Hexa Research
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Use of biodegradable material for the manufacturing of these pressure sensitive tapes
can fuel market growth during the forecast period. Moreover, superior features like easy
handling and processing is likely to stimulate industrial development.
Development of newer specialty electrically conductive adhesive tapes for
telecommunications equipment can exhibit immense potential in the coming seven
years. The pressure sensitive tape market is divided into applications, backing material,
product, and geographies.
On the basis of applications, the market is split into automotive, building & construction,
electrical & electronics, health & hygiene, packaging, and others. Packaging held the
largest segment in 2015. It is expected to continue an upward trend, owing to its low
carbon footprint and biodegradability.
Backing material comprise of polypropylene, paper, PVC, and others. Polypropylene
can witness rapid growth at over 6% CAGR till 2024. The growth can be attributed to
his cost efficiency, high-tear resistance in mid-direction & cross-direction, and well
balance technology. PVC is likely to show a considerable growth due to its eco -friendly
properties.
Products encompass carton sealing tape, double-sided tape, electrical tape, masking
tape, and others. Cartons sealing tape held over 60% of global volume share in 2014.
The growth can be attributed to the recyclability and reusability. Double sided tape is
likely to exhibit a growth till 2024.
North America, Latin America, Europe, the Middle East & Africa (MEA), and Asia
Pacific, are the geographical segmentations of the pressure sensitive tape industry.
Asia Pacific market dominated the global demand with over USD 21 billion in 2015. It is
likely to continue dominating the market owing to the growing demand for food &
beverages sector in.
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