Dublin, Feb. 23, 2024 (GLOBE NEWSWIRE) -- 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.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 306 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $62.6 Billion |
| Forecasted Market Value (USD) by 2030 | $83.5 Billion |
| Compound Annual Growth Rate | 3.7% |
| Regions Covered | Global |
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/ex2cjm
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