# Pressure Sensitive Tapes Market to Register Substantial Expansion by 2019-2027 Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2021-11-25 Category: Research Reports Category URL: https://financedigest.com/category/research-reports Meta Title: Global Pressure Sensitive Tapes Market: Key Insights & Meta Description: Discover key highlights such as market size, growth trends, major end-user industries, and environmental concerns. Get insights for informed decision-making. URL: https://financedigest.com/pressure-sensitive-tapes-market-to-register-substantial-expansion-by-2019-2027html ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/research-report-1736836927196-compressed.jpg) **Key Highlights:** - In terms of value, the global [Pressure Sensitive Tapes market](https://www.transparencymarketresearch.com/pressure-sensitive-tape-market.html) was stood around **US$ 65.0 Bn** in **2018** and is anticipated to expand at a CAGR of more than **6%** from **2019** to **2027** - Based on product type, carton sealing tapes held a major share of the market in 2018 owing to increasing online retailing market and growing global cargo scenario - On the basis of backing material, polypropylene was the major material used in pressure sensitive tape in **2018**. It is accounted for more than **50%** of the total Pressure Sensitive Tapes usage in **2018**.It is [projected to exhibit significant growth rate during the forecast period **2019** style=”font-weight: 400;”>to 2](https://www.financedigest.com/texturized-vegetable-protein-market-is-projected-to-expand-at-a-cagr-of-6-5-during-the-period-of-forecast-2021-2031.html "Texturized Vegetable Protein Market is Projected to Expand at a CAGR of 6.5% During the Period of Forecast, 2021-2031") [**027**](https://www.financedigest.com/texturized-vegetable-protein-market-is-projected-to-expand-at-a-cagr-of-6-5-during-the-period-of-forecast-2021-2031.html "Texturized Vegetable Protein Market is Projected to Expand at a CAGR of 6.5% During the Period of Forecast, 2021-2031") [Texturized Vegetable Protein Market is Projected to Expand at a CAGR of 6.5% During the Period of Forecast, 2021-2031](https://www.financedigest.com/texturized-vegetable-protein-market-is-projected-to-expand-at-a-cagr-of-6-5-during-the-period-of-forecast-2021-2031.html "Texturized Vegetable Protein Market is Projected to Expand at a CAGR of 6.5% During the Period of Forecast, 2021-2031") - [In terms of end-user industry, automotive was the dominant end-user industry accounted for more than **20%** of the total](https://www.financedigest.com/texturized-vegetable-protein-market-is-projected-to-expand-at-a-cagr-of-6-5-during-the-period-of-forecast-2021-2031.html "Texturized Vegetable Protein Market is Projected to Expand at a CAGR of 6.5% During the Period of Forecast, 2021-2031") [Pressure Sensitive Tapes market](https://www.financedigest.com/pressure-relief-valves-for-water-and-wastewater-treatment-market-to-represent-a-significant-expansion-at-4-9-cagr-by-2021-to-2031-persistence-market-research.html "Pressure Relief Valves For Water And Wastewater Treatment Market To Represent A Significant Expansion At 4.9% CAGR By 2021 to 2031: Persistence Market Research") in **2018**. It is likely remain dominant application between **2019** and **2027** - Based on region, [Asia Pacific held major share](https://www.financedigest.com/asia-shares-slip-dollar-strong-as-yuan-weakens.html "Asia shares slip, dollar strong as yuan weakens") in **2018** and is expected to grow at significant rate of more than **7%** compared to other region from **2019** to **2027**. Strong [economic growth in China and India followed by increase in online retailing where pressure](https://www.financedigest.com/different-employee-engagement-outcomes-for-u-s-and-canadian-companies-amidst-continued-economic-growth-pressures.html "DIFFERENT EMPLOYEE ENGAGEMENT OUTCOMES FOR U.S. AND CANADIAN COMPANIES AMIDST CONTINUED ECONOMIC GROWTH Pressures") sensitive tapes are majorly utilized is the major factor which drives the demand for pressure sensitive tapes in Asia Pacific - North America and Europe are matured markets [expected to exhibit moderate growth rate](https://www.financedigest.com/ecb-firms-up-expectations-for-july-interest-rate-hike.html "ECB firms up expectations for July interest rate hike") during the forecast period - Growing urbanization, [increase in global trade relation followed by increase in adoption of online retailing](https://www.financedigest.com/omv-q3-retail-and-commercial-margins-increased-q-q.html "OMV: Q3 retail and commercial margins increased q/q") are the major factor which are anticipated to drive the global pressure sensitive tape demand in near future **Get Brochure of the Report @** [https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep\_id=17087](https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=17087) **VOC Emissions during Manufacturing and Volatility in Raw Material** [Prices May Hamper Overall Demand](https://www.financedigest.com/oil-prices-slide-as-hopes-for-china-demand-rebound-fade.html "Oil prices slide as hopes for China demand rebound fade") - There exist major environmental concerns regarding the manufacture of tapes, particularly pressure sensitive tapes - Environmental regulations affect the pressure-sensitive tape technology in two areas: manufacturing process and product design - While forming an adhesive layer on the backing material, [adhesives such as low-viscosity natural rubber and resins](https://www.financedigest.com/paints-and-adhesives-industry-are-creating-demand-for-methyl-silicone-resins-market.html "Paints And Adhesives Industry Are Creating Demand For Methyl Silicone Resins Market") are coated by solvents such as xylene and toluene. Without proper containment devices, these solvents are simply released into the atmosphere. Moreover, energy required to evaporate these solvents emits carbon dioxide into the atmosphere - Solvent-based adhesives contain a significant level of volatile [organic compounds](https://www.financedigest.com/the-compounding-pharmacies-market-to-stick-around-based-on-organic-expansion.html "The Compounding Pharmacies Market to stick around based on organic expansion") (VOCs), which can lead to smog formation and asthma irritations. It is often a reason for environmental concerns worldwide. Hence, emission of VOCs during production of tapes is likely to act as a restraint for the pressure sensitive tapes market - However, the innovation of hot-melt, pressure-sensitive adhesives and water-based acrylate adhesives that require no solvent and consume minimum [energy can mitigate the restraint arising out of environmental regulations](https://www.financedigest.com/uk-energy-regulator-drops-plan-to-ring-fence-customers-cash.html "UK energy regulator drops plan to ring fence customers’ cash") - On the other hand, volatility in the [price of raw materials due to changing price of crude is likely to affect the development](https://www.financedigest.com/upset-by-high-prices-gms-cruise-develops-its-own-chips-for-self-driving-cars.html "Upset by high prices, GM’s Cruise develops its own chips for self-driving cars") of the market adversely over the assessment tenure, from **2019** to **2027**. In addition, [regulations pertaining to the use of backing](https://www.financedigest.com/eu-regulator-backs-two-omicron-adapted-covid-boosters.html "EU regulator backs two Omicron-adapted COVID boosters") materials and adhesives for several applications are factors that could add to the complications of the regulatory framework - This is also major factor which may hamper the overall demand for Pressure Sensitive Tapes during the [forecast period **2019** style=”font-weight: 400;”>to](https://www.financedigest.com/servo-press-market-to-register-a-robust-growth-rate-during-the-forecast-period-2017-2025.html "Servo Press Market to Register a Robust Growth Rate During the Forecast Period 2017 – 2025") [**2027**](https://www.financedigest.com/servo-press-market-to-register-a-robust-growth-rate-during-the-forecast-period-2017-2025.html "Servo Press Market to Register a Robust Growth Rate During the Forecast Period 2017 – 2025") [Servo Press Market to Register a Robust Growth Rate During the Forecast Period 2017 – 2025](https://www.financedigest.com/servo-press-market-to-register-a-robust-growth-rate-during-the-forecast-period-2017-2025.html "Servo Press Market to Register a Robust Growth Rate During the Forecast Period 2017 – 2025") [Servo Press Market to Register a Robust Growth Rate During the Forecast Period 2017 – 2025](https://www.financedigest.com/servo-press-market-to-register-a-robust-growth-rate-during-the-forecast-period-2017-2025.html "Servo Press Market to Register a Robust Growth Rate During the Forecast Period 2017 – 2025") [**Pre Book our Premium Research Report@**](https://www.financedigest.com/servo-press-market-to-register-a-robust-growth-rate-during-the-forecast-period-2017-2025.html "Servo Press Market to Register a Robust Growth Rate During the Forecast Period 2017 – 