Pressure Sensitive Adhesive Tapes Market | Unraveling Industry Dynamics, Technological Advancements, and Market Trends
The global pressure sensitive adhesive tapes market size is expected to reach USD 92.45 billion by 2030, expanding at a CAGR of 4.9% from 2022 to 2030, according to a new study by Grand View Research, Inc.This growth can be attributed to the increasing use of pressure sensitive tapes as an optimum alternative to conventional adhesives and fasteners due to the globally rising concerns from the automotive industry to ensure light weighting. Pressure Sensitive Adhesive Tapes Market Report Highlights Packaging tapes accounted for the largest revenue share of over 45.0% in 2021 as they are majorly manufactured with plastic as a backing material owing to its easier tearing ability and superior flexibility The construction segment held a significant revenue share in 2021 owing to robust and durable properties acquired from stronger backing materials The market demand was boosted owing to the global outbreak of the COVID pandemic in 2020. Consumer shopping trends...