Spurs Demand in the Electronics Sector
• Need to Meet CTQ (Critical-to-Quality) Requirements of Various Applications Spur Demand for Foam Tapes
• Focus on Energy-Efficient Buildings Offers Opportunities for Masking Tapes in the Construction Sector
• Recovery in Construction Activity Worldwide Offer Bright Prospects for PSA Tapes
• Aircraft Manufacture: A Critical End-Use Sector for Pressure Sensitive Tapes
• Growing Focus on Solar Energy Drives Photovoltaic Tapes Demand
• Advanced Pressure Sensitive Adhesives Make Solar Panels Thinner
• Custom Printed Tapes: A Lucrative Segment
• Pressure Sensitive Adhesives: Providing the Essential Adhesion Properties in Pressure Sensitive Tapes
• Growing Need for Efficient Bonding Solutions Drives Demand for Acrylic PSA Tapes
• Pressure Sensitive Labels: The Next Most Important Application Area for Pressure Sensitive Adhesives
• Solvent-Free Adhesives to Witness Strong Growth
• Future of Solvent Based Adhesives Uncertain
• Myriad Applications in Various Industries Drives Perennial Demand for Pressure Sensitive Tapes
• Exceptional Bonding Properties
• Easy Processing
• Demanding Automotive Applications
• Insulation & HVAC Applications
• Consumer Electronics Applications
• Market Fortunes Intrinsically Tied to the Performance of the Overall Adhesives Industry
• Product Innovation and Demand for Flexible Packaging Bolster Pressure Sensitive Adhesives Market

FOCUS ON SELECT PLAYERS (Total 214 Featured)

• 3M Company (USA)
• Adhesives Research, Inc. (USA)
• Adhesive Applications Inc. (USA)
• Advanced Flexible Composites, Inc. (USA)
• Ahlstrom-Munksjo (Sweden)
• American Biltrite, Inc. (USA)
• Ashland Global Holdings, Inc. (USA)
• Avery Dennison Corporation (USA)
• Beardow & Adams (Adhesives) Limited (UK)
• Berry Global, Inc. (USA)
• Adchem Corporation (USA)
• Boston Tapes (Chargeurs) (Italy)
• Coroplast Fritz Muller GmbH & Co. KG (Germany)
• DeWAL Industries Inc. (USA)
• Dow Corning Corporation (USA)
• Dow Packaging and Specialty Plastics (USA)
• Edge Adhesives, Inc. (USA)
• Essentra Specialty Tapes, Inc. (USA)
• Franklin International, Inc. (USA)
• H.B. Fuller Company (USA)
• Henkel AG & Co. KGaA (Germany)
• Illinois Tool Works, Inc. (USA)
• Stokvis Tapes BV (Netherlands)
• Intertape Polymer Group Inc. (Canada)
• Powerband (India)
• Godson Tapes Pvt. Limited (India)
• Jowat SE (Germany)
• Kruckemeyer GmbH (Germany)
• LINTEC Corporation (Japan)
• Luxking Group Holdings Limited (China)
• NADCO Tapes & Labels, Inc. (USA)
• Nitto Denko Corporation (Japan)
• Nitto Denko America, Inc. (USA)
• RPM International Inc. (USA)
• Saint-Gobain Performance Plastics Corporation (USA)
• Scapa Group, Plc. (UK)
• Sekisui Chemicals Co. Ltd. (Japan)
• Shurtape Technologies, LLC (USA)
• tesa SE (Germany)
• tesa Tape, Inc. (USA)
• Yem Chio Co. Ltd. (Taiwan)
• Zhejiang Yonghe Adhesive Products Co., Ltd. (China)

For more information about this report visit https://www.researchandmarkets.com/r/vvo63a

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