Specialty Tapes Markets, 2024 - Rising Use of Specialty Tapes in Diverse End-use Industries Spurs Market Growth
DUBLIN, Aug. 9, 2019 /PRNewswire/ -- The "Specialty Tapes Market by Resin (Acrylic, Rubber, Silicone), Backing Material (PVC, Paper, Woven/Non-Woven, Pet, Foam, PP), Application (Electronics, Healthcare, Automotive, White Goods, Construction, Printing), and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The global market for specialty tapes is witnessing high growth with increased usage in different sectors. The global specialty tapes market size was USD 41.5 billion in 2018 and is projected to reach USD 59.3 billion by 2024, at a CAGR of 6.1% between 2019 and 2024.
APAC accounted for the major share of the overall market in 2018. This is due to expansion in socio-economic conditions and infrastructure development. On the other hand, stringent policies on VOC emission are projected to obstruct the development of the market in this region.
In addition, Europe and North America are also anticipated to experience expansion in the coming years. Growth in electrical & electronics, automotive, and healthcare & hygiene industries are propelling the development of the global specialty tapes market in Europe and North America.
Growth in demand for specialty tapes in the healthcare & hygiene application is driving the market
The growth of the market is primarily due to the increasing use of specialty tapes in the healthcare & hygiene industry. The specialty tapes market is affected by higher manufacturing costs resulting from increased energy costs. In addition, the consistently increasing global demand for chemicals and the capacity constraints in the supply of these primary chemicals and resin feedstock have fueled the rise in raw material prices.
Growth in the demand for PVC backing material is expected to fuel the demand for specialty tapes
PVC is the most popular backing material used in the manufacturing of specialty tapes. PVC tapes are non-corrosive and resistant to humidity and UV rays. PVC is a thermoplastic polymer that possesses excellent mechanical properties, better insulation ability, and higher resistance to chemicals. These tapes can be used in a variety of applications such as general purpose, lane marking, hazard warning, duct sealing, vapor barrier, protection, construction, automotive, white goods, aircraft, and other industrial applications. In addition, these tapes are ideal for masking during the chemical plating process in the
electrical & electronics industry.
Healthcare & hygiene is expected to be the fastest-growing application during the forecast period
The specialty tapes market in the healthcare & hygiene application is growing with the aging population, demand for surgeries, wound dressings, awareness of hygiene products, transdermal drug delivery, and many others, owing to their advantages in various applications. These tapes have wide acceptability due to factors such as low cost and easy availability, as compared to traditional medical procedures. The global hygiene market is expanding with innovative products that are thinner, more breathable, and absorbent. Specialty tapes are used in the manufacturing of disposable infant diapers, feminine hygiene, and adult incontinence products. The release liners used in these products have high tear and tensile strength due to optimum fiber content and good formation.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Specialty Tapes Market
4.2 Specialty Tapes Market, By Resin Type
4.3 Specialty Tapes Market, By Backing Material
4.4 APAC Specialty Tapes Market, By End-Use Industry and Country
4.5 Specialty Tapes Market, Developed vs. Developing Countries
4.6 Specialty Tapes Market, By Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Use of Specialty Tapes in Diverse End-Use Industries
5.2.1.2 Rising Urban Population
5.2.1.3 Improvement in Healthcare Systems
5.2.2 Restraints
5.2.2.1 Volatility in Raw Material Prices
5.2.3 Opportunities
5.2.3.1 Replacing Traditional Fastening Systems
5.2.4 Challenges
5.2.4.1 Implementation of Stringent Regulatory Policies
5.2.4.2 Volatility in Supply Chain
5.3 Porter's Five Forces Analysis
5.3.1 Intensity of Competitive Rivalry
5.3.2 Bargaining Power of Buyers
5.3.3 Bargaining Power of Suppliers
5.3.4 Threat of Substitutes
