Pressure Sensitive Tapes Market: Increasing Demand for Lighter Automotive Vehicles and Demand for Packaging Tapes from End-user Industries at Global Level
- A pressure sensitive tape is a strip of paper or plastic with adhesive applied either on one side or both in order to temporarily or permanently join two overlapping materials. These tapes can have several kinds of pressure-sensitive adhesives applied on them, and they can be easily put on any surface by applying pressure either manually or mechanically
- A pressure sensitive tape comprises a backing material or carrier often coated with adhesive or a release liner. These are manufactured by coating technologies such as solvents, hot melt, and dispersion-based. Adhesive tapes are widely used for labelling, packaging, sealing, stationery, electric insulation, and general-purpose applications. In the automotive industry, adhesive tapes are used for joining interior parts, roof and glass bonding. The product is extensively used in the construction industry for ceramic tiles, concrete, floorings, panels, and roofing
- Pressure sensitive tapes are extensively used in numerous automotive applications such as wire harnessing, electric insulation, automotive body repairs, masking, and surface protection
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- Increasing use of pressure sensitive tapes in automotive interior parts to provide better resistance and excellent adhesion ability is likely to propel the pressure sensitive tapes market during the forecast period
- Furthermore, increase in global trade relation followed by rise in adoption of online retailing has fuelled the demand for packaging segment, which in turn expected to propel the demand for pressure sensitive tapes during the forecast period
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Carton Sealing Tapes and Polypropylene-based Pressure Sensitive Tapes Continued To Be Dominant Segments
- On the basis of product type the global pressure sensitive tapes market is bifurcated into carton sealing tapes, masking tape, double sided tape and specialty tape
- Among them, carton sealing tape held the leading share of more than 60% in 2018, expanding at a CAGR of more than 6% from 2019 to 2027. It is likely remain dominant product type during the forecast period 2019 to 2027. Increase in adoption of online retailing is the major factor that drives the demand for carton sealing tape
- In terms of backing material, pressure sensitive tapes market has been bifurcated into Polypropylene, paper, polyvinyl chloride, and Others. Out of these, polypropylene was the major segment and accounted for more than 60% of the total pressure sensitive tapes market in 2018
- These segments are projected to continue their dominance during the forecast period 2019-2027 because of its high tack characteristics and shear adhesion properties for packaging applications even on problematic carton surfaces
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