The Pressure Sensitive Adhesive Tapes market is projected to reach USD 42213.79 Million by 2023

There are major five classification of Pressure Sensitive Adhesive Tapes in this report, BOPP Tapes, PVC Insulation Tapes, PET Tapes, Labels, Double Sided Tapes, Aluminum Foil Tape. Globally, the production value share of each type of Pressure Sensitive Adhesive Tapes is 45.08%, 5.68%, 1.95%, 17.74%, 9.87% and 2.02% in 2016.

Pressure Sensitive Adhesive Tapes are used for Packaging, Building & Construction, Electrical & Electronics, Automotive, Health & Hygiene and other applications. Packaging has the largest market share, about 52.37% in 2016.

The Pressure Sensitive Adhesive Tapes market is projected to reach USD 42213.79 Million by 2023, at a CAGR of 3.47% from 2017 to 2023. The global Pressure Sensitive Adhesive Tapes industry reached a production volume of approximately 45394 M sq. m in 2016 and is expected to reach 65140 M sq. m in 2023.

The Pressure Sensitive Adhesive Tapes market is marked with intense competition due to the presence of a large number of players. New product launches and acquisitions are the key strategies adopted by market players to expand their business in the industry. The Pressure Sensitive Adhesive Tapes market is dominated by several large players such as 3M, Nitto, Avery Dennison Corporation, Tesa (Beiersdorf AG), Berry Plastics, Intertape Polymer Group, Tremco illbruck (Adhere Pressure Sensitive Adhesive Tapes), Scapa and so on.

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At present, in the foreign industrial developed countries the Pressure Sensitive Adhesive Tapes industry is generally at a more advanced level, the world's large enterprises are mainly concentrated in Europe. Meanwhile, foreign companies have more advanced equipment, strong R & D capability, the technical level is in a leading position.

China is projected to grow the fastest from 2016 to 2023, because of the increasing manufacturing facilities and businesses in the region, due to which the demand of Pressure Sensitive Adhesive Tapes is increasing. Due to the government’ positive policy in urban heating industry in China, there is a massive growth of Electrical Tapes production during 2012 to 2016. Currently there are more and more manufacturers want to take a position of the domestic market. Compare to the early years, Chinese consumers now import less and less foreign products.

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