GITNUX MARKETDATA REPORT 2024

Specialty Tapes Industry Statistics

The specialty tapes industry is projected to experience steady growth due to increasing demand across various end-user sectors.

Statistic 1

"The automotive segment accounts for around 20% of the specialty tapes market."

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Statistic 2

"Environmental concerns are leading to the development of eco-friendly specialty tapes."

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Statistic 3

"Specialty tapes are preferable in medical devices due to their hypoallergenic properties."

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Statistic 4

"The global specialty tapes market was valued at approximately USD 45.5 billion in 2020."

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Statistic 5

"Adhesive technology advancements are driving innovations in specialty tapes."

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Statistic 6

"Specialty tapes for electronic applications are projected to grow at a CAGR of over 7.1% from 2021 to 2028."

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Statistic 7

"Specialty tapes market in Europe is projected to witness a growth rate of over 5% during the forecast period."

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Statistic 8

"Specialty double-sided tapes are increasingly used for mounting applications in various industries."

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Statistic 9

"Increased demand for lightweight tapes is observed in the construction industry for easy installation."

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Statistic 10

"The aerospace industry is incorporating flame retardant specialty tapes for safety compliance."

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Statistic 11

"Specialty tapes are used increasingly for packaging solutions requiring both protection and branding."

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Statistic 12

"Rising safety regulations in industrial applications are boosting the demand for specialty tapes."

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Statistic 13

"North America accounted for over 30% of the total specialty tapes market share in 2020."

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Statistic 14

"The construction sector's increasing reliance on specialty tapes is driving market growth."

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Statistic 15

"Asia Pacific is anticipated to be the fastest-growing market for specialty tapes, with a CAGR of over 6% through 2028."

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Statistic 16

"The specialty tapes market is projected to grow from USD 45.5 billion in 2020 to around USD 65.6 billion by 2028."

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Statistic 17

"Specialty adhesive tapes, particularly void tapes, are growing due to anti-counterfeiting measures."

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Statistic 18

"The growing trend of flexible packaging is enhancing the demand for specialty tapes."

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Statistic 19

"Specialty tapes market in China is growing due to the expanding electronics industry."

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Statistic 20

"The demand for specialty tapes in the healthcare sector is expected to rise significantly by 2025."

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