Research report covers the Duct Tapes Market share and Growth, 2017-2027

Duct tapes are a type of pressure sensitive tapes. Duct tapes have high tacking property and are commonly used for sealing, holding, repairing, waterproofing and colour-coding. On the backdrop of their high tacking capabilities, duct tapes are used for sealing and marking purposes in automotive, building and construction, electrical & electronics and general industrial activities. With the use of duct tapes, manufacturers are able to seal heavy duty box sealing, bundling and wrapping. Apart from specialised and industrial applications, duct tapes are also used in common household DIY activities such as strapping or repairing the broken parts of tools and other items. Some other common uses of duct tapes include securing carpets and padding and protective sheeting for the hotel industry.

The backing material and tack adhesion defines the grade and end use of duct tapes. Metal foil, cloth and plastic are used as duct tape backing material. Polyethylene and vinyl backed duct tapes are famous for light indoor and outdoor DIY applications. However, duct tapes are used as a temporary solution and are inefficient for high temperature applications, and this factor limits the growth in its market. Duct tapes are also efficient for packaging of goods due to their low tack adhesion on cardboard and difficult contours, which further narrows down its area of application. A burgeoning building and construction sector in many parts of the world is expected to escalate the growth in use of duct tapes over the forecast period. Duct tapes have become a preferred option for many household and industrial operations instead of mastic fluids due to the ease in application.

Get an exclusive sample of this report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-2641

Market Value and Volume Forecast

With the increase in number of building and construction activities the demand for duct tapes is poised to increase.

The global duct tape market has been estimated to be valued at US$ 3,745.3 Mn by 2017 end and is expected to expand at a 5.3% CAGR, during the forecast period (2017–2027).

While the volume for duct tape market has been estimated to be 2,182 Mn Sq.m by 2017 and is expected to grow at 5.1% CAGR, during the forecast period (2017-2027).

Browse Research Report @
https://www.futuremarketinsights.com/reports/duct-tape-market

Market Dynamics

Growing use of duct tapes in the building and construction, electronics and automotive industries is leading to an increase in the demand for duct tapes globally. Increased use of duct tapes for indoor DIY applications for repairing tools and other articles is supporting the growth in revenue of the duct tapes market. Improvement in performance of duct tapes with advanced adhesive technology allows duct tape manufacturers to adhere to market demands with different materials for longer duration. Moreover, presence of a large consumer base in Asia and North America and ease of application of duct tapes can lay new paths of opportunities in the global duct tapes market. However, the presence of substitute products such as mastic fluids and other fibre tapes can hamper the growth of the global duct tapes market to some extent.

About FMI

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

Contact FMI

3rd Floor, 207 Regent Street,
London W1B 3HH
United Kingdom

T: + 44 (0) 20 7692 8790
D: +44 (0) 20 3287 4268
Email:sales@futuremarketinsights.com

This release was published on openPR.