Splicing Tapes Market in Developing Countries: Market Potential, Challenges, and Strategies for Growth
Data Bridge Market
Research analyses that the splicing tapes market will witness a CAGR of
2.54% for the forecast period of 2021-2028. Rising demand and use of paper
and packaging by the various industries and rising application of splicing
tapes by the verticals such as paper and printing, packaging, electronics,
labelling, automotive, healthcare and others are the two major factors
attributable to the growth of splicing tapes market.
Market Insights and Scope
Splicing tapes are the
tapes that are used to join two surfaces and increase their strength.
Splicing tapes are used to ensure continuity in the flow of working
by joining the two substrates that acts as a working area. The splicing tapes
are generally acrylic, rubber and silicone in nature. Based on the
kind of adhesives used, the splicing tapes are manufactured/ produced in many
configurations. The splicing tapes can be recycled and reused easily. The
splicing tapes are double sided tapes in order to provide maximum strength and
durability when joining the two substrates.
Rising application of
splicing tapes by the paper and packaging industry is responsible for
propelling growth in the market value. Increased demand and application of
splicing tapes by the other industry verticals is another important market
growth determinant. Rapid emergence of e-commerce platforms as a result of
increased digitization is also responsible for fostering the growth in the
demand for splicing tapes globally. The growing trend of acrylic resins in the
automobile sector will further create lucrative growth opportunities for the
splicing tapes market.
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