The global splicing tapes market size was valued at USD 612.8 million in 2021 and is poised to grow at a significant CAGR of 3.1% during the forecast period 2022-28. The primary driver of the expansion of the global splicing tapes market is the expansion of the pulp & paper industry. Acrylic segment is expected to account for a larger revenue share in the global splicing tapes market, with a value share worldwide as it more firmly attaches to a variety of substrates. There are two different types of acrylic adhesives: water-based and solvent-based. While solvent-based acrylic systems are often more resistant to other solvents, chemicals, and water, water-based systems dry more slowly than solvent-based ones. The rubber segment held a considerable market share during the estimated period.

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Asia Pacific Splicing Tapes Market

The Asia Pacific market is expected to increase in the global splicing tapes market over the forecast period. It is projected to grow at a CAGR of 3.6% in the coming years.  The region's market is being driven by a number of important factors, including the expansion of the paper, printing, and packaging industries coupled with the population. China plays a vital role in Asia-Pacific’s Splicing Tapes market. China's manufacturers are investing considerably in the most modern and cutting-edge paper manufacturing facilities, which is boosting global paper trade. As manufacturers in these nations constantly invest in cutting-edge paper production facilities, fostering a highly competitive environment for international trade in paper products, the market in developing nations like China and India is predicted to rise rapidly in the near future.

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Key players’ profiles in the splicing tapes market report are Tesa SE (Germany), Shurtape Technologies, Llc (US), Scapa Group Plc (US), Orafol Europe Gmbh (Germany), Nitto Denko Corporation (Japan), Intertape Polymer Group, Inc. (Canada), ECHOtape (US), Avery Dennison Corporation (US), 3M Company (US) and Adhesive Research, Inc. (US).

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