Electrical Tapes Market: 2018 Global Industry Trends, Size, Share, Growth Factors, Opportunity Analysis With Forecast To 2023

Market Research Future published a research report on Electrical Tapes Market. The Electrical Tapes market is expected to witness Growth of 5.52% CAGR during the period of 2018 to 2023. Report provides Electrical Tapes market 2018 Industry Analysis by Key Companies, Type, Application, Sales, Market Share, Growth Rate, and Key Country forecast to 2023.

Market Highlights

Electric tape is available in multiple colors, which have different properties. Electrical color code describes which wire has correct configuration of an electrical system, which is paramount for safety. Every color used for electrical wiring has a specific meaning, with different colors indicating different circuit types and purposes. In some countries, all permissible wiring colors are specified by the governing body, while the colors used for some types of wiring are established by local practices followed by electrical contractors and electricians. Thus, wiring color may vary from country to country. American electrical contractors and electricians are required to follow the National Electrical Code (NEC) about wiring colors. Each color of electrical tape represents a certain voltage level and usage designation for phasing tasks. 

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Electrical Tapes Market Key Players Analyzed In Report:

Avery Dennison Corporation (U.S.), Intertape Polymer Group Inc. (Canada), HellermannTyton (U.K), The 3M Company (U.S.), Nitto Denko Corporation (Japan), Teraoka Seisakusho Co., Ltd. (Japan), Plymouth Rubber Europa, S.A. (Spain), ProTapes & Specialties, Inc. (U.S.), Electro Tape Specialties, Inc. (U.S.), H-old S.P.A (Italy), PPM Industries UK LTD (U.K), Euro Tapes Pvt. Ltd (India), Godson Tapes Private Limited (India), and Parafix Tapes & Conversions Ltd. (U.K).

Market Research Analysis

Volatile raw material prices are acting as a restraint to the growth of the electrical tapes market. Price and availability of raw materials are the key factors for tape manufacturers to decide the cost structure for their products. Rubber, PVC, cloth, and polyester films are the raw materials used in the manufacturing of electrical tapes. Most of these raw materials are petroleum-based derivatives, and there are fluctuations in commodity prices. The adhesives industry is affected by high manufacturing costs resulting from increased energy costs. In the automotive industry, adhesives have become a key technology and continue to replace other fixing methods. Tape is a major solution for the wide range of applications in the automotive industry, which include attachment part mounting, cable mounting, hole covering, interior mounting, mirror assembling, surface protection, wire harnessing, and masking. It plays an important role in the vehicle manufacturing process from the body shop to final assembly point. The planned ban on petrol and diesel car sales by 2040 will change the automotive industry scenario. An electric car’s battery generates heat and voltage that needs to be shielded to ensure user safety. Hence, a company, Tesa, has produced a double-sided tape and special film that ensures no power surges occur, with batteries having the ability to survive temperatures up to 150°C. With the continuing drive to keep vehicle weight to a minimum, tapes are offering an advantage over traditional mechanical fixings. This aptly highlights the need and scope for the electrical tapes market in the automotive industry.

Regional Analysis:

Asia Pacific has consistently dominated the market during the forecast period because the sales of electrical tapes are the highest in this region. There is a substantial increase in the number of industries operating in the automotive, construction, electronics, and healthcare sectors. This rise will lead to the increased requirement of wiring harness and other electrical components, which, in turn, would lead to a rise in the need for electrical insulation. Thus, the demand for electrical tapes in the Asia Pacific region is more compared to other regions. The global electrical tapes market in Asia Pacific is estimated to witness a CAGR of 5.67% during the forecast period and holds the largest market share.

Americas include the U.S., Canada, and Rest of Americas. Similarly, the . The region together holds the second largest market share in the global electrical tapes market and is estimated to witness a CAGR of 5.37% during the forecast period. Americas is expected to display a moderate demand for tapes. In the U.S., the expansion of the food and beverage sector is indirectly benefitting the pressure sensitive tapes market due to the need for corrugated packaging. Increasing awareness about the utilization of environment-friendly tapes to abide by governmental regulations is the major factor contributing to the growth of the electrical tapes market.

Market Segmentation:

The scope of the study segments the Global Electrical Tapes Market by its Type, Application and Region.

By Type:

PVC Electrical Tape

Cloth Electrical Tapes

Rubber Tapes

Polyimide Tapes

Polyester Film Tapes

Others

By Application:

Construction

Electrical/Electronic

Aerospace

Automotive

Others

By Region:

North America

Europe

Asia Pacific

Rest of the World

Scope of the Report

This study provides an overview of the Electrical Tapes Market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for America, Europe, Asia Pacific (APAC), and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region.

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TABLE OF CONTENTS:

1 EXECUTIVE SUMMARY

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

3.1 PORTER’S FIVE FORCES ANALYSIS

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 THREAT OF SUBSTITUTES

3.1.4 SEGMENT RIVALRY

3.1.5 BARGAINING POWER OF BUYERS

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

Continued…

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