Market Highlights:
The packaging industry is a growing field in much demand as it becomes easier and easier to ship items around the world. Proper packaging is vital in this field to make sure that item reaches its destination in the same shape it was sent out in. Packaging engineers are always looking for the best ways to meet their packaging challenges, and one option is double-sided pressure sensitive adhesives.
Pressure sensitive tape also known as PSA, self-adhesive, self-stick adhesive. It is a major category of adhesive tapes and is a relatively thin flexible material with single or double sided coating. Single sided tapes are a pressure-sensitive tape consisting of a carrier with adhesive coated only on one side. Single sided tapes use a backing that may be variety materials that are flat, and web-based such as film, paper, foil, fabrics, or foam tape. Whereas, double sided tape – also known as double coated tape or double faced tape, is a pressure sensitive tape (PSA) consisting of film, foam, paper, cloth, or foil carrier, with an acrylic, rubber or silicone adhesive coated on both sides.
PSA tapes require pressure to adhere to a surface. These tapes can be formulated to form high strength bonds when used in medical equipment or to join different dressing and drape substrates together, or to provide gentle adhesion when used in a stick-to-skin application. PSA tapes can be acrylics, silicones, or styrene block co-polymers.
Pressure sensitive adhesives (PSA) tapes are used in many different applications and continue to grow as a solution to fastening and joining due to advances in adhesive technology, ease of use, and its low cost compared to traditional fastening systems.
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Major key Players
Avery Dennison Corporation,
3M Company,
Berry Plastics Corporation,
American Biltrite Inc.,
Jonson Tapes Limited,
Adchem Corporation,
Nitto Denko Corporation,
Intertape Polymer Group,
Advance Tapes International Limited,
Tesa SE,
LINTEC Corporation,
Scapa Group,
Shurtape Technologies, LLC
Zhejiang Yonghe Adhesive Products Company Limited
Growth in healthcare and medical are the key drivers of Pressure Sensitive Tapes Market. With increasing health risks and diseases, the demand for medical products have gone, which in turn induces the market for pressure sensitive tapes globally.
Industry/News:
In June 2017, Avery Dennison has acquired Yongle Tape Company Ltd. To manufacture specialty tapes and related products in a variety of industrial markets.
In September 2017, Avery Dennison has expanded its Kunshan Plant to meet the demand from pressure sensitive tapes.
In November 2016, 3M has introduced Scotch Clean Removal Strapping Tape 8899HP in order to diversify the product portfolio.
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Regional Analysis
APAC is expected to dominate the global pressure sensitive tapes market with its fastest growing market worldwide. In recent years, the demand for pressure sensitive taps have been declined due to low production and decline in the construction activities. However in U.S. and Europe, the tap market is expected to grow due to the increase in demand for paints and coating which uses masking tapes. Although pressure sensitive taps are used in almost every region, Asia Pacific region is expected to dominate due to greater share from the manufacturing industry. The increase in demand of pressure sensitive taps for application such as food & beverage, construction, automotive, and others have also dominated the pressure sensitive taps industry in future.
Target Audience
- Manufactures
- Raw material Suppliers
- Aftermarket suppliers
- Research Institute / Education Institute
- Potential Investors
- Key executive (CEO and COO) and strategy growth manager
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