Our latest research report entitled Pressure Sensitive Tapes Market (by product (carton sealing, masking, double-sided, specialty tape), backing material (polypropylene (PP), paper, polyvinyl chloride (PVC), end-user (food & beverage, electrical & electronics, automotive, healthcare)) provides complete and deep insights into the market dynamics and growth of Pressure Sensitive Tapes. The latest information on market risks, industry chain structure Pressure Sensitive Tapes cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Pressure Sensitive Tapes growth factors.
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Demand for Pressure Sensitive Tapes is Growing Rapidly
Pressure-sensitive tapes are largely used for packaging, sealing, labeling, stationery, and other general-purpose applications. These tapes are based on several pressure-sensitive adhesives where the adhesive is applied on one side or both sides. These pressure-sensitive tapes can be easily put on any surface by applying slight mechanical or manual pressure. A standardization of adhesive bonding as an established assembly method for smartphones, tablets, electronic wearables, and other mobile devices are key trends that influence the growth of the market. A small form factor for these devices and the limited feasibility of welding, threated fresheners, and other thermal and mechanical assembly methods are helping spur demand for the fresher sensitive tapes.
Increase the government’s construction spending in order to cater to rising infrastructure needs is the major driving factor for the pressure-sensitive tapes market. The demand for pressure-sensitive tapes is growing rapidly due to growing demand from the automotive industry. Furthermore, factors such as growing use of pressure-sensitive tapes in diverse end-use industries, high demand in Asia-Pacific, and wide acceptance due to the ease of applicability of pressure-sensitive tapes are other driving factors for the market growth.
The increasing adoption of the products in numerous applications across the electronic devices and the automotive sector is boosting the growth of the market. However, increasing raw material prices is restraining the growth of the market. Moreover, more investments by key players in the research and development activities for the development of innovative products are expected to provide growth opportunities to the market players.
Asia-Pacific Dominates the Global Pressure Sensitive Tapes Market
Geographically, Asia-Pacific dominates the global pressure sensitive tapes market owing to the thriving manufacturing sector and presence of major manufacturers in the electronics, automotive, and medical industries in the region. The countries such as China, Indonesia, Thailand, and Japan are the major contributor in the Asia-Pacific market. China holds the largest share of the regional market due to the high demand from the consumer goods industry.
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Report on Global Pressure Sensitive Tapes Market Covers Segments such as Product, Backing Material, and End-User
On the basis of product, the sub-markets include carton sealing tape, masking tape, double-sided tape, and specialty tape. On the basis of backing material, the sub-markets include polypropylene (PP), paper, polyvinyl chloride (PVC), and other backing material. On the basis of end-user, the sub-markets include food & beverage, building & construction, electrical & electronics, automotive, and healthcare.
The report provides profiles of the companies in the market such as Nitto Denko Corporation, 3M Company, Avery Dennison Corporation, Nichiban Co., Ltd., Scapa Group PLC, Shurtape Technologies, LLC, Lintec Corporation, Intertape Polymer Group, Inc., Lohmann GmbH & Co. Kg, Tesa SE, and other companies.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/chemical-material/global-pressure-sensitive-tapes-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Pressure Sensitive Tapes.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.