Specialty Tapes Market Analysis 2020 : Report Presents an Overall Analysis, Development , Driving Forces, Opportunities & Future Potential 2027

Regulatory Analysis

The increasing regulations by the regulatory authorities such as the US Environmental Protection Agency, EPA (US), International Maritime Organization, IMO (UK), and European Commission (Europe) regarding emissions of volatile organic compounds is affecting the market growth. However, the players operating in the global Specialty Tapes Market are emphasizing on developing tapes that emit less VOCs.

Market Synopsis

The Global Specialty Tapes Market Analysis is expected to register a CAGR of 6% and cross USD 62 Billion by 2027. 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.

Segmentation

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

• Acrylic- It was the largest and fastest-growing segment in the global Specialty Tapes Market in 2020 due to its general applicability and strong bonding capability as well as its ability to withstand high temperatures. They do not lose their functionality even after prolonged exposure to UV lights as well as to chemical agents, further enhancing their usability. Acrylic foam tapes are being widely used in numerous applications including automobiles to mount automobile parts, logo, and accessories; white goods, and construction among others.
• Rubber – It offers excellent insulation and sealing with the ability to withstand high temperatures. It is relatively cheap and highly used in the electrical & electronics and automotive industries.
• Silicone- It is resistant to tearing and have controlled elongation making it ideal to seal hard to reach places. The quick sealing also makes it very useful for filed repairs.

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.

• Polyvinyl Chloride (PVC)- PVC backed tapes was the largest and fastest-growing segment in the specialty tapes market in 2018 and is expected to register a significant growth during the review period on account of widespread use in electrical & electronics, automotive, and aircraft industries. PVC possesses superior flame retardant, chemical resistance, and electrical insulation properties.
• Woven/Non-woven tapes- Woven/Non-woven was the fastest-growing segment in the global specialty tapes markets. Woven tapes are difficult to tear while non-woven tapes can be easily torn, even by hand. Non-woven backed tapes are used in the automotive industry. It also finds use in the healthcare industry due to their comfort and ease of tearing. Non-woven cloth tapes possess good noise and vibration absorption properties.
• Foam tapes- Foam tapes are excellent at dampening vibrations and noise with the added ability to adapt to rough substrates and compensate for the different expansion factors making them suitable for use in numerous applications particularly electrical & electronics and printing.
• Paper- Paper backed specialty tapes provide suppleness and can be easily stretched. Paper tapes can be made using material such as kraft, crape, and recyclable paper. Paperbacked tapes offer superior benefits which include eco-friendliness, wide color range, good holding power, and good heat insulation.
• Metal - Metal backed tapes offer unparalleled electric conductivity and the ability to withstand high temperatures. They are widely used in electronic appliances and electric equipment to act as heat barriers.
• Glass- Glass backed tapes are employed in high stress and temperature environments due to their abrasion resistance, high tensile strength, and high-temperature resistance properties.
• Polypropylene and Polyethylene- Polypropylene and Polyethylene backed specialty tapes offer excellent tear and abrasion resistance and provide bonding at low temperatures.
• Polyester- Polyester backed tapes are durable and have extreme chemical resistance while being flexible, which makes them suitable for use in numerous applications which includes electronic appliances and printing & laminating industries.
• Others- The segment includes proprietary film, ionomer, industrial protective film backed specialty tapes.

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.

• Electric and electronics- Electrical & electronics segment accounted for the largest share of the global specialty tapes market in 2018 and is expected to grow at a significant CAGR during the review period. The market growth can be attributed to the superior properties of the specialty tapes. Expanding electrical and electronics industry with increased spending on portable consumer electronics and white goods coupled with rising per capita disposable income and changing living standard.
• Healthcare- Healthcare was the fastest-growing segment in 2018 owing to rapid growth of the healthcare industry in the developing market coupled with growing aging population and rising hygiene awareness.
• Automotive- Automotive segment accounted for around 14% share of the specialty tapes market. Growing automotive production in the developing economies is expected to boost the market growth in the coming years.
• Consumer Good- Rapid growth of the fast-moving consumer goods industry as a result of easy access and changing lifestyle is likely to propel the market growth.
• Paper & Printing- Growth of the retail sector is driving the demand for packaging materials and thus, printed papers. Thus, expanding packaging industry is likely to support the market growth at a healthy rate.
• Building & Construction- Expanding building & construction industry with increased spending on residential construction activities across the globe is bolstering the market growth.
• Marine- Marine segment accounted for the least share of the global specialty tapes market owing to less concentration of tapes in boats.
• Aerospace & Defense- The demand for specialty coatings is likely to increase in the aerospace & defense industry with increased spending on defense equipment and aircraft.
• Retail & Graphics - Growing retail industry together with increased spending on innovative packaging by the product manufacturers in order to gain a competitive edge is likely to drive the growth of the specialty tapes market.

