The global splicing tapes market is anticipated to expand at a steady 4.8% CAGR between 2022 and 2032, according to Future Market Insights (FMI). The market for splicing tapes is anticipated to generate sales worth US$ 603 million in 2022. The increasing use of paper splicing tapes in industrial sectors is supporting market expansion.
As the demand for sustainable backing materials rises in the industrial sectors, the market is projected to expand. In order to meet the rising demand, end users are progressively embracing paper backing splicing tapes.
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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.
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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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