Pressure Sensitive Tapes Market Share

APAC Market Statistics

Asia Pacific industry is set to dominate majority revenue share of 37% by 2037. The demand for tapes is positively impacted due to rising demand for pressure sensitive tapes across various sectors and increasing investments by manufacturers to develop and launch enhanced, eco-friendly, and durable products. Asia Pacific is world's largest manufacturing hub with strong demand for sticky tapes in packaging and labeling business. Rising demand from the packaging sector is a key factor fueling market growth in this region.

The market is rapidly growing in China due to the significant expansion of end user industries such as healthcare, e-commerce, and automobiles. It is anticipated that growing disposable incomes will increase demand for automobiles and online shopping which will support the market for pressure-sensitive tapes in China.

The automobile industry in Japan is one of the biggest sectors worldwide. Pressure sensitive tape applications in the automotive industry are likely to fuel the market's growth here. These applications include bonding, noise reduction, and surface protection. Japan’s automobile sector is expanding steadily, with a rise in two-wheelers, passenger cars, and commercial vehicles.

North America Market Analysis

North America will encounter huge growth in the pressure sensitive tapes market during the forecast period owing to increasing building and construction activities in many parts of this region. These tapes work better than mechanical fasteners and are perfect for connecting architectural panels as they can withstand wind loads in Canada's shifting climate. Franklin Adhesives & Polymers, an American firm, introduced Covinax 625 in April 2024. It is an emulsion pressure-sensitive adhesive that is designed to be versatile and work well in a range of durable label and tape applications.

The expansion of packaging materials in the e-commerce industry is increasing demand for pressure-sensitive tapes in the U.S. The pressure sensitive tapes play a key role in keeping the shipments and goods secure during transit. In addition, the government’s focus on infrastructural developments and increasing investing in building projects is expected to enhance the sales of pressure sensitive tapes.