Published on : Dec 27, 2017
Albany, New York, December 27, 2017: Specialty tapes are now being widely used in various industries. Looking to the growing demand, investment in research and development is also increasing in order to understand what product innovation and development need to be focused on to meet the demand of various industries. Market Research Hub (MRH) has recently added a new report titled “Specialty Tape Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2026” to its wide repository, which offers major insights, analysis, and valuable guidance on the prospects of global specialty tape market. According to this detailed study, the global market for specialty tape is likely to experience steady growth during 2017-2026, registering CAGR of 5.7%. The global market for specialty tapes is also predictable to bring in US$ 9,907.1 million revenue by the end of 2026.
Specialty tapes include a wide variety of tapes for specific use in industries, such as woven/non-woven, PVC (Polyvinyl chloride), paper, PP (Polypropylene), foam (incl. acrylic foam), PET (Polyethylene terephthalate), metal, PA (Polyamide), glass cloth, and PE (Polyethylene). These have unique features other than general features available in adhesive tapes. For instance, these tapes are resistant to various factors such as water, fire, dust, etc. Specialty tapes are also being made stronger to hold heavy-weight objects protecting from any damage.
Geographically, the global specialty tapes market is segmented into North America, Latin America, Europe, Japan, the Middle East and Africa (MEA), and Asia Pacific Excluding Japan (APEJ). Of these regions, Asia-Pacific excluding Japan is likely to emerge as one of the leading regions in the specialty tape market.
Further, the market study analyzes that new specialty tapes by manufacturers are made in order to provide high resistance, clean positioning, and better adhesion. The demand for high-resistance tapes has also increased with the rise in number of applications. End-use industries where specialty tapes have high demand include automotive, electronics & electricals, white goods, paper/printing, healthcare, hygiene, aerospace & defense, retail/graphic, building & construction, and others. Of them, electronics & electricals segment is expected to witness significant growth in the global specialty tape market over the years 2017-2026.
Moving further in the research study, the competitive landscape section features some of the top companies, their products and business strategies, and their standing in the global market. The leading players revealed in the report are Saint-Gobain Performance Plastics, E. I. du Pont de Nemours and Company, 3M, Henkel Corporation, LINTEC Corporation, Nitto Denko Corporation, Tesa SE, Scapa Group plc, , Avery Dennison Corporation, Toshiba Medical Systems Corporation, Intertape Polymer Group, ECHOtape, Sekisui Chemical Co. Ltd., Siemens Healthineers and Xinapse Systems Ltd.
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