Global Specialty Pressure-sensitive Tapes Market 2017-2021
About Specialty Pressure-Sensitive Tapes
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 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 5.36% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global specialty pressure-sensitive tapes market for 2017-2021. To calculate the market size, the report considers the indicators prevailing at that time of conducting the research.
The market is divided into the following segments based on type of material:
Technavio Announces the Publication of its Research Report – Global Specialty Pressure-Sensitive Tapes Market 2017-2021
Technavio recognizes the following companies as the key players in the global specialty pressure-sensitive tapes market: 3M Company, Avery Dennison, Nitto Denko, and Tesa
Other Prominent Vendors in the market are: Adhesives Research, Advance Tapes International, Bostik, Dow Corning, Essentra Specialty Tapes, Evans Adhesive, Franklin International, H.B. Fuller, Hexion, Intertape Polymer Group, Lintec, Lohmann, LORD, MACtac, Nova Films and Foils, Powerband, Royal Adhesives & Sealants, RPM International, Scapa Group, and Shurtape Technologies
Commenting on the report, an analyst from Technavio’s team said: “The demand for sustainable and environment-friendly pressure-sensitive tapes has increased in the past few years because of environmental regulations and consumer preference toward environment-friendly products. These specialty pressure-sensitive tapes are capable of undergoing decomposition into water, carbon dioxide, or biomass. In comparison to ordinary pressure-sensitive tapes, these tapes occupy less landfill space. These sustainable tapes are made of biodegradable polymer, which is obtained by polymerization of bio-based raw material and is a good alternative to the petroleum-based raw material. With fluctuating oil prices, the biodegradable polymer is the best alternative, which poses a major challenge to the global pressure-sensitive tapes market.”
According to the report, pressure-sensitive adhesives are used to manufacture medical tapes, patches or dressings, and other fabrication components. They are broadly classified into synthetic and natural adhesives. The growth in the medical devices sector has increased the demand for these adhesives. Manufacturers of medical devices in the US and Europe are expanding their production capacities to meet the rising global demand. The rising demand for lightweight and advanced medical devices will increase the consumption of adhesives during the forecast period.
Further, the report states that an increase in the cost of raw materials and adhesives used in the production of specialty pressure-sensitive tapes is a major challenge for the growth of the global specialty pressure-sensitive tapes market. Owing to an increase in the demand for high-performance adhesives, vendors must introduce new products to remain competitive in the market. The price of specialty pressure-sensitive tapes correlates with adhesive prices, as adhesives account for the bulk of the manufacturing costs of these tapes. Manufacturers have been facing challenges in areas such as the supply of raw material, fluctuation in demand, and pricing volatility.
3M Company, Avery Dennison, Nitto Denko, Tesa, Adhesives Research, Advance Tapes International, Bostik, Dow Corning, Essentra Specialty Tapes, Evans Adhesive, Franklin International, H.B. Fuller, Hexion, Intertape Polymer Group, Lintec, Lohmann, LORD, MACtac, Nova Films and Foils, Powerband, Royal Adhesives & Sealants, RPM International, Scapa Group, Shurtape Technologies.
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