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Pressure Sensitive Tapes - Global Strategic Business Report

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    Report

  • 306 Pages
  • January 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 344065

Global Pressure Sensitive Tapes Market to Reach $105.8 Billion by 2030

The global market for Pressure Sensitive Tapes estimated at US$73.3 Billion in the year 2022, is projected to reach a revised size of US$105.8 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2022-2030. Packaging Tapes, one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach US$50.7 Billion by the end of the analysis period. Growth in the Specialty Tapes segment is estimated at 5.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $15.4 Billion, While China is Forecast to Grow at 6.7% CAGR

The Pressure Sensitive Tapes market in the U.S. is estimated at US$15.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$26.3 Billion by the year 2030 trailing a CAGR of 6.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 4.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$16.2 Billion by the year 2030.

Select Competitors (Total 214 Featured) -

  • 3M Company
  • Adhesives Research, Inc.
  • Ahlstrom-Munksjö Oyj
  • Avery Dennison Corporation
  • Beardow & Adams (Adhesives) Limited
  • Berry Global, Inc.
  • Coroplast Fritz Müller GmbH & Co. KG
  • DeWAL Industries Inc.
  • Dow Inc.
  • Essentra Specialty Tapes, Inc.
  • Franklin International, Inc.
  • Godson Tapes Pvt. Limited
  • H.B. Fuller Company
  • Henkel AG & Co. KGaA
  • Intertape Polymer Group Inc.
  • Jowat SE
  • Krückemeyer GmbH
  • LINTEC Corporation
  • Luxking Group Holdings Limited
  • Nitto Denko Corporation
  • Saint-Gobain Performance Plastics Corporation
  • Scapa Group, plc
  • Shurtape Technologies, LLC
  • Stokvis Tapes BV
  • tesa SE
  • Yem Chio Co. Ltd.
  • Zhejiang Yonghe Adhesive Products Co., Ltd.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Pressure Sensitive (PSA) Tapes: Ubiquitous Performance-Driven Multi-Purpose Adhesive Solutions
  • Recent Market Activity
  • Global Market Outlook
  • Improvement in Global Economy Supports Near-term Growth Momentum
  • Developing Countries Continue to Drive Current and Future Market Growth
  • Pressure Sensitive Tapes - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
  • 3M Company (USA)
  • Adhesives Research, Inc. (USA)
  • Adhesive Applications Inc. (USA)
  • Advanced Flexible Composites, Inc. (USA)
  • Ahlstrom-Munksjö (Sweden)
  • American Biltrite, Inc. (USA)
  • Ashland Global Holdings, Inc. (USA)
  • Avery Dennison Corporation (USA)
  • Beardow & Adams (Adhesives) Limited (UK)
  • Berry Global, Inc. (USA)
  • Adchem Corporation (USA)
  • Boston Tapes (Chargeurs) (Italy)
  • Coroplast Fritz Müller GmbH & Co. KG (Germany)
  • DeWAL Industries Inc. (USA)
  • Dow Corning Corporation (USA)
  • Dow Packaging and Specialty Plastics (USA)
  • Edge Adhesives, Inc. (USA)
  • Essentra Specialty Tapes, Inc. (USA)
  • Franklin International, Inc. (USA)
  • H.B. Fuller Company (USA)
  • Henkel AG & Co. KGaA (Germany)
  • Illinois Tool Works, Inc. (USA)
  • Stokvis Tapes BV (Netherlands)
  • Intertape Polymer Group Inc. (Canada)
  • Powerband (India)
  • Godson Tapes Pvt. Limited (India)
  • Jowat SE (Germany)
  • Krückemeyer GmbH (Germany)
  • LINTEC Corporation (Japan)
  • Luxking Group Holdings Limited (China)
  • NADCO® Tapes & Labels, Inc. (USA)
  • Nitto Denko Corporation (Japan)
  • Nitto Denko America, Inc. (USA)
  • RPM International Inc. (USA)
  • Saint-Gobain Performance Plastics Corporation (USA)
  • Scapa Group, Plc. (UK)
  • Sekisui Chemicals Co. Ltd. (Japan)
  • Shurtape Technologies, LLC (USA)
  • tesa SE (Germany)
  • tesa Tape, Inc. (USA)
  • Yem Chio Co. Ltd. (Taiwan)
  • Zhejiang Yonghe Adhesive Products Co., Ltd. (China)
3. MARKET TRENDS & DRIVERS
  • Rapid Penetration of Advanced Smartphones and Wearable Devices Drive Demand for Robust, Flexible, and Superior PSA Tape Solutions
  • Wearable Devices Rely on Innovative Double-Sided Tapes for Ruggedness
  • Advanced Mounting Tape Solutions Enable Smartphones with Flexible Displays
  • Sophisticated Single-Sided Tapes Pave Way for Wireless Charging
  • Industrial Pressure-Sensitive Tapes Featuring High Resistance to Temperature to Witness Surge in Demand
  • Advanced Technologies and Wide Ranging Applications Drive Demand for Specialty Tapes
  • Growing Demand from the Packaging Industry Benefit Market Growth for Box/Carton Sealing Tapes
  • Flexible Packaging Remains Promising Application Area for PSA Tapes
  • Sustainable Packaging: The Latest Buzz Word Driving Demand for Recyclable, Biodegradable PSA Tapes
  • Myriad Applications in Vehicle Production Boosts Demand for Masking Tapes in the Automotive Sector
  • Growing Prominence of PSA Tapes in Surgical and Medical Device Bonding Drive Demand in Medical Applications
  • Critical Need to Select Appropriate Skin-Interfacing Adhesives Boost Demand for Wearable Adhesives
  • Wearable Medical Devices: A Lucrative End-use Market for Medical PSAs
  • Increasing White Goods and Electronic Components Manufacture Spurs Demand in the Electronics Sector
