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 : December, 2019 | 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

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

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

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

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