Global Demand for Pressure Sensitive Tapes to Reach $67 Billion by 2024

Manufacturing

Industry Experts, Inc. published the global market report on Pressure sensitive adhesive (PSA) tapes. As per the new report entitled “Pressure Sensitive Adhesive (PSA) Tapes – A Global Market Overview”, Polypropylene dominates as a backing material of PSA tapes accounted for about 60% of global market in terms of volumes in 2017.

Pressure sensitive adhesive (PSA) tapes, also known as self-adhesive tapes, will adhere to most of the substrates with pressure and do not require any solvent, water or heat to activate the adhesive. Pressure Sensitive Adhesive Tapes are widely used in many different applications in automotive, electrical & electronics, medical, packaging and other industrial sectors. Pressure-sensitive tapes with advanced acrylic adhesive technologies have become the bonding solution of choice in a vast number of applications covering diverse industries and have replaced liquid and spray adhesives, mechanical fasteners and other bonding and fastening systems.

Industry Experts, Inc’s analysts estimated that the Packaging tapes accounted the lion’s share of global PSA Tapes market with about 65% in terms of volume in square meters, in 2017, while Medical & Hygiene tapes ranks top in terms of value with $10 billion in the same year. Asia-Pacific is projected to grow faster than any other region, both in terms of volume consumption and market value through to 2024.

 

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