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Specialty Tapes Market: Covid-19 Analysis, Industry Size, Share, Demand, Development Opportunity, Regional Trend and Business Growth by Forecast to 2025

iCrowdNewswire   Jan 7, 2021  12:00 AM ET

The Global Specialty Tapes Market is expected to register a CAGR of 6% and cross USD 62 Billion by 2025. The demand for specialty tapes is primarily driven by the widespread use in electronic appliances owing to the superior benefits offered which include improved electrical insulation and resistance to heat & chemicals. Growing automotive industry in the developing markets with increased spending on automobiles coupled with rising per capita disposable income is expected to propel the market growth.

Regulatory Analysis

The increasing regulations by the regulatory authorities particularly in the developed markets to reduce VOC (volatile organic compounds) emissions are affecting the market growth.

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By Resin Type: By resin type, specialty tapes can primarily be categorized into acrylic, rubber, and silicone.

By Backing material: Backing material adds many qualities to the specialty tapes and is responsible for the increased specialization within the specialty tapes market. Based on backing material, the specialty tapes market has been segmented into polyvinyl chloride (PVC), woven/non-woven, paper, polyester (PET), foam, polypropylene, metal, glass cloth, polyethylene, and others.

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By Application: Based on application, the global specialty tapes market can be segmented into electrical & electronics, healthcare, automotive, consumer goods, paper & printing, building & construction, retail & graphics, aerospace & defense, marine, and others.

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