Global Speciality Tapes Market To Be Driven By Increased Demand From Various End Use Segments In The Forecast Period Of 2021-2026
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The new report by Expert Market Research titled, 'Global  Specialty Tapes Market Size Report and Forecast 2021-2026', gives an in-depth analysis of the global specialty tapes market, assessing the market based on its segments like resin type, end-use, backing material, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter's Five Forces models.

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The key highlights of the report include:

Market Overview (2016-2026)

• Historical Market Size (2020): USD 45.2 trillion
• Forecast CAGR (2021-2026): 6%
• Forecast Market Size (2026): USD 64.2 trillion

These tapes are useful for assembling electronic components in the electrical and electronics industries. The automotive, construction, electronics, and healthcare industries are all seeing significant growth, which is helping the specialty tapes industry.

Industry Definition and Major Segments

To improve the adhesive tape's specialized capacities, specialty tapes have application-specific designs. Abrasion and chemical resistance, adhesion properties, and other characteristics not commonly found in regular adhesive tape varieties are examples of this.

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The market can be classified based on backing material as:

• Polyvinyl chloride (PVC)
• Woven/non-woven
• paper
• PET
• Foam
• Polypropylene (PP)
• others

The industry can be segmented based on resin type as:

• Acrylic
• Rubber
• Silicone
• others

The specialty tapes market can be categorized on the basis of end-use into:

• Electrical and Electronics
• Healthcare and Hygiene
• Automotive
• White Goods
• Paper and Printing
• Building and Construction
• Retail and Graphics
• others

The regional specialty tapes markets can be divided into:

• North America
• Europe
• Asia-Pacific
• latin america
• Middle East and Africa

Market Trends

The specialist tapes market is benefiting from the increased demand for specialty tapes in the electrical and electronics, hygiene, building and construction and automotive industries, as manufacturers focus largely on delivering a new product range with improved qualities. As a result, manufacturers are manufacturing tapes with a strong emphasis on heat and weather resistance, which is fueling the market for specialty tapes.

The PVC category is predicted to account for the greatest share of specialized tapes in the industry. The healthcare and hygiene sector is estimated to account for the biggest market share throughout the forecast period, as specialty tapes have wound care applications and are widely used in surgical containers, monitoring electrodes, and other medical equipment.

Key Market Players

The major players in the market are 3M Company (NYSE: MMM), Nitto Denko Corporation, Tesa SE, Lintec Corporation, Avery Dennison Corporation, Scapa Group PLC and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

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