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.
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The complete report of Pressure Sensitive Adhesive Tapes Market by Resin type (Acrylic, Rubber, Silicone), Category (Commodity, Specialty), Backing Material (Polypropylene, Paper, PVC), Type, End-Use Industry, and Region - Global forecast to 2022 is now available on www.rnrmarketresearch.com/pressure…rket-report.html
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.
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.
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Due to these factors, PSA tapes find high growth opportunities in the industrial, electronics, and construction sectors.
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Break of primary participants in Pressure Sensitive Adhesive Tapes Market was as mentioned below:
By Company Size: Tier 1 = 20 %, Tier 2 = 55%, and Tier 3 = 25%
By Designation Level: C-Level Executives = 50%, Directors= 25%, and Others= 25%
By Region: Americas = 60%, Europe = 25%, APAC = 10%, and RoW = 5%
Major players of Pressure Sensitive Adhesive Tapes Market Report are:
3M Company (US), Nitto Denko Corporation (Japan), Tesa SE (Germany), Lintec Corporation (Japan), Inter tape Polymer Group, Inc. (Canada), and Avery Dennison Corporation (US) are the key players operating in the PSA tapes market.
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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.
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.
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