The growing demand from the construction industry and the increasing number of aircraft are driving market growth.
Market Size – USD 60.38 Billion in 2019, Market Growth – CAGR of 3.9%, Market Trends – High demand from developing nations.
The global Pressure Sensitive Tapes market is forecast to reach USD 82.94 Billion by 2027, according to a new report by Reports and Data. Increasing concerns regarding the light-weighting of automobiles across the globe have led to the increasing adoption of tapes. Traditionally used products, such as fasteners and adhesives, are being replaced by pressure sensitive tapes, due to the benefits they offer.
The increasing population in the developing countries, which leads to an increase in industrialization and urbanization, is expected to lead to a rise in government spending on infrastructure and construction. This, in turn, will foster the demand for the pressure sensitive tapes market, as these find extensive uses in the construction industry. The growth in the aircraft industry is also expected to lead to an increased demand for the product, as pressure sensitive tapes are extensively used in making aircraft interiors and avionics.
Frequent fluctuations in raw material prices have a significant impact on the manufacturers’ procurement cost, which can hamper the demand for the market. Increasing sanctions on the import of crude oil affect the overall oil prices, which can also lead to reduced market size for pressure sensitive tapes. The market also faces a threat from the increasing number of substitutes present for the product, such as sealants and fasteners. The growing use of these in various industries can lead to reduced demand for Pressure Sensitive Tapes.
Request free sample of this research report at : https://www.reportsanddata.com/sample-enquiry-form/3222
Key findings in the report:
Pressure Sensitive Tapes Market Size, Share, Analysis By Product, By Material, And By End-Use, Global Forecasts To 2027, To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/pressure-sensitive-tapes-market
For the purpose of this report, Reports and Data have segmented into the global Pressure Sensitive Tapes market on the basis of product, Material, End-Use, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
Material Outlook (Revenue, USD Billion; 2017-2027)
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Order Now: https://www.reportsanddata.com/checkout-form/3222
Regional Outlook (Revenue in USD Billion; 2017–2027)
Table Of Content
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Pressure Sensitive Tapes Market Segmentation & Impact Analysis
4.1. Pressure Sensitive Tapes Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing demand from construction industry
4.2.2.2. Growing demand due to increasing number of aircrafts
Continue …
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Media ContactCompany Name: Reports and DataContact Person: John WatsonEmail: Send EmailPhone: +1-212-710-1370Address:40 Wall St. 28th floor City: New York CityState: NY 10005Country: United StatesWebsite: https://www.reportsanddata.com/press-release/global-pressure-sensitive-tapes-market