Pressure Sensitive Adhesive Tapes Market size is anticipated to reach USD 57 Billion by the end of 2036, growing at a CAGR of 13% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of pressure sensitive adhesive tapes was over USD 24 Billion.
The main reason behind the enlargement of the pressure sensitive adhesive tapes market share is the relentless development in automotive production technologies. With the automobile industry rapidly moving toward lighter weight, increased safety, and greater aesthetics, there has been a noticeable increase in demand for sophisticated adhesive solutions, especially pressure-sensitive tapes. A significant technological advancement is lightweight materials, which can raise the fuel efficiency of passenger cars by 6-8% for every 10% decrease in weight.
In addition, the increasing demand for bio-based and sustainable equipment in construction sectors globally is surging the pressure sensitive adhesive tapes market growth rate by the end of the projected period. Approximately 35% of the world's energy consumption, 55% of all electricity used worldwide, and 38% of all CO2 emissions are attributed to buildings.
In fact, solely embodied CO2 emissions from equipment and materials make up 15% of the building's life cycle emissions; in extremely energy-efficient buildings, this percentage can reach 45–50%. Therefore, the world is inclining towards sustainable construction equipment choices like pressure sensitive adhesive tapes.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
13% |
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Base Year Market Size (2023) |
USD 24 Billion |
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Forecast Year Market Size (2036) |
USD 57 Billion |
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Regional Scope |
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Type (Single-Sided, Double-Sided)
The double-sided segment in the pressure sensitive adhesive tapes market is estimated to gain the largest revenue share of 60% in the year 2036. The relentless drive towards smaller, more compact electronic devices will primarily drive the double-sided adhesive tapes segment. With wearables, smart gadgets, and consumer electronics all continuing to advance, there is an increasing need for tapes that make component integration and shrinking easier.
Double-sided tapes contribute to the continued trend of small, multipurpose devices by providing an accurate and effective bonding solution for fragile electronic components. Microelectromechanical systems (MEMS) sensors are extensively employed in electronics, and within the last ten years, their average size has dropped by more than 50%.
Double-sided sticky tapes are becoming more and more popular due to the car industry's emphasis on efficient assembly and interior design. These tapes are essential for gluing panels, trim pieces, and interior components, and they give manufacturers a dependable and efficient way to improve the durability and beauty of automobile interiors.
There is a significant increase in demand for double-sided tapes in automotive applications as automakers prioritize quick assembly procedures. Thus, this will help the pressure-sensitive adhesive industry to grow impeccably by the end of 2036.
End User (Packaging, Electronics, Healthcare, Commercial Graphics, Transportation)
The packaging segment is set to garner the largest pressure sensitive adhesive tapes market share of around 35% in the year 2036. With consumers seeking more individualized and distinctive experiences, packaging has emerged as a crucial component of brand distinction. Customers now expect and want individualized experiences because of online pioneers like Amazon; according to the pressure sensitive adhesive tapes landscape survey of 1,000 US adults revealed that 80% of respondents desired customization from merchants.
Customized packaging solutions that reflect brand identity, engage consumers emotionally, and enhance the overall unboxing experience are driving growth. This trend is especially noticeable in markets for high-end consumer goods, luxury items, and cosmetics. Due to technological developments, smart packaging solutions are now available that include RFID tags, QR codes, and sensors. These technologies improve product safety, allow tracking across the production chain, and give consumers useful information.
Our in-depth analysis of the global pressure sensitive adhesive tapes market includes the following segments:
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Type |
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End User |
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Chemistry |
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Application |
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Resin Type |
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Backing Component |
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Category |
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Technology |
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APAC Market Statistics
The pressure sensitive adhesive tapes market value expansion in the Asia Pacific region is poised to hold the largest market share of 41% by the end of 2036. The growing manufacturing and pharmaceutical industries in budding countries like China, Japan, and the rest of the Asia Pacific region will fuel the market development in this region.
For instance, According to Business China, the top 10 businesses own around 20% of the pressure sensitive adhesive tapes market, with thousands of domestic Chinese companies making up the remaining 70%. On the other hand, in the majority of developed nations, the top 10 corporations hold around half of the market.
Moreover, Japan has a very diverse range of extremely successful advanced industries within its manufacturing industry.
North American Market Analysis
The pressure sensitive adhesive tapes market in the North America region is projected to hold the second-largest share during the forecast period. The reason behind the expansion of the market revenue in the North America region is credited to the increasing advancement in the healthcare sector in this region.
Recent technological breakthroughs have contributed to the dedication to innovation. Patients can anticipate receiving more care in the future that is powered by advanced robots for operations and treatments, predictive analytics, 3D modeling, chatbots that offer 24/7 individualized health advice, and the use of drone deliveries to reduce supply chain problems.
Author Credits: Smruti Ranjan, Rajrani Baghel
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