The Pressure Sensitive Adhesive (PSA) tapes market is expected to grow at a CAGR of 6.22% between 2017 and 2022.
The PSA tapes market is expected to grow from an estimated USD 50.12 billion in 2017 to USD 67.76 billion by 2022, at a CAGR of 6.22% between 2017 and 2022. Significant growth has been observed in end-use industries such as packaging, electrical & electronics, medical & hygiene, construction, transportation, and consumer & office which is expected to fuel the growth of the PSA tapes market due to the ease of use for these applications and their wide availability.
Among backing materials, the paper PSA tapes segment is expected to lead the PSA tapes market.
In the automotive industry, increasing government regulations for manufacturing lightweight vehicles have propelled the demand for paper PSA tapes due to its lightweight feature. Moreover, consumer also prefer paper PSA tapes due to it being a low-cost product. Due to these factors, PSA tapes find high growth opportunities in the industrial, electronics, and construction sectors.
The electrical & electronics end-use industry segment of the PSA tapes market is expected to grow at the highest CAGR during the forecast period.
Among end-use industries, the electrical & electronics segment of the PSA tapes market is expected to grow at the highest CAGR from 2017 to 2022. As PSA tapes are antistatic adhesive tapes, they are useful for attaching surface-mount components at points on printed circuit board. These tapes are used in the manufacture of many consumer electronics devices, such as mobile phones and camera. They find various applications in electrical interconnection and assembly.
The Asia Pacific PSA tapes market is expected to grow at the highest CAGR during the forecast period.
PSA tapes are finding various applications in various end-use industries in the Asia Pacific region. Among regions, Asia Pacific is expected to be the fastest-growing PSA tapes market. This growth is also attributed to the high-growth economies such as China, India, Taiwan, and other smaller countries, such as Indonesia, Vietnam, and Malaysia. China is the leading market in terms of the demand for PSA tapes in Asia Pacific.
Breakup of primary interviews:
• By Company Type: Tier 1 – 50%, Tier 2 – 25%, and Tier 3 – 25%
• By Designation: D-level – 42%, C-level – 16%, and Others – 42%
• By Region: North America – 17%, Europe – 33%, Asia Pacific – 42%, South America and Middle East & Africa – 8%
3M Company (US), Nitto Denko Corporation (Japan), Tesa SE (Germany), Lintec Corporation (Japan), Intertape Polymer Group, Inc. (Canada), and Avery Dennison Corporation (US) are the key players operating in the PSA tapes market.
This report provides a detailed segmentation of the PSA tapes market on the basis of resin type, type, category, backing material, end-use industry, and region. Based on backing material, the market has been segmented into polypropylene, paper, PVC, and others. With respect to resin type, the market has been segmented into acrylic, rubber, and silicone based PSA tapes. Based on end-use industry, the market has been segmented into medical & hygiene, packaging, electrical & electronics, construction, transportation, and consumer & office. Based on region, the market has been segmented into Asia Pacific, Europe, North America, South America, and Middle East & Africa.
Reasons to Buy the Report
From an insight perspective, this research report has focused on various levels of analyses—industry analysis (industry trends), competitive landscape analysis of top players in the PSA tapes market, and company profiles. These insights together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the PSA tapes market, high-growth regions, and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on PSA tapes offered by the top players in the PSA tapes market
Product Development/Innovations: Detailed insights on the upcoming technologies, research & development activities, and new product launches in the PSA tapes market
Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the market for PSA tapes across varied regions
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the PSA tapes market
Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the PSA tapes market