Splicing Tapes Market Overview:
The Splicing Tapes Market analysis provides a full insight into the competition, including the market share and company profiles of the key worldwide rivals. The scope of the research covers a thorough investigation of the Splicing Tapes Market, as well as the causes for variances in the industry’s growth in different regions.
The Splicing Tapes Market is expected to grow at a CAGR of 2.35% during the forecast period and market is projected to reach US$ 682.2 Mn. by 2029.
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Market Scope:
Following the completion of market engineering, which comprised market statistics calculations, estimations of market size, market projections, market breakdown, and data triangulation, major primary research was conducted to obtain information and verify and validate critical numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.
Segmentation:
Acrylic resin segment is dominating the market for splicing tapes during the forecast period owing to its better adhesion to a variety of substrates. Acrylic adhesives can either be water-based or solvent-based. Water-based are slower drying compared to solvent-based systems but mostly solvent-based acrylic systems have better resistance to other solvents, chemicals & water.
Paper & printing is estimated to be the largest application segment in the splicing tapes market during the forecast period. In the printing industry, this technique allows joining the leading edge of a new roll of paper sheet material to the trailing edge of a reducing roll of paper sheet material without needing interruption of the continuous production process. Splices which are obtained in a dynamic mode of operation are typically referred to as flying splices. Splicing tape is mainly characterized by high tensile strength, high shear strength, and good ageing resistance.
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Key Players:
Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
• Splicing Tapes Market Key Players
• tesa SE
• 3M Company
• Nitto Denko Corporation
• Avery Dennison Corporation
• Intertape Polymer Group, Inc.
• Scapa Group PLC
• Shurtape Technologies, Llc
• ECHOtape
• Orafol Europe GmbH
• Adhesive Research, Inc.
• Saint-Gobain Performance Plastics
• American Biltrite Inc.
• Industrias Tuk, S.A. De C.V.
• AJIT Industries
• PPI Adhesive Products (C.E) S.R.O
• ACE Tech Korea Co.,Ltd
• Roll Tape S.R.L
• Adirondack Specialty Adhesives
• Specialty Tapes
• Boston Tapes S.P.A
• Teraoka Seisakusho Co., Ltd.
• Fuji Chemical Industrial Co., Ltd.
Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Splicing Tapes Market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Splicing Tapes Market:
End-user industries where Splicing Tapes Market is utilized saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for Splicing Tapes Market manufacturers, influencing the development of the Splicing Tapes Market in 2020. End-user business demand for Splicing Tapes Market has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.
Key Questions Answered in the Splicing Tapes Market Report are:
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In 2021, which segment held the highest proportion of the Splicing Tapes Market?
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What is the Splicing Tapes Market’s competitive landscape?
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What are the primary drivers assisting the Splicing Tapes Market growth?
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Which region has the most market share in the Splicing Tapes Market?
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What will be the Splicing Tapes Market’s CAGR throughout the projected period?
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