Global Specialty Tape Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027

Global Specialty Tape Market Introduction:

“The global Specialty Tape Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

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The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global specialty tape market report has been segmented on the basis of product type, end-use industries, and region.

Specialty pressure-sensitive tapes used to attach the surfaces when pressure is applied to it. Specialty tapes are utilized in construction and industrial applications owing to their high-tensile strength. Specialty tapes are also utilized in the automotive and healthcare industries owing to their bonding and fastening properties.

These tapes are defiant to various factors such as water, fire, dust, among others. Specialty tapes are much stronger to hold heavy-weight objects protecting from any type of damage. Various types of adhesives used in manufacturing of specialty tapes to offer additional characteristics, for instance, acrylic and rubber-based adhesives are utilized to produce a soundproof tape.

Dynamics

Increasing demand for specialty tapes across various industrial sectors such as electrical & electronics, building & construction, automotive, and paper, is major factor projected to drive growth of the global market over the next 10 years. Increasing their application scope in aerospace & defense and construction & building sectors is another key factor expected to support revenue growth of the global market over the forecast period. Moreover, different properties offered by products such as high strength and weather resistance is another factor estimated to boost adoption of the products, which in turn projected to drive growth of the potential market over the forecast period.

Region Analysis

Asia Pacific market is expected to account for significant share in terms of revenue in the global specialty tape market. In addition, Asia Pacific market is also projected to register fastest growth in terms of revenue over the next 7 years, owing to increasing demand from healthcare, automobile, and construction & building industries in countries in this region.

Increasing investments by key automobile manufacturers in Asia Pacific region and rising demand for these tapes from construction sector are other key factors expected to drive growth of the Asia Pacific market over the forecast period.

China market is expected to account for major share in terms of revenue in the Asia Pacific, whereas the market in India is expected to register rapid CAGR over the forecast period. Rising awareness regarding various features offered by these products in automobile, healthcare, and building & construction manufacturers in this region are among other major factors driving growth of these end-use industries, which in turn is expected to fuel growth of the global market in this region.

Global Specialty Tape Market Segmentation:

Segmentation by product type:

• Woven/non-woven
• Paper
• Foam
• PVC (Polyvinyl chloride)
• PP (Polypropylene)
• PET (Polyethylene terephthalate)
• PA (Polyamide)
• PE (Polyethylene)

Segmentation by end-use industries:

• Automotive
• Electronics & Electricals
• Paper/Printing
• Healthcare
• Aerospace & Defense
• Building & Construction
• Others (hygiene and retail)

Segmentation by region:

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