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Specialty tapes Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

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Specialty tapes Market
1. Specialty tapes market overview
The specialty tapes market is anticipated to grow at a CAGR of around 5% during the forecast period of 2020-2025.

Specialty tapes are defined as pressure-sensitive adhesive tapes with unique properties that make them suitable for specific applications. These tapes offer superior adhesion, holding power, durability, and performance in extreme temperatures and other difficult environments. Specialty tapes are used in a variety of applications such as automotive, electrical & electronics, aerospace, construction, and others.

The automotive industry is the major consumer of specialty tapes. The rising demand for automobiles, particularly in the Asia-Pacific region, is expected to drive the growth of the automotive specialty tapes market. The electrical & electronics industry is the second-largest consumer of specialty tapes. The rising demand for consumer electronics, particularly in the Asia-Pacific region, is expected to drive the growth of the electrical & electronics specialty tapes market.

The global specialty tapes market is segmented by type, application, and region.

By type, the market is segmented into acrylic, rubber, silicone, and others. The acrylic segment is expected to grow at the highest CAGR during the forecast period. Acrylic specialty tapes offer superior holding power and durability and are widely used in the automotive and construction industries.

By application, the market is segmented into automotive, electrical & electronics, aerospace, construction, and others. The automotive segment is expected to grow at the highest CAGR during the forecast period. The rising demand for automobiles, particularly in the Asia-Pacific region, is expected to drive the growth of the automotive specialty tapes market.

By region, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. The rising demand for automobiles, electrical & electronics, and construction in the Asia-Pacific region is expected to drive the growth of the specialty tapes market in the region.

Major players in the global specialty tapes market are 3M Company (US), Henkel AG & Co. KGaA (Germany), Nitto Denko Corporation (Japan), Tes

2. Market drivers
2 Market Drivers

The specialty tapes market is driven by two main factors: the need for better product performance and the need for faster production.

Product Performance

The need for better product performance is driven by the demands of the end user. End users are demanding products that are lighter, thinner, and have better adhesion. They also want products that are more durable and have better resistance to extreme temperatures and chemicals. To meet these demands, manufacturers are constantly innovating and improving the performance of their specialty tapes.

Faster Production

The need for faster production is driven by the competitive nature of the specialty tapes market. Manufacturers are always looking for ways to produce their products faster and more efficiently. This allows them to offer their products at lower prices and to win more business.

3. Market trends
The specialty tapes market is on the rise, and there are three primary trends driving this growth. First, businesses and consumers alike are increasingly demanding more sophisticated and customized tape solutions. This is especially true in the electronics and automotive industries, where manufacturers are looking for ways to improve the performance of their products. Second, the advancement of technology has resulted in the development of new and improved specialty tapes, which are more durable and offer better performance than traditional tapes. Finally, the rise in e-commerce has led to an increase in the demand for specialty tapes, as businesses look for ways to better protect their products during shipping.

4. Market segments
In business, a market segment is a group of customers who share a similar set of needs and wants. Companies typically define their target markets by creating market segments. Identifying a market segment is the first step in target marketing.

There are four primary market segments:

1. Mass Market

2. Niche Market

3. Segmented Market

4. Diversified Market

1. Mass Market

The mass market is the largest market segment and includes customers with very diverse needs. Companies that serve the mass market typically offer a wide range of products and services at a variety of price points.

2. Niche Market

A niche market is a small, specific market segment. Customers in a niche market have very specific needs that are not being met by the mass market. Companies that serve a niche market typically offer a limited range of products or services that are targeted specifically at that market.

3. Segmented Market

A segmented market is a market segment that is composed of smaller sub-segments. Customers in a segmented market share similar needs, but those needs are not identical. Companies that serve a segmented market typically offer a range of products or services that are tailored to the specific needs of each sub-segment.

4. Diversified Market

A diversified market is a market segment that is composed of multiple, distinct sub-segments. Customers in a diversified market have very different needs that are not necessarily related. Companies that serve a diversified market typically offer a range of products or services that are each targeted at a different sub-segment.

5. Competitive landscape
The specialty tapes market is a highly competitive one with a large number of players. The key players in the market are 3M Company, Nitto Denko Corporation, Henkel AG & Co. KGaA, Avery Dennison Corporation, and Illinois Tool Works Inc. (ITW). These players are well-established and have a strong presence in the global market. They have a wide range of products and are constantly innovating to meet the changing needs of the customers. The other players in the market include Intertape Polymer Group, Inc., Shurtape Technologies, LLC, and Tapes Solutions.

6. Key players
Today, we will be discussing the 6 key players in the specialty tapes market. This market is expected to grow at a CAGR of 5.1% from 2019 to 2024.

The specialty tapes market is highly fragmented with the presence of numerous small and big players. The key players in this market are 3M (US), Nitto Denko (Japan), Saint-Gobain (France), Tesa SE (Germany), Henkel (Germany), and Avery Dennison (US). These players have a strong presence in the developed as well as the emerging markets.

