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The global splicing tapes market size will grow by USD 83.77 million during 2019-2023. This market report provides a detailed analysis of the market by material (acrylic, rubber, silicone, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on many market vendors, including 3M Co., Avery Dennison Corp., Intertape Polymer Group Inc., Nitto Denko Corp., and tesa SE.
Key Insights on Splicing Tapes Market - Global Forecast 2019-2023
Browse TOC and LoE with selected illustrations and example pages of on splicing tapes market
Splicing tapes have significant applications in industries such as paper and printing, electrical and electronics, and labeling sectors. As they are highly resistant to saltwater, steam, oils, detergents, and chemicals, they are suitable for power cable repair, bottled connections, pipe repair, and cellular towers in the electric and electronics industry. The food and beverages packing industry also uses splicing tapes for manufacturing packaging food containers. Splicing tapes are also used in smartphones, tablets, and laptops. The ubiquitous use of these handheld devices and the growing demand for food and beverages are significantly influencing splicing tapes market growth.
Splicing tapes are also extensively used in electrical manufacturing. They are widely used for insulation, shielding, wrapping, and identification. The growing electrical industry is increasing the sales of splicing tapes. However, vendors are making further improvements in these tapes to enhance their functionality, which will help in increasing sales. Currently, vendors are integrating silicone adhesives into splicing tapes. Silicone-based splicing tapes are chemically passive, non-sticky, non-flammable, non-toxic, and optically clear. As a result, the tapes consume low energy and have effective mechanical interlocking ability with substrates. Vendors also prefer two-sided silicone-based adhesives to manufacture splicing tapes. The splicing tapes market analysis report predicts that as a result of these factors, the market will register a CAGR of over 3% during 2019-2023.
The global market is fragmented. To help clients improve their market positions, this splicing tapes market forecast report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. This report also includes information on the upcoming splicing tapes market trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
The report offers a detailed analysis of several leading splicing tapes manufacturers, including:
The acrylic segment held the largest market share in 2018, and the segment will account for the highest splicing tapes market share over the forecast period as well. Wide use in paper and packaging industries, high resistance to sunlight and water, and the ability to withstand temperature fluctuations will boost the growth of the market segment during the forthcoming years. This report provides an accurate prediction of the contribution of all the segments to the growth of the splicing tapes market size.
With a complete study of the growth opportunities for companies, it has been identified that APAC will account for the highest share of the splicing tapes throughout the forecast period. The rapid growth of end-user industries is a major factor influencing splicing tapes industry growth in this region.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY MATERIAL
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
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