Specialty Tapes Market: Current Analysis and Forecast (2021-2027)

The global specialty tapes market is likely to showcase a growth of around 6% during the forecast period. The performance of the global specialty tapes market depends on the performance of several industries such as chemicals, packaging, healthcare, electronics, and construction. Specialty tapes are utilized in construction and industrial applications owing to their high-tensile strength. These tapes are also used in the automotive and healthcare industries owing to their bonding and fastening properties. Further, these tapes are resistant to various factors such as water, fire, and dust, among others, and are much stronger to hold heavy-weight objects and protect them from any type of damage. Various types of adhesives are used in the manufacturing of specialty tapes to offer additional characteristics. For instance, acrylic and rubber-based adhesives are utilized to produce the soundproof tape. Moreover, the growing healthcare industry coupled with the increasing use of specialty tapes due to its wide utilization in surgical containers, monitoring electrodes and other medical devices, covering wounds, fixing cover shields while surgeries are performed, cleaning in antiseptic rooms as well as for manufacturing of disposable infant and adult diapers is maintaining its strong demand. Additionally, the robust growth of the food & beverages sector due to fast urbanization, adoption of modern lifestyles, and growing need for hygienic & packed food would drive the specialty tapes market.

Insights Presented in the Report:

"Amongst resin types, acrylic has a considerable share in the specialty tapes market"

Based on resin type, the market is categorized as acrylic, rubber, silicone, and others. Among these, acrylic held a considerable share in the specialty tapes market due to its favorable physical and chemical qualities, low cost, and applicability in a variety of end-use industries such as packaging, transportation, and healthcare. Further, they are more resistant to other solvents, chemicals, and water. Acrylic-based adhesive tapes are appropriate for both solvent and water-based technologies. Among all the resins used in the adhesive tapes sector, water-based acrylic adhesives are the least expensive.

"Amongst backing material, the paper held a significant position in the specialty tapes market"

Based on backing material, the market is categorized into polyvinyl chloride, woven/non-woven, paper, foam, polypropylene, and others. Among these, the paper held a prominent share in the global specialty tapes market. Paper tapes have excellent adhesion, heat insulation, temperature tolerance, and are environmentally safe, and come in various colors. Further, when compared to other adhesive tapes, these tapes offer more comfort. Moreover, they are thin, flexible, and smooth, making them ideal for vehicle and aviation manufacture, as well as appliance manufacturing, HVAC, and paper and printing applications.

"Amongst end-user, healthcare has a prominent share in the specialty tapes market"

Based on end-user, the market is categorized into electrical & electronics, healthcare, automotive, paper & printing, building & construction, and others. Among these, healthcare held a prominent share in the global specialty tapes market. The specialty tapes market is rising in healthcare due to the aging population, increased chronic illness incidence, and the high demand for in vitro diagnostics, hydrophilic films, transdermal patches, and oral dissolvable films. Also, the development of products such as disposable infant diapers, feminine hygiene products, and adult incontinence products all use specialty tapes.

"Asia-Pacific accounted for a prominent share in the global specialty tapes market"

For a better understanding of the market adoption of specialty tapes, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of the World. Asia-Pacific held a prominent share in the specialty tapes market owing to a rising base of various industries such as electric & electronics, healthcare, packaging, building and construction, and others. Also, the market growth can be attributed to the expanding automotive industry, in electric vehicles (Evs), specialty tapes are used for covering the gaps and for bonding purposes in the battery. Other prominent applications of such tapes in Evs are motor assembly, insulation, and wire harnessing. Moreover, increasing disposable income and rapid economic growth in the region are increasing the demand for better-quality products, and improving lifestyle is also fueling the market for specialty tapes.

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Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry

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Deep dive country-level analysis of the industry

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