- The key vendors in the specialty pressure-sensitive tape market in Europe are 3M, Avery Dennison Corp., Bostik SA and Essentra Specialty Tapes.
London, 11 May 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the specialty pressure-sensitive tape market in Europe 2015-2019. Increase in use for fixing and fastening is one of the latest trends emerging in the market. Specialty pressure-sensitive tapes have replaced the traditional fastening system of fixing and bonding. These tapes act as fasteners with enhanced efficiency and performance while lowering production and material costs. The specialty pressure-sensitive tape market in Europe is expected to grow at a CAGR of 2.58 % during the forecast period 2014-2019.
Advances in design and construction have led to wider applications of specialty tapes in industries such as medical, food and beverage, construction, and electrical & electronics. The demand for masking tapes will rise with the rapid development of the building and construction industries in Europe, which have widened the scope of the market in Europe.
“Corporations are investing in R&D to create advanced methods to manufacture pressure-sensitive tapes. Machinery and converters for tapes and substrates processing are used to manufacture pressure-sensitive tapes,” says Faisal Ghaus, Vice President of Technavio Research.
“Adoption of the technology starts from the selection of advanced quality raw materials to the manufacturing process to suit customers’ requirements. Major input comes from marketing departments after feedback from major B2B customers.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
