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Press release content from Business Wire. The AP news staff was not involved in its creation.

Global Specialty Tapes Market 2019-2023 | Increased Use of Silicon Adhesives in Specialty Tapes to Boost the Market | Technavio

May 15, 2019 GMT

LONDON--(BUSINESS WIRE)--May 15, 2019--

A new market research study by Technavio on the global specialty tapes market projects the market to grow at a CAGR of over 5% during the period 2019-2023. This research report provides an in-depth analysis of the market in terms of revenue, top drivers and emerging market trends. It also includes detailed insights and forecasts for all the market segments across different geographies.


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Technavio has published a new market research report on the global specialty tapes market from 2019-2023. (Graphic: Business Wire)

Growing end-user industries

The major end-users of specialty tapes are the chemical industry, health and personal care industry, and the food and beverage industry. The chemical industry is investing in specialty tapes for chemical packaging and other applications. The health and personal care industry need specialty tapes as they offer high durability, resistance against contamination, hygiene, and protection against weather conditions. The food and beverages industry is also a significant sector projecting a steady demand for specialty tapes for packaging and sealing food containers. Thus, the growth of end-user industries is expected to drive the demand for specialty tapes during the forecast period.

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Increased use of silicon adhesives in specialty tapes

The adoption of polydimethylsiloxane (PDMS), commonly referred to as silicon is rising due to its widespread applications and auxiliary properties. It is chemically passive, nonsticky, non-flammable, non-toxic, and optically clear, making it widen its use in industrial, graphic arts, medical, electronics, and automotive sectors. Furthermore, silicon-based adhesives are two-sided and are widely preferred in tape manufacturing as it protects the adhesive and restricts the interaction between the paper or film and the adhesive. Therefore, the increasing adoption of silicon-based adhesive is expected to support market growth during the forecast period.

According to a senior analyst at Technavio for commercial services and supplies, “The preference for environment-friendly specialty tapes is growing rapidly, as several manufacturers and end-user industries are trying to reduce their carbon footprint.Therefore, several manufacturers are launching eco-friendly specialty tapes, that is recyclable, biodegradable, or made from recycled materials. Therefore, such initiatives from manufacturers are expected to protect the environment as well as contribute largely to the growth of the market.”

Fluctuating raw material prices

The prices of raw materials used in the manufacturing of specialty tapes are highly volatile due to the high dependence on crude oil prices and natural forest products. These fluctuations bring uncertainty to the market, adversely affect the production costs, hamper the profit margins of vendors negatively, and impact the growth of the global specialty tapes market during the forecast period.

Top players in the global specialty tapes market:

  • 3M
  • Beiersdorf AG
  • Henkel AG & Co. KGaA
  • The Dow Chemical Co.

Some of the key topics covered in the global specialty tapes market include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. It provides detailed market research reports that provide clients with actionable insights to help them identify market opportunities and design effective strategies to optimize their market position.

With over 500 specialized analysts, Technavio boasts of an extensive report library comprising of over 10,000 reports, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than a hundred Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets. Technavio helps companies to assess their competitive position within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190515005361/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200




SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 05/15/2019 09:30 AM/DISC: 05/15/2019 09:31 AM