5.3.5 Threat of New Entrants
5.4 Macroeconomic Overview and Key Trends
5.4.1 Introduction
5.4.2 Trends and Forecast of GDP
5.4.3 Revenue of the Global Electrical & Electronics Industry
5.4.4 Trends in Healthcare & Hygiene Industry
5.4.5 Trends in Automotive Industry
5.4.6 Trends and Forecast in the Building & Construction Industry
6 Specialty Tapes Market, By Resin Type
6.1 Introduction
6.2 Acrylic
6.2.1 High Durability Than Other Specialty Tapes is Boosting the Demand for Acrylic Specialty Tapes
6.3 Rubber
6.3.1 Good Adhesion to A Plastics, Non-Polar, and Low-Energy Surfaces is Increasing the Demand for Rubber Specialty Tapes in APAC
6.4 Silicone
6.4.1 Wide Usage in Electricals & Electronics, Healthcare & Hygiene, and Automotive Industries is Driving the Silicone Specialty Tapes Market
6.5 Others
7 Specialty Tapes Market, By Backing Material
7.1 Introduction
7.2 Polyvinyl Chloride (PVC)
7.2.1 The Flame Retardancy and Electrical Insulation Properties are Expected to Drive the Demand for PVC Specialty Tapes
7.3 Woven/Non-Woven
7.3.1 Low Thickness and Good Adhesion to A Variety of Substrates are Expected to Drive the Demand for Woven/Non-Woven Specialty Tapes
7.4 Paper
7.4.1 Repulpable Nature of Paper Will Drive the Use of Paper Backing Material in Specialty Tapes
7.5 PET
7.5.1 Growing Demand in Consumer Goods, Automotive, and Building & Construction Industries is Expected to Spur the Demand for PET Backing Material in Specialty Tapes
7.6 Foam
7.6.1 The Growing Awareness About Acrylic Foam Tapes in Industries Such as Wind Energy, Automobile, and Defence has Increased the Number of Foam Specialty Tape Manufacturers
7.7 Polypropylene (PP)
7.7.1 The Growing Demand for Fast Moving Consumer Goods is Expected to Drive the Demand for PP Specialty Tapes
7.8 Others
8 Specialty Tapes Market, By End-Use Industry
8.1 Introduction
8.2 Electrical & Electronics
8.2.1 Socio-Economic Developments Including Rising Disposable Income in Developing Countries is Expected to Drive the Market
8.3 Healthcare & Hygiene
8.3.1 Growth of the Healthcare & Hygiene End-Use Industry Relies on the Level of Penetration of the Finished Products Within Each Country and Its Demographics
8.4 Automotive
8.4.1 The Growing Focus on Lightweight Hybrid and Electric Vehicles Will Boost the Demand for Specialty Tapes in the Automotive Sector.
8.5 White Goods
8.5.1 Specialty Tapes for Trim and Graphics Mock-Ups, Sound Deadening, Wire Harnessing, and Protection in Heating Elements are Driving the Market
8.6 Paper & Printing
8.6.1 The Market in the Paper & Printing Segment is Expected to Witness High Growth in APAC
8.7 Building & Construction
8.7.1 The Growth of Housing Sectors in Emerging Countries is Driving the Market in the Building & Construction Industry
8.8 Retail & Graphics
8.8.1 The Innovative Mounting Tapes Such as the Acxplus Product Range From Tesa is Driving the Specialty Tapes Market
8.9 Others
9 Specialty Tapes Market, By Region
9.1 Introduction
9.2 APAC
9.2.1 China
9.2.1.1 The Demand for Specialty Tapes is High in China as It is One of the Largest Manufacturers of Automobiles
9.2.2 India
9.2.2.1 The Country's Healthcare Sector is Growing Rapidly and is Expected to Drive the Specialty Tapes Market
9.2.3 Japan
9.2.3.1 Japan is the Third-Largest Specialty Tapes Consumer in APAC
9.2.4 South Korea
9.2.4.1 Stringent Environmental Regulations in This Country Regarding the Manufacturing and Usage of High Voc Content Tapes has Led to Slowdown in the Market Growth
9.2.5 Indonesia
9.2.5.1 Availability of Low Cost Raw Materials & Labor in Comparison to Other APAC Countries is A Driver for the Market
9.2.6 Taiwan
9.2.6.1 Specialty Tapes Export Volume is Higher Than the Domestic Sales in the Country
9.2.7 Rest of APAC
9.3 North America
9.3.1 US
9.3.1.1 Increase in Demand From the Automotive, Aerospace, and Electronics Industries Will Drive the Specialty Tapes Market
9.3.2 Canada
9.3.2.1 Significant Growth is Expected in the Technology-Intensive Areas
9.3.3 Mexico
9.3.3.1 Growing Demand From Key Industries Such as Healthcare & Hygiene, Electrical & Electronics, and Automotive is Expected to Propel the Demand for Specialty Tapes
9.4 Europe
9.4.1 Germany
9.4.1.1 Major Automotive Companies are Planning to Expand their Production CAPACity in Germany, Which Will Drive the Demand for Specialty Tapes in the Country.
