Skip to main content

Pressure Sensitive Tape Market Segment And Industry Forecasts Till, 2014 - 2025: Million Insights

Global Pressure Sensitive Tape Market is anticipated to reach USD 69.26 billion over the forthcoming period. Pressure sensitive tapes are also known as “PSA Tape”, or “Adhesive Tape”. Pressure sensitive tape is an adhesive tape that could be stuck with application of pressure, without the solvent (such as heat or water) for initiation. It is mainly used in the institutions, industry, office, home for several purposes.

The factors that propel the growth of the Pressure Sensitive Tape industry include increasing demand for Box/sealing, extensively used for packaging, labelling, sealing, electric insulation, general-purpose, and stationery applications. On the other hand, there are factors that may hamper the growth of the market including severer rules concerning solid waste disposable. Pressure Sensitive Tape Market is anticipated to grow at a significant CAGR of 6.1% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Download Free Sample  - https://www.millioninsights.com/industry-reports/pressure-sensitive-tape-market/request-sample

Pressure Sensitive Tape industry may be explored by backing material type, product type, application and geography. The market may be explored by backing material type as PVC, Polypropylene, Paper, and Others. The “Polypropylene” segment led the Pressure Sensitive Tapes Market in 2016 and is anticipated to maintain its dominance by 2022 due to cost effectiveness, high-tear resistance in mid-direction & cross-direction, and well stability skill.

The key application that could be explored in the market include Building & construction, Packaging, Electrical & electronics, Health & hygiene, Automotive, and Others. The “Packaging” segment led the pressure sensitive tape industry in 2015 and is anticipated to maintain its dominance by 2022 due to its biodegradability and low carbon footprint. The industry could be explored based on product type as Masking Tape, Electrical Tape, Carton sealing Tape, Double sided Tape, and Others.

North America accounted for the major share of the Pressure Sensitive Tape Market Size in 2015 and will continue to lead in the forecast period. The factors that could be attributed to the growth includes rising building activities in the US and organization growth in Canada and Mexico. Additionally, development in the US food & beverages segment is expected to drive the demand in the forecast period. North America is followed by Asia-Pacific.

Some of the key players that fuel the growth of the Pressure Sensitive Tapes industry comprise3M, Kruse Adhesive Tape, Vibac Group S.p.a., Nitto Denko Corporation, H.B.Fuller, tesa SE, LINTEC Corporation, Surface Shields, Saint-Gobain, CCT Tapes, NICHIBAN CO., LTD, Advance Tapes International, Scapa Group plc., Lohmann GmbH & Co.KG., CMS Group of Companies. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Comments

Post a Comment

Popular posts from this blog

Barrier Systems Market Share Till, 2020-2027

The global barrier systems market size is expected to reach USD 24.5 billion by 2025, registering a CAGR of 9.8% from 2020 to 2025, according to a new report by Grand View Research, Inc. The growth can be attributed to their increasing use in commercial, residential, and high-end security applications. Moreover, these solutions enable access to vehicles and pedestrians at crossing points to avoid accidents, thereby increasing their adoption. Download free Sample @  https://www.radiantinsights.com/research/barrier-systems-market/request-sample Numerous vendors offer high-security barrier solutions, which are used in vehicle access control systems to protect critical infrastructure and stop projectile impacts. Furthermore, barrier systems include trigger loops and timers to help reduce traffic congestion. The monitoring and access control solutions ensure that property and assets are protected from thieves. Increasing consumer preference for residential safety and security is...
Post a Comment
Read more

What are the key regional markets in the global Instrument Panel industry?

The 'Global and Chinese Instrument Panel Industry, 2012-2022 Market Research Report' is a professional and in-depth study on the current state of the global Instrument Panel industry with a focus on the Chinese market. The report provides key statistics on the market status of the Instrument Panel manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. Click For Request Sampe -  https://www.radiantinsights.com/research/global-and-chinese-instrument-panel-industry-2017-market/request-sample Firstly, the report provides a basic overview of the industry including its definition, applications and manufacturing technology. Then, the report explores the international and Chinese major industry players in detail. In this part, the report presents the company profile, product specifications, capacity, production value, and 2012-2017 market shares for each company. Through the statistical analysis, the report depic...
Post a Comment
Read more

Machine Learning Market Size And Industry Forecasts Till, 2020-2027

The global machine learning market size is expected to reach USD 96.7 billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 43.8% from 2019 to 2025. Download Free Request Sample @  https://www.radiantinsights.com/research/machine-learning-market/request-sample Production of massive amounts of data has increased the adoption of technologies that can provide a smart analysis of that data. Technologies such as Machine Learning (ML) are being rapidly adopted across various applications in order to automatically detect meaningful patterns within a data set. Software based on ML algorithms, such as search engines, anti-spam software, and fraud detection software, are being increasingly used, thereby contributing to market growth. The rapid emergence of ML technology has increased its adoption across various application areas. It provides cloud computing optimization along with intelligent voice assistance. In hea...
Post a Comment
Read more