Industry News

PSA Tapes Market to Reach USD 67.76 Billion by 2022

Published on 2017-10-20. Author : SpecialChem

The report "Pressure Sensitive Adhesive Tapes Market by Resin type (Acrylic, Rubber, Silicone), Category (Commodity, Specialty), Backing Material (Polypropylene, Paper, PVC), Type, End-Use Industry, and Region - Global forecast to 2022", The PSA tapes market is projected to grow at a CAGR of 6.22%, from an estimated 50.12 Billion in 2017 to 67.76 Billion in 2022.

PSA Tapes Market to Reach USD 67.76 Billion by 2022

Demand of PSA Tapes

The demand for PSA tapes is high in end-use industries such as medical & healthcare, packaging, electrical & electronics, transportation, and construction due to their ease of use and wide availability. Acrylic is the highest used resin type for PSA tapes across the globe. Growth in various end-use industries, especially in the Asia Pacific, is driving the global PSA tapes market.

Silicone-based PSA Tapes

  • The performance of silicone-based PSA tapes is excellent on low surface energy substrates.
  • Silicone-based PSA tapes can maintain adhesion over a larger temperature range and possess the ability to adhere to difficult surfaces.
  • Major players are planning to increase the production capacity of silicone PSA tapes considering the future demand.
  • Silicone PSA consists of silicone polymers and is widely used in specific industrial applications such as solar and wind energy, heavy machinery, and applications involving extreme environments, especially in aerospace in the form of masking tapes, process tapes, and high-performance insulation laminates, wherein organic PSA do not fulfill the required properties.

Paper PSA Tapes Segment to Lead PSA Tapes Market

The growing awareness regarding PSA tapes in different end-use industries has encouraged tape manufacturers to focus on products where these tapes can replace other fastening systems. For instance, in the automotive industry, there is an increasing government regulation for manufacturing lightweight vehicles. Such regulations have propelled the demand for paper PSA tapes due to their benefits such as being lightweight and economical.

Among regions, Asia Pacific is expected to be the fastest-growing PSA tapes market. In this region, PSA tapes are finding applications in various end-use industries, such as medical & healthcare, packaging, electrical & electronics, transportation, construction, and others. This high growth is mainly attributed to high-growth economies such as China, India, Taiwan, and other smaller countries, such as Indonesia, Vietnam, and Malaysia. China is the leading market in terms of the demand for PSA tapes in Asia Pacific.

3M Company (US), Nitto Denko Corporation (Japan), Tesa SE (Germany), Lintec Corporation (Japan), Intertape Polymer Group, Inc. (Canada), and Avery Dennison Corporation (US), among others are the key players operating in the PSA tapes market.

PS: If you liked this News, you might enjoy our Adhesives Industry Newsletter. All the Industry News delivered once a week right to your inbox. Sign up here!

Source: MarketsandMarkets™
Improve your performance with water soluble epoxy compounds
Naphthenic Oils For Better Adhesion
Back to Top