Pressure Sensitive Adhesive Tape Market is segmented By Adhesive (Rubber, Acrylic, Silicone), By Type (Single Coated, Double Coated, Self Wound, Reinforced, Transfer Tape, Others), By End User (Electrical & Electronics, Packaging, Medical & Hygiene, Construction, Automotive, Others), By Backing Material (PVC, Polypropylene, Paper, Others), and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Pressure Sensitive Adhesive Tape Market Overview
The pressure sensitive adhesive tape market is epected to grow at a CAGR of 5.8 % during the forecast period (2023-2030). Pressure-sensitive adhesive (PSA) tape is a type of adhesive tape and is a thin, flexible material with a single or double-sided coating. PSA can adhere to a variety of substrates when applied to dry surfaces with pressure. The use of pressure sensitive adhesives tapes has been found in different applications, with new uses being discovered. The use of PSA tape is anticipated to grow as a solution due to ease of use and low cost compared to other fastening systems. The tapes are available in various types including single-coated, double-coated, self-wound, reinforced, transfer tape and others.
Pressure Sensitive Adhesive Tape Market Summary
|
Metrics |
Details |
|
Market CAGR |
5.8% |
|
Segments Covered |
By Adhesive, By Type, By End-User, By Backing Material, and By Region |
|
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
|
Fastest Growing Region |
Asia Pacific |
|
Largest Market Share |
Asia Pacific |
To Get a Free Sample Click here
Pressure Sensitive Adhesive Tape Market Growth and Trends
The global pressure sensitive adhesive tape market growth is driven by the rapidly growing packaging industry and expanding applicability inn various industries due to ease of use.
Rapidly growing packaging industry
The pressure sensitive adhesive tape market is expected to drive with the growing packaging industry globally. The packaging industry has major use of tapes in labeling, case and carton sealing, and working with materials like polypropylene and polyethylene. All of these applications cater to huge requirements for adhesives. Pressure sensitive adhesives tapes are widely used in the packaging industry because of their simplicity, eliminating the requirement of expensive equipment and offering unique advantages over other bonding solutions.
These tapes are offered in a wide range of forms, backings, and adhesive properties based on the packaging applications. Generally, polypropylene or polyester backing has been preferred for packing tapes. Moreover, the requirement for increased strength for packaging can be fulfilled using the fiberglass filaments with the tapes. Therefore, leading companies like Nadco Tapes & Labels, Inc. have been offering a wide range of tapes including masking tapes, carton sealing tapes, reflective tapes, anti-slip tapes, nuclear tapes and autoclave tapes for the growing packaging industry.
Fluctuations in raw material prices
The pressure-sensitive adhesive tape market is impacted by fluctuations in raw material prices. The availability and cost of raw materials are vital factors for the manufacturers to decide on cost structure. Most raw materials such as synthetic rubber, natural rubber, and chemicals used in the manufacturing of tapes are petroleum-based derivatives and are susceptible to fluctuations in prices. There has been high volatility of oil prices in the past with increasing demand across the globe, affecting the cost structure of the PSA tapes industry.
Moreover, the adhesive tape has a thin, flat smooth layer of adhesive that is not suitable for rough and uneven surfaces. Some of the pressure-sensitive tapes have weak resistance to chemicals and high temperatures and have sensitivity to oxidation.
COVID-19 Impact Analysis on Pressure Sensitive Adhesive Tape Market
Due to the pandemic, stakeholders across the pressure sensitive adhesive tape industry have seen a notable impact as all the production work, factories and other activities were closed. The production was hindered by halts and supply chain disruption globally. After the pandemic, the governments still impose various restrictions, such as working with half the workforce and fewer operating hours hindering the production cycle of the market. The losses are incorporated with less demand from the automotive, construction, electronics, paint & coating and other associated industries. On the contrary, pressure sensitive tapes have noticed a positive demand from the healthcare and food packaging industry. Also, the market is expected to recover after the pandemic, with sectors aiming to complete the existing projects with higher production rates to recover from the incorporated losses.
Pressure Sensitive Adhesive Tape Market Segmentation Analysis
By adhesive, the pressure sensitive adhesive tape market is broadly classified into acrylic, silicone and rubber.
The acrylic adhesive pressure-sensitive adhesive tape for plasticizers is expected to grow at the fastest CAGR during the forecast period (2021-2028)
The acrylic adhesive pressure-sensitive adhesive tape is expected to hold the largest market for pressure sensitive adhesive tape market and is expected to continue its dominance in the forecast period. Acrylic can stick well to substrates such as glass, metals and offering better heat and oxygen resistance than rubber-based adhesives. The acrylic pressure adhesive tapes are majorly used in industries due to their high-energy polymeric surfaces, good resistance to oxidation, good clarity and color stability, lower costs than silicone, resistance to high temperatures and plasticizers and specialized formulations with tailored properties.
Moreover, acrylic pressure sensitive adhesive applications include decorative trim and outdoor signage. Due to the numerous advantages, these tapes have been offered with technological developments in the market. For instance, Ashland has developed Aroset 2100 PSA, a high-performance acrylic pressure-sensitive adhesive for demanding tape and label applications.
Pressure Sensitive Adhesive Tape Market Geographical Share
Asia Pacific region holds the largest market for the global pressure sensitive adhesive tape globally
Asia Pacific region holds the largest market share for the pressure sensitive adhesive tape market globally and is expected to continue its dominance in the forecast period. The rapid growth in medical & healthcare, electrical & electronics, transportation, packaging, and others industries are surging the demand for the pressure sensitive adhesive tapes. The leading consumers in the region are including India, China, Japan, Vietnam, and Singapore, among others.
The leading market players have been developing new products to satisfy the industry’s demand. For instance, in 2020, Toyochem Co., Ltd has launched a new healthcare-use line of pressure-sensitive adhesive. The new system addresses the demand for medical tapes and surgical dressing materials with moisture absorbency and breathability, thus minimizing skin maceration and infection.
Pressure Sensitive Adhesive Tape Market Companies and Competitive Landscape
The pressure sensitive adhesive tape market is highly competitive with the local player’s presence, followed by the global companies, contributing to the major share in the market growth. In addition, some of the key players contributing to the growth of the market are 3M, Nitto Denko, Avery Dennison, Tesa SE, Henkel, Irplast S.p.A., Intertape Polymer, LINTEC Corporation, Orafol Europe GmbH and others. The major players are adopting various new strategies to dominate the market, such as expansions, acquisitions and collaborations, contributing to the growth of the pressure sensitive adhesive tape market globally.
Irplast S.p.A.
Overview: Irplast is a leading producer of biaxially oriented polypropylene films, some of which are converted for roll-fed wrap-around labels, printed adhesive tapes and multipack solutions. The company offers its products in diverse fields, including food & beverage, personal & home care markets and others.
Product Portfolio: The Company offers a wide range of products under the BOPP film, print tape and labels tape category.
Key Development: In 2021, Irplast S.p.A has developed Eco+ new adhesive tape that reduces CO2 emissions by 18% compared to standard tapes. It is a solvent-free pressure sensitive adhesive tape present in 25-40 μm thickness with cores made from recycled cardboard.
