Summary
Splicing Tape Market Research Report By Adhesive Type (Acrylic, Rubber, Silicone, and Others), By Application (Printing Industry, Paper & Pulp Industry, Film & Foil Processing, Packaging Industry, Textile Industry, and Others), By Material (Paper-Based Splicing Tapes, Plastic-Based Splicing Tapes Polyethylene (PE), Foam-Based Splicing Tapes, and Others) and By Type (Single-Sided Splicing Tapes and Double-Sided Splicing Tapes) Forecast to 2032
Overview of the Market
The CAGR (growth rate) for the splicing tape market is anticipated to be approximately 2.6% from 2024 to 2032.
The increasing use of splicing films for high-performance applications in sectors like electronics, automotive, and aerospace is one of the emerging trends in the splicing tape market. These films are appropriate for demanding applications because to their exceptional electrical insulating qualities, resilience to temperature changes, and great durability. The growing need for UV-resistant splicing tapes is another noteworthy trend. These tapes are made with unique pigments and resins that shield the joint from UV rays, guaranteeing a strong connection over time in challenging or outdoor conditions. Furthermore, automated splicing systems are becoming more and more popular, particularly in high-volume manufacturing operations. By increasing efficiency, precision, and consistency, these technologies lower labor costs and boost total production. Lastly, both manufacturers and end users are increasingly taking sustainability into account. Demand for splicing tapes made of eco-friendly materials is rising as businesses work to lessen their carbon impact and encourage sustainability.
Perspectives on Market Segments
The printing industry, paper and pulp industry, film and foil processing, packaging industry, textile industry, and others are the application-based segments of the splicing tape market.
The market is divided into Rubber, Silicone, Acrylic, and Others based on the type of adhesive.Paper-Based Splicing Tapes, Plastic-Based Splicing Tapes Polyethylene (PE), Foam-Based Splicing Tapes, and Others are the different material-based segments of the global splicing tapes market.The polyethylene (PE) segment of plastic-based splicing tapes is further divided into polypropylene (PP), polyvinyl chloride (PVC), and others.
The market is divided into two segments based on type: single-sided and double-sided splicing tapes.
Regional Perspectives
North America, Europe, APAC, South America, and MEA make up the segments of the splicing tape market. Due to the huge number of data centers and telecom providers in the region, North America had the most market share among these regions in 2023. APAC is anticipated to overtake Europe as the second-largest market. Due to the growing need for splicing tapes in the quickly expanding data center and telecommunications sectors, the APAC region is anticipated to grow at the fastest rate during the projected period.
The market for splicing tape in Europe is anticipated to rise steadily due to the development of industrial manufacturing technologies and the increasing significance of effective production methods. Splicing tapes are recognized to facilitate efficient operations, particularly in the region's well-established sectors, such as those involved in the production of paper, packaging, electronics, and printing.
Key Players
Shurtape Technologies, Lintec Corporation, Henkel AG KGaA, Rogers Corporation, Blue Dolphin Marine, SaintGobain Abrasives, Lohmann Tapes, Tesa SE, 3M, Nitto Denko, Adhesives Research, Scapa, Intertape Polymer Group, Avery Dennison, and AgfaGevaert Group are some of the most important companies in the splicing tape market.
