Technavio’s latest market research report on the global specialty pressure-sensitive tapes market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
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Technavio has published a new report on the global specialty pressure sensitive tapes market from 2017-2021. (Graphic: Business Wire)
Sharan Raj, a lead analyst from Technavio, specializing in research on tags and labels sector, says, “The primary factor accelerating the overall growth of the specialty pressure-sensitive tapes is the expanding automotive and construction industry worldwide. Also, the growth in the healthcare product industry and the shift towards environment-friendly and solvent-free adhesives is also contributing to the demand for specialty pressure-sensitive tapes.”
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The top three emerging market trends driving the global specialty pressure-sensitive tapes market according to Technavio transportation and logistics research analysts are:
- Growing preference for sustainable specialty pressure-sensitive tapes
- Push for innovative high-resistance tapes
- Rise in use of silicone-based specialty pressure-sensitive tapes
Growing preference for sustainable specialty pressure-sensitive tapes
The demand for sustainable and environment-friendly pressure-sensitive tapes has increased in the past few years because of environmental regulations and consumer preference toward environment-friendly products. These specialty pressure-sensitive tapes are capable of undergoing decomposition into water, carbon dioxide, or biomass. In comparison to ordinary pressure-sensitive tapes, these tapes occupy less landfill space. These sustainable tapes are made of biodegradable polymer, which is obtained by polymerization of bio-based raw material and is a good alternative to petroleum-based raw materials.
Push for innovative high-resistance tapes
The global specialty pressure-sensitive tapes market has seen the emergence of new and innovative products in the past few years. The increase in R&D expenditure has helped the development of these products. These products provide absolute transparency, high aging resistance, good adhesion, and clean positioning. Acrylate-based pressure-sensitive adhesives are used to provide trouble-free labeling at exceptionally low temperatures. UV acrylate adhesives are used to enable high aging resistance. These new products have increased the number of applications of pressure-sensitive tapes and have thus increased the demand for the overall market.
Rise in the use of silicone-based specialty pressure-sensitive tapes
The overall consumption of silicone-based specialty pressure-sensitive tapes will grow during the forecast period owing to their increasing use in electronic devices. Silicone-based specialty pressure-sensitive tapes provide adhesion even at extremely high temperatures. Silicon-based pressure-sensitive masking tapes are used during plating, wave soldering, chemical etching, and treating operations of fabrication of printed circuit boards (PCBs). This factor is also influencing the overall consumption of silicone-based pressure-sensitive adhesives. The increased use of these adhesives in the fabrication of PCBs can be attributed to their excellent temperature and chemical resistance and the ease of removal after the process is complete.
“The emerging applications of platinum-catalyzed silicone-based pressure-sensitive adhesives have created opportunities in the market, and the trend is likely to continue during the forecast period,” says Sharan.
Browse Related Reports:
- Global Packaging Tapes Market 2016-2020
- Global Adhesive Tapes Market 2016-2020
- Global Pressure-sensitive Labels Market 2016-2020
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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