Tape Transformation: Navigating the Dynamics of Splicing Tapes Growth
Splicing tapes are double-sided adhesive tapes used to join two rolls of material during manufacturing processes without interrupting production. In the chemical and packaging industries, these tapes play a crucial role in ensuring seamless and efficient operations. 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 upcoming years, at a CAGR of 2.37% during the forecast period.
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The demand for splicing tapes arises from their ability to enhance production speed, reduce downtime, and maintain consistent quality in processes such as label printing, paper converting, and flexible packaging. Their versatility and ease of use make splicing tapes a valuable solution for achieving continuous and uninterrupted manufacturing in various applications within the chemical and packaging sectors.
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"Splicing Tapes Market"84 – Tables 43 – Figures 124 – Pages
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Splicing Tapes Market Key Players
include 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), and Adhesive Research, Inc. (US).
The 3M Company second-most active company in the market. The company operates through five business segments, namely, industrial, safety & graphics, electronics & energy, health care, and consumer. It manufactures splicing tapes for varied applications through its electronics & energy segment. Its splicing tapes products in the paper & printings application have global brand recognition. The company has planned to adopt organic and inorganic strategies such as new product launch, investment & expansion, and merger & acquisition in the future which will surely increase its presence and revenue globally.
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.
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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.
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.
Table of Contents for Splicing Tapes Market:
- Introduction of the Splicing Tapes Market
- Overview of the Market
- Scope of Report
- Assumptions
- Executive Summary
- Research Methodology of Verified Market Reports
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
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- Splicing Tapes Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
- plicing Tapes Market, By Resin
- Splicing Tapes Market, By Backing material
- Splicing Tapes Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
- Splicing Tapes Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
- Company Profiles
- Appendix
- Splicing_Tapes_Market
- Splicing_Tapes_Industry_Size
- Splicing_Tapes_Industry_share
- Splicing_Tapes_Market_Value
- Splicing_Tapes_Industry_trends
- Splicing_Tapes_Industry_Analysis
- Splicing_Tapes_Industry_Overview
- Splicing_Tapes_manufacturers
- Demand_for_Splicing_Tapes_Market
- Splicing_Tapes_market_forecast
- Sales_of_Splicing_Tapes
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