Press release
Electrical Tape Market is expected to reach USD 18.76 billion by 2030 : Cognitive Market Research
Electrical Tape Market is expected to reach USD 18.76 billion by 2030 : Cognitive Market Research
Definition of electrical tape?
- Electrical tape is a pressure-sensitive tape that is employed for the insulation of electric wires and the material which can conduct electricity. It is used to cover and protect different types of wires, cables, and others. These are often made up of vinyl as the material provides elongation properties.
Summary:
• The Electrical Tape Market is expected to grow from USD 13.98 billion in 2022 to USD 18.76 billion by 2030, at a CAGR of 4.09%
"To know more about The Electrical Tape Market statistics click here: https://www.cognitivemarketresearch.com/electrical-tape-market-report
Market Dynamics:
• The consumer electronics market raises the demand for Electrical tape
Consumer electronics have become a fundamental part of human life. People across the globe directly or indirectly depend on these electronic devices as it saves time and energy of people. The increasing disposable income, the desire for easy and smooth life and to remain upgraded with modern technologies are a few of the prime factors driving the growth of consumer electronics. Thus, consumer electronics (CE) is a multibillion-dollar sector that has been continually advancing and evolving with technology as well as adding new product lines in response to shifting consumer lifestyles. This factor drives the market for electrical tape.
• Restraints of the electrical tape market
The fluctuation in raw material prices of electrical tape can hamper the growth of the electrical tape market. The average global price of polyvinyl chloride (PVC) in October 2022 was $1,182 USD per metric ton. PVC prices in 2021 were 1,449 US dollars per metric ton, up from 889 US dollars in 2020. This factor impedes market development.
• Rapid industrialization will drive the market for electrical tape
Urbanization led to a raise in the demand for several products. This increased the rate of industrialization. The industries such as aerospace, construction, automotive, electronics & electrical, and others are growing at a high growth rate. This is expected to gain revenue for the electrical tape key players.
Electrical Tape Market Segmentation:
Type
• PVC Electrical Tape
• Cloth Electrical Tape
• Rubber Tapes
• Polyimide Tapes
• Polyester Films Tapes
• Others
Based on type, PVC electrical tape is held a high market share owing to the benefits provided by the PVC material. As it provides durable protection against elements and is resistant to chemicals the demand for PVC electric tape is growing.
Application
• Construction
• Aerospace
• Automotive
• Electronics & Electrical
• Others
Based on application electronics and electrical segment dominated the market for electrical tape due to the rising usage of consumer electronics, home appliances, small appliances, and IT equipment
The Major Players in Electrical Tape Market are:
3M, Achem (Yc Group), Tesa (Beiersdorf Ag), Plymouth Rubber Europa, Nitto, Teraoka, H Old, Ipg, Saint Gobin (Chr), Four Pillars, Scapa, Wurth, Berryplastics, Yongle, Shushi, Tiantan Tape, Sincere, Kuayue
Get free sample pages of the latest published Electrical Tape Report:
https://www.cognitivemarketresearch.com/electrical-tape-market-report/report_enquiry?id=4
Regional Analysis:
- Asia Pacific dominates the electrical tape market
Geographically, the global electrical tape market is divided into regions like North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. Asia Pacific dominates the electrical tape market because of expanding car sales in particular EV sales, the rising number of end-user industries, and others. In specific China is a major contributor to this regional growth.
Electrical tape Market recent news:
- In January 2023, EIs launched a new website Quickfabs.com for 24-hour electrical tape converting and shipping! This new solution will help EIS establish itself as the market leader in fast, predictable lead times for custom-configured (cut or sliced) tapes. The site offers around 25 tapes from three distinct suppliers: 3M, Intertape, and Nitto.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Electrical Tape Market
• 3.1 Global Electrical Tape Market Size 2018 - 2030, (USD Million)
• 3.2 Global Electrical Tape Value, Absolute & Opportunity Analysis
• 3.3 Global Electrical Tape Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Electrical Tape Market Statistics 2022: Snapshot
Chapter 4 Global Electrical Tape Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Electrical Tape Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Electrical Tape Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Electrical Tape Market Regional Analysis
Chapter 12 North America Electrical Tape Market Outlook (2018 - 2030)
Chapter 13 Europe Electrical Tape Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Electrical Tape Market Outlook (2018 - 2030)
Chapter 15 Latin America Electrical Tape Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Electrical Tape Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more Electrical Tape Market TOC click here:
https://www.cognitivemarketresearch.com/electrical-tape-market-report#table_of_contents
Related Report:
• Space Battery Market - https://www.cognitivemarketresearch.com/space-battery-market-report
• Tape and Label adhesives Market - https://www.cognitivemarketresearch.com/tape-and-label-adhesives-market-report
• Traffic Road Marking Coatings Market - https://www.cognitivemarketresearch.com/traffic-road-marking-coatings-market-report
• Tape market - https://www.cognitivemarketresearch.com/tape-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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