Global Pressure Sensitive Tapes Market to Reach 54.1 Billion Square Meters by 2027
Amid the COVID-19 crisis, the global market for Pressure Sensitive Tapes estimated at 43.7 Billion Square Meters in the year 2020, is projected to reach a revised size of 54.1 Billion Square Meters by 2027, growing at a CAGR of 3.1% over the analysis period 2020-2027. Box Sealing Tapes, one of the segments analyzed in the report, is projected to record a 2.9% CAGR and reach 34.7 Billion Square Meters by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Specialty Tapes segment is readjusted to a revised 3.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at 11.8 Billion Square Meters, While China is Forecast to Grow at 5.7% CAGR
The Pressure Sensitive Tapes market in the U.S. is estimated at 11.8 Billion Square Meters in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 11.1 Billion Square Meters by the year 2027 trailing a CAGR of 5.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.9% and 2.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR.
Masking Tapes Segment to Record 2.9% CAGR
In the global Masking Tapes segment, USA, Canada, Japan, China and Europe will drive the 2.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of 2.9 Billion Square Meters in the year 2020 will reach a projected size of 3.5 Billion Square Meters by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 7.5 Billion Square Meters by the year 2027, while Latin America will expand at a 3.8% CAGR through the analysis period. We bring years of research experience to this 19th edition of our report. The 420-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- 3M Company
- Adhesives Research, Inc.
- Ahlstrom-Munksjö Oyj
- Avery Dennison Corporation
- Beardow & Adams (Adhesives) Limited
- Berry Global, Inc.
- Coroplast Fritz Müller GmbH & Co. KG
- DeWAL Industries Inc.
- Dow Inc.
- Essentra Specialty Tapes, Inc.
- Franklin International, Inc.
- Godson Tapes Pvt. Limited
- H.B. Fuller Company
- Henkel AG & Co. KGaA
- Intertape Polymer Group Inc.
- Jowat SE
- Krückemeyer GmbH
- LINTEC Corporation
- Luxking Group Holdings Limited
- Nitto Denko Corporation
- Saint-Gobain Performance Plastics Corporation
- Scapa Group, plc
- Shurtape Technologies, LLC
- Stokvis Tapes BV
- tesa SE
- Yem Chio Co. Ltd.
- Zhejiang Yonghe Adhesive Products Co., Ltd.