What is the Historical Analysis of the Pressure Sensitive Adhesive Tapes Market Size?
The pressure sensitive adhesive tapes market has seen considerable growth due to a variety of factors.
• In recent years, the market size for pressure sensitive adhesive tapes has seen remarkable expansion. The market, worth $69.98 billion in 2024, is projected to inflate to $75.01 billion in 2025, registering a compound annual growth rate (CAGR) of 7.2%. The historical period witnessed this growth due to a surge in industrialization, evolving environmental regulations, expansion of the automotive industry, heightened demand in emerging markets, and global economic trends.
What is the Forecasted Market Size and CAGR for the Pressure Sensitive Adhesive Tapes Market Size?
The Pressure Sensitive Adhesive Tapes market is expected to maintain its strong growth trajectory in upcoming years.
• In the ensuing years, the market size for pressure sensitive adhesive tapes is anticipated to witness robust growth, reaching $102.12 billion in 2029 with an 8.0%.
compound annual growth rate (CAGR). This projected market expansion in the forecast period is linked to factors such as increased awareness of health and hygiene, urban development and construction activities, eco-friendly practices, the rising popularity of electric vehicles (EVs), and the digital transformation in manufacturing. Furthermore, during the forecast period, notable trends include a surge in demand for sustainable solutions, technological breakthroughs, the growing e-commerce and logistics sectors, personalization and customization trends, and heightened health and safety considerations.
What Key Factors and Trends Are Driving The Growth Pressure Sensitive Adhesive Tapes Market?
The expansion of the construction industry is considerably influencing the development of the pressure sensitive adhesive tapes market. The industry that participates in creating, maintaining, and repairing infrastructure is referred to as the construction sector. In construction, pressure sensitive adhesive tapes play a key role, including being utilized to solidify foundation membranes to prevent water intrusion, creating a seal for argon gas in windowpanes, and offering support and secure ducting. They are also resistant to moisture and extreme temperatures, making them an ideal solution for rooftop protection against environmental influences. For instance, a report by the Bureau of Economic Analysis (BEA), a government agency in the United States providing official industry and macroeconomic statistics, revealed that the US construction industry saw a rise from $1.916 trillion in the first quarter of 2021 to $2.016 trillion in the first quarter of 2022. Consequently, the growth in the construction sector is directly fueling the demand for pressure sensitive adhesive tapes in the market.
What Are The Market Segments In The Pressure Sensitive Adhesive Tapes Market?
The pressure sensitive adhesive tapes market covered in this report is segmented –
1) By Type: Single-Coated Tapes Or Single-Sided Tapes, Double-Coated Tapes, Transfer Tapes Or Unsupported Tapes, Self-Wound Tape
2) By Resin Type: Acrylic, Rubber, Silicone, Other Resin Types
3) By End-Use Industry: Packaging, Electrical And Electronics, Medical And Hygiene, Construction, Transportation, Consumer And Office, Other End-Use Industries
Subsegments:
1) By Single-Coated Tapes (Single-Sided Tapes): Acrylic Single-Coated Tapes, Rubber Single-Coated Tapes
2) By Double-Coated Tapes: Double-Sided Foam Tapes, Double-Sided Film Tapes
3) By Transfer Tapes (Unsupported Tapes): Clear Transfer Tapes, Double-Sided Transfer Tapes
4) By Self-Wound Tape: Self-Wound Adhesive Tapes, Self-Wound Specialty Tapes
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What Trends Are Shaping The Pressure Sensitive Adhesive Tapes Market?
The increasing trend of product innovation is becoming notable in the market of pressure-sensitive adhesive tapes. Significant market players in the pressure-sensitive adhesives domain are focusing on the creation of novel products to maintain their market standing. For instance, Avery Dennison, a manufacturer of pressure-sensitive adhesive materials based in the US, introduced a fresh collection of pressure-sensitive tapes specially curated for the interior building and construction sector in November 2022. The Avery Dennison Interior Surfaces portfolio contains nine unique pressure-sensitive tape designs with various adhesive technologies that can adhere to commercial and residential interior surfaces. The portfolio utilizes bonding elements that provide ease of use, adaptability in application, durability, and customer safety, thereby addressing major challenges encountered by manufacturers, architects, designers, suppliers, and DIY customers of interior products in the building and construction sector.
Who Are the Key Players In The Pressure Sensitive Adhesive Tapes Market?
Major companies operating in the pressure sensitive adhesive tapes market include:
• 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
• H.B. Fuller Company
• Henkel AG & Co. KGaA
• LG Chem Ltd.
• Arkema Group
• Sika AG
• Achem Technology Corporation
• Yonghe Adhesive Products Co. Ltd.
• Berry Plastics Corporation
• Intertape Polymer Group Inc.
• JinghuaTape Technologies Co. Ltd.
• Luxking Group Co. Ltd.
• Shushi Group Co. Ltd.
• Shanghai Yongguan Adhesive Products Corp. Ltd.
• Camat Corporation
• ATP Adhesive Systems AG
• Applied Plastics
• Dunmore Corporation
• FLEXcon Company Inc.
• Labelink Corporation
What Are The Regional Insights Into The Pressure Sensitive Adhesive Tapes Market?
Asia-Pacific was the largest region in the pressure sensitive adhesive tapes market in 2024. The regions covered in the pressure sensitive adhesive tapes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
