Splicing Tapes Market Scope
The splicing tape market refers to the market for tapes used in the process of splicing, which is the joining of two ends of a material, such as paper or film. These tapes are used in a variety of industries, including printing, packaging, and textiles. The splicing tapes market is expected to grow in the coming years due to increasing demand for efficient and cost-effective methods of joining materials in these industries. Factors such as the growing use of flexible packaging, advancements in technology, and increasing demand for eco-friendly options are also expected to drive growth in the market. According to the new market research report "Splicing Tapes Market by Resin (Acrylic, Rubber, Silicone), Backing Material (Paper/Tissue, Pet/Polyester, Non-Woven & Others), Application (Paper & Printing, Packaging, Electronics, Labeling), and Region - Forecast to 2023", published by MarketsandMarkets™, the Splicing Tapes Market is projected to grow from USD 527 million in 2018 to USD 593 million by 2023, at a CAGR of 2.37% during the forecast period.
The splicing tapes market is driven by factors such as the increasing demand for splicing tapes in various end-use industries such as paper and packaging, automotive, and electronics. The growing use of splicing tapes in the packaging industry for carton sealing, bag sealing, and palletizing is also driving the market. Additionally, the increasing use of splicing tapes in the automotive industry for bonding and joining various automotive components is also driving the market.
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On the other hand, the market is restrained by factors such as the high cost of splicing tapes as compared to other adhesives and the availability of alternative products such as hot melt adhesives and pressure-sensitive adhesives. Additionally, the stringent regulations regarding the use of certain chemicals in the production of splicing tapes is also acting as a restraint on the market.
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"Splicing Tapes Market"84 – Tables 43 – Figures 124 – Pages
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Splicing Tapes Market Key Players
- 3M (US)
- Nitto Denko Corporation (Japan)
- Avery Dennison Corporation (US)
- Scapa Group Plc (US)
- tesa SE (Germany)
- Intertape Polymer Group, Inc. (Canada)
- Shurtape Technologies, Llc (US)
- ECHOtape (US)
- Orafol Europe Gmbh (Germany)
- Adhesive Research, Inc. (US)
The splicing tape market can be segmented by resin, backing material, application, and region.
On the basis of resin, the splicing tapes market is segmented as follows:
- Acrylic
- Rubber
- Silicone
- Others (Polyurethane and Phenolic)
Acrylic is estimated to be the largest resin segment in the splicing tapes market during the forecast period.
The acrylic segment is expected to account for the largest market share during the forecast period because of its better adhesion to a variety of substrates. Acrylic splicing tapes are designed with high or low tack and high or low peel strength. These tapes are permeable to moisture that is measured by the moisture vapor transmission rate (MVTR). Acrylic splicing tapes release off from body or skin without leaving adhesive residue. These tapes suit both pulpable and non-repulpable paper production process.
On the basis of backing material, the splicing tapes market is segmented as follows:
- Paper/Tissue
- PET/Polyester
- Non-Woven
- Others (PVC, Cloth fiber, PP, PE, and Polyolefin)
Paper/tissue is estimated to be the largest backing material in the splicing tapes market during the forecast period.
The paper/tissue is the most popular backing material used in the manufacturing of splicing tapes. Easy availability, flexibility, and a high degree of printability are driving the demand for paper/tissue backing splicing tapes. Also, paper/ tissue backing tape comes with many attractive features such as UV resistance, repulpablity, and others. Repulpable paper/tissue tape line can be recycled without contamination of the broke pulp for use in paper mills, converters, newspapers, and web printers for roll closing/tabbing and splicing.
On the basis of application, the splicing tapes market is segmented as follows:
- Paper & Printing
- Packaging
- Labeling
- Electronics
- Others (Floor Covering, Plastic Bonding, Automotive, and Textile)
On the basis of region, the splicing tapes market is segmented as follows:
- APAC
- North America
- Europe
- South America
- Middle East & Africa
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APAC to account for the largest share of the splicing tapes market during the forecast period.
The rising demand for paper in various industries from economies such as Japan, India, China, South Korea, Vietnam, Taiwan, Singapore, among others is contributing to the growth of the APAC splicing tapes market to. China is expected to lead the production and demand for splicing tape due to the increased paper and film production. It is also reportedly among the largest consumers of splicing tapes in the region.
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