Pressure Sensitive Tapes Market 2030: 4.9% CAGR Tape Triumph
The global pressure sensitive tapes market was valued at USD 66.32 billion in 2023 and is projected to reach USD 92.45 billion by 2030, registering a CAGR of 4.9% from 2024 to 2030. The industry continues to expand due to increasing product penetration across a wide range of end-use sectors. Rising demand from the medical and automotive industries is expected to be one of the major contributors to market growth over the forecast period. In North America, the U.S. dominated the regional market, supported by its strong manufacturing base and the presence of semiconductor, automotive, and electronics manufacturers. Growing use of tapes in fastening and bonding applications in the U.S. is also projected to support overall product demand. Globally, the use of pressure-sensitive adhesive tapes in automotive applications is increasing alongside the growing adoption of electric vehicles. These tapes are widely used in EV batteries for cell-to-cell bonding and for providing thermal runaway ...