July 01, 2022
Masking tape is therefore estimated to witness significant volume gains at a CAGR of 6. Ample availability of raw materials including PVC and polypropylene in China is projected to propel the market from.Read detailed report or request for sample of this research. Also, consumption of the product has observed a significant growth in the past few years owing to its compatibility with various sterilization forms and non-toxic nature.
This factor can be majorly attributed to growing demand for corrugated materials used in packaging owing to their property of high resilience and protection.0% over the forecast period as a result of growing construction industry in the wake of population growth, government infrastructural plans, and urbanization.com/industry-analysis/pressure-sensitive-tapes-market/requestGrand View Research has segmented the global Pressure Sensitive
Tape Market on the basis of backing material, product, application, and region:Global Pressure Sensitive Tape Backing Material Outlook (Volume, Million Square Teflon Tape High Quality Low Price Meters; Revenue.A key driver in the masking tape industry is the growing consumption pattern from automotive and construction sector owing to properties including holding power, improved moisture resistance, better conformability and instant adhesion.There is a rising demand for corrugated boxes primarily in developing countries including India, Brazil, and China which is expected to trigger market expansion of the global market share in 2014.In 2014, demand for the product was of global share revenue owing to growing up gradation and building activities in the US and infrastructure development in Mexico and Canada.
The global pressure sensitive tape industry is projected to reach over. New launches include a product development by Saint-Gobain in April 2014. They together constituted over 20. It is a double-sided acrylic tape with high performance, NORBOND A7300, and NORBOND A7200.26 billion over the forecast period.44 billion square meters at the global level.Pressure sensitive tape industry is fragmented with the presence of various companies including Lintec, 3M, teas SE and Nitto Denko Corporation. In August 2015, Shurtape launched flatback paper tape which had a strong hold, moisture & humidity resistance. Emerging economies namely Malaysia, India, Saudi Arabia, Vietnam, China, and Mexico are expected to witness substantial market gains by volume owing to growth in the construction industry. The market demand is projected to reach over. Furthermore, growth in the US food & beverages sector is expected to make way for new avenues and opportunities for corrugated box packaging thereby impacting carton sealing tape market.North America is expected to account for nearly 20. Demand for the segment is expected to have a positive impact in MEA resulting from increasing foreign direct investments in hospitality, construction and real estate along with the development of commercial and residential offices.36 billion square meters and is likely to emerge as the fastest growing regional market at a CAGR of 7.EuropeGermanyAsia PacificChinaIndiaLatin Browse more reports of this category by over the forecast period.Demand for carton sealing tape segment is projected to experience growth on account of rising apprehensions concerning environmental friendly packaging solutions due to stringent government rules and regulations billion square meters over the next seven years.
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