Rebounding Manufacturing Activity Drives the Global Pressure Sensitive Tapes Market, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) March 19, 2014 -- Follow us on LinkedIn – A deceptively simple looking product, pressure sensitive tapes represents a new breed of self-adhesive products that offer numerous properties, and material characteristics. The tapes have widespread application in everyday lives ranging from simple use in sealing corrugated packages to complicated application of component joining in the assembly of various electrical and electronic products. Construction, automotive, and the medical sectors represent crucial markets for pressure sensitive tapes. Encouraging gains in global manufacturing is signaling an optimistic outlook for the market given its use in diverse manufacturing industries. Future growth in the market is expected to come from expanding applications of pressure sensitive tapes and development of high performance adhesives with improved bonding and joining capabilities. Advancements in raw materials represent another important growth driver. Acrylic polymers based tapes are synthesized from a wide range of co-polymerized monomers. The science and chemistry of polymers, and their adhesion properties are constantly evolving with the use of new types of raw materials, polymerization and cross linking methods.
Packaging tapes or carton sealing tapes used mainly by the food processing and beverage industries currently dominate the market. These tapes are expected to gain market share from traditional box sealing materials such as glue and other sealing solutions. Masking Tapes are finding increasing favor supported by growing construction and automotive manufacturing industries. Strong automobile production, especially from emerging markets, is poised to drive demand for tapes used both in the exterior as well as interiors of vehicles. Growing healthcare spending provides a favorable market climate for Medical Tapes, although tapes in the medical field are being gradually replaced by high-performance glues. Tapes used in the electronics and electrical industries are also expected to witness significant gains owing to rapid growth in consumer electronics.
Custom printed tape solutions used for marketing, packaging, floor marking, pipe identification and such other purposes, are also poised to benefit in the coming years. Increased budgetary outlays for corporate brand promotion are expected to spur demand for custom printed and unprinted tapes. Several packaging tape manufacturers are also offering advanced security tapes such as tamper evident tapes, blacklight security tapes and ultraviolet tapes which make identification of tampering with packaging an easy job.
As stated by the new market research report on Pressure Sensitive Tapes, Asia-Pacific represents the largest market worldwide. China and India with their burgeoning manufacturing sectors along with other high-growth industries such as healthcare and electronics hold the highest potential for all types of pressure sensitive tapes including packaging tapes, electrical and electronic tapes, masking tapes, and medical tapes. Growing population, increased urbanization, infrastructure development and robust pace of industrialization represent key growth drivers in the region.
Key players covered in the report include 3M Company, Adchem Corporation, Adhesives Research Inc., Adhesive Applications Inc., Advanced Flexible Composites Inc., Ahlstrom Corporation, American Biltrite Inc., Avery Dennison Corp, Better Packages Inc., Berry Plastics Corporation, Custom Printed Tape Ltd., DeWAL Industries Inc., H.B. Fuller, Intertape Polymer Group Inc., Jonson Tapes Limited, Lintec Group, Nadco® Tapes & Labels, Inc., Nitto Denko Corporation, Powerband, Scapa Group Plc, Shurtape Technologies LLC, tesa SE, tesa Tape Inc., Yem Chio Co. Ltd., and Achem Technology Corporation, 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 market trends, drivers, issues and challenges. The report provides market estimates and projections in dollars and units for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), the Middle East and Latin America (Brazil and Rest of Latin America). Product segments analyzed include Single Sided Tapes (Packaging Tapes, Masking Tapes, Medical Tapes, Electrical & Electronic Tapes and Other Single Sided Tapes) and Double Sided Tapes.
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 leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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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Raghu Gopal, Global Industry Analysts Inc, +1 408-528-9966, [email protected]
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