Outlook on the Specialty Tapes Global Market to 2025 - Increasing Demand from the Medical Sector - ResearchAndMarkets.com

The "Specialty Tapes Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The market for specialty tapes is expected to register a CAGR of over 4% during the forecast period.

The major factors driving the market studied are increasing demand from the medical sector and increasing residential and commercial construction activities in the Asia-Pacific region. On the flip side, the slowdown in global automotive production and unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.

Companies Mentioned

• 3M
• AVERY DENNISON CORPORATION
• DuPont
• Henkel AG & Co. KGaA
• Intertape Polymer Group
• Lintec Corporation
• NITTO DENKO CORPORATION
• SCAPA GROUP PLC
• SEKISUI CHEMICAL CO. LTD
• Shurtape Technologies LLC
• tesa SE - A Beiersdorf Company

Key Market Trends

Increasing Demand from Healthcare Segment

The healthcare segment accounted for the largest share in the specialty tapes market, owing to increasing applications, such as tapes on surgical instruments, wound care.

• The United States healthcare sector is, by far, one of the most advanced sectors in the country. The increasing geriatric population and growing requirement for medical facilities for the treatment of chronic diseases have been supporting the growth of the healthcare sector. ?
• According to a recent analysis from the United States Federal Government Actuaries, expenditure on health care reached more than USD 4 trillion in the year 2019. This is considered as by far the highest spending in the world, according to the Organization for Economic Co-operation and Development. ?
• Medical tape is one of the major applications in the healthcare segment. The increasing out of pocket healthcare expenditure in developing countries is expected to drive the market for this segment during the forecast period.

Asia-Pacific Region to Dominate the Market

Currently, the Asia-Pacific region dominates the global market in specialty tapes. China and Japan are the leading consumers of specialty tapes in the region.

• The increasing healthcare expenditure and the increasing penetration of modern healthcare facilities in India and ASEAN countries are driving the market for medical tapes in the region.
• Furthermore, increasing construction activities and electronics production in the region has been on the rise. For example, the electronics assembly market in countries, such as India and Vietnam, witnessed double-digit growth over the past 3 years.
• The automotive production in major manufacturing countries, such as China, India, and Japan, have been on the decline in 2019 due to the weak demand. This has slightly hampered the growth of the market.
• All these factors are expected to increase the demand for specialty tapes in the region during the forecast period.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Increasing Demand from Medical Sector

4.1.2 Increasing Commercial and Residential Construction Activities in Asia-Pacific Region

4.2 Restraints

4.2.1 Slowdown in the Global Automotive Production

4.2.2 Unfavorable Conditions Arising Due to the COVID-19 Outbreak

4.3 Industry Value Chain Analysis

4.4 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 End-user Industry

5.1.1 Healthcare

5.1.2 Electrical and Electronics

5.1.3 Automotive

5.1.4 Paper and Printing

5.1.5 Building and Construction

5.1.6 Others

5.2 Type

5.2.1 Woven/Non-woven

5.2.2 Polyvinyl Chloride

5.2.3 Polyethylene Terephthalate

5.2.4 Paper

5.2.5 Polypropylene

5.2.6 Others

5.3 Technology

5.3.1 Solvent-borne

5.3.2 Water-borne

5.3.3 Hot-melt

5.3.4 Others

5.4 Geography

5.4.1 Asia-Pacific

5.4.1.1 China

5.4.1.2 India

5.4.1.3 Japan

5.4.1.4 South Korea

5.4.1.5 Rest of Asia-Pacific

5.4.2 North America

5.4.2.1 United States

5.4.2.2 Canada

5.4.2.3 Mexico

5.4.3 Europe

5.4.3.1 Germany

5.4.3.2 United Kingdom

5.4.3.3 Italy

5.4.3.4 France

5.4.3.5 Rest of Europe

5.4.4 South America

5.4.4.1 Brazil

5.4.4.2 Argentina

5.4.4.3 Rest of South America

5.4.5 Middle-East and Africa

5.4.5.1 Saudi Arabia

5.4.5.2 South Africa

5.4.5.3 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Market Share (%)/Ranking Analysis**

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles*

6.4.1 3M

6.4.2 AVERY DENNISON CORPORATION

6.4.3 DuPont

6.4.4 Henkel AG & Co. KGaA

6.4.5 Intertape Polymer Group

6.4.6 Lintec Corporation

6.4.7 NITTO DENKO CORPORATION

6.4.8 SCAPA GROUP PLC

6.4.9 SEKISUI CHEMICAL CO. LTD

6.4.10 Shurtape Technologies LLC

6.4.11 tesa SE - A Beiersdorf Company

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

7.1 Development of New Products in Acrylic Foam Based Specialty Tapes

7.2 Other Opportunities

For more information about this report visit https://www.researchandmarkets.com/r/9elabu