Specialty Tapes Market Trend, Covid-19 Outbreak, Industry Growth, Synopsis, key Players and Forecast to 2025

Market Synopsis

The Global Specialty Tapes Market is expected to register a CAGR of 6% and cross USD 62 Billion by 2025. The demand for specialty tapes is primarily driven by the widespread use in electronic appliances owing to the superior benefits offered which include improved electrical insulation and resistance to heat & chemicals. Growing automotive industry in the developing markets with increased spending on automobiles coupled with rising per capita disposable income is expected to propel the market growth.

Segmentation

By Resin Type: By resin type, specialty tapes can primarily be categorized into acrylic, rubber, and silicone.

• Acrylic- It was the largest and fastest-growing segment in the global specialty tapes market in 2018 due to its general applicability and strong bonding capability as well as its ability to withstand high temperatures. They do not lose their functionality even after prolonged exposure to UV lights as well as to chemical agents, further enhancing their usability. Acrylic foam tapes are being widely used in numerous applications including automobiles to mount automobile parts, logo, and accessories; white goods, and construction among others.
• Rubber – It offers excellent insulation and sealing with the ability to withstand high temperatures. It is relatively cheap and highly used in the electrical & electronics and automotive industries.
• Silicone- It is resistant to tearing and have controlled elongation making it ideal to seal hard to reach places. The quick sealing also makes it very useful for filed repairs.

By Backing material: Backing material adds many qualities to the specialty tapes and is responsible for the increased specialization within the specialty tapes market. Based on backing material, the specialty tapes market has been segmented into polyvinyl chloride (PVC), woven/non-woven, paper, polyester (PET), foam, polypropylene, metal, glass cloth, polyethylene, and others.

• Polyvinyl Chloride (PVC)- PVC backed tapes was the largest and fastest-growing segment in the specialty tapes market in 2018 and is expected to register a significant growth during the review period on account of widespread use in electrical & electronics, automotive, and aircraft industries. PVC possesses superior flame retardant, chemical resistance, and electrical insulation properties.
• Woven/Non-woven tapes- Woven/Non-woven was the fastest-growing segment in the global specialty tapes markets. Woven tapes are difficult to tear while non-woven tapes can be easily torn, even by hand. Non-woven backed tapes are used in the automotive industry. It also finds use in the healthcare industry due to their comfort and ease of tearing. Non-woven cloth tapes possess good noise and vibration absorption properties.
• Foam tapes- Foam tapes are excellent at dampening vibrations and noise with the added ability to adapt to rough substrates and compensate for the different expansion factors making them suitable for use in numerous applications particularly electrical & electronics and printing.
• Paper- Paper backed specialty tapes provide suppleness and can be easily stretched. Paper tapes can be made using material such as kraft, crape, and recyclable paper. Paperbacked tapes offer superior benefits which include eco-friendliness, wide color range, good holding power, and good heat insulation.
• Metal - Metal backed tapes offer unparalleled electric conductivity and the ability to withstand high temperatures. They are widely used in electronic appliances and electric equipment to act as heat barriers.
• Glass- Glass backed tapes are employed in high stress and temperature environments due to their abrasion resistance, high tensile strength, and high-temperature resistance properties.
• Polypropylene and Polyethylene- Polypropylene and Polyethylene backed specialty tapes offer excellent tear and abrasion resistance and provide bonding at low temperatures.
• Polyester- Polyester backed tapes are durable and have extreme chemical resistance while being flexible, which makes them suitable for use in numerous applications which includes electronic appliances and printing & laminating industries.
• Others- The segment includes proprietary film, ionomer, industrial protective film backed specialty tapes.

Regulatory Analysis

Global Specialty Tapes Market Trend is forecast to grow at a CAGR of 6% and cross USD 62 billion by 2025. Specialty tapes accounted for around 15% of the total tapes market in 2018. The increasing regulations by the regulatory authorities particularly in the developed markets to reduce VOC (volatile organic compounds) emissions are affecting the market growth.

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Key Players

• NITTO DENKO CORPORATION (Japan)
• 3M (US)
• Tesa Tapes Private Limited (India)
• LINTEC Corporation (Japan)
• Avery Dennison Corporation (US)
• Scapa Group Plc (UK)
• Intertape Polymer Group (IPG), (US)
• Berry Global Inc. (Polyken, Patco, Ludlow Tape), (US)
• Saint-Gobain (Norbond, CHR), (France)
• Lohmann GmbH & Co.KG (Germany)
• NICHIBAN Co., Ltd (Japan)
• DermaMed Coatings Company, LLC (US)
• Specialty Tapes, STM, (US)
• ECHOtape (US)

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.