Global Specialty Pressure Sensitive Tape Market 2015-2019
About specialty pressure-sensitive tape
Specialty pressure-sensitive tapes adhere to surfaces when pressure is applied and do not require solvents, heat, or other agents. These tapes are used in the industrial and construction applications because of their high-tensile strength. They are also used in the healthcare and automotive industries for their fastening and bonding properties. Many variants of these tapes, such as double-sided tapes, are available in the market.
Technavio's analysts forecast the global specialty pressure-sensitive tapes market to grow at a CAGR of 2.90% over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the global specialty pressure-sensitive tapes market for the period 2015-2019. To calculate the market size, the report considers volume of tapes produced with respect to materials such as paper, foam, woven, and non-woven. The geographical segmentation is done on the basis of the total production of specialty pressure-sensitive tapes in each region.
The report also provides information on the different segments of the market based on the following criteria:
Technavio Announces the Publication of its Research Report – Global Specialty Pressure Sensitive Tape Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Specialty Pressure Sensitive Tape Market: Avery Dennison, Adhesive applications, Coating and converting technologies and Essentra specialty tapes
Other Prominent Vendors in the market are: 3M, Adchem, Berry Plastics, Bostik, DeWAL Industries, Intertape Polymer, Lintec, Mactac, Nitto Denko, PPI Adhesive Products, Scapa, Shurtape Technologies, TaraTape and Tesa Tape
Commenting on the report, an analyst from Technavio’s team said: “This competitive pressure has, in part, led to growing demand for sustainable specialty pressure sensitive tape, which is eco-friendly, like biodegradable tapes; this will continue to have a positive impact on the market. The rise in demand from developing countries is also a trend in the market.”
According to the report, greater demand from the electrical and electronics segment is a major growth driver. These tapes are widely used in electronic assembly, PCB production, and wire bundling welding applications. The increase in demand for these applications has led to a rise in demand for PVC and adhesive materials as well as a rise in the production of tapes.
Further, the report states that the volatility of raw material prices is a major concern for manufacturers, as the higher costs of these materials will decrease their profit margins. These materials are rubber and plastic films, which are used in the manufacturing of the tape backing. The increase in strategic alliances among the companies is another challenge facing the global specialty pressure sensitive tape market.
Avery Dennison, Adhesive applications, Coating and converting technologies, Essentra specialty tapes, 3M, Adchem, Berry Plastics, Bostik, DeWAL Industries, Intertape Polymer, Lintec, Mactac, Nitto Denko, PPI Adhesive Products, Scapa, Shurtape Technologies, TaraTape, Tesa Tape