Rising need for splicing tapes in the paper and printing and packaging industries is a key factor driving market revenue growth.
Market Size - USD 564.5 Million in 2020, Market Growth - CAGR of 2.1%, Market Trends - Rising trend of recycling splice tapes by manufacturers in order to comply with government environmental regulations.
The global splice tape market size is expected to reach USD 667.2 Million in 2028, and register a CAGR of 2.1% during the forecast period. Increasing use of splice tapes in various end-use industries in manufacturing processes such as for joining two PVC-pipes and joining film-stock, electrical wires, rising demand for the product from the printing industry for joining two paper-rolls, which enables continuous web-printing are major factors driving market growth. These tapes offer high performance splicing of silicone coated films, coated surfaces, and papers.
However, regulations regarding manufacturing and use of reliable paper is a major factor that could hamper market growth to some extent.
Some Key Findings From the Report:
For the purpose of this report, the global splice tape market has been segmented on the basis of resin type, backing material, application, and region:
Resin Type Outlook
Backing Material Outlook
Application Outlook
Region Outlook
Reasons to Buy the Report
Market Size - USD 564.5 Million in 2020, Market Growth - CAGR of 2.1%, Market Trends - Rising trend of recycling splice tapes by manufacturers in order to comply with government environmental regulations.
The global splice tape market size is expected to reach USD 667.2 Million in 2028, and register a CAGR of 2.1% during the forecast period. Increasing use of splice tapes in various end-use industries in manufacturing processes such as for joining two PVC-pipes and joining film-stock, electrical wires, rising demand for the product from the printing industry for joining two paper-rolls, which enables continuous web-printing are major factors driving market growth. These tapes offer high performance splicing of silicone coated films, coated surfaces, and papers.
However, regulations regarding manufacturing and use of reliable paper is a major factor that could hamper market growth to some extent.
Some Key Findings From the Report:
- Among the resin segments, the acrylic resin type segment accounted for major share in terms of revenue in 2020, owing to various advantages offered such as easy availability of both, high or low tack, and high or low peel strength, better adhesion, and excellent Moisture & Vapor Transmission Rate (MVTR).
- Among the backing material segments, the paper /tissue segment accounted for major share in terms of revenue in 2020.
- Among the application segments, the paper & printing segment accounted for major share in terms of revenue in 2020, owing to growing adoption of splice tapes in the paper industry for flexographic printing, permanent-overlapped splices, end tabbing, etc.
- The electronics segment is expected to register the highest revenue growth rate during the forecast period. Implementation of the product in tabbing and holding of Lithium-Ion batteries and other various electronics products for color-coding in the electronics industry, coupled with rapidly increasing demand for lithium-ion batteries are factors driving revenue growth of this segment.
- The Asia Pacific splice tape market accounted for major share in terms of revenue in 2020, and is expected to register a robust revenue CAGR over the forecast period.
- North America market accounted for considerably high share in terms of revenue in 2020, due to developed end use industries including electronics, and printing in the region.
- Companies profiled in the market report include Tesa SE, Avery Dennison Corporation, Intertape Polymer Group, Inc., Scapa Group PLC, 3M Company, Shurtape Technologies, PLC, ECHO tape, Nitto Denko Corporation, and Adhesive Research, Inc. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
For the purpose of this report, the global splice tape market has been segmented on the basis of resin type, backing material, application, and region:
Resin Type Outlook
- Acrylic
- Rubber
- Silicone
- Others
Backing Material Outlook
- Paper/Tissue
- Pet/Polyester
- Non-Woven
- Others
Application Outlook
- Paper & Printing
- Electronics
- Packaging
- Labeling
- Others
Region Outlook
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Splice Tape Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in Splice Tape Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market synopsis
Chapter 2. Executive summary
Chapter 3. Indicative metrics
Chapter 4. Splice tape market segmentation & impact analysis
Chapter 5. Splice tape market by resin type insights & trends
Chapter 6. Splice tape market by backing material insights & trends
Chapter 7. Splice tape market by application insights & trends
Chapter 8. Splice tape market by region insights and trends
Chapter 9. Competitive landscape
Chapter 10. Company profiles
Companies Mentioned
- Tesa SE (Germany)
- Avery Dennison Corporation (US)
- Intertape Polymer Group Inc. (Canada)
- Scapa Group PLC (UK)
- 3M Company (US)
- Shurtape Technologies
- PLC (US)
- ECHO tape (US)
- Nitto Denko Corporation (Japan)
- Adhesive Research Inc. (US)
