Global Specialty Tape Market By Resin Type (Acrylic, Rubber, Silicone, Others), Backing Material (PVC, Woven/Non-Woven, Metal, Paper, PET, Foam, PP, PA, Glass Cloth, Others), End-Use Industry (Electrical & Electronics, Healthcare & Hygiene, Automotive, Aerospace & Defense, White Goods, Paper & Printing, Building & Construction, Retail & Graphics, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Specialty Tape Market
Global specialty tape market is expected to register a substantial CAGR of 5.60% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the wide-spread adoption of specialty tapes from various applicable industries as well as greater focus on industrial research and development in the product offerings.
Market Definition: Global Specialty Tape Market
Specialty tapes are specially designed adhesive solutions that are for a specific application. These tapes are produced with highly effective adhesive solution and backing material designed for each individual application. The specific nature of the products’ applications results in higher prices as compared to traditional tapes.
Increasing levels of urbanization and population shifting to urban areas is expected to boost the growth of the market
Growing expansion of infrastructure and resource expansion of various manufacturers to improve the entire productivity cycle is also expected to boost the growth of the market
These tapes exhibit a variety of resistant characteristics and improvements over traditional adhesion system; this factor is expected to drive the growth of the market