Flat Back Tape Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Global Flat Back Tape Market is segmented By Adhesive (Acrylic, Silicon, Rubber, Others), By Product (Single Side, Double Side), By Application (Splicing, Packaging, Masking, Tabbing), By Region (North America, Europe, South America, Asia-Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Flat Back Tape Market scope

180 pages report analyses the Global flat back tape market shares, recent trends, competitive intelligence and future market outlook. The market is poised to grow at a CAGR of 5.9 % until 2031. Increasing demand for flatback tape from the electrical and electronic industry is boosting the growth of the product in recent times. The Competitive rivalry intensifies with Pro Tapes & Specialties, Inc, Nitto Denko Corp, Kruse Adhesive Tape, Inc, Tape-It Inc, MBK Tape Solutions, Nadco Tapes and Labels, Inc and others operating in the market.

Flatback tapes are widely used in the paper, tube, and core industries for mounting, holding, splicing, tabbing, and fastening applications requiring strict adherence. Furthermore, flatback tapes are thicker than crepe paper tapes, making them easily ripped and recognized with the naked eye when used for tabbing and splicing applications.

The demand for paper, tube, core, leather, and other flatback paper end-use sectors is increasing due to a growing global intolerance for plastic and a shift in customer preference toward biodegradable and environmentally friendly packaging.

Flat Back Tape Market - Strategic Insights

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Flat Back Tape Market Dynamics

Improving automobile business creates immense opportunities for the flatback tape market to proliferate in the near future.

Automobile sales are expected to drop to about 70 million units in 2021, down from nearly 80 million units in 2017. Commercial vehicles and passenger cars are the two most important areas of the auto industry. China holds the topmost position globally for auto marketplaces, both in terms of sales and production. Furthermore, China is projected to lead the market by 2040 with projected autonomous vehicle sales of 14.5 million units. These tremendously improving automobile numbers are also pushing the flat back tape market as they are commonly used for masking and packing in the automotive industry.

Furthermore, Flatback tapes are chosen over other masking tapes for one-line painting because they have a very low elongation or stretching ability of 2 to 4%. The global automotive market is being driven by the growth of small car sales in emerging nations. As a result, flatback tapes are used extensively in automotive painting, packaging, and marking processes. In addition, they're utilized to hide distinct components of automobiles when they're painted in the automobile industry.

Increasing demand for flatback tape from the electrical and electronic industry is boosting the growth of the product in recent times.

The global electronics sector has rebounded from the 2008 financial crisis, and rising economies such as India, China, Nigeria, South Africa, Argentina, and Brazil are currently driving demand for the sector. In addition, the demand for worldwide electronics devices and components is driven by digitalization, smart applications, and the Internet of Things (IoT). This improving business of the electronic sector is creating immense opportunities for flatback tape as commonly used for splicing, tabbing, masking, and sealing in the electronics sector. Furthermore, flatback tapes provide excellent tacking and material strength, which is essential in producing various electronic equipment and parts for end-use sectors such as automotive, consumer electronics, medical devices, aerospace, building and construction, and manufacturing.

The presence of other types of packaging tapes as a substitute hinders the growth of flatback tape.

With advancements in technology, various companies are coming up with different packaging materials in the market. The packaging industry has grown at the fastest rate in the last few decades. The improving business of the packaging sector is creating immense opportunities for building the business of different types of packaging materials. The improving business of the packaging industry has created immense pressure on the flat back tape manufacturers to fulfill the ongoing demand of the product, leading to the challenge of the growth of the product in recent years. Furthermore, companies are coming up with different types of splicing, tabbing, masking, and sealing tapes which act as a major restraint for the growth of the product.

COVID-19 Impact Analysis on Flat Back Tape Market

COVID-19 had a negative effect on the market in 2020. Due to the sudden outbreak of the coronavirus majority of the company has seen an unprecedented downfall in building revenue, particularly in the 2019-2020 period. The same trend has been seen in the flat back tape industry due to the shutdown of manufacturing units and supply chain disruption, which has shown server downfall in the market share of the product. Furthermore, a reduction in demand from end-users for flatback tape during the pandemic phase is another factor that challenged the product's market. However, with the arrival of vaccines, many developing regions such as Asia-Pacific, North America, and others are riving from their hampered stage and expected to get back to the same business in the forecast period estimated to improve the flat back tape business coming years.

Flat Back Tape Market Segment Analysis

The global flat back tape market is segmented on adhesive, product, application, and region.

Splicing and tabbing applications with flatback tapes are popular in the paper and paperboard, leather, and other roll production industries.

The global flat back tape market is segmented into splicing, packaging, masking, and tabbing in terms of application. Out of the mentioned applications, splicing holds the largest market share for flatback tape. Splicing and tabbing applications with flatback tapes are popular in the paper and paperboard, leather, and other roll production industries. These tapes have a low tear strength and are ideal for splicing applications because of their strong strength, thickness, and minimal elongation. When compared to crepe paper-backed tapes, these tapes are less likely to tear. As a result, these tapes are utilized to link the ends of two rolls to maintain uninterrupted production. Flatback tapes are also employed in the fabrication of paper and paperboard, leather, and other rolls, further accelerating the market share for the product in recent times.

Flat Back Tape Market Geographical Share

Asia-Pacific holds the largest market share for flatback tape owing to increasing automobile and electronic sector demand from the region

Asia-Pacific holds the largest market share for flatback tape due to increasing automobile and electronic sector demand. China is known as the pioneer in the automobile industry, and its market is significantly improving at a moderate rate even after the outbreak of covid-19. This growth is majorly responsible for further accelerating the market share for the flat back tape market in the recent period. In addition, the presence of various key players and increasing adoption of most advanced packaging techniques is another factor boosting the demand for the product in the region.

Flat Back Tape Companies and Competitive Landscape

The flat back tape market is highly fragmented with the presence of local as well as global companies. Some of the key players contributing to the market's growth include 3M Company, Shurtape Technologies LLC, Intertape Polymer Group Inc., tesa SE Group, Pro Tapes & Specialties, Inc, Nitto Denko Corp, Kruse Adhesive Tape, Inc, Tape-It Inc, MBK Tape Solutions, Nadco Tapes and Labels, Inc, Tapes & Technical Solutions, Llc. and among others.

The major players adopt several growth strategies such as product launches, acquisitions and collaborations, contributing to the flat back tape market's growth globally. The key manufacturers are following expansion and collaboration as the key strategy to build revenue for the company.

• For instance, in February 2017, Shurtape Technologies, LLC has expanded its tape business with the Acquisition of Syntac Coated Products, LLC, a designer and manufacturer of specialty adhesive coated products.

3M Company

Overview:      It’s an American multinational conglomerate corporation operating in the industry, worker safety, US health care, and consumer goods. 3M Company, also known as (1902–2002) Minnesota Mining and Manufacturing Company, is a diverse American firm that manufactured a wide range of items, including abrasives, adhesive tape and associated items, and consumer electronics components.

Product Portfolio: The company has a product portfolio of flatback tape includes:

3M™ Flatback Tape 2517: The product is designed for general purpose splicing, which offers quick and simple roll starting and roll closure. Furthermore, the product has durable backing that can be torn by hand yet is suitable for machine dispensing.

Why Purchase the Report?

• Visualize the flat back tape market segmentation by adhesive, product, application region and highlight key commercial assets and players.
• Identify commercial opportunities in the flat back tape market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of flatback tape market-level 4/5 segmentation.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players

The global flat back tape market report would provide access to an approx: 61 market data table, 53 figures and 180 pages.

Target Audience 2024

• Service Providers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals
• Emerging Companies
• Manufacturer