  • Need to Meet CTQ (Critical-to-Quality) Requirements of Various Applications Spur Demand for Foam Tapes
  • Focus on Energy-Efficient Buildings Offers Opportunities for Masking Tapes in the Construction Sector
  • Recovery in Construction Activity Worldwide Offer Bright Prospects for PSA Tapes
  • Aircraft Manufacture: A Critical End-Use Sector for Pressure Sensitive Tapes
  • Growing Focus on Solar Energy Drives Photovoltaic Tapes Demand
  • Advanced Pressure Sensitive Adhesives Make Solar Panels Thinner
  • Custom Printed Tapes: A Lucrative Segment
  • Pressure Sensitive Adhesives: Providing the Essential Adhesion Properties in Pressure Sensitive Tapes
  • Growing Need for Efficient Bonding Solutions Drives Demand for Acrylic PSA Tapes
  • Pressure Sensitive Labels: The Next Most Important Application Area for Pressure Sensitive Adhesives
  • Solvent-Free Adhesives to Witness Strong Growth
  • Future of Solvent Based Adhesives Uncertain
  • Myriad Applications in Various Industries Drives Perennial Demand for Pressure Sensitive Tapes
  • Exceptional Bonding Properties
  • Easy Processing
  • Demanding Automotive Applications
  • Insulation & HVAC Applications
  • Consumer Electronics Applications
  • Market Fortunes Intrinsically Tied to the Performance of the Overall Adhesives Industry
  • Product Innovation and Demand for Flexible Packaging Bolster Pressure Sensitive Adhesives Market
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Pressure Sensitive Tapes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Pressure Sensitive Tapes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 3: World 16-Year Perspective for Pressure Sensitive Tapes by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Specialty Tapes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for Specialty Tapes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 6: World 16-Year Perspective for Specialty Tapes by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Paper by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for Paper by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 9: World 16-Year Perspective for Paper by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Other Backing Materials by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Other Backing Materials by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 12: World 16-Year Perspective for Other Backing Materials by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Packaging Tapes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 14: World Historic Review for Packaging Tapes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 15: World 16-Year Perspective for Packaging Tapes by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Consumer Tapes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 17: World Historic Review for Consumer Tapes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 18: World 16-Year Perspective for Consumer Tapes by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for PP & PVC by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 20: World Historic Review for PP & PVC by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 21: World 16-Year Perspective for PP & PVC by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 22: World Pressure Sensitive Tapes Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Pressure Sensitive Tapes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
CANADA
JAPAN
  • Pressure Sensitive Tapes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
CHINA
  • Pressure Sensitive Tapes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
EUROPE
  • Pressure Sensitive Tapes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
FRANCE
  • Pressure Sensitive Tapes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
GERMANY
  • Pressure Sensitive Tapes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
ITALY
UNITED KINGDOM
  • Pressure Sensitive Tapes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Pressure Sensitive Tapes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
AUSTRALIA
  • Pressure Sensitive Tapes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
INDIA
  • Pressure Sensitive Tapes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Pressure Sensitive Tapes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Pressure Sensitive Tapes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Pressure Sensitive Tapes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 3M Company
  • Adhesives Research, Inc.
  • Ahlstrom-Munksjö Oyj
  • Avery Dennison Corporation
  • Beardow & Adams (Adhesives) Limited
  • Berry Global, Inc.
  • Coroplast Fritz Müller GmbH & Co. KG
  • DeWAL Industries Inc.
  • Dow Inc.
  • Essentra Specialty Tapes, Inc.
  • Franklin International, Inc.
  • Godson Tapes Pvt. Limited
  • H.B. Fuller Company
  • Henkel AG & Co. KGaA
  • Intertape Polymer Group Inc.
  • Jowat SE
  • Krückemeyer GmbH
  • LINTEC Corporation
  • Luxking Group Holdings Limited
  • Nitto Denko Corporation
  • Saint-Gobain Performance Plastics Corporation
  • Scapa Group, plc
  • Shurtape Technologies, LLC
  • Stokvis Tapes BV
  • tesa SE
  • Yem Chio Co. Ltd.
  • Zhejiang Yonghe Adhesive Products Co., Ltd.

Table Information