To identify growth opportunities in the specialty tapes market, the market has been segmented into regions that are growing faster than the overall market. These regions have been pitted against regions that have a slower growth rate than the global market in 2018-2023. APAC, MEA, and South America will grow faster than the overall market. The growth of Europe and North America will be slower than the global market.
Below are some of the key findings from this specialty tapes market analysis report
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Global Specialty Tapes Industry Overview
Automotive, consumer durables, and healthcare products are some of the major end-users of specialty tapes. Companies in the chemical industry prefer specialty tapes for packaging and other applications. These tapes are also used in storage and transportation applications in the pharmaceutical sector because of their durability, resistance against contamination, and hygiene. Moreover, the demand for specialty tapes is also high from the food and beverages sector for packaging food containers. The automotive and consumer electronics sectors are also major end-users of specialty tapes. With the growing demand for mobile devices and rising penetration of the Internet, the consumer electronics industry will grow at a steady pace in the coming years. Moreover, the automotive and pharmaceutical industries will also witness steady growth in the coming years. The growth of the end-user industries will subsequently increase the demand for specialty tapes, driving market growth.
Additionally, the increasing use of silicon adhesives in specialty tapes will also drive the growth of the specialty tapes market, which will register a CAGR of over 5% during the forecast period. Silicon is widely used in various specialty tape applications, including graphic arts, medical, electronics, and automotive as it is chemically passive, non-flammable, non-toxic, and is optically clear. The adoption of silicon-based adhesive is increasing because silicon consumes less energy and offers effective mechanical interlocking with substrates. Because of its rheological properties, silicon protects the adhesive and limits the interaction between the film and the adhesive. Silicon-based specialty tapes offer excellent spreading performance and effective mechanical interlocking with the substrates. As a result of these benefits, the use of silicon adhesives in specialty tapes will increase further, which will be one of the key trends driving specialty tapes market growth.
Top specialty tapes market companies covered in this market research report
The specialty tapes market is moderately fragmented. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this specialty tapes market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.
The report offers a detailed analysis of several specialty tapes companies, including:
- 3M
- Beiersdorf AG
- Henkel AG & Co. KGaA
- SAINT-GOBAIN
- The Dow Chemical Co.
Specialty tapes market segmentation based on geographic regions
- APAC
- Europe
- MEA
- North America
- South America
APAC will account for the largest specialty tapes market share throughout the forecast period. The rapid growth of end-user industries such as automotive, consumer durables, and health and personal care is one of the major factors for the high growth of the specialty tapes market in this region.
Specialty tapes market segmentation based on end-users
- Consumer durables
- Health and personal care
- Automotive
- Electrical
- Aerospace and defense/military
- Other end-users
Specialty tapes are used in the consumer durables industry for multiple product groups including consumer electronics, fixtures, furniture, and household appliances. With the growing demand and production of consumer durables, the need for specialty tapes will increase from this end-user segment. The consumer durables industry will account for the largest specialty tapes market share during 2019-2023.
Key highlights of the global specialty tapes market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the specialty tapes market during the next five years
- Precise estimation of the global specialty tapes market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the specialty tapes industry across various geographies such as APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on factors that will challenge the growth of specialty tapes companies
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