Reports and Data estimates the global Splice Tape Market competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Splice Tape Market during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include: Tesa SE (Germany), Avery Dennison Corporation (US), Intertape Polymer Group, Inc. (Canada), Scapa Group PLC (UK), 3M Company (US), Shurtape Technologies, PLC (US), ECHO tape (US), Nitto Denko Corporation (Japan), and Adhesive Research, Inc. (US)
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Splice Tape Market Overview :-
The global splice tape market size was USD 564.5 Million in 2020 and is expected to reach a value of USD 667.2 Million by 2028, and register a CAGR of 2.10% during the forecast period. Splicing tapes are used to combine two materials to increase their strength or provide continuity of a substrate. These tapes help prevent valuable downtime reprocessing or rethreading the new roll through the machine or press. Splicing tapes are developed in many configurations with varied types of adhesives depending on its use. The adhesives may be acrylic or rubber on splicing tapes. The different substrates include different papers, films, and rolls, while the adhesion be consistent with the spliced material and the machines or presses used in the manufacturing processes. These tapes are used in various industries and manufacturing processes, and are used in joining two PVC pipes and joining film stock, electrical wires and are mostly used in printing industry for joining two paper rolls for continuous web printing. These offer high-performance splicing of silicone-coated films, papers, and coated surfaces that are released.
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By Product Type Outlook
- Paper Printing
- Electronics
- Packaging
- Labeling
- Others
By Application Outlook
- Paper Printing
- Electronics
- Packaging
- Labeling
- Others
Key Questions answered by the Report:
- What is the expected year-on-year growth of the Splice Tape Market during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
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