Pressure Sensitive Adhesive Tapes Market by Type, Technology, Adhesive Material, End-user

Description

List of Tables

[196 Pages Report] The Pressure Sensitive Adhesive Tapes Market size was estimated at USD 69.09 billion in 2023 and expected to reach USD 72.42 billion in 2024, at a CAGR 4.90% to reach USD 96.59 billion by 2030.

Pressure-sensitive adhesive (PSA) tapes adhere to a surface when pressure is applied. These tapes do not require heat, water, or solvent activation for bonding as they rely on applying pressure to create a bond. PSA tapes are versatile and extensively used in various industries and everyday applications, from simple household tasks to complex industrial processes. Technological advancements in adhesive materials and tape manufacturing improve performance and increase demand from end-user industries owing to product innovations driving the market landscape. Growth in the automotive and electronics sectors, where PSA tapes are indispensable for various functions, and a shift toward eco-friendly and biodegradable materials in response to environmental sustainability concerns further increase market growth. However, fluctuations in raw material prices lead to inconsistent cost structures, stringent environmental regulations curtailing certain adhesive chemicals, and inadequate recycling and disposal methods for used tapes, raising environmental concerns that hamper the market growth. Developing smart adhesives that can respond to environmental stimuli for advanced applications, exploiting untapped markets in developing regions with growing industrial infrastructures, and innovating in specialty tapes tailored for niche applications in various industries pose significant opportunities in the market landscape.

KEY MARKET STATISTICS
Base Year [2023]	USD 69.09 billion
Estimated Year [2024]	USD 72.42 billion
Forecast Year [2030]	USD 96.59 billion
CAGR (%)	4.90%

Regional Insights

The pressure-sensitive adhesive (PSA) tapes market in the Americas is characterized by a high degree of innovation and focus on specialized products. The region has a significant demand for PSA tapes in the healthcare, automotive, and construction sectors. There is a strong inclination toward products that offer advanced functionalities. The regional market is driven by the packaging industry and the inclination toward using environmentally sensitive products. Strategic investments by major players aim to expand production facilities and research and development (R&D) centers, focusing on sustainable and smart adhesive solutions. The European Union has stringent regulatory standards focusing on reducing the environmental impact of PSA tapes. High-strength tapes are preferred over traditional fastening methods. The PSA tapes market in the Middle East is growing, bolstered by the construction boom and the retail sector's expansion with a significant focus on tapes used in the oil & gas industry. The EU is backing research projects that align with its environmental goals, while countries in the Middle East and Africa are looking into expanding their manufacturing sectors, partly through foreign investments and trade. The APAC region has emerged as a major player in the pressure-sensitive adhesive (PSA) tapes market, driven by rapidly expanding industrial sectors and increasing manufacturing activities. This region has a strong consumer tendency toward cost-effective and versatile products, leading to high demand for PSA tapes in the automotive, electronics, and packaging industries, further driving the market growth in the region.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Pressure Sensitive Adhesive Tapes Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Significant usage of pressure-sensitive adhesive tapes in the healthcare industry
- Increasing demand for PSA tapes from the automotive and packaging sector

Market Restraints
- Fluctuation in raw materials prices of pressure sensitive adhesive tapes

Market Opportunities
- New developments in pressure sensitive adhesive tapes
- Increasing usage of silicone pressure sensitive adhesives

Market Challenges
- Failure issues associated with pressure sensitive adhesive tapes

Market Segmentation Analysis
- Type: Significant utilization of double-sided tapes across applications requires invisible bonding
- Technology: Proliferating utilization of solvent-based tapes in harsh conditions environment
- Adhesive Material: Acrylic pressure-sensitive adhesives (PSAs) provide long-term bonding and offer better temperature resistance
- End-user Vertical: Potential demand for pressure-sensitive tapes in the healthcare industry

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Pressure Sensitive Adhesive Tapes Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Pressure Sensitive Adhesive Tapes Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Ahlstrom Promotes Plastic-Free Packaging by Offering Innovative Paper Tape Solutions

Ahlstrom innovatively responds with an expanded range of pressure-sensitive adhesive (PSA) tapes, optimizing their product line in alignment with sustainability megatrends. In a market awash with over 30 billion square meters of predominantly plastic packaging tape, Ahlstrom stands out by pushing the boundaries toward eco-friendly packaging solutions. [Published On: 2023-10-03]

C-Therm and Tesa Tape - a Partnership that Sticks

Tesa tape, Inc., and Fredericton's C-Therm Technologies Ltd. announced collaboration to signify a pioneering advance in the electric vehicle (EV) sector by enhancing the integration of thermal interface materials and pressure-sensitive adhesive tapes into EV design, thereby optimizing user experience through superior thermal management systems. C-Therm and tesa tape's ongoing cooperative efforts continue to forge new pathways in vehicle electrification, setting industry benchmarks for both performance and safety. [Published On: 2023-09-25]

H.B. Fuller Reveals Pressure-Sensitive Adhesive Range With 'no Look' And 'near-Zero-Co2' Properties

