Increasing adoption in electrical & electronics industry is expected to drive global specialty tapes market in coming years. Superior weather resistance and heat resistance properties of specialty tapes finds different applications in electrical & electronics industry such as in semiconductors, disc drives, printed circuit board manufacturing, white goods, seals & gaskets, and cell phones. Furthermore, expanding automotive industry in developed as well as developing economies will add market growth.
Adroit Market Research study on the global market for specialty tapes offers a holistic view of the industry from 2020 to 2028 as forecast period, including factors such as market drivers, limitations, opportunities, threats and regulatory overview. The market has been analyzed from 2018 to 2028, with a base year estimate of 2019 and a projection from 2020 to 2028. The report covers the current status and potential characteristics of the market at both the global and the country level. Moreover, the report also assesses market competition with Porter's analysis of five strengths and places leading players on the basis of their product range, regional presence, strategic initiatives and overall sales. Prominent players in the global specialty tapes market have been analyzed in depth.
Raw materials required for specialty tapes includes adhesives, films, release liners, papers, resins, foams, and foils. Availability of raw materials followed by rising tapes production in Asian countries are expected to make Asia Pacific; leading region in specialty tapes industry. Increasing automotive production, rising government initiatives towards commercial and residential activities, and presence of well-established electrical & electronics manufacturers are expected to open new avenues for specialty tapes market over the forecast period.
Stringent regulations imposed by the regulatory authorities such as International Maritime Organization, US Environmental Protection Agency, and European Commission regarding increasing environmental emission is expected to be the key market restraint over the coming years. However, companies operating in this industry are focusing on developing specialty tapes emitting less volatile organic compounds.
Prominent companies considered in the report are Nitto Denko Corporation, 3M Company, Tesa SE, Avery Dennison Corporation, Lintec Corporation, Intertape Polymer Group, Inc., Scapa Group PLC, Berry Global Inc., Saint-Gobain Performance Plastics Corporation, Nichiban Co. Ltd, and Lohmann GMBH & Co. KG. Some other notable players operating in this sector are Mactac, Shurtape Technologies, American Biltrite, Advance Tapes International, Adhesives Research, Inc., CCT Tapes, Dermamed Coatings Company, Atp Adhesive Systems AG, and Wuan Huaxia Nanfang Adhesive Tapes.
Key Segments of the Global Specialty Tapes Market
End-Use Overview, 2018-2028 (USD Million)
- Electrical & Electronics
- Healthcare & Hygiene
- Paper & Printing
- Building & Construction
Resin Type Method, 2018-2028 (USD Million)
Backing Material, 2018-2028 (USD Million)
- Polyvinyl Chloride (PVC)
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America