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Electronics and Electrical Industry Driving Demand in Specialty Tape Market

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Published on : Jan 09, 2018

ALBANY, New York, Jan 09, 2018: ResearchMoz.us announces the addition of a fresh new report to its prestigious repository, titled “Specialty Tape Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026.” The report, a decision-making tool developed by a group of professional and experienced research analysts, aims to serve as a business development product for its targeted audiences such as specialty tape manufacturers, raw material suppliers, government and related research agencies, and traders and distributors of these tapes. 

The report kicks-off with a crisp overview of the current market for specialty tape and then dives into analyzing every important factor that will define the demand during the forecast period of 2017 to 2026. During the same duration, the report also examines how the demand for various segments will increment, bifurcating the market on the basis of product type and end users. Taking historical figures on how the demand has evolved in the years gone by, the analysts of the report have evaluated the potential of specialty tape market in various regions and countries, and then finishes off with a detailed section on competitive landscape, wherein a number of leading companies have been profiled for their geographical outreach, product portfolio, and recent strategic decisions.

As per the projections of the report, the demand in the global specialty tape market will increment at a notable CAGR of 5.7% during the forecast period of 2017 to 2026, estimating the opportunities to translate into a revenue of US$9,907.1 mn by 2026. This prosperity of the specialty tape market is primarily a result of good health of its various application industries, especially electronics and electrical, automotive, building and construction, and paper and printing. In addition to that, manufacturers are focused on developing specialty tapes that offer enhanced resistance in order to expand its application, making them apt to function under extreme conditions of heat, moisture, temperate, pressure, and abrasion. Implementation of new equipment that are in accordance with stringent government regulations against pollution is also helping the companies to stay ahead of the competition.

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Based on product type, the report segments the specialty tape market into non-woven and woven, paper, polyvinyl chloride (PVC), foam including acrylic foam, metal, polyethylene terephthalate (PET), polyamide (PA), polyethylene (PE), and glass cloth. Currently, the non-woven and woven segment is most lucrative, projected to provide for a demand share of US$1,900 mn by the end of 2026, although the PVC segment is also showcasing strong growth indications.

Application-wise, the market for specialty tape market has been bifurcated into electronic and electrical, automotive, building and construction, paper and printing, white goods, healthcare, hygiene, retail and graphic, aerospace and defense, and other end use industries. By the end of the forecast period, 2026, the electronics and electrical segment is estimated to be worth US$2,700 mn.

Geographically, Asia Pacific except Japan (APEJ) has been highlighted as the most profitable region, gaining traction from the emerging economies of China and India, wherein the electronics and automotive industries are flourishing.

As far as competitive landscape of the global specialty tape market is concerned, the value chain is divided among a large chunk of players including E. I. du Pont de Nemours and Company, Saint-Gobain Performance Plastics, Toshiba Medical Systems Corporation, 3M, Nitto Denko Corporation, Scapa Group plc, Tesa SE, Intertape Polymer Group, LINTEC Corporation, Avery Dennison Corporation, ECHOtape, Sekisui Chemical Co., Ltd., Xinapse Systems Ltd, and Siemens Healthineers. Most of these companies are indulged into the development of improved products in order to maintain their stronghold over the market.

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