Market Size of Specialty Tapes Industry
| 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.
