According to Future Market Insights (FMI), the global splicing tapes market is expected to grow steadily between 2022 and 2032, at a CAGR of 4.8%. In 2022, it is predicted that the splicing tapes industry will produce sales of US$ 603 million. The market is expanding thanks to the growing use of paper splicing tapes in industrial industries.

The market is expected to grow as more industrial sectors require sustainable backing materials. End users are increasingly adopting paper backing splicing tapes to fulfil the escalating demand.

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As a result, producers of splicing tapes are leveraging this current trend and creating inventive and imaginative packaging solutions. Some of the top businesses are now offering paper-backed splicing tapes with rubber as the resin type of choice.

Key Takeaways from Global Splicing Tapes Market

  • The paper tape segment is expected to account for ~60% of demand share during the forecast period, creating an incremental opportunity of US$ 571.6 Mn in 2032.
  • Based on application, manufacturing segment will expand at a CAGR of 4.3% over the assessment period.
  • China splicing tapes market is poised to expand at a CAGR of 4.3% during the forecast period.
  • South Asia is anticipated to be the most attractive region for the splicing tapes during the forecast period. This is attributed to the increasing penetration of splicing tapes in paper, tube & core industries.
  • Rubber is a popular resin in the splicing tapes market and is predicted to grow at a CAGR of 4.4% between 2022 and 2032.
  • “Splicing tapes are gaining significant traction in the manufacturing industries attributing to better adhesion to a variety of substrates. As splicing tapes can be removed without leaving adhesive residue, its consumption in packaging industry is expected to increase significantly.” Says FMI Analyst.

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Will Increasing Use of Paper as Backing Material Propel in Global Splicing Tapes Market?

Splicing tapes are used primarily in the paper and printing, packaging, electric and electronics, and labelling sectors. Food and beverage, personal care, and manufacturing industries all use paper and paperboard packaging.

In the electrical and electronic industries, the need for splicing tapes is increasing. These tapes are appropriate for electrical and electronics applications as they are extremely resistant to saline water, steam oils, detergents, and chemicals. As a result, it’s ideal for repairing electrical cables, bolted connections, pipes, and cellular towers.

Splicing Tapes have varied key players in the some of them are

  • 3M Company,
  • Shurtape Technologies LLC,
  • Tesa SE,
  • Saint-Gobain Tape Solutions Europe,
  • Nitto Belgium NV,
  • Advance Splicing Splicing tapes International Ltd.,
  • PPM Industries S.p.A,
  • Vibac Group S.p.a,
  • Intertape Polymer Group Inc.,
  • Berry Global, Inc.,
  • Beorol d.o.o,
  • Folsen Splicing Splicing tapes,
  • FABO s.p.a.,
  • Scapa Industrial,
  • Cintas Adhesivas Ubis, S.A.

Key Benefits for splicing tapes market:
• Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
• Major countries in each region have been mapped according to their individual revenue contribution to the global/regional market.
• It outlines the current trends and future scenario of the market from 2022 to 2032 to understand the prevailing opportunities and potential investment pockets.
• The profiles of key players along with their key strategic developments are enlisted in the report.
• The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.

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Global Splicing Tapes Market by Category

By Backing Material Type:

  • Paper Tissue
  • Polyester
  • Non-Woven

By Resin Type:

  • Acrylic
  • Rubber
  • Silicone

By Application:

  • Manufacturing
  • Packaging
  • Paper & Printing
  • Global Splicing Tapes Market Landscape

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