Anti-Microbial Coating Market Trend Emerging Trends, Top Key Players, Solutions, User Prospects And Forecasts To 2027

Antimicrobial Coatings Market – Market Overview

Increasing concerns for cleanliness in end use industries is estimated to propel market demadn for antimicrobial coatings market. Owing to rising concerns in human being for acquired infections from medical equiments in hospitals, the demadn for antimicrobial coatings is bolstering medical industry. Antimicrobial coatings are nowadays replacing powerful cleaning chemicals, and disinfectants used in medical industry. Surgical equipments in healthcare is prominently driving the demadnof antimicrobial coatigs in healthcare industry. Antimicrobial coatings are used to inhibit spread of germs and bacteria among medical professionals, and patients. Growing per capita spending on healthc are is estimated to fuel antimicrobial coatings demand in healthcare industry. Increasing stringent regulation for medical device coatings is antcipated t to propel market demand for antimicrobial coating s demand in healthcare industry.

Apart from healthcare industry, food processing industry is another major end-user of the Antimicrobial coatings market Trend. Increasing production is fueling the overall demadn for antimicrobial coatings across the globe. Growing disposable income and,, food demand are tehe major factors driving global antimicrobial coatings demadn in food processing industry.

Apart from healthcare & food processing indutries, construction, textile, and marine industry are estimated to be the end-use industry driving demand of antimicrobial coatings across the globe. Recently, there is upsurge in demand from residential and commercial buildings is observed. The antimicrobial coatins are used in residential and commercial buildings in order to minimize indoor air polution.  Growing concerns for maintaining indoor air quality is catalysing market demand mainly in developed markets in Europe & North America. Need to preserve materials for prolong period during transportation, and stringent regulations are estimated to be the major driving factors for global antimicrobial coatings market

Among different materials used in antimicrobial coatings namely, silver, copper, organic, and polymeric silver materials are widely used invarious industry. Moreover, in near future the materials are antcipated to witness increased growth.

Based on geography, global market is classified as North America, Europe, Latin America, Asia-Pacific, and Middle East & Africa. Among various regions North America and Europe are the leading regions in terms of market share  the high market share in the region is attributed to the high per capita spending in healthcare and food. Asia-Pacific is estimated to be th emerging market with highest growth rates.

Antimicrobial Coatings Market - Competitive Analysis

Major companies in the global Antimicrobial Coatings market are the leading paints & coating companies such as PPG, AkzoNoble ,and RPM international.  Companies are competiting and investing in R&D for developing better, efficient, and novel products.  This market has relatively low barrier for new entrants. Market entrants with a major focus on innovation been observed in recent years. For instance Kastus, a Turkish manufacturer which has focus on product innovation has recently entered into the market.

Regional analysis

The major regions in the Anti-Microbial coating market are North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. North America is expected to register the highest Anti-Microbial coating market share due to the new rules in the food segment. The market in the Asia-Pacific region is increasing at a rapid speed, and it is expected to register the highest CAGR in the Anti-Microbial coating market due to the growing healthcare and construction sector. Europe will also witness a huge growth in the market due to the increasing healthcare infrastructure, expanding food industry. The market in the Middle East & Africa will grow due to the rising healthcare expenditure. Latin America will also be expected to moderate the demand for antimicrobial coating companies due to the increasing infrastructural development in this region.

Industry/ Innovation/ Related News

Jan 2017: Kastus technologies, an Irish startup launched two antimicrobial coatings products. The irist start-up company recently attracted hige investment to produce and market its products. The product launch has highlighted the focus of stratupe on product innovation. Its relatively new entrant in the market and high focus on innovation.

Feb 2017; Foster Corporation launched a new microbial masterbatch coat for the medical device industry. The company has introduced the novel product that can be blend with medical device polymers and is marketing under brand name Combat. The development is in line with the overall market trend to focus on innovation to cater prominent end-use industry.

Sept 2016; BASF SE, one of the leading chemical company launched antimicrobial admixture for concrete protection under the brand name, ‘Masterlife AMA 100’.  The development underlines the focus on the manufacturers for providing application specific products. The market leader is expected to stimulate the interests of followers for providing application specific products.

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