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 : January, 2022 | Chemical & Materials

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

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?