Specialty Tapes Market size worth $71.32 Billion, Globally, by 2028 at 5.81% CAGR: Verified Market Research®

JERSEY CITY, N.J., Oct. 12, 2021 /PRNewswire/ -- Verified Market Research recently published a report, "Specialty Tapes Market" By Backing Material (Polyvinyl Chloride, Woven/non-woven, Polypropylene), By End-Use Industry (Electrical & Electronics, Healthcare & Hygiene), and By Geography. According to Verified Market Research, the Global Specialty Tapes Market size was valued at USD 45.39 Billion in 2020 and is projected to reach USD 71.32 Billion by 2028, growing at a CAGR of 5.81% from 2021 to 2028.

Verified_Market_Research_Logo

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=54545

Browse in-depth TOC on "Specialty Tapes Market"
202 - Pages
126 – Tables
37 – Figures

Global Specialty Tapes Market Overview

Specialty tapes are used in various end-use industries such as electrical & electronics, healthcare, automotive, white goods, paper & printing, construction, etc. The electrical & electronics industry's trend toward using flatter and microelectronic devices continues. The rise in the aging population, growing chronic diseases, and demand for in-vitro diagnostics, hydrophilic films, transdermal drug delivery patches, and oral dissolvable films are driving the market of Specialty Tapes in the healthcare industry.

Furthermore, construction is also one of the growing end-use industries of specialty tapes in regions like APAC, South America, and the Middle East. These tapes are used for HVAC, glazing, reduction, and insulation in the construction industry. Thus, the growing use of specialty tapes in diverse end-use industries is expected to drive global specialty tapes market growth.

However, Volatile raw material prices, the slowdown in global automotive production, and unfavorable conditions from the COVID-19 outbreak are hindering the market's growth. The replacing traditional fastening systems, various properties offered by-products such as high strength and weather resistance, and the rapid increase in hygiene awareness among the consumers are likely to provide multiple growth opportunities for the specialty tape market growth over the forecast period.

Key Developments in Specialty Tapes Market

  • In January 2019, tesa SE, a German manufacturer of self-adhesive products & solutions, launched six new aluminum foil tapes. These tapes are used in consumer electronics, including refrigerators, to seal liners of the freezer for better heat transfer.
  • In March 2021, Duraco Specialty Tapes buys a US-based Filmquest Group. The acquisition of Filmquest will enable Duraco to expand its product offering into specialty films within the $18bn flexible packaging market in the U.S.
  • In October 2019, 3M acquired Acelity Inc., a recognized leading provider of advanced wound care technologies and solutions. This acquisition is expected to bolster 3M's Health Care business's Medical Solutions business and support its growth strategy to offer comprehensive, advanced, and surgical wound care solutions.

The major players in the market are 3M Company, Nitto Denko Corporation, tesa SE, Lintec Corporation, Avery Dennison Corporation, Scapa Group Plc, Intertape Polymer Group, Inc., Berry Global Inc., Saint-Gobain Performance Plastics Corporation, and Lohmann GmbH & Co. K.G.

Verified Market Research has segmented the Global Specialty Tapes Market On the basis of Backing Material, End-Use Industry, and Geography.

  • Specialty Tapes Market, By Backing Material
    • Polyvinyl Chloride
    • Woven/Non-Woven
    • Polypropylene
    • Others
  • Specialty Tapes Market, By End-Use Industry
    • Electrical & Electronics
    • Healthcare & Hygiene
    • Building & Construction
    • Others
  • Specialty Tapes Market by Geography
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • ROW
      • Middle East & Africa
      • Latin America

Browse Related Reports:

Medical Superabsorbent Polymers Market By Type (Woven, Non-Woven), By Application (Wound Care Management, Surgical Tapes, Gauzes, Bandages, Personal Hygiene, Agriculture), By Geography, Forecast, 2020-2027

Pressure Sensitive Adhesives Market By Product (Graphic Films, Labels, Tapes), By Technology (Radiation-Cured, Hot Melt, Solvent-Based, Water-Based), By End-User (Automotive, Construction, Consumer Goods, Electronics), By Geography, Forecast, 2020-2027

Solvent Pressure Sensitive Adhesives Market By Application (Tapes, Labels, Films), By End-User (Automotive, Packaging, Medical), By Geography, Forecast, 2020-2027

Industrial Tapes Market By Product (Filament Tapes, Aluminum Tapes, Duct Tapes), By Backing Material (Polypropylene, Paper, Polyvinyl Chloride), By End-User (Manufacturing Industry, Automotive Industry, Logistics Industry), By Geography, Forecast, 2020-2027

5 leading industrial tape manufacturers holding world together with creativity

Visualize Specialty Tapes Market using Verified Market Intelligence:-:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us

Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Email: sales@verifiedmarketresearch.com
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter

Cision View original content:https://www.prnewswire.com/news-releases/specialty-tapes-market-size-worth-71-32-billion-globally-by-2028-at-5-81-cagr-verified-market-research-301398134.html

SOURCE Verified Market Research

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.