Press release
Following Positive Cues, Industrial Tape Market To Reach 61.73 Bn By 2022 at 6.1% CAGR
Global Industrial Tape Market Information by Product Type (Duct Tapes, Filament Tapes, Aluminum Tapes, Adhesive Transfer Tapes & Other), by Tape Backing Material (Paper, Polypropylene, Polyvinyl Chloride & Others), by Application (Electrical And Electronic, Packaging, Masking, and Others), by End-User (Electrical, Construction, Logistic, Automotive and others) and by Region - Forecast to 2023
Market Scenario
Industrial tapes are used in various industrial operations mainly for the purpose of binding. These tapes are also used for conducting, masking and packaging purposes. Growing demand from packaging and construction industry is the primary driving factor of the industrial tape market. Growth of the automobile industry is also fueling the demand of industrial tapes. Industrial tapes are largely used in vehicle assembly operations such as trim panel attachment, airbag cover attachment. However, fluctuations in raw material prices may hamper the growth of industrial tape market.
Global Industrial Tape Market is projected to reach USD 61.73 billion by 2023, at a CAGR of 6.1% from 2017 to 2023.
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Industrial Tape Global Market – Segmentation
The Industrial Tape Market is segmented in to 5 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Product Type : Comprises Duct Tapes, Filament Tapes, Aluminum Tapes, Adhesive Transfer Tapes, Water Contact Indicator Tape and Other.
Segmentation By Tape Backing Material : Comprises Paper, Polypropylene, Polyvinyl Chloride and Others.
Segmentation By Application: Comprises Electrical And Electronic, Packaging, Masking, and Other.
Segmentation By End User: Comprises Electrical, Construction, Logistic, Automotive and others.
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Regional Analysis of Global Industrial Tape Market
Asia-Pacific dominates the global industrial tape market followed by North America. The demand of the industrial tape market is driven by the rapid growth in manufacturing sector as well as it is driven by an increase in disposable income among individuals with changing life style. This region is expected to grow at the fastest pace during the forecast period.
Key Players
The key players of global industrial tape market include The Dow Chemical Company (U.S.), Saint Gobain SA (France), 3M Company (U.S.), Henkel AG & Company, KGaA (Germany), Eastman Chemical Company (U.S.), Avery Dennison Corporation (U.S.), Ashland Inc. (U.S.), Sika AG (Switzerland), Pro Tapes & Specialties, Inc. (U.S.), and Von Roll Holding AG (Switzerland).
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Akash Anand,
Market Research Future
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Maharashtra, India
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