Specialty Tape Trends and Forecast
The future of the global specialty tape market looks promising with opportunities in the electrical & electronic, healthcare & hygiene, automotive, white goods, paper & printing, building & construction, and retail & graphic sectors. The global specialty tape market is expected to reach an estimated $55.7 billion by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are growing residential and commercial construction activities and rising demand for acrylic foam-based specialty tapes.Specialty Tape by Segment
The study includes a forecast for the global specialty tape by resin type, backing material, end use industry, and region.Specialty Tape Market by Resin Type [Shipment Analysis by Value from 2018 to 2030]
- Acrylic
- Rubber
- Silicone
- Others
Specialty Tape Market by Backing Material [Shipment Analysis by Value from 2018 to 2030]
- Polyvinyl Chloride (PVC)
- Paper
- Woven/Non-Woven
- PET
- Foam
- Polypropylene (PP)
- Others
Specialty Tape Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]
- Electrical & Electronics
- Healthcare & Hygiene
- Automotive
- White Goods
- Paper & Printing
- Building & Construction
- Retail & Graphics
- Others
Specialty Tape Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Specialty Tape Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies specialty tape companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the specialty tape companies profiled in this report include-- 3M
- Nitto Denko
- tesa SE
- Lintec
- Avery Dennison
Specialty Tape Market Insights
The publisher forecasts that acrylic is expected to witness the highest growth over the forecast period due to its widespread utilization in the automotive sector to strengthen bonds, endure high temperatures, and resist chemicals and UV light.Within this market, electrical & electronic is expected to witness the highest growth due to rising use of specialty tape in this sector owing to its superior flame retardance, heat, and electric insulation.
APAC will remain the largest region over the forecast period due to the subtantial demand for specialty tapes from various end use industries, such as healthcare, automobile, paper & printing, and construction & building in the region.
Features of the Global Specialty Tape Market
- Market Size Estimates: Specialty tape market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Specialty tape market size by resin type, backing material, end use industry, and region in terms of value ($B).
- Regional Analysis: Specialty tape market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different resin types, backing materials, end use industries, and regions for the specialty tape market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the specialty tape market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the specialty tape market size?Answer: The global specialty tape market is expected to reach an estimated $55.7 billion by 2030.
Q2. What is the growth forecast for specialty tape market?
Answer: The global specialty tape market is expected to grow with a CAGR of 5.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the specialty tape market?
Answer: The major drivers for this market are growing residential and commercial construction activities and rising demand for acrylic foam-based specialty tapes.
Q4. What are the major segments for specialty tape market?
Answer: The future of the specialty tape market looks promising with opportunities in the electrical & electronic, healthcare & hygiene, automotive, white goods, paper & printing, building & construction, and retail & graphic sectors.
Q5. Who are the key specialty tape market companies?
Answer: Some of the key specialty tape companies are as follows:
- 3M
- Nitto Denko
- tesa SE
- Lintec
- Avery Dennison
Answer: The publisher forecasts that acrylic is expected to witness the highest growth over the forecast period due to its widespread utilization in the automotive sector to strengthen bonds, endure high temperatures, and resist chemicals and UV light.
Q7. In specialty tape market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to the subtantial demand for specialty tapes from various end use industries, such as healthcare, automobile, paper & printing, and construction & building in the region.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the specialty tape market by resin type (acrylic, rubber, silicone, and others), backing material (polyvinyl chloride, paper, woven/non-woven, pet, foam, polypropylene, and others), end use industry (electrical & electronics, healthcare & hygiene, automotive, white goods, paper & printing, building & construction, retail & graphics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Specialty Tape Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- 3M
- Nitto Denko
- tesa SE
- Lintec
- Avery Dennison
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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