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Specialty Tapes Market

Specialty Tapes Market Size, Share & Segment 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), and by Region | Global Market Forecast 2022-2028

Report Id: SNS/C&M/1505 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Specialty Tapes Market Size was valued at USD 48.79 billion in 2021, and is expected to reach USD 74.83 billion by 2028, and grow at a CAGR of 6.3% over the forecast period 2022-2028.  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.

Specialty Tapes Market Revenue Graph

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.

Market Dynamics:

Opportunity:

  • Traditional fastening systems are being replaced.

Drivers:

  • End-use industries make use of specialty tapes.

Restraint:

  • Price and availability of raw materials.

Challenge:

  • 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.

Key Players:

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.

Segment Description:

By Resin Type: Acrylic: Acrylic held the biggest market share in 2018 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.

Market Segmentation:

By Resin Type

  • Acrylic

  • Rubber

  • Silicone

  • Others

By Backing Material

  • Polyvinyl Chloride (PVC)

  • Paper

  • Woven/Non-Woven

  • PET

  • Foam

  • Polypropylene (PP)

  • Others

By End-Use Industry

  • Electrical & Electronics

  • Healthcare & Hygiene

  • Automotive

  • White Goods

  • Paper & Printing

  • Building & Construction

  • Retail & Graphics

  • Others

Specialty Tapes Market Segment Pie Chart

Regional Analysis:

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.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The 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

Specialty Tapes Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 48.79 Billion
Market Size by 2028 US$ 74.83 Billion
CAGR CAGR of 6.3% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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.


Frequently Asked Questions (FAQ) :

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. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Specialty Tapes Market Segment, By Resin Type

8.1 Acrylic

8.2 Rubber

8.3 Silicone

8.4 Others

 

9. Global Specialty Tapes Market Segment, By Backing Material

9.1 Polyvinyl Chloride (PVC)

9.2 Paper

9.3 Woven/Non-Woven

9.4 PET

9.5 Foam

9.6 Polypropylene (PP)

9.7 Others

 

10. Global Specialty Tapes Market Segment, By End-Use Industry

10.1 Electrical & Electronics

10.2 Healthcare & Hygiene

10.3 Automotive

10.4 White Goods

10.5 Paper & Printing

10.6 Building & Construction

10.7 Retail & Graphics

10.8 Others

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2    Canada

11.2.3    Mexico

11.3 Europe

11.3.1    Germany

11.3.2    UK

11.3.3    France

11.3.4    Italy

11.3.5    Spain

11.3.6    The Netherlands

11.3.7    Rest of Europe

11.4 Asia-Pacific

11.4.1    Japan

11.4.2    South Korea

11.4.3    China

11.4.4    India

11.4.5    Australia

11.4.6    Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1    Israel

11.5.2    UAE

11.5.3    South Africa

11.5.4    Rest

11.6 Latin America

11.6.1    Brazil

11.6.2    Argentina

11.6.3    Rest of Latin America

 

12. Company Profiles

12.1 3M

12.1.1 Financial

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

12.8 ECHOtape

12.9 LINTEC Corporation

12.10 Intertape Polymer Group

12.11 Saint-Gobain (Norbond, CHR)

12.12 NICHIBAN Co., Ltd

12.13 Specialty Tapes

12.14 STM,

12.15 NITTO DENKO CORPORATION

 

13. Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

 

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Secondary Research

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