Global Specialty Tapes Market to reach USD 72.75 billion by 2027.Global Specialty Tapes Market is valued approximately at USD 45.9 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.8% over the forecast period 2021-2027. Specialty tapes consists of a carrier film, foil or other flexible material. These tapes are manufactured with high-performance adhesives using carrier materials and are designed for the end use in industries such as electrical & electronics, healthcare, automotive, building & construction industry, retail & graphics etc. and improvement in healthcare systems. The global Specialty Tapes Market is being driven by growing demand of specialty tapes in aforementioned industries. Furthermore, supporting the European Green Deal with adhesives and sealants and replacing traditional fastening systems, will provide new opportunities for the global Specialty Tapes industry. For instance, according to the report of Economic Times Housing Finance Summit, around 3 houses are constructed per 1,000 people each year as compared with the required construction rate which is 5 houses per 1,000 population. The shortage of housing in urban areas is estimated to be 10 million units. An additional 25 million units of affordable housing are required by 2030 as per the need for growth in the Indian urban population. As a result, increased building and construction industry will necessitate the use of more specialty tapes in the construction of different houses and building, which will serve as a catalyst for the Specialty Tapes industry in the future. However, unstable raw material prices may impede market growth over the forecast period of 2021-2027.

Asia Pacific, North America, Europe, Latin America, and Rest of the World are the key regions considered for the regional analysis of global specialty tapes market. The growing demand and increasing product innovation makes North America the leading region across the world in terms of market share. Whereas North America is also anticipated to exhibit the highest CAGR over the forecast period 2021-2027 due to rising technological advancements in the manufacturing sector in the region.
Major market player included in this report are:

3M Company
Nitto Denko Corporation
Tesa SE
Lintec Corporation
Avery Dennison Corporation
Scapa Group PLC
Intertape Polymer Group Inc.
Berry Global Inc
Saint-Gobain Performance Plastics Corporation
Lohmann GmbH & Co. Kg
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Resin Type:
Acrylic
Rubber
Silicone
Others
By Backing material:
Polyvinyl chloride (pvc)
Woven/non-woven
Paper
Pet
Foam
Others
By End use:
Electrical & electronics
Healthcare & hygiene
Automotive
White goods
Building & construction
Others


By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Specialty Tapes Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors