The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The pressure sensitive adhesive tapes market has witnessed substantial growth in recent years. Key factors driving this growth include:

• Increasing industrialization
• Environmental regulations
• Growth in the automotive industry
• Emerging market demand
• Global economic trends

Current Market Scenario and Forecast

• The market size was $65.52 billion in 2023, projected to reach $70.45 billion in 2024, with a CAGR of 7.5%.
• Expected to grow to $93.61 billion by 2028, at a CAGR of 7.4%.
• Anticipated drivers for future growth:
  • Health and hygiene awareness
  • Urbanization and construction activities
  • Sustainability initiatives
  • Electric vehicles (EVs) trend
  • Digitalization in manufacturing

Rising Construction Sector Drives The Pressure Sensitive Adhesive Tapes Market

Impact of Construction Sector Growth

The construction sector plays a significant role in propelling the pressure sensitive adhesive tapes market. Key uses include:

• Strengthening foundation membranes
• Sealing windowpanes
• Supporting and securing ducting
• Roofing applications due to moisture and temperature resistance

Market Insights

• US construction industry size increased from $1.916 trillion in Q1 2021 to $2.016 trillion in Q1 2022.
• Major companies in the market:

3M Company

Avery Dennison Corporation

Lintec Corporation

Lohmann GmbH & Co. Kg

Nichiban Co. Ltd.

Nitto Denko Corporation

Scapa Group PLC, Shurtape Technologies LLC

Tesa SE

Ellsworth Adhesives India PTY Limited

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Product Innovation Transforms The Market

Embracing Innovation

Product innovation emerges as a pivotal trend in the pressure sensitive adhesive tapes market. Notable developments include:

• Avery Dennison’s launch of a new portfolio for interior building and construction segment.
• Portfolio features nine tape designs with various adhesive technologies.
• Addresses challenges in application, durability, and consumer safety.

Key Acquisition: Clearlake Capital Group LP Acquires Intertape Polymer Group Inc.

• Clearlake Capital Group LP acquired Intertape Polymer Group Inc. in June 2022.
• Acquisition adds packaging solutions, including pressure sensitive adhesive tapes, to Clearlake’s portfolio.
• Intertape Polymer Group Inc. is a Canada-based packaging products and systems company.

Market Segmentation and Regional Insights

Understanding Market Segmentation

The pressure sensitive adhesive tapes market is segmented based on:

1. Type:
   • Single-Coated Tapes
   • Double-Coated Tapes
   • Transfer Tapes
   • Self-Wound Tape
2. Resin Type:
   • Acrylic
   • Rubber
   • Silicone
   • Other Resin Types
3. End-Use Industry:
   • Packaging
   • Electrical and Electronics
   • Medical and Hygiene
   • Construction
   • Transportation
   • Consumer and Office
   • Other End-Use Industries

Regional Dynamics

• Asia-Pacific led the market in 2023.

Conclusion

The pressure sensitive adhesive tapes market is poised for significant growth, driven by various factors such as industrialization, construction sector expansion, and product innovation. As companies continue to invest in R&D and expand their product portfolios, the market is expected to witness sustained growth, particularly in regions like Asia-Pacific. With a focus on addressing evolving consumer needs and industry trends, the market is set to play a crucial role in various sectors ranging from construction to automotive and electronics.

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The Pressure Sensitive Adhesive Tapes Global Market Report 2024  provides an overview of the pressure sensitive adhesive tapes market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The pressure sensitive adhesive tapes market forecast analyzes pressure sensitive adhesive tapes market size, pressure sensitive adhesive tapes market share, leading competitor and their market positions.

The Table Of Content For The Pressure Sensitive Adhesive Tapes Market Include:
1. Pressure Sensitive Adhesive Tapes Market Executive Summary
2. Pressure Sensitive Adhesive Tapes Market Segments
3. Pressure Sensitive Adhesive Tapes Market Size And Pressure Sensitive Adhesive Tapes Market Growth Rate
4. Key Pressure Sensitive Adhesive Tapes Market Trends
5. Major Pressure Sensitive Adhesive Tapes Market Drivers
……
25. Key Mergers And Acquisitions In The Pressure Sensitive Adhesive Tapes Market
26. Top Pressure Sensitive Adhesive Tapes Companies
27. Pressure Sensitive Adhesive Tapes Market Opportunities And Strategies
28. Pressure Sensitive Adhesive Tapes Market, Conclusions And Recommendations
29. Appendix

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