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Pressure-sensitive adhesive tape, also called PSA is an adhesive tape with a relatively thin flexible material having a single or double-sided coating. These tapes are generally blends of natural or synthetic rubber and resin, acrylic, silicone, or other polymer systems. They are based on many kinds of pressure-sensitive adhesives wherein adhesive is applied on one side or both sides depending upon the tape. They can be easily incorporated into any surface by applying slight pressure, either mechanically or physically. Pressure-sensitive adhesive tapes are designed to deliver engineered assembly solutions for widespread industrial applications, such as packaging, sealing, labeling, electrical insulation, and stationery. The global pressure-sensitive adhesive tapes market is estimated and forecasted in terms of revenue (USD million) generated by the global market. The global pressure-sensitive adhesive tapes market is gaining outstanding growth due to the increasing use of pressure-sensitive adhesive tapes in diverse applications such as automotive, building & construction, consumer & office, electrical & electronics, etc. Moreover, wide acceptance due to ease of applicability of pressure-sensitive adhesive tapes is fuelling the market growth. Furthermore, the overall market is also being propelled by swiftly increasing demand from emerging countries such as China and India. These countries are the major markets for pressure-sensitive adhesive tapes in the APAC region, these countries have a strong manufacturing infrastructure, which propels the market growth. However, the global pressure-sensitive adhesive tapes market is hampered by volatility in raw material prices.
Rapid urbanization and industrialization in emerging economies coupled with a rising population are projected to prompt governments to increase their construction spending to cater to increasing infrastructure needs. Over the projected period, this is expected to further fuel the need for pressure-sensitive adhesive tapes in a variety of building applications. Rising transportation demand will increase aircraft manufacturers’ production capacities, which will result in an extension of contracts between manufacturers and material suppliers. Additionally, since the commodity is largely utilized in the manufacture of aircraft interiors and avionics, aircraft replacement is predicted to account for 43% of overall demand over the next 20 years. Demand for lightweight and low-emission vehicles is fueling the expansion of the pressure-sensitive adhesive tape market. In the automotive industry, hot adhesives and polymer-based adhesives are mostly utilized for panel lamination and trim. The demand for such adhesives from the automobile industry is also anticipated to expand as people become more conscious of low-weight vehicles, improved fuel economy, and reduced pollution. Hence, the rising demand for fuel-efficient vehicles is expected to fuel the market’s growth.
Potential market prospects are anticipated as a result of the increased development of bio-based pressure-sensitive adhesives in response to growing environmental concerns. PSAs tapes made from biomaterials have less of an impact on the environment as they produce less carbon dioxide. They can compete with petroleum-based adhesives made from starch, soy, and vegetable oils. Additionally, bio-derived polyols from soybeans are used in the production of PSAs. Hence, the growing development of bio-based PSAs is expected to provide lucrative opportunities for the market’s key players.
The materials used for pressure-sensitive adhesive tapes have environmental implications, which are anticipated to limit the market expansion. Both aquatic and terrestrial species could be threatened by the material used to make PSA. Thus, it is anticipated that rising environmental concerns will impede market expansion. Since pressure-sensitive adhesives have recycling and other health hazards. Strict restrictions and regulations related to their production are predicted to hamper the market during the forecast period. This factor is limiting the adoption of the PSAs across various industries, restraining the market in the projected year.
Changes in crude oil prices cause fluctuations in the price of raw materials, which have a significant impact on manufacturers’ procurement costs and market expansion. Additionally, restrictions placed on the import of crude oil are expected to have an impact on market oil prices. The number of substitutes, such as adhesives, sealants, and fasteners. Moreover, utilization of the aforementioned products for bonding across various end-use industries is also a challenge for the market key players.
The report provides an in-depth analysis of the Global Pressure Sensitive Adhesive Tapes Market, including market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. Rapid industrialization & urbanization and rising demand for lightweight & low emission automobiles are attributed to the market’s growth.
Global pressure-sensitive adhesive tapes market based on resin type, type, backing substrate, end-use industry, and geography. Based on resin type, this market is segmented into acrylic, rubber, silicone, and others (ethylene-vinyl acetate (EVA), butyl, etc.). Among all resins, the silicone-based resin accounted for the largest share of the pressure-sensitive adhesive tapes market. Silicone-based pressure-sensitive adhesive tapes uphold adhesion at a high-temperature range and can adhere to difficult surfaces, thus driving segment growth. Based on type, the global pressure-sensitive adhesive tapes market is alienated into single-coated tapes or single-sided tapes, double-coated tapes, transfer tapes or unsupported tapes, and self-wound tapes. The double-coated tapes held the largest market share and are anticipated to flourish at a lucrative rate owing to advantages such as multi-functioning and ease of use. Based on the backing substrate, the pressure-sensitive adhesive tapes market is segmented into paper, polypropylene, polyvinyl chloride (PVC), and others (foam, cloth, metal, polyethylene terephthalate (PET), polyethylene (PE), etc.). Among various substrates, the paper segment held the largest share of the market, due to various advantages offered by them including low cost, high elongation, and permanent bonding solutions. Furthermore, based on end-use industry, this market is categorized into automotive, building & construction, consumer & office, electrical & electronics, healthcare, packaging, paper & printing, retail, and others (defense, food & beverage, wind energy, solar energy, sports, and aerospace). Among these, the healthcare segment is anticipated to grow at the highest CAGR, chiefly due to the growing usage of pressure adhesive tapes on surgical containers, monitoring electrodes, and other medical devices. By geography, the global pressure-sensitive adhesive tapes market is studied across the countries of key regions such as North America, Europe, Asia Pacific, and the Rest of the World. The Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. The demand for pressure-sensitive adhesive tapes is increasing in emerging markets such as China and India, due to robust growth of infrastructure, rising disposable income, and availability of raw materials.
| Market Sizing for Year: | 2019-2028 |
| Base Year: | 2021 |
| Forecast Period: | 2022-2028 |
| Value: | USD
Million |
| Market Segment studied: | Resin Type Type Backing Substrate End User |
| Market Players and its Competitors: | 3M Company Avery Dennison Corporation H.B.Fuller Intertape Polymer Group, Inc. K.L. & Ling NICHIBAN CO., LTD. Lintec Corporation Lohmann GmbH & Co. Kg Nichiban Co. Ltd. Nitto Denko Corporation Saint-Gobain Scapa Group Plc Shurtape Technologies, LLC |
FREQUENTLY ASKED QUESTIONS
What are the drivers for the Pressure Sensitive Adhesive Tapes Market?
The key driving factors of the market are increasing industrialization and globalization.
Which is the leading end-user for Pressure Sensitive Adhesive Tapes Market?
Automotive Industries has accounted for the major market share and is expected to witness growth at the highest pace during the forecast period.
Which region is gaining a majority of market share during the forecast period (2022-2028)?
Asia Pacific is expected to dominate the Pressure Sensitive Adhesive Tapes market during the forecast period (2022-2028).
