Acumen Research and Consulting has published a new report titled "Pressure Sensitive Tapes Market (By Product: Specialty tapes [Automotive, Aerospace, White goods, Electronics, Semiconductors, Electrical, Paper & printing, Construction, Medical, Hygiene, Retail & graphics, Others (Sports, defense, etc.)], Packaging tapes, Consumer tapes; By Technology: Specialty tapes [Hot melt, Water based, Solvent based, Radiation cured], Other tapes [Hot melt, Water based, Solvent based, Radiation cured]; By Backing Material: Specialty tapes [ Woven/Nonwoven, Polyvinylchloride (PVC), Polypropylene (PP), Polyethylene Terephthalate (PET), Foam, Metal, Others; By Adhesive Chemistry: Specialty tapes [Acrylic, Rubber, Silicone) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026". The worldwide pressure sensitive tapes market size is projected to register around USD 75.4 billion by 2026, this market is foreseen to develop with 4.1% CAGR during the forecast time period.
Rise in concerns with respect to car light pressuring over the globe have prompted expanded adoption of tapes through substitution of routinely utilized products, for example, clasp and glues.
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Expanding populace combined with quick urbanization and industrialization in rising economies is anticipated to incite governments to build their development spending so as to take into account rising framework needs. This, thusly, is foreseen to fuel the demand for pressure sensitive tapes in different development applications over the figure time frame.
Rising demand for transport is assessed to expand the creation abilities of flying machine makers, which can result in an expansion of agreements between material providers and producers. What's more, air ship substitution is relied upon to achieve 43.0% of the complete demand throughout the following 20 years, which can work up the demand for the product as it is fundamentally utilized in the generation of air ship insides and aeronautics.
Variances in raw material costs are an aftereffect of changes in unrefined petroleum costs and notably affect acquirement cost for makers, in this way antagonistically influencing the development of the market. Besides, sanctions forced on import of unrefined oils are probably going to impact the general oil costs, bringing about changes in raw materials costs.
The global pressure sensitive tapes market is segmented into product,technology, backing material, adhesive chemistry and region.On the basis product, the global pressure sensitive tapes market is segmented into specialty tapes, packaging tapes, and consumer tapes. Packaging tapes is segmented into Automotive, Aerospace, White goods, Electronics, Semiconductors, Electrical, Paper & printing, Construction, Medical, Hygiene, Retail & graphics, and Others (Sports, defense, etc.)On the basis technology, the global pressure sensitive tapes market is segmented into specialty tapes and other tapes.Both the technology sub-segment is segmented into Hot melt, Water based, Solvent based, and Radiation cured.On the basis backing material, the global pressure sensitive tapes market is segmented into specialty tapes. Specialty tapes is further segmented into Woven/Nonwoven, Polyvinylchloride (PVC), Polypropylene (PP), Polyethylene Terephthalate (PET), Foam, Metal, and Others. On the basis adhesive chemistry, the global pressure sensitive tapes market is segmented into Specialty tapes, which is further bifurcated into acrylic, rubber, and silicone. On the basis of region the global pressure sensitive tapes market is bifurcated into Europe, Latin America, North America, Middle East & Africa, and Asia Pacific.
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North America is anticipated to rise as the second-biggest market for pressure sensitive tapes after Asia Pacific over the estimate time frame. Hearty development of the medical sectors,electronics, automotive, and electricalareas in Mexico, which are the key end clients for these products, is foreseen to support product request over the gauge time frame.
The market in Europe is evaluated to advance at a CAGR of around 3.2% regarding an incentive amid a similar period. Surge demand for the product in the packaging business is required to goad the development of the provincial market in the coming years. Moreover, the supplanting of glues with tapes is probably going to emphatically impact the development of the market.
Asia Pacific was at the forefront of the worldwide market as far as both esteem and volume in 2017 because of prospering assembling industry with rising ventures from key producers. Nations including China, India, Japan, and South Korea are among the significant income givers in the provincial market. High creation of products and expanded fares are enhancing the development of the market in China.
Central and South America and the Middle East and Africa together held around 12.3% of the general volume in 2017. Low assembling capacity in MEA alongside fast monetary decrease in Central and South America is one of the key components hampering the development of the market in these regions.
Some of the main key players associated with the pressure sensitive tapes market are Zhejiang Yonghe Adhesive Products Company Limited, Avery Dennison Corporation, Shurtape Technologies, LLC, 3M Company, Scapa Group, Berry Plastics Corporation, LINTEC Corporation, American Biltrite Inc., Tesa SE, Jonson Tapes Limited, Advance Tapes International Limited, Adchem Corporation, Nitto Denko Corporation and Intertape Polymer Group.
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