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Table of Contents
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY ............................................................................................................... 18
2 MARKET INTRODUCTION ............................................................................................................ 20
2.1 DEFINITION .................................................................................................................................................................. 20
2.2 SCOPE OF THE STUDY .............................................................................................................................................. 20
2.3 RESEARCH OBJECTIVE ............................................................................................................................................ 20
2.4 MARKET STRUCTURE .............................................................................................................................................. 21
3 RESEARCH METHODOLOGY ...................................................................................................... 22
3.1 OVERVIEW .................................................................................................................................................................... 22
3.2 DATA FLOW .................................................................................................................................................................. 24
3.2.1 Data Mining Process ....................................................................................................................................... 25
3.3 PURCHASED DATABASE: ......................................................................................................................................... 26
3.4 SECONDARY SOURCES: ............................................................................................................................................ 27
3.4.1 Secondary Research data flow: ........................................................................................................................ 28
3.5 PRIMARY RESEARCH: ............................................................................................................................................... 29
3.5.1 Primary Research DATA FLOW: ....................................................................................................................... 30
3.5.2 Primary Research: Number of Interviews conducted ........................................................................................ 31
3.5.3 Primary Research: Regional Coverage ............................................................................................................. 31
3.6 APPROACHES FOR MARKET SIZE ESTIMATION: ........................................................................................... 32
3.6.1 Consumption & Net Trade Approach ................................................................................................................ 32
3.6.2 Revenue Analysis Approach ............................................................................................................................ 33
3.7 DATA FORECASTING................................................................................................................................................. 33
3.7.1 Data forecasting Technique ............................................................................................................................ 34
3.8 DATA MODELING ........................................................................................................................................................ 35
3.8.1 microeconomic factor analysis: ....................................................................................................................... 35
3.8.2 Data modeling: ............................................................................................................................................... 36
3.9 TEAMS AND ANALYST CONTRIBUTION ........................................................................................................... 37
4 MARKET DYNAMICS .................................................................................................................... 38
4.1 INTRODUCTION ........................................................................................................................................................... 38
4.2 Drivers ........................................................................................................................................................... 38
4.2.1 Growing Demand in Electronics Packaging....................................................................................................... 38
4.2.2 Expansion of E-commerce Business ................................................................................................................ 39
4.2.3 Driver impact Analysis .................................................................................................................................... 39
4.3 Restraints ...................................................................................................................................................... 39
4.3.1 Fluctuations in Demand from End -User Industries ............................................................................................ 39
4.3.2 Restraint Impact Analysis ............................................................................................................................... 40
4.4 Opportunity .................................................................................................................................................... 40
4.4.1 Emergence of Smart Packaging Solutions ........................................................................................................ 40
4.5 Impact Analysis of COVID-19 ........................................................................................................................... 41
4.5.1 Impact on Overall Packaging Industry .............................................................................................................. 41
4.5.1.1 Economic Impact ................................................................................................................................... 41
4.5.2 Impact on Splicing Tapes Market ..................................................................................................................... 41
4.5.3 Impact on Supply Chain OF SPLICING TAPES ................................................................................................... 41
4.5.3.1 Price Variation of Key Raw Materials ....................................................................................................... 42
4.5.3.2 Production Shutdown ............................................................................................................................. 42
4.5.3.3 Cash Flow Constraints ............................................................................................................................ 42
4.5.3.4 Impact on Import/Export ......................................................................................................................... 42
4.5.4 Impact on Market Demand of Splicing Tapes ................................................................................................... 42
4.5.4.1 Impact Due to Restriction/Lockdowns ..................................................................................................... 42
4.5.4.2 Consumer Sentiments ............................................................................................................................ 43
4.5.5 Impact on pricing of Splicing Tapes ................................................................................................................. 43
5 MARKET FACTOR ANALYSIS ...................................................................................................... 44
5.1 SUPPLY CHAIN ANALYSIS ..................................................................................................................................... 44
5.1.1 raw material/Components providers ................................................................................................................ 44
5.1.2 MANUFACTURING .......................................................................................................................................... 45
5.1.3 distributors & retailers .................................................................................................................................... 45
5.1.4 application ..................................................................................................................................................... 45
5.2 Porter’s Five Forces Model .............................................................................................................................. 45
5.2.1 THREAT OF NEW ENTRANTS (moderate) ......................................................................................................... 46
5.2.2 BARGAINING POWER OF SUPPLIERS (moderate) .............................................................................................. 46
5.2.3 BARGAINING POWER OF BUYERS (high)........................................................................................................... 47
5.2.4 THREAT OF SUBSTITUTES (LOW) .................................................................................................................... 47
