The global demand for Industrial Tapes Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Industrial tapes are sticky chemical film and backing material, are widely used for various industrial functions, including adhesive bonding, masking, packaging, wrapping, and electrical sealing. They provide high adhesive strength as compared to standard tapes. These tapes can also be utilized to bond heavy materials such as glass, concrete, rubber, wood, and metal. These tapes are available in adhesive, non-adhesive, and special-purpose variants. Whereas adhesive industrial tapes are widely used for binding many products, the non-adhesive and special-purpose variants of these tapes are widely used for specific applications such as thread sealing, electrical insulation, welding, thermal protection, and friction reduction.
Market Dynamics
Due to various favorable properties, the wide usage of industrial tapes in the packaging, automotive, medical, and construction sectors is the main factor driving the market. Moreover, owing to their shock and water-resistant properties, they are widely utilized in electrical equipment manufacturing. Furthermore, government policies encourage zero-residue, eco-friendly, and bio-degradable tapes intending to reduce carbon emissions. Additionally, manufacturers are increasingly opting for industrial videos made with natural rubber and acrylic, which are less environmentally hazardous, further accelerating the market growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of industrial tapes.
Market Segmentation
The entire Industrial Tapes market has been sub-categorized into product type, tape backing material, mode of application, application, end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Product Type
- Filament Tapes
- Aluminum Tapes
- Duct Tapes
- Adhesive Transfer Tapes
- Others
By Tape Backing Material
- Polypropylene
- Paper
- Polyvinyl Chloride
- Others
By Mode of Application
- Pressure Sensitive Application
- Solvent Based Application
- Hot Melt-Based Application
- Acrylic Based Application
By Application:
- Packaging Application
- Masking and Protective Application
- Electrical and Electronic Application
- Specialized Application
- Others
By End-User
- Manufacturing Industry
- Automotive Industry
- Construction Industry
- Logistics Industry
- Electrical Industry
- Others
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for industrial tapes market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Industrial Tapes Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the industrial tapes market include Avery Dennison Corporation, H.B Fuller Company, Henkel AG & Company KGaA, Ashland Inc., Sika AG, Saint Gobain SA, Eastman Chemical Company, The DOW Chemical Company, VON Roll Holding AG, The 3M Company, etc.. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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