Global Pressure Sensitive Adhesive Tape Market, By Technology (Water-Based, Radiation Cured, Solvent-Based, Hot Melt), Type (Single-Coated Tapes or Single-Sided Tapes, Double-Coated Tapes, Transfer Tapes or Unsupported Tapes, Self-Wound Tape), Resin Type (Acrylic, Rubber, Silicone, Other Resin Types), Backing Material (Polypropylene (PP), Paper, Polyvinyl Chloride (PVC), Others), Category (Commodity Tapes, Specialty Tapes), End-Use Industry (Packaging, Electrical and Electronics, Medical and Hygiene, Construction, Transportation, Consumer and Office, and Others) - Industry Trends and Forecast to 2030.
Pressure Sensitive Adhesive Tape Market Analysis and Size
Usage of pressure sensitive adhesive tape in the packaging sector is responsible to the growth of the global pressure sensitive adhesive tape market in the forecast period of 2023 to 2030. Also, increasing use in automotive industry is significantly contributing to the market’s growth. Moreover, the rising increasing funds for advancement in technology will boost various new opportunities which will push the growth of the pressure sensitive adhesive tape market in the above mentioned forecast period.
Data Bridge Market Research analyses that the global pressure sensitive adhesive tape market value was USD 11.05 billion in 2022, and is expected to reach USD 17.88 billion by 2030, growing at a CAGR of 6.20% during the forecast period of 2023 to 2030. In 2023, “water-based” segment is expected to dominate the market due to rising demand by packaging industry which are expected to drive the growth of global pressure-sensitive adhesives market. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Pressure Sensitive Adhesive Tape Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Technology (Water-Based, Radiation Cured, Solvent-Based, Hot Melt), Type (Single-Coated Tapes or Single-Sided Tapes, Double-Coated Tapes, Transfer Tapes or Unsupported Tapes, Self-Wound Tape), Resin Type (Acrylic, Rubber, Silicone, Other Resin Types), Backing Material (Polypropylene (PP), Paper, Polyvinyl Chloride (PVC), Others), Category (Commodity Tapes, Specialty Tapes), End-Use Industry (Packaging, Electrical and Electronics, Medical and Hygiene, Construction, Transportation, Consumer and Office, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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3M (U.S.), Intertapes Polymer Group (Canada), Nitto Denko Corporation (Japan), Tesa Tapes (India) Private Limited (India), Advance Tapes International (U.K.), Avery Dennison Corporation (U.S.), TOYOCHEM Co. Ltd. (Japan), UltraTape (U.S.), NICHIBAN Co., Ltd. (Japan), Scapa Group Ltd. (U.K.), Shurtape Technologies, LLC (U.S.), DermaRite Industries, L.L.C. (U.S.), C.C.T. (Coating & Converting Technologies, L.L.C. (U.S.), Berry global Inc. (U.S.), Cintas Corporation (U.S.), Mercator Medical S.A. (Cyprus), Lohmann GmbH & Co. K.G. (Germany)
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Market Opportunities
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Market Definition
Pressure-sensitive adhesives (PSA) tapes are a type of adhesive tape that adheres to surfaces when pressure is applied, without the need for heat, solvent, or water activation. These tapes are designed to stick to a wide range of surfaces, including paper, plastic, metal, glass, and more. They are widely used in various industries and everyday applications due to their convenience and versatility.
Global Pressure Sensitive Adhesive Tape Market Dynamics
Drivers
- Increasing Demand in Packaging Industry
Pressure sensitive adhesive tape are extensively used in the packaging sector. For instance, this tape is used to pack boxes containing fragile products. This tape will remain stick and intact till it reaches to destination without being remove at any point during transportation. Besides, some types of solvents based pressure sensitive adhesive tape can be used in combination with this type of tape, which can make the sealing airtight in containers. The high demand of pressure sensitive adhesive tape in packaging industry are expected to drive the growth of the global market.
- Highly used in Automotive Sector
Rising demand for low emission and lightweight automotive are expected to drive the growth of global pressure sensitive adhesives market. Polymer-based and hot adhesives are mostly used for panel trim and laminations in the automotive sector. Rising awareness regarding the low weight vehicles with lower emissions and increased fuel efficiency is further anticipated to drive the demand for pressure sensitive adhesives tape in the market.
