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Global Pressure Sensitive Tapes Market to Grow at 6.7% CAGR through 2024

Press release Description

Albany, New York, March 27, 2018: A new insightful study titled “Pressure Sensitive Tapes – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024” has recently been added to the repository of Market Research Reports Search Engine (MRRSE). The pressure sensitive tapes market is likely to grow at a CAGR of 6.7% during the assessment period.

This comprehensive report offers a detailed overview of the global pressure sensitive tapes market. An analysis on the key factors that are driving growth has been included for the perusal of readers. The challenges faced by manufacturers, along with growing spate of opportunities and trends in this market are also included in the report.

According to the report, steady demand for pressure sensitive tapes from packaging, automotive, and construction industry is likely to drive the growth of the market during the assessment period. The resurgence in the construction sector, along with steady growth of the automotive industry is likely to provide an impetus to growth during the assessment period.

The report segments the global pressure sensitive tapes market into end user, backing material, product and region. The end user segment is further sub-segmented into healthcare, automotive, electrical & electronics, building & construction and food & beverage. The backing material segment is categorized into polyvinyl chloride, paper, polypropylene and others. On the basis of product segment, the global market is divided into specialty tape, double sided tape, masking tape and cartoon sealing tape. Geographically, the market is divided into key regions globally which are North America, Latin America, Europe, Asia Pacific and Middle East & Africa.

On the basis of product type, carton sealing tape is likely to remain as the leading segment globally. This segment accounted for over 60% revenue share of the market in terms of volume in 2017. In addition to being one of the leading segments in terms of volume, this segment is also projected to grow at the fastest rate during the assessment period.

Among all the regions, demand for pressure sensitive tapes in Asia Pacific is likely to remain significant. The Asia Pacific pressure sensitive tapes market is likely to grow at a CAGR of 7.3% during the assessment period. In addition to Asia Pacific, North America and Europe are the other leading markets globally.

The report profiles some of the leading players operating in the market. Some of these players are NICHIBAN CO., LTD., CMS Group of Companies, Lohmann Technologies UK, Vibac Group S.p.a¸CCT Tapes, Advance Tapes International, Kruse Adhesive Tape¸Surface Shields, Saint-Gobain Performance Plastics, Scapa Group plc, LINTEC Corporation, H.B.Fuller, 3M, Nitto Denko Corporation and tesa SE.

Browse Full Global  Pressure Sensitive Tapes Market Report with TOC :

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