Global Splicing Tapes Market 2019-2023 | Increasing Use of Silicone Adhesives in Splicing Tapes to Boost Growth | Technavio
The global splicing tapes market is expected to post a CAGR over 3% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190822005464/en/
Technavio has announced its latest market research report titled global splicing tapes market 2019-2023. (Graphic: Business Wire)
The major application segments of splicing tapes are the paper and printing, packaging, electric and electronics, and labeling industries. Paper and paperboard packaging is popular in the food and beverage, personal care, and manufacturing industries. Also, the demand for splicing tapes is growing in electrical and electronic manufacturing as these tapes are highly resistant to saltwater, steam, oils, detergents, and chemicals. Moreover, they are also widely used in power cable repair, bolted connections, pipe repair, and cellular towers. Thus, growth of the end-user industries will drive the growth of the global splicing tapes market during the forecast period.
Looking for more information on this market? Request a free sample report.
As per Technavio, the increasing use of silicone adhesives in splicing tapes will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Splicing Tapes Market: Increasing Use of Silicone Adhesives in Splicing Tapes
The adoption of silicone-based splicing tapes is increasing because of the widespread adoption of these tapes in different segments. Silicone is mainly used to modify the rheological properties of splicing tapes as it protects the adhesive and restricts interaction between the paper or film and the adhesive. Moreover, it is chemically passive, non-sticky, non-flammable, non-toxic, and optically clear. These features widen its application as a substrate for different applications, such as electric and electronics, paper, and film. Therefore, due to such factors, the market for splicing tapes is expected to showcase a positive outlook during the forecast period.
“Apart from the increasing use of silicone adhesives in splicing tapes, the rising demand for eco-friendly products and the growing adoption of sustainable product manufacturing by vendors are some other major aspects that will boost market growth during the forecast period,” says a senior analyst at Technavio.
Global Splicing Tapes Market: Segmentation Analysis
This market research report segments the global splicing tapes market by material (acrylic, rubber, silicone, and others) and geographical regions (APAC, Europe, North America, South America, and MEA).
The APAC region led the market in 2018, followed by Europe, North America, South America and MEA respectively. During the forecast period, the APAC region is expected to maintain its dominance over the global market and register the highest incremental growth due to the rapid growth of end-user industries in the region.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report.
Some of the key topics covered in the report 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. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 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 and assess their competitive positions 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/20190822005464/en/
