In 2023, the projected revenue for the global Unsupported Single Coated Tape Market stands at US$ 7.1 billion. Suppliers in the unsupported single coated tape industry are anticipated to experience a steady Compound Annual Growth Rate (CAGR) of 3.5% throughout the next decade, leading to an expected valuation of US$ 10.9 billion by 2033.
A crucial asset for contractors in the construction and building industry, unsupported single-coated tape is widely utilized due to its versatility, cost-efficiency, and convenient application. Projections indicate that the building and construction sector is expected to command a substantial 31.1% share of the global market for this indispensable product.
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The introduction of these adhesive tape-related regulations poses a challenge to the prospects of unsupported single coated tape in the region. To ensure a robust future, adhesive tape organizations must adapt and align their business models with these evolving legal requirements. Companies, both large and small, that proactively integrate regulatory compliance into their product development, procurement, and sustainable practices are expected to thrive in the unsupported single coated tape industry. By prioritizing compliance and sustainability, these businesses can not only navigate legal challenges but also tap into a growing market demand for adhesive tapes that meet evolving standards, ensuring long-term success in the sector.
North America is set to generate the largest unsupported single coated tape market share in the upcoming years. The presence of a well-developed healthcare infrastructure in developed countries, such as Canada and the U.S. is estimated to augur well for the market.
The increasing usage of adhesive tape bandages in moist skin, as well as at-risk or fragile skin environments is a crucial factor that is expected to drive the market. The ability of these tapes to enable the outside air to reach and penetrate the underlying skin or dressing and creating a breathable solution is also likely to aid the growth in North America.
Key Unsupported Single Coated Tape Market Takeaways and Projections
- The U.S. is expected to lead the North america unsupported single coated tape market, projecting the fastest growth in the region between 2022 and 2032.
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.
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Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of unsupported single coated tape market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
It also provides a list of leading players and recent development in the global unsupported single coated tape market. Some of the prominent market players are
- Arkema (Bostik),
- 3M,
- Nitto Denko,
- Scapa,
- Avery Dennison,
- Syntac Coated Products,
- Intertape Polymer,
- Adhesives Research,
- Berry Plastics,
- Cantech,
- American Biltrite,
- Shurtape Technologies,
- Essentra,
- Adhesive Applications,
- Mactac,
- Main Tape,
- tesa SE,
- DYNAREX,
- DeWAL Industries,
- Medline Medical,
- Lamart Corp.,
- McKesson,
- Johnson & Johnson,
- Cardinal Health,
- Worthen Industries,
- Coroplast Tape Corporation,
- CCT Tapes.
Key Trends Spotted in the Unsupported Single Coated Tape Market:
- Technological Advancements: Continuous innovation in tape technology is enabling the development of tapes with superior adhesion, durability, and performance characteristics. These advancements are enhancing the utility of unsupported single coated tapes in various industries.
- Eco-Friendly Solutions: Growing environmental awareness is driving the demand for eco-friendly tape options. Manufacturers are exploring sustainable materials and adhesive solutions, responding to the market’s increasing emphasis on eco-conscious products.
- Customization and Specialization: There is a rising need for specialized tapes tailored to specific applications, such as automotive, aerospace, and medical industries. Customized solutions are gaining traction as they offer precise and effective solutions to industry-specific challenges.
Key Segments Profiled in the Unsupported Single Coated Tape Industry Survey
By Product Type:
- Ordinary Tape
- Specialty Pressure Sensitive Tape
By Application:
- Aerospace
- Medical
- Retail/Graphics
- Building/Construction
- Paper/Printing
- Hygiene
- White Goods
- Automotive
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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