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Glass Cloth Tape Market Revenue, Opportunity, Forecast and Value Chain 2017-2025

09-26-2017 05:08 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Glass Cloth Tape Market Revenue, Opportunity, Forecast

Glass Cloth Tape Market: Snapshot

Glass cloth tape is increasingly used in greenhouse paneling. This is made from a textile material called as glass cloth. Glass cloth tape allows visible light to pass through them while filtering out the ultraviolet rays. They are patterned in various ways using the plain weaves. These cloths are made from linen, cotton warp, and tow weft. Glass cloth tapes have quality finishing and high durability and they are used in high temperature sealing applications. As these tapes are formulated with high-temperature abrasion resistant heat curing adhesives, they provide good adhesion, tearing resistance, and excellent temperature resistance properties. They can withstand up to 550°F temperature in the best cases.

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The global glass cloth tape market is expanding at an impressive rate owing to their increasing application in the packaging industry. These cloth tapes are cheaper than their substitutes and provide desirable qualities, which is motivating manufacturers to increase their usage. Furthermore, technological advancements and product innovations are allowing the vendors to create glass cloth tape with high mechanical strengths and more heat resistance, which is propelling this market. The usage of glass cloth tapes as electrical insulators and increasing generation of renewable energy are expected to positively affect the market growth. Rapid industrialization in the developing economies is further poising in the growth of the market.

Among the various regions, the market for glass cloth tapes in Asia Pacific is anticipated to grow at a significant rate owing to rapid industrialization since last few years. Furthermore, the increasing demand from construction industry and developing manufacturing segments in countries such as India and China are expected to help this market grow in this region.

Glass Cloth Tape Market: Overview

Glass cloth tapes are originally used in greenhouse paneling to allow the ultraviolet rays of the sun to filter out while allowing visible light rays. Visible light rays are the only electromagnetic rays, which allows us to see a particular object. These tapes are made up of glass cloth, a textile material. The fabric is usually woven with plain weave and may be customized with patterns or designs, depending on the requirement. The material used in the manufacture of glass cloth tapes is linen; however, many companies use cotton to manufacture these tapes. Glass cloth tapes are highly used in high-temperature sealing applications. These tapes are known for high durability and quality finishing. Glass cloth tapes are usually formulated with heat curing adhesives with high-temperature abrasion resistance. Therefore, they provide excellent temperature resistance, tearing resistance, and good adhesion properties. Based on the duration and type of the heat source, these tapes can withstand temperatures up to 550°F or more.

Glass Cloth Tape Market: Dynamics and Trends

The glass cloth tape market has been expanding at a rapid pace due to the increasing applications in the packaging industry. Rise in applications in the manufacturing sector due to its cost-effectiveness as compared to substitutes is also attributing to the market growth. Growth in innovations in the glass cloth tapes to provide more heat resistance and high mechanical strength is creating new avenues for the application of these tapes in heat evolving zones in various manufacturing industries. Brownfield project is an upgrade to the existing manufacturing facility, which might be upgraded for improved production, or due to any significant changes in the manufacturing processes. Due to rapid industrialization in the developing economies, the brownfield projects rose, and thereby increasing the demand for the partial barriers to the heat vents.

Glass Cloth Tape Market: Segmentation

Based on adhesive, the glass cloth tape market can be bifurcated into acrylic adhesives and silicone adhesives. The silicone adhesives segment is expected to account for major share of the market, due to its advantages over acrylic adhesives. Silicone adhesives are capable of maintaining the same adhesion at lower temperatures (0°C) and also above 100°C, while acrylic adhesives fail to provide proper adhesion at temperatures above 100°C.

In terms of application, the glass cloth tape market can be segmented into transformers, electrical coils, heat furnaces, heat resistant packaging, and others. The transformers and electrical coils segments are predicted to constitute key share of the market, owing to the increase in modifications in electricity generation units in developing economies in Asia Pacific.

Based on end-user industry, the glass cloth tape market can be segregated into electrical, semiconductor & electronics, packaging, construction, and others. Among these, the electrical segment is expected to lead the other segment during the forecast period. Rapid changes in electricity production and increase in use of glass cloth paper are driving the electrical segment.

Glass Cloth Tape Market: Regional Outlook

Asia Pacific is estimated to be one of the emerging regions due to the rapid industrialization since the last few years. Growth in the construction industry in the region is also driving the demand for glass cloth tapes. The increasing demand for glass cloth tape is increasing in the developing economies like China, and India due to the increasing upgrades to the existing manufacturing facilities. These projects require some partial barriers for the heat vents, and also a perfect insulators for the electric lines, in order to avoid accidents.

In developed economies such as North America, electrical insulation materials are needed for the modernization of electrical systems to prevent accidents. This is augmenting the need to use glass cloth tapes as electrical insulators. Increase in focus on the generation of renewable energy in developed economies of the region is also creating demand for glass cloth tapes. This is projected to drive the glass cloth tape market in North America in the next few years.

Glass Cloth Tape Market: Key Players

Prominent players operating in the global glass cloth tape market include 3M, Adhesive Specialities, Parafix Tapes & Conversions Ltd., Nitto Denko Corporation, and DuckSung Hitech Co. Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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