The infographic below contains key findings from our analysis of the specialty pressure-sensitive tapes market
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Overview of the global specialty pressure sensitive tapes market
The global specialty pressure sensitive tapes market report predicts the market to grow steadily during the next four years and post a CAGR of more than 5% by 2021. The increase in construction activities is one of the primary specialty pressure sensitive tapes market drivers. The construction industry uses specialty tapes for manufacturing doors and windows, plywood, carpet sealing tapes, and panel bonding. Additionally, these tapes are also used as a film or scratchproof coating for floor and roof tiles. The growing demand for public infrastructure in emerging countries such as the Brazil, Russia, India, China, and South Africa (BRICS) and Gulf Cooperation Council (GCC) countries will propel the growth prospects for the pressure sensitive tape market in the coming years. Additionally, the increasing investments from the governments of emerging countries such as China and India towards infrastructure development will also fuel market growth in the coming years.
According to the specialty pressure sensitive tapes market analysis, in terms of geographical regions, APAC will account for the major shares and dominate the market throughout the predicted period. The rise in demand from the construction, packaging, furniture, and leather industries will boost the market’s growth prospects in this region. Furthermore, the growth of the automotive industry in this region will also propel the demand for specialty tapes, in turn, aiding market growth.
Competitive landscape and key vendors
The market has the presence of different distribution channels such as wholesalers, distributors, retailers, and dealers and appears to be highly fragmented. The competition among the specialty tape manufacturing companies is intense and vendors usually compete on the basis of parameters such as product portfolio, differentiation, and pricing. The market also consists of several smaller and local distributors who compete on the basis of cost, raw materials, and quality and they find it difficult to compete with the international adhesive tape manufacturers.
According to the specialty pressure sensitive tapes market research, the leading vendors in the market are -
- 3M Company
- Avery Dennison
- Nitto Denko
- Tesa
The 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.
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Segmentation by types of material and analysis of the specialty pressure sensitive tapes market
During 2016, the plastic segment accounted for the major specialty pressure sensitive tapes market share. PVC and polypropylene are the primary resins used as backing materials in pressure sensitive tapes. The advantages offered by PVC will increase their demand from the construction and industrial markets, subsequently driving market growth in this segment.
Segmentation by end-users and analysis of the specialty pressure sensitive tapes market
- Medical and surgical hygiene
- Electronics and electrical
- Automotive
- Construction
This specialty pressure sensitive tapes market forecast estimates that due to the increased demand for medical devices and products such as surgical tapes, strip bandages, and medical tapes from the emerging markets such as South America and Canada, the medical and surgical hygiene sector was the major end-user segment to the specialty pressure sensitive tapes market during 2016.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global specialty pressure sensitive tapes market?
- What are the key market trends impacting the growth of the global specialty pressure sensitive tapes market?
- What are the challenges to market growth?
- Who are the key vendors in the global specialty pressure sensitive tapes market?
- What are the market opportunities and threats faced by the vendors in the global specialty pressure sensitive tapes market?
- Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
- What are the key outcomes of the five forces analysis of the global specialty pressure sensitive tapes market?
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