Electrical Tapes Market 2018 Key Country Analysis: Global Manufacturers Avery Dennison, Intertape Polymer, HellermannTyton, 3M, Nitto Denko, Teraoka Seisakusho, Plymouth Rubber, ProTapes, Electro Tape, H-old, PPM Industries, Euro Tapes, Godson Tapes, and

Electrical Tapes Market Share, Growth, Trends, and Key Country Analysis Research Report 2018 - Global Forecast to 2023, Global Electrical Tapes Market will register highest growth through 2023. Report provides in-depth analysis of Electrical Tapes Industry by Type (PVC Electrical Tape, Cloth Electrical Tapes, Rubber Tapes, Polyimide Tapes, Polyester Film Tapes, Others), by Application (Construction, Electrical/Electronic, Aerospace, Automotive, Others) and by Region.

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Global automotive Electrical Tapes market is expected to grow with a CAGR 5.52% by 2023. The report for Global Automotive Electrical Tapes Market comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market.

Top Electrical Tapes Manufacturers Competitive Landscape:

The key players in Electrical Tapes market are 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).

These market participants are continuously implementing various strategies such as mergers, partnership, collaboration, product launches, etc. to gain a substantial edge over the market. Competition in the Electrical Tapes market is heating up. As these key players are increasingly investing towards the development of new technology.

Market Overview:

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. 

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.

Manufacturers of electrical tapes offer a comprehensive portfolio of cloth, PVC, polythene, foil, masking, and double sided tapes for indoor and outdoor applications, which have been developed for every trade throughout the construction or repair process. Considering the influence of the construction industry in boosting the market's growth, rising demand for electrical tapes has been witnessed in the Asia Pacific region. China, India, and South Korea are some of the countries that are witnessing economic growth, particularly in the building and construction industry, further highlighting the potential for this market on the global platform.

Segmentation:

The electrical tapes market is segmented on the basis of type, application, and region. On the basis of type, the maximum market share is possessed by the PVC electrical tape. Polyvinyl chloride is a thermoplastic polymer that possesses excellent mechanical properties, better insulation ability, and higher resistance to chemicals used in industrial applications. PVC electrical tapes are ideal products for masking during the chemical plating process. The cloth electrical tape is the second highest revenue generating type. Cloth electrical tapes have the least dielectric strength. However, they have excellent mechanical properties, which are required for wrapping small electrical components and coil windings and fixing and repairing cables or electrical equipment. Rubber tapes are the third largest revenue generating type of tape. Rubber tapes are shelf stable tapes that possess excellent electrical properties. These wires can be stretched to a great extent, without affecting their physical and electrical properties. PVC electrical tape accounted for the largest market share in 2017 and is estimated to witness a CAGR of 6.02%.

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.

List of Tables:

Table 1 Electrical Tapes Market: By Region, 2017-2023

Table 2 North America Electrical Tapes Market: By Country, 2017-2023

Table 3 Europe Electrical Tapes Market: By Country, 2017-2023

Table 4 Asia Pacific Electrical Tapes Market: By Country, 2017-2023

Table 5 RoW Electrical Tapes Market: By Country, 2017-2023

Table 6 Electrical Tapes Market, By Body Type, By Regions, 2017-2023

Table 7 North America Electrical Tapes Market, By Body Type, By Country, 2017-2023

Table 8 Europe Electrical Tapes Market, By Body Type, By Country, 2017-2023

Table 9 Asia Pacific Electrical Tapes Market By Body Type, By Country, 2017-2023

Table 10 RoW Electrical Tapes Market By Body Type, By Country, 2017-2023

Continued…

List of Figures:

FIGURE 1 Research Process Of MRFR

FIGURE 2 Top Down & Bottom Up Approach

FIGURE 3 Market Dynamics

FIGURE 4 Impact Analysis: Market Drivers

FIGURE 5 Impact Analysis: Market Restraints

FIGURE 6 Porter’s Five Forces Analysis

FIGURE 7 Value Chain Analysis

Continued…

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