Pressure sensitive adhesive tapes are the continuous flexible strip of cloth, metal, paper, or plastic coated on both sides with a permanent adhesive at room temperature that will adhere to the variety of surfaces with finger pressure without changing the phase. They are generally available in roll form. The global pressure sensitive adhesive tapes market is experiencing a good growth in the market and expected to witness the same in the coming years, which can be attributed to its increasing use in the end-user industries, due to the advantages it offers such as high heat resistance, good adhesion to metals, and others.

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The pressure sensitive adhesive tapes market growth is restrained by the rising price of raw material prices and the changing regulations to reshape the pressure sensitive adhesives tapes market. The rising cost of raw materials that are used in the formulation of these tapes for the tape industry are expected to bring uncertainty in the market, which can hinder the market growth in the coming years. The basic formulations used in the industry are polymers and tackifiers among various other additives.

Considering the fact, that most of the raw materials used are petroleum-based derivatives and hence vulnerable to fluctuations in commodity prices. Crude oil prices are highly volatile in nature, which can affect the pressure sensitive adhesive tapes industry in the coming years.

Asia-Pacific is expected to register the highest CAGR in the pressure sensitive adhesive tapes market during the forecast period, which can easily be attributed to the increasing demand and use of these tapes in the end-user industries. Also, the demand is significantly increasing from the countries such as India, South Korea, China, and others to fulfill the need of rapidly expanding industries in the region.

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Adchem Corporation, Advance Tapes International, Adhesives Research, Inc., Berry Plastics Corporation, Dewal Industries Inc., Saint-Gobain Performance Plastics, Dermamed Coatings Company, LLC, Mactac, LLC, Wuhan Huaxia Nanfeng Adhesive Tapes, and Canadian Technical Tape Ltd. are some of the key players operating in the pressure sensitive adhesive tapes market.

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