The research study conducted by Report Ocean on the “ Pressure Sensitive Adhesive Tapes Market ” spans over 100+ pages and delves into various facets of this market. It analyses the business strategies adopted by emerging industry players, examines the geographical scope, dissects market segments, evaluates the product landscape, and investigates price and cost structures. This research report facilitates market segmentation based on the latest Market trends, geographical market, and technological advancements. Each section of the report is meticulously prepared to scrutinize key aspects of the market. Moreover, it includes a detailed analysis of current applications, comparing them while focusing on opportunities, threats, and conducting a competitive analysis of major companies.
Global Pressure Sensitive Adhesive Tapes Market is valued at approximately USD 60.30 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.9% over the forecast period 2022-2029. Pressure Sensitive Adhesive Tape is also commonly known as PSA, Self-Adhesive, or Self-Stick Adhesive. It is a significant subcategory of adhesive tapes and is a single- or double-sided coated, generally thin, flexible substance. These are created using a mix of liners, carriers, and adhesives. The adhesives can bond or connect to surfaces or other elements to create adhesion. These are utilized in the bonding of foams, metals, plastics, wood, and glass. Factors such as the high acceptance of pressure-sensitive adhesive tapes because of the ease of applicability, increasing industrialization, coupled with the growing use of PSA tapes in diverse end-use industries are fueling the market demand across the globe.
Request To Download Free Sample of This Strategic Report @https://reportocean.com/industry-verticals/sample-request?report_id=bw6618
The exponential growth of the automotive industry is bolstering the market growth as these tapes help in enhancing the speed of the automotive and provide better performance in assembly lines compared to other fastening alternatives. According to Statista, the worldwide automotive industry generates revenue of USD 5,315 billion in 2017. Also, the amount is projected to increase and reach USD 8,931 billion by 2030. Therefore, the surging adoption of pressure-sensitive adhesive tapes in the automotive industry is augmenting the growth of the market. Moreover, the rising Introduction of innovative products, as well as the advancement in PSA tape technology are presenting various lucrative opportunities over the forecasting years. However, the fluctuations in raw material availability and stringent regulations reshaping PSA tapes are hampering the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Pressure Sensitive Adhesive Tapes Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific dominated the market in terms of revenue, owing to the thriving growth of the end-use industries, emerging economies, and increasingly used in construction activities. Whereas, Europe is also expected to grow at a significant rate during the forecast period, owing to factors such as high demand from packaging applications and rising production of different electronic devices in the market space.
Major market players included in this report are:
Tesa SE
3M
Nitto Denko
LINTEC Corporation
Henkel
Berry Plastics
Intertape Polymer
The Dow Chemical Company
Arkema Group
Sika AG
Recent Developments in the Market:
In February 2020, Henkel Adhesives Technologies declared that the company established its new production facility in Kurkumbh, India, which aims on meeting the demand for high-performance solutions in adhesives, sealants, and surface treatment products in Indian industries. The new plant also helps in fulfilling the highest standards for sustainability and with an extensive range of Industry 4.0 operations.
Global Pressure Sensitive Adhesive Tapes Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Resin Type, Backing Material, End-Use Industry, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also cater detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Resin Type:
Acrylic
Silicone
Rubber
Others
By Backing Material:
Polypropylene
Paper
PVC
Others
By End-Use Industry:
Packaging
Electrical & Electronics
Medical & Hygiene
Construction
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Key Questions Answered in the Market Report:
• How did the COVID-19 pandemic have an impact on the adoption of via a range of pharmaceutical and existence sciences companies?
• What is the outlook for the affect market all through the forecast length 2023-2032?
• What are the key developments influencing the have an impact on market? How will they have an impact on the market in short-, mid-, and long-term duration?
• What is the give up person appreciation toward?
• What are the key elements impacting the have an effect on market? What will be there have an impact on in short-, mid-, and long-term duration?
• What are the key possibilities areas in the influence market? What is their workable in short-, mid-, and long-term duration?
• What are the key techniques adopted via groups in the have an effect on market?
• What are the key utility areas of the influence market? Which utility is predicted to keep the very best increase attainable all through the forecast duration 2023-2033?
• What is the favoured deployment mannequin for the impact? What is the boom conceivable of quite a number deployment fashions existing in the market?
• Who are the key cease customers of pharmaceutical quality? What is their respective share in the affect market?
• Which regional market is predicted to maintain the easiest boom possible in the have an impact on market at some stage in the forecast length 2023-2032?
• Which are the key gamers in the have an impact on market?
Growth Hampering Factors in the Market:
- Environmental regulations: Stricter environmental regulations on the production and use of fossil fuels can limit the availability and use of traditional market.
- Safety concerns: Safety concerns regarding the storage and transportation of can limit their use.
- Supply chain disruptions: Disruptions in the global supply chain due to natural disasters, pandemics, or other factors can impact the availability and cost of market.
- Security concerns: Security concerns regarding the transportation and storage of market can limit their use and availability.
- Technological obsolescence: Advances in technology can make existing systems obsolete, leading to reduced demand.
- Competition from alternative fuels: The development of alternative fuels such as biofuels and hydrogen-based fuels can compete with traditional market.
- Volatility in oil prices: Fluctuations in oil prices can affect the cost of market, making it difficult for industry players to predict and plan for costs.
- Economic downturns: Economic downturns can result in reduced demand for air travel and air cargo transportation, leading to a reduction in demand for market.
- Geopolitical tensions: Political instability and tensions between nations can impact the global supply chain for market, leading to supply disruptions and price fluctuations.
Request full Report
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean is the world’s leading research company, known for its informative research reports. We are committed to providing our clients with both quantitative and qualitative research results. As a part of our global network and comprehensive industry coverage, we offer in-depth knowledge, allowing informed and strategic business conclusions to report. We utilize the most recent technology and analysis tools along with our own unique research models and years of expertise, which assist us to create necessary details and facts that exceed expectations.