Zion Market Research, the market research group announced the analysis report titled ‘Specialty Tape Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016-2024’
Sarasota, FL — (SBWIRE) — 06/12/2018 — Global Specialty Tape Market: Overview
With growing usage of specialty tapes in different sectors, producers are introducing latest products with developed characteristics to meet the particular demand and requirement. These tapes have exceptional characteristics other than general aspects accessible in adhesive tapes. For example, these tapes are defiant to different factors such as fire, water, dust, and so on. Specialty tapes are made stronger to hold any kind of heavy-weight objects defending from any kind of damage. Different kinds of adhesives are being utilized in the specialty tapes to present additional aspects, for instance, rubber and acrylic-based adhesives are used to create a soundproof tape. Additionally, producers are conducting research on new kinds of adhesives to build up new products.
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Global Specialty Tape Market: Growth Factors
Manufacturers are mainly focusing on presenting a new variety of specialty tapes with improved characteristics presenting resistance. Latest specialty tapes are developed to present functionality to be utilized in the region where it was not utilized before. Furthermore, latest adhesive solutions are also being produced to create specialty tapes that will function in extreme conditions, as well as offering protection. Specialty tapes are produced by coating different solutions on a substrate of paper or film. Additionally, in order to stay competitive in the global specialty tape market, several manufacturers are projected to focus on upgrading and modernizing their coating and mixing equipment. Furthermore, the utilization of the electronic equipment is rising which, in turn, is increasing the demand for the specialty tapes, thus, manufacturers are manufacturing tapes with an exceptional focus on heat as well as weather resistance features. Several types of research are also being executed to offer highly specialized adhesive technology for tapes utilized in electronics division.
Global Specialty Tape Market: Segmentation
The global specialty tape market is classified based on product type, end user, and region. Based on end-user, the market is categorized into electronics & electricals, paper/printing, healthcare, aerospace & defense, building & construction, automotive, white goods, hygiene, retail/graphic, and other end users. On the basis of product type, the specialty tape market is categorized into woven/non-woven, paper, foam, metal, glass cloth, polyvinyl chloride, polypropylene, polyethylene terephthalate, polyamide, and polyethylene.
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Global Specialty Tape Market: Regional Analysis
The Asia Pacific projects to remain the leading region in the global specialty tape market in the coming future. Furthermore, Asia Pacific is anticipated to emerge as one of the leading regions in the global specialty tape market. Socio-economic expansion contributes to the expansion of the global specialty tape market in the province. In addition, producers are majorly focusing on enhancing the quality of the specialty tapes by employing experienced and expert workforce and accepting new technologies for improved results. Growing infrastructure development in the Asia Pacific region results in the increasing demand for the specialty tape in the construction division. On the other hand, stringent policies on VOC emission are projected to obstruct the development of the market in the Asia Pacific. In addition to this, Europe and North America are also anticipated to experience expansion in the coming years. New growth in electronics, automotive, and healthcare divisions are propelling the development of the global specialty tapes market in Europe and North America.
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Global Specialty Tape Market: Competitive Players
Some of the most important market players in the global specialty tape market are Toshiba Medical Systems Corporation, LINTEC Corporation, Nitto Denko Corporation, Tesa SE, Henkel Corporation, Saint-Gobain Performance Plastics, 3M, E. I. du Pont de Nemours and Company, Sekisui Chemical Co., Ltd., ECHOtape, Intertape Polymer Group, Scapa Group Plc, Avery Dennison Corporation, Siemens Healthineers, and Xinapse Systems Ltd., among others.
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