2025") [https://www.transparencymarketresearch.com/checkout.php?rep\_id=17087<ype=S](https://www.transparencymarketresearch.com/checkout.php?rep_id=17087<ype=S) **Asia Pacific Expected to be Highly Lucrative Region of** [Global Pressure Sensitive Tapes Market](https://www.financedigest.com/primayer-case-study-relieving-the-pressure-on-water-companies-and-opening-global-markets.html "Primayer case study: Relieving the pressure on water companies and opening global markets") - In terms of volume and value, [Asia Pacific held the largest share](https://www.financedigest.com/asia-shares-ease-euro-slugged-by-energy-crisis.html "Asia shares ease, euro slugged by energy crisis") of the global pressure sensitive tapes market in **2018** across the globe. Boom in the manufacturing sector, the electronics and electrical sector, motor vehicle assembly, and the accelerating construction and packaging industry in the region is [fueling the demand](https://www.financedigest.com/oil-falls-on-concerns-economic-slowdown-may-dent-fuel-demand.html "Oil falls on concerns economic slowdown may dent fuel demand") for pressure sensitive tape - In terms of value, Asia Pacific was [estimated to hold](https://www.financedigest.com/ibm-beats-first-quarter-profit-estimates-signals-demand-holding-up.html "IBM beats first-quarter profit estimates, signals demand holding up") for more than **40%** share of the global pressure sensitive tapes market in **2018**. This trend is anticipated to continue during the forecast period **2019** to **2027** - China and [India are the key countries which are expected to drive the pressure](https://www.financedigest.com/exclusive-tinder-owner-match-ups-antitrust-pressure-on-apple-in-india-with-new-case.html "Exclusive-Tinder-owner Match ups antitrust pressure on Apple in India with new case") sensitive tapes market demand in near future. These [countries accounted for combined share](https://www.financedigest.com/netflix-cuts-prices-in-some-countries-to-boost-subscriptions-shares-drop.html "Netflix cuts prices in some countries to boost subscriptions, shares drop") of more than **60.0%** in **2018** in Asia Pacific region **Global Pressure Sensitive Tapes** [Market -Key Developments](https://www.financedigest.com/steel-pipe-market-notable-developments-geographical-outlook.html "Steel Pipe Market: Notable Developments & Geographical Outlook") - In **2018,** Avery Dennison Corporation has introduced a new line of acrylic pressure sensitive adhesive (PSA) tapes which offers a high performance alternative to conventional bonding methods used to install resilient flooring is now available in North America - The new line of acrylic PSA tapes makes life easier for flooring manufacturers, converters, builders, contractors and installers by eliminating cure time and simplifying the floorings’ installation **[Global Pressure](https://www.financedigest.com/asias-factory-activity-weakens-on-global-slowdown-cost-pressures.html "Asia’s factory activity weakens on global slowdown, cost pressures") Sensitive Tapes Market: Competition Landscape** - The global pressure sensitive tape [market features a highly fragmented competitive landscape](https://www.financedigest.com/veggie-meals-market-2022-outlook-current-and-future-industry-landscape-analysis-2031.html "Veggie Meals Market 2022 Outlook, Current and Future Industry Landscape Analysis 2031") with the presence of a large number of global and regional players. Some of the key players in the global pressure sensitive market are **Nitto Denko Corporation, Lintec, Avery Dennison Corporation, Henkel AG & Company KGaA, 3M, Adchem Corporation, and Canadian Technical Tape Limited among others** **Get Trending Report-** [https://www.prnewswire.com/news-releases/environment–friendly-characteristics-extensive-use-in-protective–decorative-applications-to-propel-powder-coatings-market-during-forecast-period-tmr-study-301361506.html](https://www.prnewswire.com/news-releases/environment--friendly-characteristics-extensive-use-in-protective--decorative-applications-to-propel-powder-coatings-market-during-forecast-period-tmr-study-301361506.html) **About Us** Transparency [Market Research is a global market intelligence](https://www.financedigest.com/artificial-intelligence-ai-to-catalyze-the-autologous-matrixinduced-chondrogenesis-market.html "Artificial Intelligence (AI) to catalyze the Autologous Matrixinduced Chondrogenesis Market") company, providing global business information reports and services. 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