Global Filament Tapes Market expected to register a 7.1% CAGR by the end of 2026
Almost every other product in the world is likely to get packaged & delivered through ridged fibreboard boxes, compelling the global packaging industry leaders to increase the use of pressure-sensitive tapes for helping these boxes retain their shape during mechanical abrasion. Filament tapes continue to be an integral part of packaging operations such as carton sealing, bundling and strapping. Future Market Insights’ analysis of the global filament tapes market indicates that the demand for single-sided filament tapes is presently higher in such packaging operations. However, by the end of 2026, global filament tapes revenues will be equally split by single-sided as well as double-sided filament tapes, implying an upward ascent for the demand for double-sided tapes.
Future Market Insights recently published its report on the global filament tapes market which estimates that US$ 3,340.8 million revenues were amassed through global sales of filament tapes in 2016. According to the report, the global filament tapes market is expected to register a 7.1% CAGR to reach market value of US$ 6.6 billion by the end of 2026.
Request Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-2852
Some of the report’s crucial research findings project that,
In 2016, more than 1,100 million square meters of 24mm filament tapes were consumed globally
High tensile strength & UV-resistance of filament tapes is expected to procure lucrative opportunities as sealants in production of healthcare & hygiene products
As backing adhesives, plastic films and paper will collectively dominate the global filament tapes market by accounting for over 80% revenue share by 2026-end
Global revenues of filament tapes manufactured with acrylic adhesives will grow at the highest CAGR – 8.4%
Increasing demand for corrugated packaging boxes will significantly boost the growth in demand for filament tapes in the future
In its report, titled “Filament Tapes Market: Global Industry Analysis & Opportunity Assessment, 2016-2026,” Future Market Insights further signifies the key challenges faced by filament tapes manufacturers across the globe. Low profit margins, coupled with strict environmental regulations are curbing the potential of companies to expand manufacturing facilities. Undulating prices of raw materials such as foam, plastic films or fabrics is further impacting the growth in production capacity of filament tapes manufacturers. Some of the leading companies manufacturing filament tapes, profiled in this report, include, 3M Company, Tesa Tape Inc., PPM Industries S.P.A., Sekisui TA Industries, LLC, Canadian Technical Tape, Ltd., Intertape Polymer Corp, Inc., Saint–Gobain Performance Plastics, Krush Adhesive Tape, Inc. and Pro Tapes & Specialities Inc.
Automotive Industry – Largest End-user of Filament Tapes
While packaging remains to be the core end-use of filament tapes, the demand for pressure-sensitive reinforcement operations is gaining substantial traction in the automotive industry. Leading automakers are benefitting from the high tensile strength of filament tapes, which is used for welding and painting, and their ability to leave lesser residue after removing from metal surfaces of the automobiles. In 2016, more than US$ 500 million revenues were procured globally from selling filament tapes to automotive industries. These revenues are projected to increase at a CAGR Of 10.2% during the assessment period. Revenues from printing end-user industries will, however, incur a sluggish growth to reach US$ 380 million by 2026-end.
Send An Enquiry@ http://www.futuremarketinsights.com/askus/rep-gb-2852
On the basis of applications, the demand for filament tapes will be majorly accounted by carton sealing. With over 40% revenue share, carton sealing will remain the dominant application of filament tapes through 2026, while combined revenues amassed from bundling, sealing and insulation application of filament tapes will account for more than 30% share. The report also expects that filament tape revenues procured from Asia-Pacific excluding Japan (APEJ) will be higher than any other region, exhibiting a value share of more than 35%. Throughout the forecast period, APEJ will remain a leading region in the global filament tapes market, followed by North America and Eastern Europe. These three regions together, are anticipated to bring in revenues worth nearly US$ 5 billion by the end of 2026.
ABOUT US :
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
You can edit or delete your press release Global Filament Tapes Market expected to register a 7.1% CAGR by the end of 2026 here
News-ID: 538220 • Views: 275
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for Tape
Polyimide Tape (Kapton Tape) Market Overview by 2025: QY Research
Global Polyimide Tape (Kapton Tape) market report is first of its kind research report that covers the overview, summary, market dynamics, competitive analysis, and leading player’s various strategies to sustain in the global market. This report covers five top regions of the globe and countries within, which shows the status of regional development, consisting of market value, volume, size, and price data. Apart from this, the report also covers detail
Specialty Tape Market 2017 - 2026
Press Release - 16 July 2018 Research and Development News -- . . Latest Update "Specialty Tape Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2026" with Industries Survey | Global Current Growth and Future. ' ' Global Specialty Tape Market: Overview Specialty tapes include a wide variety of tapes for specific use in industries. Hence, these tapes have enhanced capabilities compared to adhesive tapes. With increasing use in various
Find How Global Polyimide Tape (Kapton Tape) Industry Performing Worldwide?
“Global Polyimide Tape (Kapton Tape) Market Research Report 2016”Purchase This Report by calling ResearchnReports.com at +1-888-631-6977. The Global Polyimide Tape market research report analyzes this market on the basis of its market segments, major geographies and current market trends. Geographies studied in this research report are North America, Asia Pacific, Europe, and Rest of the world. This report provides an all-inclusive examination of the market growth drivers, factors influencing and limiting market
World's Most Expensive Screw Tape
US rap artist Wyldthang placed a advance copy of his forthcoming album RIZE:Screwed & Chopped on Ebay today for the whopping total of $5,000. The special made 24 Karat Gold copy of the CD is a unique offering. "DJ BC of the Screwed Up Click took almost a year putting this album together. The project is reimagined, remastered and reloaded." Wyldthang states, "After all that time and effort that he
Heat Shrink Tape, Insulation Tape, Medium Voltage Insulation Tape, Protection Vo …
Yamuna power offers the Heat Shrink Tape with various features such as Reduces bus bar clearance requirements, Protects against accidental flash over, Halogen free, Shrink at Temperature: 120o C, Anti-track and many more. The heat shrink tape to mend holes and attach cables. This is called the heat shrink cable because it shrinks after heat is applied to it. the tape is based on the compressive principle so that it
Presto Tape Distributor Program
Volume Pricing on Protective Tape and Adhesives As one of the top 4 producers of protective tape in the USA, the Presto Tape distributor program aims to help you provide your customers with superior products. We offer the opportunity for contractor distributors to buy from us, the manufacturer. A direct relationship with us eliminates delays and costs when buying from others who add mark-up to the product cost. Buy from us