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Pressure Sensitive Tapes Market Share, Sales Channels and Overview Till 2027

The global Pressure Sensitive Tapes market is forecast to reach USD 82.94 Billion by 2027, according to a new report by Reports and Data. Increasing concerns regarding the light-weighting of automobiles across the globe have led to the increasing adoption of tapes. Traditionally used products, such as fasteners and adhesives, are being replaced by pressure sensitive tapes, due to the benefits they offer.

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Further key findings from the report suggest

  • Consumer Tapes occupied 22.2% of the market share in 2019. This finds extensive applications in attaching, temporary mounting, and bonding. Plastic backing with a medium to strong adhesive is used for manufacturing the product. Increasing demand from residential and commercial interior modifications is expected to drive the growth for this segment.
  • In terms of material, Foam occupied 17.8% of the market share in 2019. It is one of the majorly used products in the specialty products market. In finds increasing applications in mounting and bonding applications in various cars in the mid to high-end range. It provides benefits, such as superior water, aging, and UV resistance, which leads to increasing demand for the product.
  • In terms of End-Use, the Medical industry occupied 8.40% of the market share in 2019. Pressure Sensitive Tapes are used in the industry to secure dressings and bandages on wounds. These are also used to prevent injuries in sports.
  • The market in Latin America is witnessing a decline in demand due to the low manufacturing ability of the region, along with a rapid economic decline in many countries.
  • In terms of Technology, Hot Melt occupies a significant market share. This is primarily due to the extensive use of the technology in Specialty products, as it provides benefits, such as superior product performance and long life, in both outdoor and indoor products. The technology provides a strong bond between the tape and the surface on which it is applied, as it uses a durable resin or synthetic adhesive.

Read the full report @ https://www.reportsanddata.com/report-detail/pressure-sensitive-tapes-market

Moreover, the report provides insight into how the Pressure Sensitive Tapes market will develop between 2023 and 2027. Companies operating in the Pressure Sensitive Tapes market can benefit from the in-depth dynamics presented in the report, thereby making strategic development decisions that will help them succeed. During the forecast period, the Pressure Sensitive Tapes market is expected to undergo significant changes that will highly configure its growth.

Furthermore, the report highlights the growth prospects of the Pressure Sensitive Tapes market and estimates market progress in terms of value (USD million) and volume (thousand units).

Key Players covered in this report are

Scapa Group PLC, Sika AG, Arkema Group, DOW Corning, 3M, H.B. Fuller, Avery Dennison Corporation, Tesa, Intertape, and Henkel AG & Company KGAA, among others.

Product Outlook (Revenue, USD Billion; 2017-2027)

  • Specialty Tapes
  • Packaging Tapes
  • Consumer Tapes

Material Outlook (Revenue, USD Billion; 2017-2027)

  • Woven/Nonwoven
  • Polyvinyl Chloride
  • Polypropylene
  • Polyethylene Terephthalate (PET)
  • Foam
  • Metal
  • Others

End-Use Outlook (Revenue, USD Billion; 2017-2027)

  • Automotive
  • Aerospace
  • White Goods
  • Electronics
  • Semiconductors
  • Electrical
  • Paper and Printing
  • Construction
  • Medical
  • Hygiene
  • Retail and Graphics
  • Others

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Key Questions Answered in This report on the Pressure Sensitive Tapes Market

The report provides detailed information about the Pressure Sensitive Tapes market on the basis of comprehensive research on various factors that play a key role in accelerating the growth potential of the market. The information mentioned in the report answers path-breaking questions for companies that are currently functioning in the market and are looking for innovative ways to create a unique benchmark in the Pressure Sensitive Tapes market, so as to help them formulate successful strategies and take target-driven decisions.

  • How are key market players successfully earning revenue from the advantages of the product?
  • What will be the Y-o-Y growth of the Pressure Sensitive Tapes market between 2023 and 2027?
  • What are the winning imperatives of market frontrunners in the Pressure Sensitive Tapes market?
  • Which end-user is expected to undertake maximum adoption of the product during the forecast period?

Research Methodology: Pressure Sensitive Tapes Market

The research methodology adopted by analysts to compile the Pressure Sensitive Tapes market report is based on detailed primary as well as secondary research. With the help of in-depth insights of industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the Pressure Sensitive Tapes market.

During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through interviews with genuine resources, analysts have emphasized the changing scenario of the Pressure Sensitive Tapes market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, import and export data of major countries around the world, industrial production index, industry association publications, and company websites to obtain the necessary understanding of the Pressure Sensitive Tapes market.

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About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

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