Opportunity
- Increase the demand of Bio-Based Pressure Sensitive Adhesives
The demand for bio-based pressure sensitive adhesives is expected to deliver new opportunities during the forecast period of 2023 to 2030. The rise in demand for sustainable solutions worldwide has created a need for bio-based pressure sensitive adhesives. Bio-based pressure sensitive adhesives are compatible with traditional production techniques such as conventional emulsion and mini-emulsion polymerization and thus can be easily manufactured.
Furthermore, the, increasing funds for advancement in technology will further increase several opportunities which will lead to the growth of the pressure sensitive adhesive tape market in upcoming years.
Restraints/Challenges
- Fluctuation in the Price of Raw Materials
Volatility in cost of raw materials is expected to restrain the growth of the pressure sensitive adhesives market. The growth of global pressure sensitive adhesives market is restricted due to the escalation in price of raw materials which required for the production of pressure sensitive adhesive tape.
- Stringent Rules regarding Manufacture of Pressure Sensitive Adhesives Tape
Strict rules and regulation regarding the manufacture of pressure-sensitive adhesives as it various health issues and exhibit recycling is anticipated to hinder the market growth rate. This factor is limiting the adoption of the pressure-sensitive adhesives in several industries, thus impeding the market growth rate.
This global pressure sensitive adhesive tape market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global pressure sensitive adhesive tape market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In February 2020, Henkel Adhesives Technologies had opened its new manufacture facility in Kurkumbh, India, which is near Pune. The unit goals to offer the rising demand for high-performance solutions in sealants, adhesives, and surface treatment products in Indian industries. Designed as a smart factory, the new plant will also help to and meet the highest standards for sustainability and extensive range of Industry 4.0 operations
Global Pressure Sensitive Adhesive Tape Market Scope
The pressure sensitive adhesive tape market is segmented on the basis of technology, type, resin type, backing material, category and end-use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
- Water-Based
- Radiation Cured
- Solvent-Based
- Hot Melt
Type
- Single-Coated Tapes or Single-Sided Tapes
- Double-Coated Tapes
- Transfer Tapes or Unsupported Tapes
- Self-Wound Tape
Resin Type
- Acrylic
- Rubber
- Silicone
- Other Resin Types
Backing Material
- Polypropylene (PP)
- Paper
- Polyvinyl Chloride (PVC)
- Others
Category
- Commodity Tapes
- Specialty Tapes
End-Use Industry
- Packaging
- Electrical and Electronics
- Medical and Hygiene
- Construction
- Transportation
- Consumer and Office
- Others
Global Pressure Sensitive Adhesive Tape Market Regional Analysis/Insights
The global pressure sensitive adhesive tape market is analysed and market size insights and trends are provided by country, technology, type, resin type, backing material, category and end-use industry as referenced above.
The countries covered in the global pressure sensitive adhesive tape market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Asia-Pacific dominates the global pressure sensitive adhesive tape market due to the growing application of tapes in several end-use industries such as construction, transportation, packaging, medical and healthcare, and others in this region.
North America will continue to project the highest compound annual growth rate in the global pressure sensitive adhesive tape market for period of 2023 to 2030, due to increase in demand for construction chemicals consequently which increases the demand of global pressure sensitive adhesives in this region.
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Pressure Sensitive Adhesive Tape Market Share Analysis
The global pressure sensitive adhesive tape market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global pressure sensitive adhesive tape market.
Some of the major players operating in the global pressure sensitive adhesive tape market are:
- 3M (U.S.)
- Intertapes Polymer Group (Canada)
- Nitto Denko Corporation (Japan)
- Tesa Tapes (India) Private Limited (India)
- Advance Tapes International (U.K.)
- Avery Dennison Corporation (U.S.)
- TOYOCHEM Co. Ltd. (Japan)
- UltraTape (U.S.)
- NICHIBAN Co., Ltd. (Japan)
- Scapa Group Ltd. (U.K.)
- Shurtape Technologies, LLC (U.S.)
- DermaRite Industries, L.L.C. (U.S.)
- C.C.T. (Coating & Converting Technologies, L.L.C. (U.S.)
- Berry global Inc. (U.S.),
- Cintas Corporation (U.S.)
- Mercator Medical S.A. (Cyprus)
- Lohmann GmbH & Co. K.G. (Germany)
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