Splicing Tapes Market Size, Share, Trends, Overview 2022

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.