The report "Specialty Tapes Market by Resin (Acrylic, Rubber, Silicone), Backing Material (Pvc, Woven/Non-Woven, Paper), End-Use Industry (Healthcare& Hygiene, Automotive, Electrical & Electronics), and Region - Global Forecast to 2026" The global specialty tapes market size was USD 45.9 billion in 2020 and is projected to reach USD 67.2 billion by 2026, at a CAGR of 6.4% between 2020 and 2026. The driving factor for the specialty tapes market is the growing use of specialty tapes in diverse end-use industries.
Browse 233 market data Tables and 58 Figures spread through 273 Pages and in-depth TOC on "Specialty Tapes Market by Resin (Acrylic, Rubber, Silicone), Backing Material (Pvc, Woven/Non-Woven, Paper), End-Use Industry (Healthcare& Hygiene, Automotive, Electrical & Electronics), and Region – Global Forecast to 2026 "
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/specialty-tapes-market-219537978.html
Woven/Non-Woven specialty tapes is the largest segment in the specialty tapes market
Woven/Non-Woven was the largest backing material used in the specialty tapes market, in terms of volume, in 2020. This backing material is mostly used in the healthcare & hygiene industries. An aging population, rising incidences of chronic diseases, increasing awareness toward personal & hygiene in the region have increased the demand for these specialty tapes at every stage of the value chain. The wide acceptance of woven/non-woven tapes in industries such as healthcare & hygiene, automotive & transportation, and electrical & electronics is mainly driving the market. Furthermore, the ongoing product development in these high growth markets to manufacture micro and nano-electronic components and systems is driving the demand for non-woven specialty tapes.
Growth of the healthcare & hygiene end-use industry relies on the level of penetration of the finished products within each country and its demographics
The healthcare & hygiene segment is the fastest-growing segment in the forecasted period. Overall global production and population increase are linked. Growth and penetration of products in the healthcare sector in developing countries, along with growth in disposable income, is driving the market for healthcare specialty tapes. The aging global population is also a key driver of this segment.
APAC is the fastest-growing specialty tapes market globally.
APAC is the fastest-growing specialty tapes market due to the growth in the end-use industries such as electricals & electronics, healthcare & hygiene, automotive, white goods, paper & printing, retail & graphics, and building & construction in China, India, Japan, South Korea, Indonesia, and Taiwan. The leading global players are shifting their production base, establishing sales offices, and enhancing distribution channels to developing regions, including APAC, which offer sustained demand to increase their profit margins. The gradual shift of manufacturing facilities to countries having high demand and lower production cost is positively influencing the market growth.
The key players profiled in the specialty tapes market report are 3M Company (US), Nitto Denko Corporation (Japan), tesa SE (Germany), Lintec Corporation (Japan), Avery Dennison Corporation (US), Scapa Group Plc (UK), Intertape Polymer Group, Inc. (US), Berry Global Inc. (US), Saint-Gobain Performance Plastics Corporation (France), and Lohmann GMBH & Co. Kg, Nichiban Co. Ltd (Germany).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441