Pressure Sensitive Adhesive Tapes Market Size & Share, by Chemistry (Acrylic PSA, Rubber PSA, Silicone PSA); End User (Packaging, Electronics, Healthcare, Commercial Graphics, Transportation); Application (Tapes, Labels, Graphics); Type (Single-Sided, Double-Sided) - Global Supply & Demand Analysis & Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5790
  • Published Date: Apr 22, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

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.


Pressure Sensitive Adhesive Tapes Market overview
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Pressure Sensitive Adhesive Tapes Sector: Growth Drivers and Challenges

Growth Drivers

  • Rising demand for sustainable pressure-sensitive adhesive tapes - Over the foreseen timeline, new possibilities are anticipated due to the demand for pressure-sensitive adhesives that are based on biotechnology. Bio-based pressure-sensitive adhesives are becoming more and more necessary as the demand for sustainable solutions grows on a global scale. Pressure-sensitive adhesives based on biotechnology can be produced with ease because they can be produced using conventional emulsion and mini-emulsion polymerization methods.
  • Surge in e-commerce and online retail packaging - Packaging is perhaps more free-form and unpretentious than ever before, owing to the swift progress made in digital commerce, distribution, and print. The widespread use of smart devices has enabled designers to produce packaging that is more unique and imaginative by absorbing all the previously required data that was a hindrance. They are reaping the rewards of having a blank canvas. In 2020, global e-commerce sales amounted to USD 4.28 trillion. Brands now prioritize efficiency and sustainability above all else, with a significant emphasis on the consumer experience, and there is still a great chance to surpass the expectations of the customer with packaging. Consumers now consider more factors when making decisions about what to buy than just the product itself, such as eco-credentials, personalization, and interaction, all of which are strongly reflected in the flexible packaging.
  • Emphasis on lightweight in aerospace applications - The aerospace industry's inexorable pursuit of fuel efficiency and performance optimization has led to an increased emphasis on lightweight materials in aircraft manufacturing. Pressure-sensitive adhesive tapes are essential for joining and sealing lightweight parts, which helps aircraft fly lighter overall. The need for improved adhesive solutions in aircraft applications is predicted to increase significantly as the sector develops further, emphasizing fuel efficiency and sustainability.

Challenges

  • Raw material price volatility - Fluctuations in the prices of raw materials, such as adhesives and backing materials, can impact the overall production cost which can impede the augmentation of the pressure sensitive adhesive tapes market expansion. This volatility may arise due to geopolitical factors, supply chain disruptions, or changes in demand for key materials. Sudden increases in raw material prices can squeeze profit margins for manufacturers, potentially leading to increased product prices for consumers or a need for cost-saving measures within the industry.
  • Strict laws and regulations about the production of pressure-sensitive adhesives are expected to impede the rate of market growth because they raise many health concerns and demonstrate recycling challenges. This element is slowing the rate of pressure sensitive adhesive tapes market expansion by restricting the use of pressure-sensitive adhesives across several sectors.
  • Global supply chain disruptions due to increased prevalence of diseases.

Pressure Sensitive Adhesive Tapes Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

13%

Base Year Market Size (2023)

USD 24 Billion

Forecast Year Market Size (2036)

USD 57 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Pressure Sensitive Adhesive Tapes Segmentation

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:

          Type

  • Single-Sided
  • Double-Sided

          End User

  • Packaging
  • Electronics
  • Healthcare
  • Commercial Graphics
  • Transportation

          Chemistry

  • Acrylic PSA
  • Rubber PSA
  • Silicone PSA

          Application

  • Tapes
  • Labels
  • Graphics

          Resin Type

  • Acrylic
  • Rubber
  • Silicone

          Backing Component

  • Polypropylene (PP)
  • Paper
  • Polyvinyl Chloride (PVC)

          Category

  • Commodity Tapes
  • Specialty Tapes

          Technology

  • Water-Based
  • Solvent-Based

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Pressure Sensitive Adhesive Tapes Industry - Regional Synopsis

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.

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Pressure Sensitive Adhesive Tapes Market size
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Companies Dominating the Pressure Sensitive Adhesive Tapes Market

top-features-companies
    • 3M Company
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Avery Dennison Corporation
    • Nitto Denko Corporation
    • Tesa SE (A Beiersdorf Company)
    • Henkel AG & Co. KGaA
    • Intertape Polymer Group Inc.
    • LINTEC Corporation
    • Shurtape Technologies, LLC
    • Berry Global Group, Inc.
    • Scapa Group plc

In the News

  • 3M company inaugurated a new Verify app to assist in handling counterfeit personal protective gadgets.
  • 3M Company spent in EVOLOH, a cleantech organization that's working to scale up production of its electrolyzers to make green hydrogen pocket-friendly and effective.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5790
  • Published Date: Apr 22, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The relentless development in automotive production technologies will majorly drive the market growth of the pressure sensitive adhesive tapes market.

The market size of the pressure sensitive adhesive tapes market is expected to get a CAGR of approximately 13% over the forecast period, i.e., 2024-2036.

The major players in the market are 3M Company, Avery Dennison Corporation, Nitto Denko Corporation, Tesa SE (A Beiersdorf Company), Henkel AG & Co. KGaA, Intertape Polymer Group Inc., LINTEC Corporation, Shurtape Technologies, LLC, Berry Global Group, Inc., Scapa Group plc., Nitto Denko Corporation, LINTEC Corporation, Sumitomo Bakelite Co., Ltd., NICHIBAN Co., Ltd., Furukawa Electric Co., Ltd.

The double-sided segment is anticipated to reap the largest market size with almost 60% by the end of 2036 and demonstrate substantial growth scopes.

The market in the APAC region is set to have the largest market share of 41% by the end of 2036 and provide more business opportunities in the future.
Pressure Sensitive Adhesive Tape Market Report Scope
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