- The key vendors in the global specialty pressure sensitive tape market 2015-2019 are Avery Dennison, Adhesive Applications, Coating and Converting Technologies and Essentra Specialty Tapes.
London, 06 October 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global specialty pressure sensitive tape market 2015-2019. Demand for sustainable and eco-friendly pressure sensitive tapes has increased in recent years because of environmental regulations and consumer preferences for environmentally friendly products. These specialty pressure sensitive tapes are capable of decomposing into carbon dioxide, water, or biomass, and occupy less landfill space in comparison with ordinary pressure sensitive tapes. The global specialty pressure sensitive tape market is expected to grow at a CAGR of 2.90%, in trems of volume during 2014-2019.
The global specialty pressure sensitive tape market is expected to grow at a steady pace because of increased demand from APAC, especially from China and Japan. An increase in investments in medical clinics, hospitals, and pharmaceuticals will also lead to a rise in demand for medical and surgical tape products and skin health-related equipment during the forecast period.
“Acrylate-based pressure sensitive adhesives are used to provide trouble-free labeling at exceptionally low temperatures,” says Faisal Ghaus, Vice President of Technavio Research.
“UV acrylate adhesives are used to enable high aging resistance. These new products have increased the field of application of pressure sensitive tapes and, therefore, have increased demand for the overall market.”
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.
If you are interested in more information on this topic and our upcoming research on the Global Specialty Pressure Sensitive Tape Market 2015-2019, please send an e-mail to media@TechNavio.com
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