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Global Pressure Sensitive Plastic Tape Market Segments, Statistics, Growth, Size, Share, Trends, Analysis, Opportunities, by Backing Material (Paper, PVC, Polypropylene), Product (Masking, Carton Sealing, Electrical, Double-sided), Application (Healthcare, Packaging, Construction, Manufacturing) and Region u2013 Forecast to 2023
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Summary Global Pressure Sensitive Plastic Tape Market Segments, Statistics, Growth, Size, Share, Trends, Analysis, Opportunities, by Backing Material (Paper, PVC, Polypropylene), Product (Masking, Carton Sealing, Electrical, Double-sided), Application (Healthcare, Packaging, Construction, Manufacturing) and Region – Forecast to 2023 Pressure Sensitive Plastic Tape Market Overview Pressure sensitive tapes are broadly used for packaging, sealing, labelling, stationery, and other general-purpose applications. This kind of tapes are based on several pressure sensitive adhesives where adhesive is applied on one side or on both sides. Pressure sensitive tapes industry adhere to various surfaces with light pressure without the need for solvent, water, or heat to activate the adhesive present in them. They are generally termed as self-adhesive, sticky tape, or PSA tape and are used for wide-ranging purposes. Market Research Future (MRFR) has recently published an in-depth report on the global Pressure Sensitive Plastic Tape Market and has projected a CAGR of 6.1% over the forecast period of 2017-2023. Pressure sensitive tapes are highly versatile due to which the market has observed continued demand from diverse industries. These tapes are progressively replacing mechanical fasteners, screws, bolts, and nuts in mechanical operations. The automotive industry too is a key end-user for pressure sensitive tapes where they are used for joining interior parts and glass bonding. Request Free Sample Copy With TOC @ https://www.marketresearchfuture.com/sample_request/1620 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 •Avery Dennison Corporation are the key players in the Pressure Sensitive Tapes Market.
Industry News In June 2017, Avery Dennison Corporation, one of the major manufacturers and distributors of pressure sensitive adhesive materials has completed the acquisition of Yongle Tape Company Ltd. to manufacture specialty tapes and related products in a variety of industrial markets. The same year, in September 2017, Avery Dennison Corporation expanded its Kunshan Plant to meet the demand from pressure sensitive tapes. In November 2016, 3M Company developed Scotch Clean Removal Strapping Tape 8899HP to expand the product portfolio. Pressure Sensitive Tapes Market Segmentation The Pressure Sensitive Plastic Tape Market has been segmented based on backing material, product, and application. By backing material, the Pressure Sensitive Plastic Tape Market has been segmented into paper, PVC, polypropylene, and others. The polypropylene segment dominated the market in 2016 and is anticipated to retain its position over the forecast period. Superior properties of polypropylene such as moisture and chemical resistance, high impact and fatigue resistance, as well as resistance to electricity, boost its demand. The paper segment is expected to register the highest CAGR over the forecast period. Paper is a low-cost backing material due to which it experiences demand from diverse industries such as industrial, construction, and electronics. By product, the pressure sensitive kraft tape Market 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. By application, the Pressure Sensitive Plastic Tape Market 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 Plastic Tape Market 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 Plastic Tape Market 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 Plastic Tape Market. 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. TABLE OF CONTENT 1 Executive Summary 2 Scope Of The Report 2.1 Market Definition 2.2 Scope Of The Study 2.2.1 Definition 2.2.2 Research Objective 2.2.3 Assumptions 2.2.4 Limitations 2.3 Research Process 2.3.1 Primary Research 2.3.2 Secondary Research 2.4 Market Size Estimation 2.5 Forecast Model 3 Market Landscape 3.1 Porter’s Five Forces Analysis 3.1.1 Threat Of New Entrants 3.1.2 Bargaining Power Of Buyers 3.1.3 Bargaining Power Of Suppliers 3.1.4 Threat Of Substitutes 3.1.5 Segment Rivalry 3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics 4.1 Introduction 4.2 Market Drivers 4.3 Market Restraints 4.4 Market Opportunities 4.5 Market Trends Continues..... List Of Tables Table 1 Global Pressure Sensitive Adhesives Market: By Region, 2017-2023 Table 2 North America Pressure Sensitive Adhesives Market: By Country, 2017-2023 Table 3 Europe Pressure Sensitive Adhesives Market: By Country, 2017-2023 Table 4 Asia-Pacific Pressure Sensitive Adhesives Market: By Country, 2017-2023 Table 5 RoW Pressure Sensitive Adhesives Market: By Country, 2017-2023 Table 6 Global Pressure Sensitive Adhesives Market By Backing Material , By Regions, 2017-2023 Continues…. List Of Figure FIGURE 1 RESEARCH PROCESS OF MRFR FIGURE 2 TOP DOWN & BOTTOM UP APPROACH FIGURE 3 Market Dynamics FIGURE 4 Impact Analysis: Market Drivers FIGURE 5 Impact Analysis: Market Restraints FIGURE 6 Porter’s Five Forces Analysis Continues.... Access Full Report With Complete TOC @ https://www.marketresearchfuture.com/reports/pressure-sensitive-tapes-market-1620 About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. Contact Market Research Future Office No. 528, Amanora Chambers Pune – 411028 Maharashtra, India Phone: +1 628 258 0071 Email: sales@marketresearchfuture.com