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Electrical Tape Market Size (US$ 17.5 Billion) | Industry Growth Report 2023-2028
Electrical Tape Market Research & Forecast Report 2023-2028
Market Overview:
Electrical tapes or electrical insulation tape are pressure-sensitive strips specifically designed for electrical applications. They are produced using fabric, vinyl, or polymer materials that can be easily wrapped around cables, and wires, to protect them from moisture and damage. They are fireproof, flexible, cost-effective, durable, easy to use and provide effective insulation against electricity. In addition, they offer excellent resistance to various external factors such as heat acids, dust, temperature, moisture, solvents, and ultraviolet (UV) rays, prevent damage to electrical components, and minimize the risk of electrical hazards. Owing to these benefits, electrical tape is gaining immense traction across the electrical, industrial, and aerospace sectors.
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Electrical Tape Market Trends and Drivers:
The market is primarily driven by the increasing penetration of consumer electronics across the globe. In addition, the escalating demand for electrical tape over traditional tapes owing to their qualities, such as dielectric strength, user-friendliness, heat resistance, and safety, is contributing to the market growth. Moreover, the expanding aerospace and automotive sector, and the increasing sales of electric vehicles (EVs), represent another major growth-inducing factor. Electrical tape is extensively employed for safeguarding electrical components and wire harnessing in engine compartments, safety systems, infotainment, and spark plugs. Besides this, the widespread product application in the construction industry to insulate electrical splices, rebuild strands, and shield electrical connections on high-voltage wires and wire jacketing is providing a positive thrust to the market growth. Furthermore, the growing environmental awareness, implementation of various government initiatives to encourage the use of sustainable materials and recycling practices, the rising demand for eco-friendly sustainable pressure-sensitive electrical tapes that can be recycled and emit fewer volatile organic compounds (VOCs), and the extensive research and development (R&D) activities are other factors creating a favorable market outlook.
Electrical Tape Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
3M Company
A&G Manufacturing Co. Inc.
Denka Company Limited
Electro Tape Specialties Inc.
HellermannTyton (Aptiv PLC)
Intertape Polymer Group Inc.
Nitto Denko Corporation
Parafix Tapes & Conversions Ltd.
Plymouth Rubber Europa S.A.
PPM Industries UK Ltd. (PPM Industries SpA)
ProTapes & Specialties Inc. (Shurtape Technologies LLC)
Scapa Industrial
tesa SE (Beiersdorf AG), etc.
The report has segmented the market based on material, and application.
Material Insights:
PVC Tapes
Glass Cloth Tapes
PET Tapes
Others
Application Insights:
Electrical and Electronics
Aerospace
Industrial
Others
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Middle East and Africa
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Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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