The global specialty tapes market size is anticipated to grow at a healthy CAGR from 2024 through 2032.

Specialty tapes are customized as per the customer’s specific application. They are divided into three types such as hazard tape, gaffer’s tape, and surgical tape. The most common types of tapes are flooring, masking, electrical, painter’s, mounting, and packing.

These tapes are mostly used in healthcare & medical, electrical & electronics, commercial and & consumer, and so on.

Fortune Business Insights presents this information in its report titled “Specialty Tapes Market, 2024-2032.”

The Report Lists the Key Players Profiled in the Market Report:

  • The Dow Chemical Company (U.S.)
  • 3M (U.S.)
  • Nitto Denko Corporation (Japan)
  • Tesa S.E. (Germany)
  • Lintec Corporation (Japan)
  • Intertape Polymer Group, Inc (Canada)
  • Berry Global Inc (U.S.)
  • Saint-Gobain Performance Plastics (France)
  • Nichiban Co. Ltd (Japan)
  • Lohmann GMBH & Co. KG (Germany)
  • Avery Dennison Corporation (U.S.)
  • Scapa Group Plc (U.K.)
  • STM (U.K.)

Market Segments:

Based on film type, the market is classified into acrylic, rubber, silicone, and others.

On the basis of backing material, the market is split into PVC, paper, polyester, PET, foam, P.P., and others.

According to end-use application type, the market is segmented into automotive, paper & printing, healthcare, white goods, electrical & electronics, building & construction, commercial & consumer, and others.

Geographically, the market is segregated into North America, Latin America, Europe, Asia Pacific, the Middle East & Africa.

Get Sample PDF:

Report Coverage:

This report covers the synopsis of this market that provides:

  • In-depth analysis of the market.
  • Impact of COVID-19.
  • Drivers and restraints.
  • Regional insights.
  • Competitive landscape.
  • New growth opportunities
  • Key players operating in the market

Drivers & Restraints:

Increasing Adoption of to Elevate Market Growth during the Forecast Period

Increasing demand and adoption for the product from various industries such as automotive, paper & printing, medical & healthcare, white goods, building & construction, commercial & consumer, and white goods. The demand for the material is extended from other industries such as sports & entertainment, aerospace, and military & defense.

The rise in raw material prices is anticipated to hamper specialty tapes market growth.

Regional Insights:

Asia Pacific’s Dominant Consumption to Uplift the Market during the Forecast Period

Asia Pacific drives the market with almost 50% of global consumption. In China, the automotive industry commands a significant percentage of the specialty tapes market share.

Europe region is anticipated to grow and show considerable growth during the forecast period with a slight rise in rates.

Developed countries such as France, the U.K., and Germany market is anticipated to show a lower rate of growth. Mexico & Brazil are the countries expected to show moderate growth from 2024 through 2032.

The Middle East & Africa is expected to show moderate growth through 2032.

Competitive Landscape

Innovative Launch Operations by Key Players to Boost Market Growth

Players in the market have launched new techniques to boost market growth with their solutions and elevate the competition in the market. It includes launching new patterns, such as investments, and launching new and advanced products in the market. Companies have been applying new plans, such as partnerships and mergers, to support their position in the market.

Notable Industry Development:

  • May 2021 – Teijin Carbon Europe declared the launch of new polyphenylene sulfide (PPS) based on carbon fiber thermoplastic unidirectional pre-impregnated tape (TPUD).
  • December 2022 – Pro Tapes and Specialties was acquired by Shurtape Technologies. The acquisition is anticipated to fast-track growth through the rise in investments in sales efforts, manufacturing capacity, and marketing activities for both companies.

Inquire Before Buying Report:

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Contact Us:
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower, Baner-Mahalunge Road,
Baner, Pune-411045, Maharashtra, India.

Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: [email protected]

Information contained on this page is provided by an independent third-party content provider. XPRMedia and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact [email protected]