Global Pressure Sensitive Tapes Market Overview:
Pressure-sensitive tape, known also in various countries as PSA tape, adhesive tape, self-stick tape, sticky tape, Sellotape, or just tape, is an adhesive tape that will stick with application of pressure, without the need for a solvent (such as water) or heat for activation. Packaging has gained significant traction across industries. As much as the product, companies are increasingly investing in packaging materials, such as adhesive tapes, to ensure that the product is delivered safe and maintains the quality of products delivered.
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Increasing Demand for Solvent-Free Adhesives Pressure Sensitive Tapes
Market Growth Drivers:
Increasing Global Trade Relations Followed by Rise in Adoption of Online Retailing and The rising popularity of the miniaturization of electronic devices
Fluctuation of Raw Materials Prices
Rising Environmental Concerns Associate with Material Used In Pressure Sensitive Adhesive
High Demand for Biodegradable Adhesive Pressure Sensitivity Tapes
Pressure-sensitive tapes are a fragmented market due to the presence of a large number of established competitors. The key players focus on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions to help them sustain themselves in the market and maintain their competitive edge.
Some of the key players profiled in the report are The Dow Chemical Company (United States), 3M Company (United States), Henkel AG & Co. KGAA (Germany), Avery Dennison Corporation (United States), Sika AG (Switzerland), HB Fuller Company (United States), Arkema SA (France), Scapa Group PLC. (England), Toyo Ink America LLC (United States), Ashland Inc. (United States) and Henkel Adhesives Technologies (Germany). Considering Market by Type, the sub-segment i.e. Polypropylene will boost the Pressure Sensitive Tapes market. Considering Market by Adhesive, the sub-segment i.e. Single Sided will boost the Pressure Sensitive Tapes market.
Latest Market Insights:
In March 2021, Avery Dennison Corporation acquired JDC Solutions, Inc., a privately owned manufacturer of pressure-sensitive specialty tapes headquartered in Mount Juliet, Tennessee. JDC manufactures specialty tapes used in a variety of high-value industrial applications and has a longstanding relationship with American converters servicing the automotive, consumer electronics, and building and construction industries.
In February 2022, Henkel Adhesives Technologies opened a new production facility in Kurkumbh, India. This division aims to serve the growing demand for high-performance solutions in adhesives, sealants, and surface treatment products in the Indian industry. Designed as a smart factory, the new plant supports Industry 4.0 operations and meets the highest standards for sustainability.
What Can be Explored with the Pressure Sensitive Tapes Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Pressure Sensitive Tapes Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Pressure Sensitive Tapes
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Pressure Sensitive Tapes market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Pressure Sensitive Tapes market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Pressure-sensitive Tapes Manufacturer, Retailer & Supplier, Government Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.