9.4.2 Italy
9.4.2.1 The High Growth in the Automotive Industry is Expected to Drive the Specialty Tapes Market
9.4.3 France
9.4.3.1 The Expenditure on Healthcare is Expected to Increase in the Coming Years, thereby Providing Significant Growth Opportunities to the Specialty Tapes Market
9.4.4 Netherlands
9.4.4.1 With the Increase in Demand for Adhesives in Various Industries, the Demand for Specialty Tapes is Expected to Grow in the Country
9.4.5 UK
9.4.5.1 Advanced Technological Infrastructure and Increased R&D Investments Attract Companies Globally to Invest in the Country
9.4.6 Spain
9.4.6.1 Growth in the Transportation Sector and Recovery of the Construction Sector is Propelling the Demand for Specialty Tapes
9.4.7 Poland
9.4.7.1 Automotive Sector is One of the Key Branches of the Country's Economy
9.4.8 Russia
9.4.8.1 The Launch of 12 National Projects By The Russian Administration Provides Immense Growth Opportunities for Different Industries, Driving The Specialty Tapes Market
9.4.9 Rest of Europe
9.5 Middle East & Africa
9.5.1 South Africa
9.5.1.1 Low Production Costs and Access to New Markets Fuel The Growth of The Specialty Tapes Market in The Country
9.5.2 Turkey
9.5.2.1 Rapid Expansion of Trade Activities is Increasing The Demand for Specialty Tapes
9.5.3 Rest of The Middle East & Africa
9.6 South America
9.6.1 Brazil
9.6.1.1 Automotive and Building & Construction Industries Offer High Growth Potential for Specialty Tapes Manufacturers in The Country
9.6.2 Rest of South America
10 Competitive Landscape
10.1 Introduction
10.2 Competitive Leadership Mapping
10.3 Market Ranking Analysis
10.4 Competitive Scenario
10.4.1 Merger & Acquisition
10.4.2 New Product Launch
11 Company Profiles
11.1 3M Company
11.1.1 Business Overview
11.1.2 Products Offered
11.1.3 Recent Developments
11.1.4 SWOT Analysis
11.2 Nitto Denko Corporation
11.3 Tesa SE
11.4 Lintec Corporation
11.5 Avery Dennison Corporation
11.6 Scapa Group PLC
11.7 Intertape Polymer Group Inc.
11.8 Berry Global Inc.
11.9 Saint-Gobain Performance Plastics Corporation
11.10 Lohmann GMBH & Co. KG
11.11 Nichiban Co. Ltd.
11.12 Other Key Companies
11.12.1 Dermamed Coatings Company LLC
11.12.2 CCT Tapes
11.12.3 Gergonne - The Adhesive Solution
11.12.4 Adhesives Research Inc.
11.12.5 Advance Tapes International
11.12.6 Shurtape Technologies LLC
11.12.7 Mactac LLC
11.12.8 American Biltrite Inc.
11.12.9 YEM Chio Co. Ltd.
11.12.10 Atp Adhesive Systems AG
11.12.11 Wuan Huaxia Nanfang Adhesive Tapes Co. Ltd.
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