Global Specialty Pressure Sensitive Tapes Market Analysis Report By Product (Carton Sealing Tape; Masking Tape; Double Sided Tape; and Specialty Tape), By Backing Material (Polypropylene; Paper; Polyvinyl Chloride and Others), By End-User (Food & Beverage; Building & Construction; Electrical & Electronics; Automotive, and Healthcare)- Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Specialty Pressure Sensitive Tapes Market held USD 61.58 billion in 2020 and is to grow with a CAGR of 3.9% from 2020-2030. A specialty pressure-sensitive tape is a backing material or carrier that is often covered with an adhesive or a liner for release. These are made using coating technologies such as solvents, hot melt, and dispersion-based technologies. Specialty pressure sensitive tapes are based on hot melt technology, that uses a resin adhesive or strong synthetic rubber which results in a strong bond between the tape and the surface on which it is applied. Specialty pressure-sensitive tape are commonly used in applications for labeling, wrapping, sealing, stationery, electrical insulation and general use. Specialty pressure-sensitive tapes are used in the automotive industry for joining interior parts, roofing and glass bonding. In the building industry the commodity is commonly used for ceramic tiles, concrete, walls, panels and roofing. Specialty pressure sensitive tapes has wide applications in multiple automotive applications like surface protection, automotive body repairs, wire harnessing, masking, and electric insulation.

Market Dynamics and Factors:

The increase in construction activities is one of the demanding specialty pressure-sensitive tape market trend. For the production of  plywood, carpet sealing tapes, doors and windows, panel bonding. The building industry uses specialized bands. Additionally, these specialty pressure sensitive tapes are often used for floor and roof tiles as film or scratchproof coating. Growing demand for public infrastructure in developing countries such as Brazil, Russia, India, China, and South Africa (BRICS) and the Gulf Cooperation Council (GCC) would improve specialty pressure-sensitive tape market size prospects in the coming years. Additionally, increasing investments from emerging-country governments like China and India in infrastructure development will also fuel specialty pressure sensitive tape market demand during the forecast period of the pressure sensitive tapes industry. The increase in usage of hot melt technology for the production of double-sided tapes is expected to increase the pressure sensitive tapes market size over the forecast period, especially for mounting in the building & construction and automotive industries, thus it will be a fuelling specialty pressure sensitive tapes market trend, over the forecast period.  

Market Segmentation:

Based on the product, the global specialty pressure sensitive tapes market is classified into masking tape, carton sealing tape, specialty tape and double sided tape. Depending upon the backing material, the industry is bifurcated into paper, polypropylene, polyvinyl chloride and others. On the basis of end-user, the specialty pressure sensitive tapes market is segmented into building & construction, food & beverage, automotive, electrical & electronics, and healthcare. Geographic segmentation includes regions like North America, Europe, Asia-Pacific, and RoW.

Geographic Analysis:

Asia Pacific accounts for the significant global specialty pressure sensitive tapes market share, both in terms of revenue and volume. This is because China is the main specialty pressure-sensitive tape market, supplying regional demand as well as catering to Europe's and North American international markets. Together with China, Taiwan and Indonesia also produce export-destined specialty pressure-sensitive tapes. Single coated tapes like masking tape and BOPP pressure sensitive  tape in the light of booming packaging and automotive industry in Asia Pacific holds a large specialty pressure sensitive tape market share. Masking tape growth is also likely to be powered by the regional construction and automotive development. Specialized tape segments such as double coatings, transfers, foam and medical bands are likely to see significant gains particularly in the Asia Pacific region due to increased accessibility of healthcare around the world, thus fuelling the specialty pressure sensitive tapes market size.

Competitive Scenario:

The key players of global specialty pressure sensitive tapes industry are Canadian Technical Tape Limited, Lintec, Avery Dennison Corporation, Nitto Denko Corporation, 3M Adchem Corporation and Henkel AG & Company KGaA

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