May 11, 2020
Pressure Sensitive Tape Market Manufactures and Key Statistics Analysis 2027
Key Highlights:
- In terms of value, the global Pressure Sensitive Tapes market was stood around US$ 65.0 Bn in 2018 and is anticipated to expand at a CAGR of more than 6% from 2019 to 2027
- Based on product type, carton sealing tapes held a major share of the market in 2018 owing to increasing online retailing market and growing global cargo scenario
- On the basis of backing material, polypropylene was the major material used in pressure sensitive tape in 2018. It is accounted for more than 50% of the total Pressure Sensitive Tapes usage in 2018.It is projected to exhibit significant growth rate during the forecast period 2019 to 2027
- In terms of end-user industry, automotive was the dominant end-user industry accounted for more than 20% of the total Pressure Sensitive Tapes market in 2018. It is likely remain dominant application between 2019 and 2027
- Based on region, Asia Pacific held major share in 2018 and is expected to grow at significant rate of more than 7% compared to other region from 2019 to 2027. Strong economic growth in China and India followed by increase in online retailing where pressure sensitive tapes are majorly utilized is the major factor which drives the demand for pressure sensitive tapes in Asia Pacific
- North America and Europe are matured markets expected to exhibit moderate growth rate during the forecast period
- Growing urbanization, increase in global trade relation followed by increase in adoption of online retailing are the major factor which are anticipated to drive the global pressure sensitive tape demand in near future
Request a PDF Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=17087
Global Pressure Sensitive Tapes Market -Key Developments
- In 2018, Avery Dennison Corporation has introduced a new line of acrylic pressure sensitive adhesive (PSA) tapes which offers a high performance alternative to conventional bonding methods used to install resilient flooring is now available in North America
- The new line of acrylic PSA tapes makes life easier for flooring manufacturers, converters, builders, contractors and installers by eliminating cure time and simplifying the floorings’ installation
Global Pressure Sensitive Tapes Market: Competition Landscape
- The global pressure sensitive tape market features a highly fragmented competitive landscape with the presence of a large number of global and regional players. Some of the key players in the global pressure sensitive market are Nitto Denko Corporation, Lintec, Avery Dennison Corporation, Henkel AG & Company KGaA, 3M, Adchem Corporation, and Canadian Technical Tape Limited among others
Request COVID-19 Impact Analysis @ https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=17087