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Specialty Tapes Market Analysis

  • Report ID: GMI7145
  • Published Date: Oct 2023
  • Report Format: PDF

Specialty Tapes Market Analysis

Global Specialty Tapes Market Size, By Resin, 2021 - 2032 (USD billion)

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Based on resin, the market is segmented as acrylic, rubber, silicone, and others. Acrylic held a majority market value of USD 31.3 Billion in 2022. Rubber-based tapes are renowned for their elasticity and excellent bonding properties, making them suitable for applications in the automotive industry where strength and durability are essential. Silicone tapes, on the other hand, are prized for their high-temperature resistance and electrical insulation capabilities, making them valuable in electronics and electrical applications. The "others" category encompasses an array of specialty resin types, each with its unique characteristics, allowing for niche applications and innovative solutions. The combination of these resin segments underscores the versatility of the market, where adhesive technology continually evolves to meet the specific demands of various industries and applications.
 

Global Specialty Tapes Market Revenue Share (%), By Backing Material, (2023)

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Based on backing material, the market is segmented as PVC, woven/non-woven, paper, PET, foam, polypropylene, and other. PVC segment held a dominant market share of around 30% in 2022. Backing materials are a critical aspect of the specialty tapes market, offering distinct properties to accommodate various adhesive applications. Woven/non-woven materials, known for their flexibility and strength, find utility in demanding industrial and construction settings, often as reinforcement elements in tapes. Paper backing, on the other hand, is prized for its versatility in packaging, masking, and labeling applications due to its ease of customization and eco-friendly nature. PET (polyethylene terephthalate) materials excel in electronics and high-temperature environments due to their heat resistance and electrical insulation properties. Foam backings provide cushioning and impact resistance, serving automotive and construction needs.
 

Based on end use industry, the market segmented as electrical and electronics, automotive, construction, medical and healthcare, industrial, and consumer goods, and others. In the electrical and electronics sector, these tapes are indispensable for precise bonding and insulation, crucial for modern devices and components. The automotive industry relies on specialty tapes for assembly, noise reduction, and structural reinforcement. In construction, they find applications in sealing, masking, and structural bonding. The medical and healthcare field benefits from these tapes in wound dressings, surgical applications, and diagnostic equipment. Industrial applications span from manufacturing and packaging to maintenance and repair. Consumer goods, including everything from packaging to home improvement, also significantly rely on these tapes.

 

U.S. Specialty Tapes Market Size, 2020- 2032 (USD billion)

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U.S. dominated the North American region with majority market share and a revenue of USD 12.3 Billion in 2022. Due to the nation's robust industrial and technological sectors, which heavily rely on specialty tapes across various applications, as well as its strong emphasis on innovation and sustainability within the market. The U.S.'s sustained economic development and its significant role in key industries like electronics, automotive, and healthcare are key drivers of this anticipated growth and advancement in the specialty tapes sector.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of specialty tapes was worth USD 55.39 billion in 2023 and is estimated to reach USD 96.9 billion by the end of 2032 due to extensive usage in electrical and electronics, automotive, construction, medical and healthcare, industrial, and consumer goods.

The PVC backing material segment held 30% of the specialty tapes industry share in 2022 and is expected to grow at lucrative pace by 2032 owing to higher adoption in demanding industrial and construction settings to offer flexibility and strength

U.S. specialty tapes industry size was USD 12.3 billion in 2022 and is anticipated to expand at significant pace from 2023-2032 owing to the presence of robust industrial and technological sectors

3M Company, Nitto Denko Corporation, Lintec Corporation, Avery Dennison Corporation, Scapa Group Plc, Intertape Polymer Group, Inc., Berry Global Inc., Saint-Gobain Performance Plastics Corporation, and Lohmann GMBH & Co. Kg are some key specialty tape providers

Specialty Tapes Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 203
  • Countries covered: 24
  • Pages: 180
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