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The global Pressure Sensitive Tape Market is expected to grow at a CAGR of over 6% and reach close to 69 billion during the forecast period (2016 to 2024).
Increasing demand in the packaging of the corrugated box packaging of food & beverages is likely to boost market growth in the coming years.These tapes are vastly use in the construction of tunnels, bridges, roofing, cladding, glazing, water supply, and air conditioning can promote the growth and expansion of the industry.Use of biodegradable material for the manufacturing of these pressure sensitive tapes can fuel market growth during the forecast period.
Moreover, superior features like easy handling and processing is likely to stimulate industrial development.Development of newer specialty electrically conductive adhesive tapes for telecommunications equipment can exhibit immense potential in the coming seven years.
Packaging held the largest segment in 2015.
It is expected to continue an upward trend, owing to its low carbon footprint and biodegradability.Backing material comprise of polypropylene, paper, PVC, and others.
Polypropylene can witness rapid growth at over 6% CAGR till 2024.


The market for the Global Industrial Tapes Market has increased since the last decade because of the innovations in the industry.
The global industrial tapes market is projected to reach USD 58,487.11 Million by 2020, at a CAGR of 6% from 2015 to 2020.Browse 260 tables and 46 figures spread through 234 Pages and in-depth TOC on "Industrial Tapes Market”Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=11202572In the adhesives market industrial tapes have a considerable market size.
Industrial tapes are extensively used to permanently bond and seal many substrates such as elastomers, foams, glass, and metals among others in a manner that enhances its strength, productivity, durability, and also improvises the product appearance.
Industrial tapes can withstand harsh environment conditions such as high temperature, cold, temperature cycling, ultraviolet light, moisture and solvents.Several innovations in designs and technological advancements have been witnessed by the industry in the last decade, which has helped industrial tapes to serve various end users such as manufacturing, automotive, electrical, construction, logistics, and aerospace.Filament tapes are projected to grow the fastest in the industrial tapes market, because they can be used for various purposes such as closing corrugated fiberboard boxes, reinforcing packages, bundling items, and pallet unitizing.
It is made of polypropylene or polyester film and fiberglass filaments which give it high tensile strength.
Thus, they are widely used across businesses.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=11202572The Industrial Tapes market is dominated by several large players such as The Dow Chemical Company (U.S.), Saint Gobain SA (France), 3M (U.S.), Henkel AG & Company, KGaA (Germany), Eastman Chemical Company (U.S.), Avery Dennison Corporation (U.S.), Ashland Inc. (U.S.), Sika AG (Switzerland), H.B Fuller (U.S.), and Von Roll Holding AG (Switzerland).