DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.
The global splicing tapes market size was USD 513.57 million in 2017 and is projected to reach USD 593.03 billion by 2023, at a CAGR of 2.37% between 2018 and 2023.
The growth of the market is primarily due to the increasing use of splicing tapes in paper & printing production. APAC accounts for the major share of the overall splicing tapes market due to the increase in demand for printing and writing papers and packaging applications.
However, the environmental regulations related to the production of repulpable paper could act as a major restraint to the market. The market in the developed countries, in regions such as Europe and North America, is expected to decline in the near future, owing to the stagnant nature of their markets.
Growth in the demand for paper/tissue backing material from paper & printing applications is expected to fuel the demand for splicing tapes. Paper/tissue is the most popular backing material used in the manufacturing of splicing tapes because they are easily available, flexible, and offer a high degree of printability. Also, paper/ tissue backing type comes with many attractive features such as UV resistance, repulpability, liner less, and others. Also, paper/tissue can be recycled easily as compared to other backing materials used in splicing tapes.
Electronics is expected to be the fastest-growing application during the forecast period
The splicing tapes are used in tabbing and holding lithium-ion battery and also used in different electronics items for color coding in the electronics industry. The increasing demand for lithium-ion batteries will trigger the splicing tapes market growth during the forecast period. Lithium-ion batteries are gaining prominence as one of the fastest-growing batteries in the global electronic vehicle market.
The splicing tapes market comprises major solution providers, such as 3M Company (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).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Splicing Tapes Market
4.2 Splicing Tapes Market, By Resin Type
4.3 Splicing Tapes Market, By Backing Material
4.4 APAC Splicing Tapes Market, By Application and Country
4.5 Splicing Tapes Market, Developed vs. Developing Countries
4.6 Splicing Tapes Market, By Country
5 Market Overview
5.2 Market Dynamics
188.8.131.52 Growth of Paper Production and Virgin-Fiber Pulp Mills in APAC, Africa, and South America
184.108.40.206 Increasing Demand for Repulpable Paper/Tissue in North America, APAC, and Europe
220.127.116.11 The Process of Making Recycled Paper is Not Hygienic
18.104.22.168 Decreasing Paper Consumption in Europe and North America
22.214.171.124 Rapid Expansion of the Internet and E-Commerce Business Model
126.96.36.199 Expansion of the Pulp & Paper Industry in APAC
188.8.131.52 Use of Non-Wood Fiber in Paper Production
184.108.40.206 Increasing Digitalization and Paperless Reading
5.3 Porter's Five Forces Analysis
5.3.1 Intensity of Competitive Rivalry
5.3.2 Bargaining Power of Buyers
5.3.3 Bargaining Power of Suppliers
5.3.4 Threat of Substitutes
5.3.5 Threat of New Entrants
5.4 Macroeconomic Overview and Key Trends
5.4.2 Trends and Forecast of GDP
6 Splicing Tapes Market, By Resin Type
6.2.1 Low Tack and Low Peel Strength are Driving the Demand for Acrylic Splicing Tapes Globally
6.3.1 Good Adhesion to A Variety of Substrates Such as Plastics and Non-Polar is Boosting the Demand for Rubber Splicing Tapes in APAC
6.4.1 Wide Usage in Electronics, Floor Covering, Packaging, and Textile Applications is Driving the Silicone Splicing Tapes Market
7 Splicing Tapes Market, By Backing Material
7.2.1 Repulpable Nature of Paper Will Drive the Use of Paper/Tissue as A Backing Material in Splicing Tapes
7.3.1 The Growing Paper & Printing Industry is Expected to Spur the Demand for Pet/Polyester Backing Material in Splicing Tapes
7.4.1 The Low Thickness and Good Adhesion to A Variety of Substrates Will Drive the Demand for Non-Woven Splicing Tapes
8 Splicing Tapes Market, By Application
8.2 Paper & Printing
8.2.1 Growing E-Commerce Business has Increased the Demand for Papers and Packaging Materials
8.3.1 Presence of Oem of Electronics Components in APAC is Expected to Drive the Splicing Tape Market
8.4.1 The Use of Recycled Paper/Tissue Backing Material in Splicing Tapes is Expected to Drive the Market in the Application
8.5.1 The Growing Food & Beverages Industry is Expected to Drive the Demand for Labels
9 Splicing Tapes Market, By Region
10 Competitive Landscape
10.2 Competitive Leadership Mapping
10.3 Market Ranking Analysis
10.4 Competitive Scenario
11 Company Profiles
11.1 tesa SE
11.2 3M Company
11.3 Nitto Denko Corporation
11.4 Avery Dennison Corporation
11.5 Intertape Polymer Group, Inc.
11.6 Scapa Group PLC
11.7 Shurtape Technologies, Llc
11.9 Orafol Europe GmbH
11.1 Adhesive Research, Inc.
11.11 Other Companies
11.11.1 Saint-Gobain Performance Plastics
11.11.2 American Biltrite Inc.
11.11.3 Industrias Tuk, S.A. De C.V.
11.11.4 AJIT Industries
11.11.5 PPI Adhesive Products (C.E) S.R.O
11.11.6 ACE Tech Korea Co.,Ltd
11.11.7 Roll Tape S.R.L
11.11.8 Adirondack Specialty Adhesives
11.11.9 Specialty Tapes
11.11.10 Boston Tapes S.P.A
11.11.11 Teraoka Seisakusho Co., Ltd.
11.11.12 Fuji Chemical Industrial Co., Ltd.
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