Splicing Tapes Market Size, Business Growth, Opportunities and Forecasts to 2023 New Report Insights

Splicing Tapes Market report provides analysis of top players in all regions with industry size, growth, revenue, cost, sales, market insights, demand, trend, key statistics and industry forecasts to 2023.

ReportsnReports offers a latest published report on “Splicing Tapes Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 124 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. An exclusive data offered in this report is collected by research and industry experts team.

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The Splicing Tapes Market size is projected to grow from USD 527 Million in 2018 to US$ 593 Million by 2023, at a CAGR of 2.37% during the forecast period. This report spread across 124 pages, profiling 11 companies and supported with 84 tables and 43 figures is now available in this research.

Top Key Players profiled in the Splicing Tapes Market include are 3M Company (US), Nitto Denko Corporation (Japan), Avery Dennison Corporation (US), Scapa Group Plc (US), tesa SE (Germany), Intertape Polymer Group, Inc. (Canada), Shurtape Technologies, Llc (US), ECHOtape (US), Orafol Europe Gmbh (Germany), and Adhesive Research, Inc. (US).

“Growth in the demand for paper/tissue backing material from paper & printing applications is expected to fuel the demand for splicing tapes.”
Paper/tissue is the most popular backing material used in the manufacturing of splicing tapes because they are easily available, flexible, and offer a high degree of printability. Also, paper/ tissue backing type comes with many attractive features such as UV resistance, repulpability, liner less, and others. Also, paper/tissue can be recycled easily as compared to other backing materials used in splicing tapes.

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“Electronics is expected to be the fastest-growing application during the forecast period.”
The Splicing Tapes are used in tabbing and holding lithium-ion battery and also used in different electronics items for color coding in the electronics industry. The increasing demand for lithium-ion batteries will trigger the splicing tapes market growth during the forecast period. Lithium-ion batteries are gaining prominence as one of the fastest-growing batteries in the global electronic vehicle market.

“APAC to record the highest growth rate during the forecast period.”
The APAC splicing tapes market is projected to register the highest CAGR during the forecast period, due to the rising demand for splicing tapes from Japan, India, China, and South Korea. Even though per capita consumption of paper is lower in the paper & printing industry in APAC, the industry is expected to register the highest growth in the global market due to higher production than the other regions. China is expected to lead the demand for splicing tapes due to the increased paper and film production which uses splicing tapes during the production process.

Breakdown of Primary Participants’ Profile:
• By Company type: Tier 1 – 60%, Tier 2 – 30%, and Tier 3 – 10%
• By Designation: C Level – 30%, Director Level – 60%, and Others – 10%
• By Region: Europe – 45%, North America – 30%, APAC – 10%, South America – 10%, and the Middle East & Africa – 5%

Report Highlights:
• To analyze and forecast the market size, with respect to five main regions (along with their respective key countries), namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America
• To define, describe, and forecast the global splicing tapes market, in terms of value and volume
• To provide information about the factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market
• To analyze and forecast the splicing tapes market based on resin type, backing material, and application
• To strategically analyze micromarkets with respect to individual growth trends, prospects, and their contribution to the overall market
• To analyze competitive developments such as new product launch in the market
• To analyze opportunities in the market for stakeholders and provide details of a competitive landscape of the market leaders
• To strategically profile the key players in the market and comprehensively analyze their core competencies

Competitive Landscape of Splicing Tapes Market:
1 Introduction
2 Competitive Leadership Mapping
2.1 Visionary Leaders
2.2 Innovators
2.3 Dynamic Differentiators
2.4 Emerging Companies
3 Market Ranking Analysis
4 Competitive Scenario
4.1 New Product Launch

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Reason to access this report:
The Report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall splicing tapes market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.

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Release ID: 519003