Press release
Global Electrical Insulation Tape Market Expected to Witness a Sustainable Growth over 2023
Electrical Insulation Tape (or Electrical Tape) is a type of pressure-sensitive tape used to insulate electrical wires and other material that conduct electricity. It can be made of many plastics, but vinyl is most popular, as it stretches well and gives an effective and long lasting insulation. Electrical tape for class H insulation is made of fiberglass cloth.
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Global Electrical Insulation Tape Market: Forecast by Type / Application / Region
The electrical and electronics application dominated the Electrical Insulation Tape market during the forecast period, closely followed by Auto industry in 2015. Auto industry application is also expected to witness high growth rate between 2016 and 2021 due to the growing paints & coatings industry in North America, Europe, and Asia-Pacific, as a result increasing the demand for Electrical Insulation Tape in the respective regions. The growing manufacturing industry in the U.S., the Middle East, and Asia-Pacific countries such as China, Japan, and India is also driving the market.
The Electrical Insulation Tape market is classified based on type: Cloth Electrical Tape, PVC Electrical Tape, PET electrical Tape. The market is dominated by PVC Electrical Tape due to their enhanced properties such as low price, suitable for insulation and protection of electrical parts and wires. The PET electrical Tape segment is also projected to be the second fastest-growing type of Electrical Insulation Tape during the forecast period.
Over the next five years, LPI(LP Information) projects that Electrical Insulation Tape will register a 1.5% CAGR in terms of revenue, reach US$ 1440 million by 2023, from US$ 1340 million in 2017.
Global Electrical Insulation Tape Market: Key Players
3M
Achem (YC Group)
Tesa (Beiersdorf AG)
Nitto
IPG
Scapa
Saint Gobin (CHR)
Four Pillars
H-Old
Plymouth
Teraoka
Wurth
Shushi
Yongle
Yongguan adhesive
Sincere
Denka
Furukawa Electric
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Related Information:
United States Electrical Insulation Tape Market Research Report 2018
Europe Electrical Insulation Tape Market Research Report 2018
North America Electrical Insulation Tape Market Research Report 2018
Asia-Pacific Electrical Insulation Tape Market Research Report 2018
China Electrical Insulation Tape Market Research Report 2018
EMEA Electrical Insulation Tape Market Research Report 2018
Global Electrical Insulation Tape Market Research Report 2018
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