The performance of the global specialty tapes market depends on the performance of several industries such as chemicals, packaging, healthcare, electronics, and construction. Specialty tapes are utilized in construction and industrial applications owing to their high-tensile strength. These tapes are also used in the automotive and healthcare industries owing to their bonding and fastening properties. Further, these tapes are resistant to various factors such as water, fire, and dust, among others, and are much stronger to hold heavy-weight objects and protect them from any type of damage. Various types of adhesives are used in the manufacturing of specialty tapes to offer additional characteristics. For instance, acrylic and rubber-based adhesives are utilized to produce the soundproof tape. Moreover, the growing healthcare industry coupled with the increasing use of specialty tapes due to its wide utilization in surgical containers, monitoring electrodes and other medical devices, covering wounds, fixing cover shields while surgeries are performed, cleaning in antiseptic rooms as well as for manufacturing of disposable infant and adult diapers is maintaining its strong demand. Additionally, the robust growth of the food & beverages sector due to fast urbanization, adoption of modern lifestyles, and growing need for hygienic & packed food would drive the specialty tapes market.
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According to UnivDatos Market Insights (UMI)’ research report “Global Specialty Tapes Market”, the market is expected to showcase a growth of around 6% during the forecast period. The growing demand for high-performance adhesive for sealing and waterproofing applications in the increasing construction activities and utilization in the automotive and healthcare industries for its bonding and fastening properties are driving the market for specialty tapes.
Based on resin type, the market is categorized as acrylic, rubber, silicone, and others. Among these, acrylic held a considerable share in the specialty tapes market due to its favorable physical and chemical qualities, low cost, and applicability in a variety of end-use industries such as packaging, transportation, and healthcare. Further, they are more resistant to other solvents, chemicals, and water. Acrylic-based adhesive tapes are appropriate for both solvent and water-based technologies. Among all the resins used in the adhesive tapes sector, water-based acrylic adhesives are the least expensive.
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Based on end-user, the market is categorized into electrical & electronics, healthcare, automotive, paper & printing, building & construction, and others. Among these, healthcare held a prominent share in the global specialty tapes market. The specialty tapes market is rising in healthcare due to the aging population, increased chronic illness incidence, and the high demand for in vitro diagnostics, hydrophilic films, transdermal patches, and oral dissolvable films. Also, the development of products such as disposable infant diapers, feminine hygiene products, and adult incontinence products all use specialty tapes.
Asia-Pacific accounted for a prominent share of the specialty tapes market
Asia-Pacific held a prominent share in the specialty tapes market owing to growing industries such as electric & electronics, healthcare, packaging, building and construction, and others. Also, the market growth can be attributed to the expanding automotive industry, in electric vehicles (Evs), specialty tapes are used for covering the gaps and for bonding purposes in the battery. Other prominent applications of such tapes in Evs are motor assembly, insulation, and wire harnessing. Moreover, increasing disposable income and rapid economic growth in the region are increasing the better-quality products, and improving the lifestyle is also fueling the market for specialty tapes.
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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global specialty tapes market include Nitto Denko Corporation, LINTEC Corp., Avery Dennison Corporation, ADDEV Walco Inc., Saint-Gobain Performance Plastics, Scapa Group plc, Valmont Industries Inc., Nichiban Co. Ltd., Lohmann GmbH & Co.KG, and Ashland Global Holdings Inc. These companies are taking several strategic decisions to meet the growing demand and increase their market share.
“Global Specialty Tapes Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
Market Segmentation:
- By Resin Type (Acrylic, Rubber, Silicone, and Others)
- By Backing Material (Polyvinyl Chloride, Woven/Non-Woven, Paper, Foam, Polypropylene, and Others)
- By End-User (Electrical & Electronics, Healthcare, Automotive, Paper & Printing, Building & Construction, and Others)
- By Region (North America (United States, Canada, and the Rest of North America), Europe (Germany, France, United Kingdom, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of the World)
- By Company (Nitto Denko Corporation, LINTEC Corp., Avery Dennison Corporation, ADDEV Walco Inc., Saint-Gobain Performance Plastics, Scapa Group plc, Valmont Industries Inc., Nichiban Co. Ltd., Lohmann GmbH & Co.KG, and Ashland Global Holdings Inc.)
Key questions answered in the study:
- What are the current and future trends of the global specialty tapes industry?
- How the industry has been evolving in terms of resin type, backing material, and end-user?
- How the competition has been shaping across the countries followed by their comparative factorial indexing?
- What are the key growth drivers and challenges for the global specialty tapes industry?
- What are the customer orientation, purchase behavior, and expectations from the global specialty tapes suppliers across various region and countries?