3M is one of the leading players in the specialty tapes market. The company has a strong product portfolio and offers a wide range of specialty tapes for various applications. It has a strong foothold in the US, Europe, and Asia Pacific. The company has a wide distribution network and has a strong brand presence.

Nitto Denko is another leading player in the specialty tapes market. The company has a strong product portfolio and offers a wide range of specialty tapes for various applications. It has a strong foothold in the US, Europe, and Asia Pacific. The company has a wide distribution network and has a strong brand presence.

Saint-Gobain is a leading player in the specialty tapes market. The company has a strong product portfolio and offers a wide range of specialty tapes for various applications. It has a strong foothold in the US, Europe, and Asia Pacific. The company has a wide distribution network and has a strong brand presence.

Tesa SE is a leading player in the specialty tapes market. The company has a strong product portfolio and offers a wide range of specialty tapes for various applications. It has a strong foothold in the US, Europe, and Asia Pacific. The company has a wide distribution network and has a strong brand presence.

Henkel is a leading player in the specialty tapes market. The company has a strong product portfolio and offers a wide range of specialty tapes for various applications. It has a strong foothold in the US, Europe, and Asia Pacific. The company has a wide distribution network and has a strong brand presence.

Avery Dennison is a leading player in the

7. Future outlook
The specialty tapes market is expected to grow at a CAGR of 5.5% between 2019 and 2024. The market is driven by the growing demand for pressure-sensitive adhesives, films, and other materials in various end-use industries. However, the volatile raw material prices are expected to restraint the market growth during the forecast period.

The pressure-sensitive adhesives segment is expected to grow at the highest CAGR during the forecast period. Pressure-sensitive adhesives are extensively used in the packaging, construction, and automotive industries. They offer various benefits, such as easy application, good bond strength, and resistance to extreme temperatures.

The Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. The growth in the Asia-Pacific region is attributed to the growing demand from the packaging, construction, and automotive industries in the region. The region has a large number of end-use industries and is home to some of the leading manufacturers of specialty tapes.

Some of the major players operating in the specialty tapes market include 3M Company (US), Henkel AG & Co. KGaA (Germany), Nitto Denko Corporation (Japan), Avery Dennison Corporation (US), Tesa SE (Germany), Shurtape Technologies, LLC (US), Intertape Polymer Group, Inc. (Canada), Lintec Corporation (Japan), and Berry Global Inc. (US).

Key Players Covered:

The global Specialty tapes Market is fairly fragmented with the presence of number of global titans and regional manufacturers. Some of the prominent players in the global specialty tapes market include- The Dow Chemical Company, 3M, Nitto Denko Corporation, tesa SE, Lintec Corporation, Intertape Polymer Group, Inc, Berry Global Inc., Saint-Gobain Performance Plastics, Nichiban Co. Ltd., Lohmann GMBH& Co. KG, Avery Dennison Corporation, Scapa Group Plc, STM and others.

Segmentation

DETAILS
 

By Film Type

 

 

    • Acrylic
    • Rubber
    • Silicone
    • Others [Polyurethane (PU), Phenolic, EVA, and Butyl]
 

By Backing Material

 

 

    • PVC
    • Paper
    • Polyester
    • PET
    • Foam
    • PP
    • Others (Polyimide, Metal, Glass Cloth, etc.)
 

By End-Use Application

 

 

    • Automotive
    • Paper & Printing
    • Healthcare
    • White Goods
    • Electrical & Electronics
    • Building & Construction
    • Commercial & Consumer
    • Others (Military & Defence, Sports & Entertainment, and Aerospace)
 

By Geography

 

 

    • North America (U.S., and Canada)
    • Latin America (Mexico, Brazil, and Rest of LATAM)
    • Europe (Germany, UK, France, Italy, Russia, and Rest of Europe)
    • Asia Pacific (China, India, Japan, South Korea and Rest of Asia Pacific)
    • Middle East & Africa (Saudi Arabia, UAE, and Rest of Middle East & Africa
 

By Film Type

 

 

    • Acrylic
    • Rubber
    • Silicone
    • Others [Polyurethane (PU), Phenolic, EVA, and Butyl]
 

By Backing Material

 

 

    • PVC
    • Paper
    • Polyester
    • PET
    • Foam
    • PP
    • Others (Polyimide, Metal, Glass Cloth, etc.)
 

By End-Use Application

 

 

    • Automotive
    • Paper & Printing
    • Healthcare
    • White Goods
    • Electrical & Electronics
    • Building & Construction
    • Commercial & Consumer
    • Others (Military & Defence, Sports & Entertainment, and Aerospace)

The Dow Chemical Company, 3M, Nitto Denko Corporation, tesa SE, Lintec Corporation, Intertape Polymer Group, Inc, Berry Global Inc., Saint-Gobain Performance Plastics, Nichiban Co. Ltd., Lohmann GMBH& Co. KG, Avery Dennison Corporation, Scapa Group Plc, STM and others.

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