Filament Tapes Market Growing Trade Among Emerging Economies Opening New Opportunities To 2021-2030

Allied Market Research published a new report, titled, "Filament Tapes Market" The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

The need for filament tapes is driven by qualities such as simplicity for usage, a variety of functions, tear strength and simple removing without markings. In addition, filament bands are more robust than glue bonds or twins, which may draw customers to filament bands and further extend the customer base; therefore, stimulating the growth of the filament bands market.

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Filament tapes are used for indoor and outdoor applications and are preferable to glue or twine because of their stress strength. The customer’s base expected to support the market expansion of filament tapes with multifunctional use, simple removal and comfortable application. Filament tapes are utilized in heavy packaging due to their strength and tear proof properties, making them suitable for usage in the automotive, FMCG and building, and construction sectors. The growth in the filament market results in the usage of filaments in the marine and logistics sector, as brand owners and service providers choose to bundle and consolidate the filament tape to allow bulk transit.

The expanding automobile industry boosts the demand for filament tape. Therefore, market expansion of petrol is projected to be due to the increased attention of manufacturers to the braking and engine noise reduction and the employment of modern thermoplastics and vinyl as vibratory damping materials. High-power filament tapes are used in motors that use this damping material. The usage of filament tape is expected to promote the development of filament tapes on the market.

The increased need for corrugated box packaging is anticipated to promote the market expansion of filament tapes since it provides lightweight solutions for different end-user sectors such as auto, electronics, and food & beverages. The introduction of new technology in filament tapes is expected to boost the filament tapes market. When conventional adhesive tapes are less strong enough to support sizeable items, a high level of abrasion and extreme shear strength, the new filament bands provide durability. It is suitable for the production and processing of metals.

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COVID-19 Impact Analysis:

○ The advent of the global pandemic, COVID-19, has affected the filament tapes market positively. Rapid development in e-commerce is projected to boost the demand for filament tapes. Carton screening, followed by isolation and bundling, was the main use of filament tapes.

○ The supply and distribution chain has interrupted the COVID-19 pandemic, forcing governments to implement lock-down. The shift in business and sales activity influenced output. Hypermarkets and convenience stores have been closed resulting, in a gap in demand and supply.

Geographically Analysis - North America, Europe, Asia-Pacific, and LAMEA

The key market players profiled in the report include 3M Company, Intertape Polymer Corp, Tesa Tape, Inc., Canadian Technical Tape, Ltd., Krush Adhesive Tape, Inc., Sekisui TA Industries, LLC., Pro Tapes & Specialities, Inc., PPM Industries S.p.A., and Compagnie de Saint-Gobain S.A.

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Key Benefits of the Report

○ This study presents the analytical depiction of the filament tapes industry along with the current trends and future estimations to determine the imminent investment pockets.
○ The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the filament tapes market share.
○ The current market is quantitatively analyzed from 2021 to 2030 to highlight the filament tapes market growth scenario.
○ Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
○ The report provides a detailed filament tapes market analysis on the basis of competitive intensity and how the competition will take shape in coming years

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