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Specialty tapes hold around one-eighth of the global adhesive tapes market. Specialty tapes find wide adoption amongst the end-use industries. Different resins and materials are used to manufacture these specialty tapes depending upon the specific application as per customer needs.
On the basis of resin type, specialty tapes market is segmented into acrylic, rubber, silicone and others (polyurethane, phenolic, EVA, etc.). On the basis of backing material, Specialty tapes Market is segmented into PVC, paper, polyesters, PP, PET, foam and Others (Polyimide, Metal, Glass Clothed.). On the basis of end-use industry, specialty tapes market can be segmented into medical & healthcare, automotive, paper & printing, white goods, electrical & electronics, building & construction, commercial & consumer and others (military & defence, sports & entertainment, and aerospace).
Key Market Driver -
Wide adoption in consumer applications, healthcare & hygiene and automotive to drive the Specialty Tapes Market.
Key Market Restraint -
Soaring prices of key raw materials
From a geographical standpoint, the market is categorised into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key market Drivers, polypropylene backed specialty tapes are expected to drive the global market in the long term forecast. Though the global automotive industry was virtually flat in 2018 & 2019, the industry is expected to gain some momentum in the upcoming years as per the industry experts. This growth is expected to further propel the specialty tapes market.
Key market restraints, the soaring raw material prices, implementation of stringent environmental norms, etc. are some of the restraints that can retard the specialty tapes market growth.
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.
On geographical basis, Specialty tapes Market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific dominates the Specialty tapes Market with over 50% of the global consumption in the region. China consumes significant amount of specialty tapes in the Asia-Pacific region and so far its automotive industry has driven the market growth. Besides, number of manufacturers are setting up their production bases in Asia-Pacific. Europe region is expected to witness moderate growth over the long term forecast with slight high rates over the mid-term forecast.
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However, the mature markets of developed economies such as Germany, France, UK, etc. are expected to witness low growth over the forecast period. North America Specialty tapes market is also expected to follow the trend similar to that of the developed European economies and manufacturers are expected to strengthen their sales network in the foreign markets. Brazil & Mexico are expected to continue their dominance in the Latin American Market. However, with the improving socio-political conditions in the region is also expected to boost the market over mid-term and long term forecast. Middle East & Africa specialty tapes market is expected to experience steady growth over the forecast period.
By Film Type
By Backing Material
By End-Use Application
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