Splicing Tapes Market size is valued at USD 600 million in 2021 and is expected to reach a value of USD 750.2 million by 2028, growing at a CAGR of 3.2% during the forecast period 2022 to 2028. The global market provides a detailed overview of the splicing tapes market and that can be segmented by resin, backing material and application. By resin, the splicing tapes market has been segmented into acrylic, rubber, silicone and others. The rubber segment is likely to be the largest and fastest-growing segment in terms of resin. In addition, others include polyurethane and phenolic. Based on backing material, the splicing tapes market is segmented into paper/tissue, pet/polyester, non-woven and others. Among these, the paper/tissue segment is expected to have the fastest-growing market during the forecast period 2022-2028. Also, other segments include PVC, Cloth fiber, PP, PE, and Polyolefin. Based on application, the splicing tapes market is segmented into the paper & printing, packaging, labeling, electronics, and others. The paper & printing segment accounts for the largest share in 2021. The packaging segment has the second-largest share during the forecast period 2021-2028. Further, other segments are further segmented into floor covering, plastic bonding, automotive, and textile.
In Oct 2021, Tesa Splicing Tapes established a complete state-of-the-art plant in Tennessee, United States, to assist industrial manufacturing.