H.B. Fuller announced to showcase a collection of cutting-edge pressure-sensitive adhesives at Labelexpo Europe 2023, focusing on superior aesthetics, effortless label removal, and environmental sustainability. Additionally, the company's commitment to ecological responsibility has led to the development of the Earthic portfolio, encapsulating Swiftmelt Earthic 9010E, a revolutionary near-zero-CO2 hot-melt adhesive. [Published On: 2023-09-04]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Pressure Sensitive Adhesive Tapes Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Pressure Sensitive Adhesive Tapes Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Advance Tapes International Ltd., Ahlstrom Oyj, American Biltrite Inc., Arkema Group, Ashland Inc., Avery Dennison Corporation, BASF SE, Berry Global, Inc., CCL Industries Inc., Clarient AG, Constantia Flexibles, Coveris Management GmbH, DIC CORPORATION, DOW Chemical Company, Ester Chemical Industries Pvt. Ltd., Evonik Industries AG, Fuji Seal International, Inc., Gaska Tape Inc., H.B. Fuller Company, Henkel AG & Company KGaA, Intertape Polymer Group Inc., KIKUSUI TAPE CO., LTD., Lohmann GmbH & Co.KG, Mactac Americas, LLC by LINTEC Corporation, Mapei SpA, Mitsubishi Chemical Holdings Corporation, Nitto Denko Corporation, Saint-Gobain group, Shurtape Technologies, LLC, Sika AG, tesa SE, TOYOCHEM CO., LTD., VIGteQnos Co., Ltd., and Zhongshan New Asia Adhesive-Product Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Pressure Sensitive Adhesive Tapes Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Double-Sided Tapes
- Single-Sided Tapes

Technology
- Hot-Melt Based
- Solvent-Based
- Water-Based

Adhesive Material
- Acrylic
- Rubber
- Silicone

End-user
- Automotive & Transportation
- Building & Construction
- Consumer Goods
- Electronics, Electrical & Telecommunication
- Industrial Assembly
- Medical & Healthcare
- Packaging
- Paper & Printing Industry

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-A42893A5990C

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Significant usage of pressure-sensitive adhesive tapes in the healthcare industry
  - 5.1.1.2. Increasing demand for PSA tapes from the automotive and packaging sector
- 5.1.2. Restraints
  - 5.1.2.1. Fluctuation in raw materials prices of pressure sensitive adhesive tapes
- 5.1.3. Opportunities
  - 5.1.3.1. New developments in pressure sensitive adhesive tapes
  - 5.1.3.2. Increasing usage of silicone pressure sensitive adhesives
- 5.1.4. Challenges
  - 5.1.4.1. Failure issues associated with pressure sensitive adhesive tapes
5.2. Market Segmentation Analysis
- 5.2.1. Type: Significant utilization of double-sided tapes across applications requires invisible bonding
- 5.2.2. Technology: Proliferating utilization of solvent-based tapes in harsh conditions environment
- 5.2.3. Adhesive Material: Acrylic pressure-sensitive adhesives (PSAs) provide long-term bonding and offer better temperature resistance
- 5.2.4. End-user Vertical: Potential demand for pressure-sensitive tapes in the healthcare industry
5.3. Market Trend Analysis
- 5.3.1. Significant investment in infrastructure development to propel the growth of pressure-sensitive adhesive tapes in the Americas
- 5.3.2. Expanding use of pressure sensitive adhesive tapes across manufacturing and packaging sectors of Asia-Pacific region
- 5.3.3. Emphasis on development and adoption of sustainable pressure sensitive adhesive tapes across the EMEA region
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis

6. Pressure Sensitive Adhesive Tapes Market, by Type

6.1. Introduction
6.2. Double-Sided Tapes
6.3. Single-Sided Tapes

7. Pressure Sensitive Adhesive Tapes Market, by Technology

7.1. Introduction
7.2. Hot-Melt Based
7.3. Solvent-Based
7.4. Water-Based

8. Pressure Sensitive Adhesive Tapes Market, by Adhesive Material

8.1. Introduction
8.2. Acrylic
8.3. Rubber
8.4. Silicone

9. Pressure Sensitive Adhesive Tapes Market, by End-user

9.1. Introduction
9.2. Automotive & Transportation
9.3. Building & Construction
9.4. Consumer Goods
9.5. Electronics, Electrical & Telecommunication
9.6. Industrial Assembly
9.7. Medical & Healthcare
9.8. Packaging
9.9. Paper & Printing Industry

10. Americas Pressure Sensitive Adhesive Tapes Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Pressure Sensitive Adhesive Tapes Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Pressure Sensitive Adhesive Tapes Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Ahlstrom Promotes Plastic-Free Packaging by Offering Innovative Paper Tape Solutions
- 13.3.2. C-Therm and Tesa Tape - a Partnership that Sticks
- 13.3.3. H.B. Fuller Reveals Pressure-Sensitive Adhesive Range With 'no Look' And 'near-Zero-Co2' Properties
- 13.3.4. Avery Dennison Launches New Cold Tough Adhesive Portfolio
- 13.3.5. EPS Launches Innovative Resin for Pressure-Sensitive Adhesives
- 13.3.6. Ahlstrom Introduces Release Liners for Pressure-Sensitive Tapes
- 13.3.7. Rotunda Capital Partners Buys Bron Tapes
- 13.3.8. Arkema Launches Integrated Pressure Sensitive Adhesive Offering
- 13.3.9. H.B. Fuller Partners with Enimac to Strengthen eCommerce Packaging
- 13.3.10. Bostik Unveils Two New Tape and Label Adhesives in India to Bolster the Manufacturing Industry and Support the Shift Towards Circular Economy
- 13.3.11. Arkema Finalizes the Acquisition of Ashland's Performance Adhesives Business

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio