Flatback Tapes Market worth $1.5 billion by 2027 - Comprehensive Research Report by FMI
Flatback Tapes Market - Analysis, Outlook, Growth, Trends, Forecasts
DUBAI, United Arab Emirates, Jan. 12, 2022 (GLOBE NEWSWIRE) -- Global Flatback Tapes Market is expected to witness a CAGR of 5.9% from 2022 to 2027. The Flatback Tapes Market was worth US$ 1.1 billion in 2022 and is expected to touch a valuation of US$ 1.5 billion by the end of 2027.
Market Size | US $ 1.1 Bn | |
Market Size 2027 | US $ 1.5 Bn | |
Value CAGR (2022 – 2027) | 5.9 | % |
Collective Value Share: Top 5 Companies (2021A) | 30 | % |
The report states that faltback tapes have very limited applications as these tapes are mostly used in sectors such as automotive, paper industry, electronics, and packaging. Flatback tapes have smooth paper backing (which is not creped). Creped tapes are a different form of tapes altogether and they have a larger application base as compared to flatback tapes.
Flatback Tape Market research report which is segmented by Adhesive type, by Product Type and by Region
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Rubber, acrylic, silicon are commonly used as adhesives. The thickness of the tape varies from 2.5 Mil to 15 Mil. These tapes possess high basis weight, so they can withstand high loads. These tapes are hand tear-able, which makes the manufacturing process simpler and convenient. These tapes have large thickness compared to crepe tapes, but very little elongation, from 2% to 4% mostly.
Flatback tapes are commonly used in splicing, packaging and masking applications. Manufacturers are trying to innovate flatback tapes so that they can increase its application base. For instance, in April 2016, the 3M Company introduced a hand tear masking tape under the brand name ‘Scotch Blue PLATINUM’ for painting applications and better performance. Along this line, in July 2016, Intertape Polymer Group Inc. launched ultra-thin washi paper backed moisture resistant masking tape under the brand name FineLine for achieving better performance while painting.
Scope of Report
Attribute | Details |
Forecast Period | 2022-2027 |
Historical Data Available for | 2012-2021 |
Market Analysis | US$ Million for Value and Mn Sq. m for Volume |
Key Regions Covered | North America, Latin America, Western Europe, Eastern Europe, the Middle East & Africa, Asia Pacific excl. Japan, and Japan |
Key Countries Covered | US, Canada, Brazil, Mexico, Germany, Italy, France, U.K., Spain, Russia, GCC Countries, China, India, and Australia & New Zealand, ASEAN |
Key Segments Covered | Adhesive, Product, Application, Thickness and Region |
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Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
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The flatback tapes market is moderately correlated with these end use industries as it follows the dynamics of these industries. Countries in Asia Pacific such as India, Indonesia, Philippines, China, Thailand and Honk Kong represent the highest consumer confidence due to high annual GDP growth rates and improving lifestyles of the people. Some countries in MEA such as UAE and Saudi Arabia also represent considerable consumer confidence in their markets.
Flatback tapes are made from paper material, which is biodegradable and highly recyclable. The rising intolerance towards plastic is favouring the demand for flatback tapes. Substitute products for flatback tapes are largely made of plastic, which are expected to create landfill issues. Thereby, implementation of regulations pertaining to environment friendliness, plastic usage and waste dumping in manufacturing industries and other businesses is influencing consumers to choose paper backed tapes such as flatback tapes.
Thickness to Turn out to be a Hindering Factor in the Global Flatback Tapes Market
Flatback tapes have high basis weight compared to crepe paper tapes. This results in higher strength, thickness and low elongation. However, the thickness makes it unfit for majority of applications like carton sealing where the application area includes sharp edges or flexible surfaces. Due to the high strength and low elongation, flatback tapes are easily tear-able by hand. Tear strength is the main area of concern in flatback tapes resulting in a slowdown in the market’s growth.
Find the Previous Research Done on - Flatback Tapes Market Trends - https://www.globenewswire.com/news-release/2018/04/02/1458559/0/en/Flatback-Tapes-Market-is-expected-to-witness-a-CAGR-of-5-8-from-2017-to-2027.html
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