Asia Pacific Pressure Sensitive Tapes Market Size & Outlook
Asia Pacific pressure sensitive tapes market, 2018-2030 (US$M)
Asia Pacific pressure sensitive tapes market highlights
- The Asia Pacific pressure sensitive tapes market generated a revenue of USD 23,113.0 million in 2022.
- The market is expected to grow at a CAGR of 5.6% from 2023 to 2030.
- In terms of segment, packaging tapes was the largest revenue generating product in 2022.
- Packaging Tapes is the most lucrative product segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2022 | USD 23,113.0 million |
| Market revenue in 2030 | USD 35,858.7 million |
| Growth rate | 5.6% (CAGR from 2022 to 2030) |
| Largest segment | Packaging tapes |
| Fastest growing segment | Packaging Tapes |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Specialty Tapes, Packaging Tapes, Consumer Tapes |
| Key market players worldwide | Tesla Inc, 3M Co, Nitto Denko Corp, LINTEC Corp, Larsen & Toubro Ltd DR, Henkel AG & Co KGaA, Lohmann & Rauscher, Berry Global Group Inc, Avery Dennison Corp, Mativ Holdings Inc, Ashland Inc, Dow Inc, Arkema SA, Sika AG |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 36.5% of the global pressure sensitive tapes market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 35,858.7 million by 2030.
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Pressure Sensitive Tapes Market Scope
Pressure Sensitive Tapes Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific pressure sensitive tapes market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pressure sensitive tapes market will help companies and investors design strategic landscapes.
Packaging tapes was the largest segment with a revenue share of 52.68% in 2022. Horizon Databook has segmented the Asia Pacific pressure sensitive tapes market based on specialty tapes, packaging tapes, consumer tapes covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific dominated the demand for pressure sensitive tapes on account of the growth of manufacturing sector and the presence of major manufacturers in electronics, automotive, semiconductors, and medical industries. In addition, rising demand for tapes in fastening and bonding applications in the region is expected to drive the market over the forecast period.
Although Japan, South Korea, and Australia are the mature markets in Asia Pacific, the demand for tapes is driven by high growth in emerging economies such as China and India. Growing investments in the region owing to various government initiatives, such as Make In India, are anticipated to boost the production, thereby propelling the demand for tapes.
Furthermore, increasing replacement of adhesives with tapes as an alternative for fixing and attaching applications is expected to drive the demand for tapes in the region over the next eight years.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific pressure sensitive tapes market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific pressure sensitive tapes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific Pressure Sensitive Tapes Market Outlook Share, 2022 & 2030 (US$M)
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