Pressure sensitive adhesive tapes
are the continuous flexible strip of cloth, metal, paper, or plastic coated on
both sides with a permanent adhesive at room temperature that will adhere to
the variety of surfaces with finger pressure without changing the phase. They
are generally available in roll form. The global pressure sensitive adhesive
tapes market is experiencing a good growth in the market and expected to
witness the same in the coming years, which can be attributed to its increasing
use in the end-user industries, due to the advantages it offers such as high
heat resistance, good adhesion to metals, and others.
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The major factors driving the
pressure sensitive adhesive tapes market are the increasing adoption due to
easy applicability, increasing demand from end-user industries, and high demand
from developing countries. The demand of these tapes is increasing in various
end-user industries such as medical, automotive, electronics, and others. This
is due to the various advantages these tapes offers such as reduce assembly
line, lightweight material, eliminates the need of surface refinishing,
eliminate visible mechanical fasteners, provide uniform thickness, and various
others.
The pressure
sensitive adhesive tapes market growth is restrained by the rising
price of raw material prices and the changing regulations to reshape the
pressure sensitive adhesives tapes market. The rising cost of raw materials
that are used in the formulation of these tapes for the tape industry are
expected to bring uncertainty in the market, which can hinder the market growth
in the coming years. The basic formulations used in the industry are polymers
and tackifiers among various other additives.
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Asia-Pacific is expected to
register the highest CAGR in the pressure sensitive adhesive tapes market
during the forecast period, which can easily be attributed to the increasing
demand and use of these tapes in the end-user industries. Also, the demand is
significantly increasing from the countries such as India, South Korea, China,
and others to fulfill the need of rapidly expanding industries in the region.
Adchem Corporation, Advance Tapes
International, Adhesives Research, Inc., Berry Plastics Corporation, Dewal
Industries Inc., Saint-Gobain Performance Plastics, Dermamed Coatings Company,
LLC, Mactac, LLC, Wuhan Huaxia Nanfeng Adhesive Tapes, and Canadian Technical
Tape Ltd. are some of the key players operating in the pressure sensitive
adhesive tapes market.
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