5.2.5 Intensity of RIVALRY (High) ............................................................................................................................. 47
6 GLOBAL SPLICING TAPES MARKET, BY TYPE .......................................................................... 48
6.1 OVERVIEW .................................................................................................................................................................... 48
6.2 SINGLE-SIDED SPLICING TAPES ........................................................................................................................... 48
6.3 DOUBLE-SIDED SPLICING TAPES .......................................................................................................................... 49
7 GLOBAL SPLICING TAPES MARKET, BY MATERIAL ................................................................. 51
7.1 OVERVIEW .................................................................................................................................................................... 51
7.2 PAPER-BASED SPLICING TAPES ........................................................................................................................... 51
7.3 PLASTIC-BASED SPLICING TAPES ....................................................................................................................... 52
7.3.1 Polyethylene (PE) ........................................................................................................................................... 52
7.3.2 Polypropylene (PP) ......................................................................................................................................... 52
7.3.3 Polyvinyl Chloride (PVC) ................................................................................................................................. 52
7.3.4 Others ............................................................................................................................................................ 52
7.4 FOAM-BASED SPLICING TAPES ............................................................................................................................ 53
7.5 OTHERS .......................................................................................................................................................................... 53
8 GLOBAL SPLICING TAPES MARKET, BY ADHESIVE TYPE ....................................................... 55
8.1 OVERVIEW .................................................................................................................................................................... 55
8.2 ACRYLIC ......................................................................................................................................................................... 56
8.3 RUBBER .......................................................................................................................................................................... 57
8.4 SILICON .......................................................................................................................................................................... 57
8.5 OTHERS .......................................................................................................................................................................... 58
9 GLOBAL SPLICING TAPES MARKET, BY APPLICATION ............................................................ 59
9.1 OVERVIEW .................................................................................................................................................................... 59
9.2 PRINTING INDUSTRY ................................................................................................................................................ 60
9.3 PAPER PULP INDUSTRY .......................................................................................................................................... 61
9.4 FILM FOIL PROCESSING ........................................................................................................................................... 61
9.5 PACKAGING INDUSTRY ........................................................................................................................................... 62
9.6 TEXTILE INDUSTRY .................................................................................................................................................. 62
9.7 OTHERS .......................................................................................................................................................................... 63
10 GLOBAL SPLICING TAPES MARKET, BY REGION ..................................................................... 64
10.1 OVERVIEW .................................................................................................................................................................... 64
10.1.1 GLOBAL SPLICING TAPES MARKET, by region, 2019–2032 ............................................................................... 66
10.2 NORTH AMERICA ....................................................................................................................................................... 67
10.3 SOUTH AMERICA ....................................................................................................................................................... 72
10.4 EUROPE .......................................................................................................................................................................... 79
10.5 ASIA PACIFIC ............................................................................................................................................................... 91
10.6 MIDDLE EAST & AFRICA .......................................................................................................................................... 104
11 COMPETITIVE LANDSCAPE ........................................................................................................ 111
11.1 INTRODUCTION ........................................................................................................................................................... 111
11.2 MARKET SHARE ANALYSIS, 2023 ....................................................................................................................... 111
11.3 COMPETITOR DASHBOARD..................................................................................................................................... 112
11.4 COMPARATIVE ANALYSIS: KEY PLAYERS FINANICAL .............................................................................. 112
11.5 THE LEADING PLAYER IN TERMS OF THE NUMBER OF RECENT DEVELOPMENTS IN THE MARKET 113
11.6 KEY DEVELOPMENTS & GROWTH STRATEGIES ............................................................................................ 113
11.6.1 product launch ............................................................................................................................................... 113
11.6.2 Contracts, agreement, collaboration & parnership ............................................................................................ 113
11.6.3 expansion ...................................................................................................................................................... 114
11.6.4 Acquisition ..................................................................................................................................................... 114
12 COMPANY PROFILES .................................................................................................................. 115
12.1 3M .................................................................................................................................................................................... 115
12.1.1 COMPANY OVERVIEW ..................................................................................................................................... 115
12.1.2 FINANCIAL OVERVIEW .................................................................................................................................... 115
12.1.3 PRODUCTS OFFERED ...................................................................................................................................... 115
12.1.4 KEY DEVELOPMENTS ...................................................................................................................................... 116
12.1.5 SWOT ANALYSIS ............................................................................................................................................ 116
12.1.6 KEY STRATEGIES ............................................................................................................................................ 116
12.2 AVERY DENNISON CORPORATION ...................................................................................................................... 117
12.2.1 COMPANY OVERVIEW ..................................................................................................................................... 117
12.2.2 FINANCIAL OVERVIEW .................................................................................................................................... 117
12.2.3 PRODUCTS OFFERED ...................................................................................................................................... 117
