Electrical Tapes Industry 2018 Global Market Analysis To 2023 By Size, Share, Trends, Growth, And

Electrical Tapes Market 2018 - Global Industry Forecast to 2023, is latest report on Global Electrical Tapes Market Size, Trends, Share, Growth, And Regional Outlook To 2023. Global Electrical Tapes Market 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 - Global Forecast to 2023.

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The key players in global 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).

Market Highlights:

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%.

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.

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