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Specialty Tapes Market Analysis Exclusive Trends and Growth Opportunities Analysis to 2027
Market Synopsis
The Global Specialty Tapes Market is expected to register a CAGR of 6% and cross USD 62 Billion by 2027. 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. The 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.
Get a Free Sample Report @ https://www.marketresearchfuture.com/sample_request/8284
Segmentation
By Resin Type: By resin type, specialty tapes can primarily be categorized into acrylic, rubber, and silicone.
Regulatory Analysis
The increasing regulations by the regulatory authorities such as the US Environmental Protection Agency, EPA (US), International Maritime Organization, IMO (UK), and European Commission (Europe) regarding emissions of volatile organic compounds is affecting the market growth. However, the players operating in the global Specialty Tapes Market are emphasizing on developing tapes that emit less VOCs.
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: [email protected]
The Global Specialty Tapes Market is expected to register a CAGR of 6% and cross USD 62 Billion by 2027. 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. The 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.
Get a Free Sample Report @ https://www.marketresearchfuture.com/sample_request/8284
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 Analysis in 2020 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.
- 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.
- Electric and electronics- Electrical & electronics segment accounted for the largest share of the global specialty tapes market in 2018 and is expected to grow at a significant CAGR during the review period. The market growth can be attributed to the superior properties of the specialty tapes. Expanding electrical and electronics industry with increased spending on portable consumer electronics and white goods coupled with rising per capita disposable income and changing living standards.
- Healthcare- Healthcare was the fastest-growing segment in 2018 owing to rapid growth of the healthcare industry in the developing market coupled with growing aging population and rising hygiene awareness.
- Automotive- Automotive segment accounted for around 14% share of the specialty tapes market. Growing automotive production in the developing economies is expected to boost the market growth in the coming years.
Regulatory Analysis
The increasing regulations by the regulatory authorities such as the US Environmental Protection Agency, EPA (US), International Maritime Organization, IMO (UK), and European Commission (Europe) regarding emissions of volatile organic compounds is affecting the market growth. However, the players operating in the global Specialty Tapes Market are emphasizing on developing tapes that emit less VOCs.
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: [email protected]
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