Press release
Ability to Provide Efficient Solutions for Repairing and Splicing Applications Expected to Drive Revenue Growth of the Global Duct Tapes Market
Market Forecast by Backing Material Type
On the basis of backing material type, the global duct tapes market is segmented into plastic (polyethylene, polyvinyl chloride, and polyester), foil and cloth backed duct tapes. Cloth backed duct tapes are expected to grow rapidly at a CAGR of 5.2% over the forecast period attributed to an extensive use in industrial applications.
Market Forecast by Product Type
Based on product type, the market has been segmented into removable duct tapes, professional grade duct tapes, utility duct tapes and specialised high strength duct tapes. The professional grade duct tapes segment is estimated to account for over 40% value share of the global duct tapes market during the forecast period.
Market Forecast by Adhesive Type
Based on the adhesives used, the global duct tapes market can be classified as natural rubber based adhesive and synthetic rubber based adhesives. Use of natural rubber based adhesives is commonly preferred by duct tapes manufacturers due to their low cost. The natural rubber based adhesives segment is expected to gain 190 BPS over the forecast period.
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Market Forecast by Application Type
Based on application, the duct tapes market can be classified as sealing, repairing, holding, waterproofing, color-coding, strapping, splicing and others. Duct tapes are largely used for sealing applications and this segment is anticipated to account for over 30% value share of the global duct tapes market during the forecast period.
Market Forecast by End Use Industry
Based on end use industries, the duct tapes market can be classified as HVAC industry, building & construction, shipping & logistics, automotive, electrical & electronic industry and DIY activities. Building and construction and HVAC industries are major users of duct tapes. The HVAC industry segment is expected to dominate the global duct tapes market, estimated to hold a value share of about 36% during the forecast period.
Market Forecast by Thickness (Mils)
Based on the by thickness (Mils), the duct tapes market can be classified as 15.
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