Global Splicing Tapes Market Booming Market to hit $ 666.70 million by 2026

Global splicing tapes market is expected to rise to an estimated value of USD 666.70 million by 2026, registering a steady CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the rising demand from end user industries such as paper & printing, packaging, electronics & labelling and the growing use of paper and packaging in several industries including F&B, healthcare, personal care.

Splicing tapes are used to join two substrates in order to ensure the continuous flow of working or to increase its size. These splicing tapes are generally ‘repulpable’ which can be recycled and reused. They are generally double sided tapes that join the substrates, ensuring continuity. In order to ensure optimum strength and durability for splicing they are coated with acrylic, rubber, or silicone adhesives.

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Competitive Analysis: Global Splicing Tapes Market

Global splicing tapes market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of splicing tapes market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors: Global Splicing Tapes Market

Few of the major competitors currently working in the global splicing tapes market are 3M, tesa SE - A Beiersdorf Company, NITTO DENKO CORPORATION, Industrias TUK, S.A. de C.V., AVERY DENNISON CORPORATION, Intertape Polymer Group, Scapa, Shurtape Technologies, LLC, ECHOtape., ORAFOL Europe GmbH., Adhesives Research, Inc., PPI Adhesive Products (C.E.) s.r.o., Boston Tapes Spa, FUJI CHEMICAL INDUSTRIAL CO., LTD., American Biltrite Inc., Teraoka Seisakusho co.,Ltd., Saint-Gobain, Adirondack Specialty Adhesives, Rolltape and Ajit Industries Pvt. Ltd. amongst others.

Segmentation: Global Splicing Tapes Market

• By Resin (Acrylic, Rubber, Silicone, Others)
• By Type (Repulpable, Non-Repulpable)
• By Backing Material (Paper/Tissue, PET/Polyester, Non-Woven, Others)
• By Application (Flying Splices, Manual Splices, Core Starting, Roll Finishing, Others)
• By End-Users (Paper & Printing, Packaging, Electronics, Labelling, Automotive, Healthcare, Others)
• By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Market Drivers:

• Rise in the production of paper and pulp, and increase in the number of virgin-fibre pulp mills
• Rise in web paged and online shopping due to digitization also contributes to the growth of this market
• Growth in the usage of repulpable paper/tissue from the developed regions of the world is expected to foster positive growth in the market

Market Restraints:

• Unhygienic process involved in the manufacture of recycled paper
• Environmental regulations relating to paper and pulp industry would restrain the growth of this market

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved

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