Specialty Tapes Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Specialty Tapes Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : October, 2020 | Chemical & Materials | PPT format

Report Digest


Global Specialty Tapes Market: Overview

The global speciality tapes market encompasses several other industries including chemicals, packaging, and electronics. The use of specialty tapes is not limited to a particular industry, and a number of market vendors have lately emerged in this market. The high-end application of specialty tapes makes them a niche segment, and these tapes may not be available across local hardware stores. The high level of customization offered by vendors operating in the global specialty tapes market is a salient feature of the competitive landscape. It is expected that the demand for speciality tapes would escalate in the years to follow.

The manufacturing of specialty tapes follows a rigorous process of analysis and testing. This factor warrants the need for understanding the demand and supply dynamics of the global market. It is important to have a customized supply chain to ensure that the desired products reach the right end user. Furthermore, speciality tapes have also attracted increased demand due to the stipulation of strict standards for manufacturing, repair, and overhaul across industries such as electronics and automobiles.

The use of high performance adhesives and other similar materials for manufacturing of specialty tapes gives a mark of credence to the end products. This aforementioned specification also places specialty tapes in the higher-cost slab of the tapes market. However, this high price of these products is compensated by the utility served by speciality tapes in multiple end-use industries.

A review on the global specialty tapes market gives valued insights about market growth. The global specialty tapes market can be segmented on the basis of the following parameters: resin, backing material, application, and region. On the basis of backing material, PVC is extensively used for supporting specialty tapes.

Global Specialty Tapes Market: Notable Developments

The growing industrial applications of specialty tapes has unshackled a plethora of developments in the global market.

  • 3M is in the process of acquiring Acelity Inc, a renowned company manufacturing specialised wound care solutions and technologies. The former has a total value of US$ 1.5 billion at the end of 2018, and this is a key consideration for 3M. Such acquisitions are expected to enable a handful of giant players to consolidate their positions in the global speciality tapes market.
  • Functional Coatings Inc. was acquired by tesa SE in 2018, and the move has significantly improved the competency of tesa. Functional Coatings Inc. was known for its supremacy in manufacturing VOC-free adhesive tapes.

Some of the leading vendors in the global specialty tapes market are:

  • Nitto Denko Corporation (Japan)
  • tesa SE (Germany)
  • Lintec Corporation (Japan)
  • Avery Dennison Corporation (US)
  • Scapa Group Plc. (US)

Global Specialty Tapes Market: Growth Drivers

  • Use of Specialty Tapes in Multiple Industries

The application portfolio of the specialty tapes market spans into commercially relevant industries such as electronics, automotive, and packaging. The expansive size of these companies has played an integral role in driving demand within the global specialty tapes market. Furthermore, the use of specialty tapes for assembling semiconductor devices has emerged as a key application.

  • Constructions Industry to Imbibe Innovation

A far-fetched idea until a couple of decades back, specialty tapes are now extensively used in the constructions industry. This factor, coupled with the lucrative nature of the constructions industry, has played a vital role in driving market demand. Other key applications of specialty tapes are in the printing and healthcare industries.

The global specialty tapes market is segmented on the basis of:

Resin

  • Acrylic
  • Rubber
  • Silicone

Backing Material

  • PVC
  • Paper
  • Woven/Non-Woven
  • Pet
  • Foam
  • PP

Application

  • Electronics
  • Healthcare
  • Automotive
  • White Goods
  • Construction
  • Printing

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?