Global Splicing Tapes Market to Reach $756.1 Million by 2030
The global market for Splicing Tapes estimated at US$607.6 Million in the year 2023, is expected to reach US$756.1 Million by 2030, growing at a CAGR of 3.2% over the analysis period 2023-2030. Acrylic-based Splicing Tapes, one of the segments analyzed in the report, is expected to record a 3% CAGR and reach US$352.9 Million by the end of the analysis period. Growth in the Rubber-based Splicing Tapes segment is estimated at 3.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $163.3 Million, While China is Forecast to Grow at 4.5% CAGR
The Splicing Tapes market in the U.S. is estimated at US$163.3 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$146.2 Million by the year 2030 trailing a CAGR of 4.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 2.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$96.3 Million by the year 2030.
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