Global Specialty Tape Market, By Resin Type (Acrylic, Rubber, Silicone, Others), Backing Material (Polyvinyl Chloride (PVC), Woven/Non-Woven, Paper, Polyethylene Terephthalate (PET), Foam, Polypropylene (PP), Others), End User (Electrical and Electronics, Healthcare and Hygiene, Aerospace and Defense, Automotive, White Goods, Paper and Printing, Building and Construction, Retail and Graphics, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Specialty Tape Market
Specialty tape market size is expected to grow at a compound annual growth rate of 5.79% for the forecast period of 2021 to 2028. Data Bridge Market Research report on specialty tape market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Specialty tapes are largely used in construction and industrial applications due to their high-tensile strength. These tapes are mutinous to several factors such as fire, water and dust among others. Specialty tapes are much stronger to hold heavy-weight objects shielding from any type of damage.
The specialty tape market is expected to rise in due to the improvement in healthcare systems. The rapid urban population and rise in the use of specialty tapes in diverse end use industries are also projected to flourish the growth of the specialty tape in the forecast period of 2021 to 2028. The rise in the demand for specialty tapes across various industrial sectors such as electrical and electronics, building and construction, automotive and paper and rise in the rise in the application scope in aerospace and defense are also anticipated to boost the demand of the specialty tape market owing to the above mentioned reasons and is also is projected to grow substantially during the forecast period. Furthermore, the rise in automotive production in the developing markets and high spending on R&D are also expected to push the growth of specialty tape market in the above mentioned forecast period.
Likewise, the replacing traditional fastening systems, various different properties offered by products such as high strength and weather resistance along with rapid increase in the hygiene awareness among the consumers are likely to offer various growth opportunities for the growth of specialty tape market over the forecast period of 2021 to 2028.
However, the stringent government regulations regarding usage of plastic and in volatile raw material prices are expected to impede the growth of the specialty tape market in the above mentioned forecast period, whereas the volatility in supply chain can challenge the growth of the specialty tape market.
This specialty tape market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on specialty tape market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Specialty Tape Market Scope and Market Size
Specialty tape market is segmented on the basis of resin type, backing material and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of resin type, the specialty tape market is segmented into acrylic, rubber, silicone and others. Others have further been segmented into polyurethane (PU), phenolic, EVA and butyl.
- Based on backing material, the specialty tape market is segmented into polyvinyl chloride (PVC), woven/non-woven, paper, polyethylene terephthalate (PET), foam, polypropylene (PP) and others. Others have further been segmented into polyamide (PA), metal, glass cloth and polyolefin.
- The end user segment for specialty tape market is segmented into electrical and electronics, healthcare and hygiene, aerospace and defense, automotive, white goods, paper and printing, building and construction, retail and graphics and others.
Specialty Tape Market Country Level Analysis
Specialty tape market is analyzed and market size, volume information is provided by country, resin type, backing material and end user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the specialty tape market due to the increase in the demand for these tapes from construction sector and high demand from healthcare, automobile, and construction and building industries. North America is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to the strong presence of established healthcare, electrical and electronics and automotive industries.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Specialty Tape Market Share Analysis
Specialty tape market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to specialty tape market.
The major players covered in the specialty tape market report are 3M, NITTO DENKO CORPORATION, tesa Tapes (India) Private Limited, LINTEC Corporation, AVERY DENNISON CORPORATION, Scapa, Berry Global Inc., Intertape Polymer Group, Saint-Gobain, Lohmann GmbH & Co.KG, NICHIBAN Co., Ltd., DermaMed Coatings Company, LLC, Coating & Converting Technologies, Inc., Advance Tapes International, Shurtape Technologies, LLC, American Biltrite Inc., ATP adhesive systems AG, Henkel Adhesives Technologies India Private Limited, DuPont, and ECHOtape among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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