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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.
Key global players of the pressure sensitive tape market are 3M, Lintec and Nitto Denko Corporation,
ABI Tape Products, and Jonson Tapes Limited. A double-sided high performance acrylic tape was
introduced by Saint-Gobain was launched early 2014.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/plastics-polymers-
and-resins-industry
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