Between 2022 and 2032, the global market for splicing tapes is anticipated to expand at a CAGR of 4.8%. By 2032, the market is expected to have grown from US$ 603 million in 2022 to US$ 968 million. The splicing tapes market had a value of US$ 575 Mn at the end of 2021 and is projected to expand by 4.1% Y-o-Y in 2022.

According to estimates, the global market for splicing tapes will account for nearly 2% of the $71.7 billion global packaging tapes market in 2021.

According to recently published splicing tapes market analysis data, the global demand for the entire paper backing splicing tapes sector grew by 5.6% YoY in 2021 to reach US$ 351 Mn. While the non-woven category saw growth of 2.7% CAGR, the polyester segment increased at a 3.1% CAGR.

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According to Future Market Insights, the splicing tapes market in the United States expanded by 3.0% in 2021. (FMI). Splicing tape sales in North America as a whole totaled US$126 million. According to the annual market analysis, the splicing tapes market, rubber sector, acrylic section, and silicone segment sales totaled US$ 575 Mn for 2021.

Will Increasing Use of Paper as Backing Material Propel in Global Splicing Tapes Market?

Splicing tapes are used primarily in the paper and printing, packaging, electric and electronics, and labelling sectors. Food and beverage, personal care, and manufacturing industries all use paper and paperboard packaging.

In the electrical and electronic industries, the need for splicing tapes is increasing. These tapes are appropriate for electrical and electronics applications as they are extremely resistant to saline water, steam oils, detergents, and chemicals. As a result, it's ideal for repairing electrical cables, bolted connections, pipes, and cellular towers.

Splicing tapes with backing material as paper is expected to have CAGR of 4.5% during the forecast period. Due to the holes in the backing material, paper splicing tapes are also known as micropore tapes.

As compared to fabric or polyester splicing tapes, these tapes offer superior comfort. It is inherently thin, flexible, and smooth, making it ideal for paper and printing applications. The qualities of paper and tissue can vary greatly depending on the quality of the raw materials used.

Which is the Most Remunerative Region in Slicing Tapes Market?

Europe splicing tapes market is estimated to hold a prominent share of almost 1/4th of demand share during the forecast period. Increasing need of splicing tapes in various manufacturing industries across the U.K. and Germany will boost the market.

It has been witnessed that paper backed splicing tapes market in Europe is estimated to hold nearly 2/5th of the market share in 2022-2032. Following this, North America splicing tapes market held 20% of share in 2021 and the trend is likely to continue through 2022 & beyond.

In South Asia and East Asia, paper backing tapes is estimated to hold significant share, with sales to increase with 200 Bps and 255 Bps over the next decade.

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Global Splicing Tapes Market by Category

By Backing Material Type:

• Paper Tissue
• Polyester
• Non-Woven

By Resin Type:

• Acrylic
• Rubber
• Silicone

By Application:

• Manufacturing
• Packaging
• Paper & Printing

By Region:

• North America
• Latin America
• Europe
• Middle east and Africa
• East Asia
• South Asia
• Oceania

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