12.2.4 KEY DEVELOPMENTS ...................................................................................................................................... 118
12.2.5 SWOT ANALYSIS ............................................................................................................................................ 118
12.2.6 KEY STRATEGIES ............................................................................................................................................ 119
12.3 NITTO DENKO CORPORATION ............................................................................................................................... 119
12.3.1 COMPANY OVERVIEW ..................................................................................................................................... 119
12.3.2 FINANCIAL OVERVIEW .................................................................................................................................... 119
12.3.3 PRODUCTS OFFERED ...................................................................................................................................... 120
12.3.4 KEY DEVELOPMENTS ...................................................................................................................................... 120
12.3.5 SWOT ANALYSIS ............................................................................................................................................ 120
12.3.6 KEY STRATEGIES ............................................................................................................................................ 121
12.4 TESA SE ......................................................................................................................................................................... 122
12.4.1 COMPANY OVERVIEW ..................................................................................................................................... 122
12.4.2 FINANCIAL OVERVIEW .................................................................................................................................... 122
12.4.3 PRODUCTS OFFERED ...................................................................................................................................... 122
12.4.4 KEY DEVELOPMENTS ...................................................................................................................................... 123
12.4.5 SWOT ANALYSIS ............................................................................................................................................ 123
12.4.6 KEY STRATEGIES ............................................................................................................................................ 124
12.5 SCAPA GROUP PLC ..................................................................................................................................................... 125
12.5.1 COMPANY OVERVIEW ..................................................................................................................................... 125
12.5.2 FINANCIAL OVERVIEW .................................................................................................................................... 125
12.5.3 PRODUCTS OFFERED ...................................................................................................................................... 125
12.5.4 KEY DEVELOPMENTS ...................................................................................................................................... 125
12.5.5 SWOT ANALYSIS ............................................................................................................................................ 126
12.5.6 KEY STRATEGIES ............................................................................................................................................ 126
12.6 IPG (INTERTAPE POLYMER GROUP) ................................................................................................................... 127
12.6.1 COMPANY OVERVIEW ..................................................................................................................................... 127
12.6.2 FINANCIAL OVERVIEW .................................................................................................................................... 127
12.6.3 PRODUCTS OFFERED ...................................................................................................................................... 127
12.6.4 KEY DEVELOPMENTS ...................................................................................................................................... 128
12.6.5 SWOT ANALYSIS ............................................................................................................................................ 128
12.6.6 KEY STRATEGIES ............................................................................................................................................ 128
12.7 SHURTAPE TECHNOLOGIES, LLC.......................................................................................................................... 128
12.7.1 COMPANY OVERVIEW ..................................................................................................................................... 128
12.7.2 FINANCIAL OVERVIEW .................................................................................................................................... 129
12.7.3 PRODUCTS OFFERED ...................................................................................................................................... 129
12.7.4 KEY DEVELOPMENTS ...................................................................................................................................... 129
12.7.5 SWOT ANALYSIS ............................................................................................................................................ 129
12.7.6 KEY STRATEGIES ............................................................................................................................................ 130
12.8 ORAFOL .......................................................................................................................................................................... 131
12.8.1 COMPANY OVERVIEW ..................................................................................................................................... 131
12.8.2 FINANCIAL OVERVIEW .................................................................................................................................... 131
12.8.3 PRODUCTS OFFERED ...................................................................................................................................... 131
12.8.4 KEY DEVELOPMENTS ...................................................................................................................................... 132
12.8.5 SWOT ANALYSIS ............................................................................................................................................ 132
12.8.6 KEY STRATEGIES ............................................................................................................................................ 133
12.9 ADHESIVES RESEARCH, INC. ................................................................................................................................. 134
12.9.1 COMPANY OVERVIEW ..................................................................................................................................... 134
12.9.2 FINANCIAL OVERVIEW .................................................................................................................................... 134
12.9.3 PRODUCTS OFFERED ...................................................................................................................................... 134
12.9.4 KEY DEVELOPMENTS ...................................................................................................................................... 135
12.9.5 SWOT ANALYSIS ............................................................................................................................................ 135
12.9.6 KEY STRATEGIES ............................................................................................................................................ 135
12.10 ECHOTAPE .................................................................................................................................................................... 136
12.10.1 COMPANY OVERVIEW ..................................................................................................................................... 136
12.10.2 FINANCIAL OVERVIEW .................................................................................................................................... 136
12.10.3 PRODUCTS OFFERED ...................................................................................................................................... 136
12.10.4 KEY DEVELOPMENTS ...................................................................................................................................... 137
12.10.5 SWOT ANALYSIS ............................................................................................................................................ 137
12.10.6 KEY STRATEGIES ............................................................................................................................................ 137