Specialty Tapes Market by Resin (Acrylic, Rubber, Silicone, and Others), Backing Material (PVC, Woven/Non-Woven, Paper, Foam, and Others), End-Use Industry (Healthcare & Hygiene, Automotive, Electrical & Electronics, Paper & Printing, and Others): Global Market Size Estimates and Forecast (2022-2030)
The market crossed the US$ 49.8 billion mark in 2022 and is expected to hit US$ 71.3 billion by 2030, recording a CAGR of 5.0% during the forecast period.
Growing use of specialty tapes in diverse end-use industries
Speciality tapes are used in electricals & electronics, healthcare & hygiene, building & construction, automotive, white goods, paper & printing, and retail & graphics. The growing applications of specialty tapes are expected to drive the market. The trend toward using flatter and micro-electronic devices continues, increasing the application of specialty tapes in the electrical & electronics industry. Similarly, the specialty tapes market in the healthcare & hygiene end-use industry is expected to register the highest growth rate during the forecast period.
Within the report, the market is segmented into resin, backing material, end-use industry and geography. By resin, the market is further segmented into acrylic, rubber, silicone, and others. Based on the backing material, the market is segmented into PVC, woven/non-woven, paper, foam, and others. On the basis of the end-use industry, the market is segmented into healthcare & hygiene, automotive, electrical & electronics, paper & printing, and others. And based on. geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
Replacement of conventional fastening methods
Historically, the strongest and most dependable joining techniques have been mechanical fastenings like nuts and bolts, screws and rivets, and mechanical interlocks. However, combining different surfaces is difficult since the material is prone to cracking under high strain from tensile stress. It is therefore unreliable and lacking in long-term attachment. Specialty tapes are used in new ways to secure and fasten things after taking the place of conventional methods. Additionally, it improves product designs, get rids of dust and corrosion, and cut down on noise and vibration production and assembly time. These have been shown to boost effectiveness and performance while cutting down to labor and material expenses.
The rising adoption of various PVC specialty tapes is one of the major factors accelerating market growth.
A wide range of PVC specialty tapes is used for special applications such as assembling and manufacturing electronic components. These tapes are used for masking connectors on printed circuit boards, a bandolier of electronic components and other applications. There is a considerable increase in the number of industries operating in the construction, automotive, electronics, healthcare, and other sectors. This rise will lead to the augmented requirement of the wiring harness and other electrical components, which, in turn, would lead to growth in the need for electrical insulation. Thus, the demand for PVC specialty tapes is predictable to be high in India, China and other rapidly developing countries in APAC compared to other regions.
Recent strategic developments in the aerosol cans market
The specialty tapes market has undergone several significant developments, and a few of these have been mentioned below:
- Tesa SE introduced six new aluminum foil tapes, which are available with and without a liner. The products include tesa 50565, tesa 50575 and tesa 50525. These tapes are used in appliances, including refrigerators to seal liners of the freezer for better heat transfer.
The specialty tapes market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. 3M Company, Nitto Denko Corporation, tesa SE, Lintec Corporation, Avery Dennison Corporation, and Scapa Group Plc. are the prominent players operating in the market.
Target audience for the report:
- Raw material providers
- Packaging solution company
- Food and beverages manufacturers
- Electrical & Electronics manufacturer
- Healthcare & Hygiene manufacturers
- Paper & Printing manufacturers
- Building and construction manufacturers
- Retail & Graphics manufacturers
- Chemical and material-related associations, organizations, forums, and alliances
- Venture capitalists, private equity firms, and start-up companies
- Semiconductor component suppliers
- End users
- Research institutes, organizations, and consulting companies
Scope of the report:
In this report, the market has been segmented based on:
- Resin Type:
- Acrylic
- Rubber
- Silicone
- Other
- Backing Material:
- Polyvinyl Chloride (PVC)
- Paper
- Woven/Non-Woven
- Foam
- Others
- End-Use Industry:
- Electrical & Electronics
- Healthcare & Hygiene
- Automotive
- Paper & Printing
- Others
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
- Companies profiled
- 3M Company
- Nitto Denko Corporation
- tesa SE
- Lintec Corporation
- Avery Dennison Corporation
Companies profiled
- 3M Company
- Nitto Denko Corporation
- tesa SE
- Lintec Corporation
- Avery Dennison Corporation