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Global Flatback Tapes Market Projected to reach at a CAGR of 5.8 % during the forecast period 2018 – 2027

Global Flatback Tapes Market Projected to reach at a CAGR of 5.8 % during the forecast period 2018 – 2027

 

 
Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalogue by adding a fresh study titled “Global Flatback Tapes Market Projected to reach at a CAGR of 5.8 % during the forecast period 2018 – 2027”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2027.The report also targets important facets such as market drivers, challenges, latest trends, and opportunities associated to growth of manufacturers in global market for Flatback Tapes Market. Along with these insights, the report provides the readers crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market.

To Get Sample Copy of Report Click here @ https://www.mrrse.com/sample/16214

Flatback tapes are extensively used in paper, tube and core manufacturing industries for mounting, holding, splicing, tabbing and fastening applications that demand aggressive adhesion. The growing worldwide intolerance towards plastic and shifting consumer preference towards biodegradable and environmental friendly packaging is inducing the demand for paper, tube, core, leather and other flatback paper end use industries. Flatback tapes are thick compared to crepe paper tapes so, when they are used for the tabbing and splicing applications they can be easily torn and are recognizable with bare eyes.

Flatback tapes are extensively used in the automotive sector for masking and packaging applications. For one line painting flatback tapes are preferred over other masking tapes, as flatback tapes possess very low elongation or stretching ability from 2% to 4%. Development of small car sales in emerging markets is driving the global automotive market. Global small car sales in emerging markets are expected to increase by approximately 6.0% from 2012 to 2020. The improving economic outlook in emerging markets such as Brazil, Nigeria, China, India, and South Africa is driving the consumption and spending on discretionary items. Improving infrastructure and transportation in these countries is also another major driver boosting the growth of the automotive industry. Flatback tapes play a major role in the automotive painting process, automotive parts packaging and marking. They are used in masking in the automotive sector when the different parts of the vehicles are painted.

Browse Complete Report with TOC @ https://www.mrrse.com/flat-back-tape-market

Flatback tapes are commonly used in paper and paperboard, leather and other rolls production for splicing and tabbing applications. These tapes with high strength, thickness and low elongation have low tear strength and are very much suitable for splicing applications. These tapes will not easily tear compared to crepe paper backed tapes. Hence these tapes are used to join the ends of two rolls to maintain continuous production without interruption. This will help in minimizing the down time and changeover times. Flatback tapes are also used for tabbing applications in paper and paperboard, leather and other rolls manufacturing. These are used to mark the start and end of a roll, which will help laymen to run the production smoothly without any downtime.

The global electronics industry has recovered from the 2008 economic crisis and now the demand is largely driven by emerging markets in India, China, Nigeria, South Africa, Argentina, and Brazil. Trends such as digitization, smart applications and the Internet of Things (IoT) are driving the demand for global electronics devices and components. Flatback tapes are increasingly used in the electronics industry for splicing, tabbing, masking, and sealing purposes. Flatback tapes provide good tacking and material strength, which is the core requirement in the manufacturing of different electronic equipment and parts for end use industries such as automotive, consumer electronics, medical devices, aerospace, building and construction, and manufacturing. Flatback tapes are used in the manufacturing of electronic components and devices. The applications include splicing, tabbing, packaging (carton sealing), and masking. High durability, material density and high tack strength are some of the attractive features driving the demand for flatback tapes in these applications.

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