Press release
Increasing Electrical and Electronics Industry Growth Leading to Augmented Demand for Gaffers Tape
Asia Pacific is one of the largest markets for gaffers tape. This is mainly attributed to the rapidly growing construction industry in this region. According to India Brand Equity Foundation (IBEF)—a trust by the Department of Commerce, Ministry of Commerce and Industry, Government of India—,in FY2020 the Indian construction Industry is estimated to reach a value of US$ 5 billion. This inadvertently would boost growth of gaffers tape market in India. Also, gaffers tape market is expected to receive a boost in APAC region due to wide availability of Polypropylene, PVC, which is used as raw material for production of gaffers tape. Also the growth in automotive industry has further fueled consumption of gaffers tape in Asia Pacific region.
With high ease of entrance for new manufacturers, the global gaffers tape industry has become highly fragmented. This had led to competition among manufacturers. This is expected to be one of the restraining factors in the gaffers tape market. However, the present focus of manufacturers is towards introducing ecofriendly technology in the market. The major players have adopted this strategy to maintain their position in the market. This approach is also expected to prove beneficial for the new entrants in the gaffers tape market over the forecast period. Some of the companies operating in the global gaffers tape market are KGaA, 3M Company, Avery Dennison, Can-Do National Tape, The Dow Chemical Company, Ashland Inc., H.B Fuller, Henkel AG & Co., Le Mark Group, and PROTAPES AND SPECIALTIES, INC.
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The application of gaffers tape has increased rapidly in the electronic industry owing to its properties such as adhesive holding capability, easy removability, and relatively better moisture resistance as compared to other conventionally used tapes such as duct tape, box sealing tape and adhesive tape. Masking tape is widely used in the decorating industry as it does not leave any residue on the surface. Gaffer tape is widely used in the film industry in stage decoration, to hold down lights and cables on the platform and for marking instruments.
Gaffers tape, also known as camera tape, is a heavy cotton cloth pressure-sensitive tape that has high adhesive properties. Gaffers tape provides packaging companies with the freedom to use any type of packaging material without the use of solvent. The extensive growth of industrial tape industry has in turn propelled demand for gaffers tape. This trend is expected to continue over the foreseeable future. This is mainly attributed to increased consumption of gaffers tape in the construction, electronic, and automotive industries, among others.
Gaffers Tape Market Taxonomy
On the basis of product type the global market is classified into:Cartoon fastening tape,Masking tape,Electrical tape,Double sided tape
On the basis of backing material, the global market is classified into:Polypropylene,PVC,Paper
On the basis of appearance, the global market is classified into:Gloss,Matt
On the basis of application, the global market is classified into:Automotive,Packaging,Health and Hygiene,Building and Construction,Electrical and Electronics
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