What is the current Specialty Tapes Market size?

The Specialty Tapes Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029) Read More

Who are the key players in Specialty Tapes Market?

3M, AVERY DENNISON CORPORATION, NITTO DENKO CORPORATION , LINTEC Corporation and tesa SE - A Beiersdorf Company are the major companies operating in the Specialty Tapes Market. Read More

Which is the fastest growing region in Specialty Tapes Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Specialty Tapes Market?

In 2024, the Asia Pacific accounts for the largest market share in Specialty Tapes Market. Read More

What years does this Specialty Tapes Market cover?

The report covers the Specialty Tapes Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Specialty Tapes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Specialty Tapes Market Trends

Statistics for the 2023 & 2024 Specialty Tapes market trends, created by Mordor Intelligence™ Industry Reports. Specialty Tapes trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Specialty Tapes Industry

This section covers the major market trends shaping the Specialty Tapes Market according to our research experts:

Increasing Demand from Healthcare Segment

The healthcare segment accounted for the largest share in the specialty tapes market, owing to increasing applications, such as tapes on surgical instruments, wound care.
The United States healthcare sector is, by far, one of the most advanced sectors in the country. The increasing geriatric population and growing requirement for medical facilities for the treatment of chronic diseases have been supporting the growth of the healthcare sector.
According to a recent analysis from the United States Federal Government Actuaries, expenditure on health care reached more than USD 4 trillion in the year 2019. This is considered as by far the highest spending in the world, according to the Organization for Economic Co-operation and Development.
Medical tape is one of the major applications in the healthcare segment. The increasing out of pocket healthcare expenditure in developing countries is expected to drive the market for this segment during the forecast period.

Specialty Tapes Market, Revenue (%), by End-User Industry, Global, 2019

Understand The Key Trends Shaping This Market

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Asia-Pacific Region to Dominate the Market

Currently, the Asia-Pacific region dominates the global market in specialty tapes. China and Japan are the leading consumers of specialty tapes in the region.
The increasing healthcare expenditure and the increasing penetration of modern healthcare facilities in India and ASEAN countries are driving the market for medical tapes in the region.
Furthermore, increasing construction activities and electronics production in the region has been on the rise. For example, the electronics assembly market in countries, such as India and Vietnam, witnessed double-digit growth over the past 3 years.
The automotive production in major manufacturing countries, such as China, India, and Japan, have been on the decline in 2019 due to the weak demand. This has slightly hampered the growth of the market.
All these factors are expected to increase the demand for specialty tapes in the region during the forecast period.