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The global specialty tapes market is anticipated to grow at a CAGR of 6.1%
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Specialty Tapes Market to Signify Strong Growth by 2023-2029 The global specialty tapes market is anticipated to grow at a CAGR of 6.1% during the forecast period. The major driving factors of global specialty tapes market during the forecast period includes the increasing usage of specialty tapes in end-user industries such as electrical & electronics, healthcare & hygiene, automotive, and others. Currently, electrical and hybrid vehicles (EV) are growing in popularity, as it is cheap to run and smooth to drive. An automotive manufacturer aims to improve the power to weight ratio by using lighter materials such as composites and weight saving bonding, joining and fixing solutions. To provide the product in electrical & electronics industry, key players are also manufacturing specialty tapes. For instance, in June 2018, Techsil Ltd. launched a specialist adhesive tapes range designed specifically for Lithium ion (Li) automotive battery applications that meets the stringent requirements of the EV industry. The product offers properties such as EMI shielding, thermal & electrical insulation, flame retarding and heat sink optimization. To Request a Sample of our Report on Specialty Tapes Market https://www.omrglobal.com/request-sample/specialty-tapes-market Furthermore, the growing requirement of specialty tapes in medical devices is pushing specialty tapes manufacturer to come up with an innovate tapes for healthcare industry. For instance, in May 2019, Lohmann Technologies (UK) Ltd launched DuploMED SUR 624000, designed specifically for incision film applications. The product is also suitable for other skin fixation applications including wound care and diagnostics. The product is a transparent polyurethane film which has been coated with a medical-grade and specially developed for use in the medical sector. Moreover, printing industries are also growing and demands for the specialty tapes. Key players are launching specialty tapes for printing industry to satisfy the demand. For instance, in August 2022, Lohmann GmbH & Co. KG has launched DuploFLEX 5 GRIP, an adhesive tape for the flexographic printing industry with an exceptionally high grip. The product combines the viscoelastic properties of a polymer foam and solvent-free pure acrylic adhesive that is suitable for easy mounting and demounting. A full Report of Specialty Tapes Market https://www.omrglobal.com/industry-reports/specialty-tapes-market Market Coverage The market number available for – 2021-2028 Base year- 2021 Forecast period- 2023-2029 Segment Covered- By Resin By Backing Material By End-User Regions Covered- North America Europe Asia-Pacific Rest of the World Competitive Landscape- including 3M India Ltd., Avery Dennison Corp., Berry Global Inc., ECHOtape, Intertape Polymer Group Inc., LINTEC Corp., Lohmann GmbH & Co.KG, and others. Key questions addressed by the report What is the market growth rate? Which segment and region dominate the market in the base year? Which segment and region will project the fastest growth in the market? Who is the leader in the market? How players are addressing challenges to sustain growth? Where is the investment opportunity? Global Specialty Tapes Market Report Segment By Resin Acrylic Rubber Silicone By Backing Material Polyvinyl Chloride (PVC) Woven/Non-Woven Paper By End-User Automotive & Transportation Construction Medical Devices Electrical & Electronics
Packaging Others For More Customized Data, Request for Report https://www.omrglobal.com/report-customization/specialty-tapes-market About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. Media Contact Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404