Global Pressure Sensitive Tapes Market to Reach US$29.7 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Pressure Sensitive Tapes market. Worldwide pressure sensitive tapes market is projected to reach US$29.7 billion by the year 2015. Although presently tempered by the recession, rising end market demand, dynamic growth in Asia, statutory requirements on ingredients/contents and health concerns will warrant continued use of pressure sensitive tapes in foreseeable future.

Pressure Sensitive Tapes: A Global Strategic Business Report

Demand for pressure sensitive tapes is soft due to the overall weakness in world economic condition and the resulting lack of consumer demand. However, radical cost-cutting measures, and relatively strong demand from emerging nations, especially in Asia-Pacific, have improved market performance in the beginning of 2010. Cautious optimism prevails among market players as the frozen economy begins to thaw. In the post recession period, growth fundamentals such as, rising population, greater demand in food packaging, growing base of aging population, among others, will all trigger demand for products that utilize pressure sensitive labels. Government regulations such as statutory requirements on ingredients/contents and health warnings will also warrant greater use of pressure sensitive labels.

Although the growth for pressure sensitive labels in North America has slowed down significantly from the previous levels, market demand will continue to remain modest. As stated by the new market research report, developed markets such as Europe, Japan, and United States collectively account for more than half of the global pressure sensitive tapes market. Besides challenging economic environment, escalating raw material prices, maturity of pressure sensitive labeling and already high penetration levels in key end-use sectors such as construction and food and beverage will keep market demand subdued in developed nations for the foreseeable future.

Future growth opportunities in this market will stem from Asia-Pacific, with the region flaunting a CAGR of more than 5.0% over the analysis period. The march is being led by China, which is witnessing substantial growth, spurred by rising investment in infrastructure development and construction projects in the country. Market for Medical tapes in Asia-Pacific is expected to surge at a CAGR of more than 7.0% during the analysis period.

From the segmental perspective, the weak demand for masking tapes was due to lower levels of activity in the automotive and construction sector since late 2008, as an aftermath to the global economic crisis. Packaging tapes market is expected to continue its dominance. Packaging tapes (including corrugated carton sealing tapes) experienced demand deceleration compared to the performance during the 2000-2007 period, due to constrained spending on food and beverage products worldwide.

Leading global and regional players operating in the industry include 3M Company, Achem Technology Corporation, Adchem Corporation, Adhesives Research Inc., Advanced Flexible Composites Inc., American Biltrite Inc., Avery Dennison Corp, Better Packages, Berry Plastics Corporation, DeWAL Industries Inc., Dielectric Polymers Inc., Intertape Polymer Group Inc., Nitto Denko Corporation, Scapa Group Plc, Shurtape Technologies LLC, and Tesa Tape Inc., among others.

The research report titled "Pressure Sensitive Tapes: A Global Strategic Business Report", announced by Global Industry Analysts Inc., provides a comprehensive review of technology and end-use application trends, market drivers, issues, and challenges. Richly annotated with authoritative, and unbiased commentaries, and hard-to-find statistical facts, the report provides unequivocal views on future potential while throwing light on the prevailing climate in key product segments. Product markets analyzed in the report include Single Sided Tapes inclusive of (Packaging Tapes, Masking Tapes, Medical Tapes), and Double Sided Tapes. The study provides market estimates and projections in volume (in million square feet) and value (US$ Million) for major geographic markets including the United States, Canada, Japan, France, Germany, Italy, United Kingdom, Spain, Russia, Asia-Pacific, Latin America, and Middle East, among others. Also provided in the report is an enumeration of recent mergers, acquisitions, and other strategic industry activities.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Pressure_Sensitive_Tapes_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com/

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