Global Splicing Tapes Market, By Resin (Acrylic, Rubber, Silicone and Others), Type (Repulpable and Non-Repulpable), Backing Material (Paper/ Tissue, PET/ Polyester, Non- Woven and Others), Application (Flying Splices, Manual Splices, Core Starting, Roll Finishing and Others), End Users (Paper and Printing, Packaging, Electronics, Labelling, Automotive, Healthcare and 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
Data Bridge Market Research analyses that the splicing tapes market will witness a CAGR of 2.54% for the forecast period of 2021-2028. Rising demand and use of paper and packaging by the various industries and rising application of splicing tapes by the verticals such as paper and printing, packaging, electronics, labelling, automotive, healthcare and others are the two major factors attributable to the growth of splicing tapes market.
Splicing tapes are the tapes that are used to join two surfaces and increase their strength. Splicing tapes are used to ensure continuity in the flow of working by joining the two substrates that acts as a working area. The splicing tapes are generally acrylic, rubber and silicone in nature. Based on the kind of adhesives used, the splicing tapes are manufactured/ produced in many configurations. The splicing tapes can be recycled and reused easily. The splicing tapes are double sided tapes in order to provide maximum strength and durability when joining the two substrates.
Rising application of splicing tapes by the paper and packaging industry is responsible for propelling growth in the market value. Increased demand and application of splicing tapes by the other industry verticals is another important market growth determinant. Rapid emergence of e-commerce platforms as a result of increased digitization is also responsible for fostering the growth in the demand for splicing tapes globally. The growing trend of acrylic resins in the automobile sector will further create lucrative growth opportunities for the splicing tapes market.
However, stringent environmental regulations imposed on the production of repulpable paper will pose a major challenge to the growth of splicing tapes market. Unhygienic process involved in the manufacturing of recycled paper will further derail the splicing tapes market growth rate.
This splicing tapes market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 splicing tapes 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 Splicing Tapes Market Scope and Market Size
The splicing tapes market is segmented on the basis of resin, type, backing material, application and end users. 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 market.
- On the basis of resin, the splicing tapes market is segmented into acrylic, rubber, silicone and others.
- On the basis of type, the splicing tapes market is segmented into repulpable and non-repulpable.
- On the basis of backing material, the splicing tapes market is segmented into paper/ tissue, PET/ polyester, non- woven and others
- On the basis of application, the splicing tapes market is segmented into flying splices, manual splices, core starting, roll finishing and others.
- On the basis of end users, the splicing tapes market is segmented into paper and printing, packaging, electronics, labelling, automotive, healthcare and others.
Global Splicing Tapes Market Country Level Analysis
The splicing tapes market is analysed and market size, volume information is provided by country, resin, type, backing material, application and end users as referenced above.
The countries covered in the splicing tapes 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 dominates the splicing tapes market in terms of market share and market revenue. The region is set to continue flourishing its dominance during the forecast period owing to the prevalence of major key players. Developing regions like China and India are the major contributors. Growth and expansion of paper and packaging industry in the region is also fostering splicing tapes market growth.
The country section of the splicing tapes market 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 Splicing Tapes Market Share Analysis
The splicing tapes 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 splicing tapes market.
The major players covered in the splicing tapes market report are 3M, NITTO DENKO CORPORATION., AVERY DENNISON CORPORATION., Scapa, tesa Tapes (India) Private Limited, Intertape Polymer Group, Shurtape Technologies, LLC, ECHOtape., ORAFOL Europe GmbH., Adhesives Research, Inc., INDUSTRIAS TUK, SA DE CV, PPI Adhesive Products (C.E.) s.r.o., Boston Tapes Commercial Srl, Fuji Chemical Industries Co., Ltd., American Biltrite, Teraoka Seisakusho co.,Ltd., Saint-Gobain, Adirondack Specialty Adhesives, Rolltape and Ajit Industries Pvt. Ltd. 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.