Report Scope & Overview:
Specialty Tapes Market Size was valued at USD 51.83 billion in 2022, and is expected to reach USD 84.55 billion by 2030, and grow at a CAGR of 6.3% over the forecast period 2023-2030. Specialty tapes are utilised in a wide range of applications. Depending on the purpose and customer needs, these speciality tapes are made from a variety of resins and materials. Electrical and electronics, healthcare and hygiene, automotive, white goods, paper and printing, construction, and retail and graphics are just a few of the industries that employ specialty tapes. The rising uses of specialty tapes are expected to drive the market.
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In the electrical and electronics industries, the trend toward thinner and microelectronic devices continues, resulting in an increase in the use of speciality tapes. Similarly, during the forecast period, the market for speciality tapes in the healthcare and hygiene end-use industry is expected to grow at the quickest rate. This rise is due to the growing older population as well as the incidence of chronic diseases.
Traditional fastening systems are being replaced.
End-use industries make use of specialty tapes.
Price and availability of raw materials.
competition in the market.
Impact of covid-19:
COVID-19 has had a significant economic impact on a variety of financial and industrial sectors, such as travel and tourism, manufacturing, and aviation. According to the World Bank and the International Monetary Fund, the worst economic downturn will come between 2020 and 2021. Economic activity is diminishing as an increasing number of countries impose and extend lockdowns, affecting the global economy. In recent years, the global economy has become much more linked. The negative effects of various COVID-19 containment attempts include global supply chain disruptions, decreasing demand for imported items and services, and an increase in the unemployment rate. Risk aversion has increased in the financial industry due to historically low interest rates and large decreases in equity and commodities prices. Consumer and business confidence have both declined.
By Resin Type: Acrylic: Acrylic held the biggest market share in 2022 and is predicted to increase at a considerable CAGR over the forecast period. Solid, water-based, or solvent-based acrylic tapes are available.
Rubber tapes are used to insulate and seal electrical connections for both high and low voltage applications.
Silicone tapes provide excellent and quick fusion, allowing for an airtight and watertight seal in minutes. They also have improved tear resistance and controlled elongation of up to 25%, making them excellent for sealing hard-to-reach areas.
By Application: Electric and electronic use of speciality tapes is the largest market within this group, accounting for over 28 percent of the total specialty tape market share.
Consumer Goods: The primary market for specialised tape is in consumer goods, either for use within the product or for transportation.
Paper and printing: Paper and printing account for 6% of the specialised tapes market and play an important role in the print sector, particularly with foam-backed speciality tapes.
Building & Construction: Due to rising residential construction, the building and construction industry is likely to drive speciality tape demand at a significant rate. Specialty tapes are utilised in a variety of construction applications, such as windows, door frames, duct board, and pipes.
By Resin Type
By Backing Material
Polyvinyl Chloride (PVC)
By End-Use Industry
Electrical & Electronics
Healthcare & Hygiene
Paper & Printing
Building & Construction
Retail & Graphics
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Asia-Pacific was the world's largest and fastest-growing speciality tapes market, accounting for about half of the worldwide market. The expanding automotive industry, which is raising production to satisfy the increased demand for energy-efficient vehicles, is responsible for market growth. Furthermore, the healthcare industry is expanding as a result of higher healthcare spending, an older population, and rising consumer hygiene awareness.
North America: The existence of established electrical and electronics, healthcare, and automotive industries drives the specialized tapes market in North America.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
3M, Tesa Tapes Private Limited, Avery Dennison Corporation, Scapa Group Plc, Berry Global Inc., Lohmann GmbH & Co., DermaMed Coatings Company, LLC, ECHOtape, LINTEC Corporation, Intertape Polymer Group, Saint-Gobain, NICHIBAN Co., Ltd, Specialty Tapes, STM, NITTO DENKO CORPORATION, and other players.
Tesa Tapes Private Limited-Company Financial Analysis
|Market Size in 2022||US$ 51.83 Billion|
|Market Size by 2030||US$ 84.55 Billion|
|CAGR||CAGR of 6.3% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Resin Type (Acrylic, Rubber, Silicone, Others)
• By Backing Material (Polyvinyl Chloride (PVC), Paper, Woven/Non-Woven, PET, Foam, Polypropylene, Others)
• By End-Use Industry (Electrical & Electronics, Healthcare & Hygiene, Automotive, White Goods, Paper & Printing, Building & Construction, Retail & Graphics, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||3M, Tesa Tapes Private Limited, Avery Dennison Corporation, Scapa Group Plc, Berry Global Inc., Lohmann GmbH & Co., DermaMed Coatings Company, LLC, ECHOtape, LINTEC Corporation, Intertape Polymer Group, Saint-Gobain, NICHIBAN Co., Ltd, Specialty Tapes, STM, NITTO DENKO CORPORATION, and other players.|
|DRIVERS||• End-use industries make use of specialty tapes.|
|Restraints||• Price and availability of raw materials.|
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: 3M (US), Tesa Tapes Private Limited (India), Avery Dennison Corporation (US), Scapa Group Plc (UK), Berry Global Inc. (Polyken, Patco, Ludlow Tape), (US), (France), Lohmann GmbH & Co.KG (Germany), DermaMed Coatings Company, LLC (US), ECHOtape (US), LINTEC Corporation (Japan), Intertape Polymer Group (IPG), Saint-Gobain (Norbond, CHR), NICHIBAN Co., Ltd (Japan), Specialty Tapes, STM, (US) and NITTO DENKO CORPORATION (Japan) are the major key players of Specialty Tapes Market
Ans: Traditional fastening systems are being replaced are the opportunity for Specialty Tapes Market.
Ans: COVID-19 has had a significant economic impact on a variety of financial and industrial sectors, such as travel and tourism, manufacturing, and aviation. According to the World Bank and the International Monetary Fund, the worst economic downturn will come between 2020 and 2021. Economic activity is diminishing as an increasing number of countries impose and extend lockdowns, affecting the global economy. In recent years, the global economy has become much more linked. The negative effects of various COVID-19 containment attempts include global supply chain disruptions, decreasing demand for imported items and services, and an increase in the unemployment rate.
Ans: Global Specialty Tapes Market Size was valued at USD 48.79 billion in 2021, and expected to reach USD 74.83 billion by 2028, and grow at a CAGR of 6.3 % over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Specialty Tapes Market Segment, By Resin Type
9. Global Specialty Tapes Market Segment, By Backing Material
9.1 Polyvinyl Chloride (PVC)
9.6 Polypropylene (PP)
10. Global Specialty Tapes Market Segment, By End-Use Industry
10.1 Electrical & Electronics
10.2 Healthcare & Hygiene
10.4 White Goods
10.5 Paper & Printing
10.6 Building & Construction
10.7 Retail & Graphics
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Tesa Tapes Private Limited
12.3 Avery Dennison Corporation
12.4 Scapa Group Plc
12.5 Berry Global Inc. (Polyken, Patco, Ludlow Tape)
12.6 Lohmann GmbH & Co.KG
12.7 DermaMed Coatings Company, LLC
12.9 LINTEC Corporation
12.10 Intertape Polymer Group
12.11 Saint-Gobain (Norbond, CHR)
12.12 NICHIBAN Co., Ltd
12.13 Specialty Tapes
12.15 NITTO DENKO CORPORATION
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
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The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
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We at SNS Insider have divided Primary Research into 2 parts.
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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
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