Specialty Tapes Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Specialty Tapes Market Analysis
The market for specialty tapes is expected to register a CAGR of over 4% during the forecast period. The major factors driving the market studied are increasing demand from the medical sector and increasing residential and commercial construction activities in the Asia-Pacific region. On the flip side, the slowdown in global automotive production and unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.
- The healthcare segment dominated the specialty tapes market is expected to grow during the forecast period, owing to the increasing healthcare expenditure in the developing countries.
- The development of new products in acrylic foam-based specialty tapes is forecasted to offer various opportunities for the growth of the market over the forecast period.
- The Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries, such as China, India, and Japan.
Specialty Tapes Market Trends
This section covers the major market trends shaping the Specialty Tapes Market according to our research experts:
Increasing Demand from Healthcare Segment
- The healthcare segment accounted for the largest share in the specialty tapes market, owing to increasing applications, such as tapes on surgical instruments, wound care.
- The United States healthcare sector is, by far, one of the most advanced sectors in the country. The increasing geriatric population and growing requirement for medical facilities for the treatment of chronic diseases have been supporting the growth of the healthcare sector.
- According to a recent analysis from the United States Federal Government Actuaries, expenditure on health care reached more than USD 4 trillion in the year 2019. This is considered as by far the highest spending in the world, according to the Organization for Economic Co-operation and Development.
- Medical tape is one of the major applications in the healthcare segment. The increasing out of pocket healthcare expenditure in developing countries is expected to drive the market for this segment during the forecast period.
Asia-Pacific Region to Dominate the Market
- Currently, the Asia-Pacific region dominates the global market in specialty tapes. China and Japan are the leading consumers of specialty tapes in the region.
- The increasing healthcare expenditure and the increasing penetration of modern healthcare facilities in India and ASEAN countries are driving the market for medical tapes in the region.
- Furthermore, increasing construction activities and electronics production in the region has been on the rise. For example, the electronics assembly market in countries, such as India and Vietnam, witnessed double-digit growth over the past 3 years.
- The automotive production in major manufacturing countries, such as China, India, and Japan, have been on the decline in 2019 due to the weak demand. This has slightly hampered the growth of the market.
- All these factors are expected to increase the demand for specialty tapes in the region during the forecast period.
Specialty Tapes Industry Overview
The global specialty tapes market is partially consolidated. Some of the major companies include 3M, AVERY DENNISON CORPORATION, Tesa SE - A Beiersdorf Company, NITTO DENKO CORPORATION, and LINTEC Corporation.
Specialty Tapes Market Leaders
3M
AVERY DENNISON CORPORATION
NITTO DENKO CORPORATION
LINTEC Corporation
tesa SE - A Beiersdorf Company
*Disclaimer: Major Players sorted in no particular order
Specialty Tapes Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Demand from Medical Sector
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4.1.2 Increasing Commercial and Residential Construction Activities in Asia-Pacific Region
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4.2 Restraints
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4.2.1 Slowdown in the Global Automotive Production
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4.2.2 Unfavorable Conditions Arising Due to the COVID-19 Outbreak
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 End-user Industry
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5.1.1 Healthcare
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5.1.2 Electrical and Electronics
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5.1.3 Automotive
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5.1.4 Paper and Printing
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5.1.5 Building and Construction
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5.1.6 Others
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5.2 Type
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5.2.1 Woven/Non-woven
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5.2.2 Polyvinyl Chloride
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5.2.3 Polyethylene Terephthalate
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5.2.4 Paper
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5.2.5 Polypropylene
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5.2.6 Others
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5.3 Technology
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5.3.1 Solvent-borne
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5.3.2 Water-borne
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5.3.3 Hot-melt
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5.3.4 Others
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5.4 Geography
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5.4.1 Asia-Pacific
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5.4.1.1 China
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5.4.1.2 India
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5.4.1.3 Japan
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5.4.1.4 South Korea
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5.4.1.5 Rest of Asia-Pacific
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5.4.2 North America
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5.4.2.1 United States
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5.4.2.2 Canada
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5.4.2.3 Mexico
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5.4.3 Europe
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5.4.3.1 Germany
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5.4.3.2 United Kingdom
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5.4.3.3 Italy
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5.4.3.4 France
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5.4.3.5 Rest of Europe
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5.4.4 South America
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5.4.4.1 Brazil
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5.4.4.2 Argentina
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5.4.4.3 Rest of South America
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5.4.5 Middle-East and Africa
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5.4.5.1 Saudi Arabia
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5.4.5.2 South Africa
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5.4.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share (%)/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles*
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6.4.1 3M
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6.4.2 AVERY DENNISON CORPORATION
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6.4.3 DuPont
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6.4.4 Henkel AG & Co. KGaA
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6.4.5 Intertape Polymer Group
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6.4.6 Lintec Corporation
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6.4.7 NITTO DENKO CORPORATION
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6.4.8 SCAPA GROUP PLC
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6.4.9 SEKISUI CHEMICAL CO. LTD
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6.4.10 Shurtape Technologies LLC
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6.4.11 tesa SE - A Beiersdorf Company
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Development of New Products in Acrylic Foam Based Specialty Tapes
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7.2 Other Opportunities
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Specialty Tapes Industry Segmentation
The specialty tapes market report includes:
| End-user Industry | |
| Healthcare | |
| Electrical and Electronics | |
| Automotive | |
| Paper and Printing | |
| Building and Construction | |
| Others |
| Type | |
| Woven/Non-woven | |
| Polyvinyl Chloride | |
| Polyethylene Terephthalate | |
| Paper | |
| Polypropylene | |
| Others |
| Technology | |
| Solvent-borne | |
| Water-borne | |
| Hot-melt | |
| Others |
| Geography | |||||||
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Specialty Tapes Market Research FAQs
What is the current Specialty Tapes Market size?
The Specialty Tapes Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Specialty Tapes Market?
3M, AVERY DENNISON CORPORATION, NITTO DENKO CORPORATION , LINTEC Corporation and tesa SE - A Beiersdorf Company are the major companies operating in the Specialty Tapes Market.
Which is the fastest growing region in Specialty Tapes Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Specialty Tapes Market?
In 2024, the Asia Pacific accounts for the largest market share in Specialty Tapes Market.
What years does this Specialty Tapes Market cover?
The report covers the Specialty Tapes Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Specialty Tapes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Specialty Tapes Industry Report
Statistics for the 2024 Specialty Tapes market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Specialty Tapes analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
