The market size of special tapes in 2021 will be about 40.1 billion US dollars, and it is expected to have a CAGR of 5.0% between 2022 and 2027.
HYDERABAD, Telangana, India, Nov. 24, 2022 /EINPresswire.com/ — The Specialty Tape Market is valued at $40.1 billion in 2021 and is projected to grow at a CAGR of 5.0% over 2022-2027 gg. Special tapes provide precise design for specific applications, enriching the functionality of adhesive solutions. They are widely used due to excellent adhesive properties as well as chemical and abrasion resistance. Other properties of these tapes include tensile strength, peel strength, heat resistance, abrasion resistance and weather resistance. Resins used in specialty tapes include, but are not limited to, acrylic resins, synthetic rubbers, polyvinyl chloride, silicones, and phenolic resins. These resins offer several benefits, such as silicone adhesives being antifungal, UV and weather resistant. Width and thickness are important aspects to consider when making specialty tapes, however the length is specified by the user at the time of application. Specialty tapes include silicone tapes, pressure sensitive tapes, and other specialty tapes, which are widely used in splicing, bonding, and assembly. It is also used as sealing tape and masking tape in various fields. Currently, special tapes are replacing fasteners, rivets and other adhesive solutions in various industries due to their cost-effectiveness, good appearance, availability of colors and different grades.
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1. Asia Pacific is the fastest growing region in the global specialty tape market. This growth is primarily due to the presence and growth of key end-use industries, especially in China, Japan, India and South Korea.
2. Acrylic resins are widely used to make solvent-based or water-based special tapes. They form stronger bonds and can be used at high temperatures.
3. Specialty tapes are an important alternative to rivets, fasteners and other liquid adhesives and are expected to offer significant growth opportunities in the global market.
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1. Specialty Tape Market Segment Analysis – By Resin Type: In 2021, the acrylic segment will hold the largest share of the specialty tape market, accounting for about 30% of the global market share. Specialty acrylic tapes are widely used in the automotive industry to provide superior bond strength to plastics and metals compared to other technologies. Acrylic tape is high performance, durable and suitable for high temperature applications. It has good UV resistance and excellent resistance to solvents and moisture.
2. Analysis of market segments for specialized tapes – by end-use industries. The healthcare industry segment is expected to grow at a maximum CAGR of around 7.0% during the forecast period. Compared to other fasteners, specialty tapes are an economical alternative to other adhesives because they are lightweight and easy to apply. These tapes meet the basic requirements for use in medical and healthcare applications where they come into contact with the skin.
3. Specialty Tape Market Segment Analysis – Geographically: Asia Pacific is the fastest growing region and is expected to achieve a CAGR of 7.7% over the forecast period. This growth is primarily due to the growing demand for specialty adhesive tapes from various industries in the region. These tapes are widely used in electrical and electronics, automotive, healthcare, household appliances, construction, paper and printing, and aerospace industries.
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