The future of the global specialty tape market looks promising with opportunities in the electrical & electronic, healthcare & hygiene, automotive, white goods, paper & printing, building & construction, and retail & graphic sectors. The global specialty tape market is expected to reach an estimated $55.7 billion by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are growing residential and commercial construction activities and rising demand for acrylic foam-based specialty tapes.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the specialty tape market by
resin type (acrylic, rubber, silicone, and others), backing material (polyvinyl
chloride, paper, woven/non-woven, pet, foam, polypropylene, and others), end
use industry (electrical & electronics, healthcare & hygiene,
automotive, white goods, paper & printing, building & construction,
retail & graphics, and others), and region (North America, Europe, Asia
Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will
grow at a faster pace and why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging
trends in this market and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market, acrylic,
rubber, and silicone are the major segments of specialty tape market by resin
type.
Lucintel forecasts that
acrylic is expected to witness the highest growth over the forecast period due
to its widespread utilization in the automotive sector to strengthen bonds,
endure high temperatures, and resist chemicals and UV light.
Within this market,
electrical & electronic is expected to witness the highest growth due to
rising use of specialty tape in this sector owing to its superior flame
retardance, heat, and electric insulation.
APAC will remain the
largest region over the forecast period due to the subtantial demand for specialty
tapes from various end use industries, such as healthcare, automobile, paper
& printing, and construction & building in the region.
3M, Nitto Denko, tesa
SE, Lintec, and Avery Dennison are the major suppliers in the specialty tape
market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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