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Ongoing Industry Analysis Report Tracks the Forecasted Expansion of Flat Back Tape Market for 2017-2027 Period

03-26-2018 07:31 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

/ PR Agency: Future Market Insights
Ongoing Industry Analysis Report Tracks the Forecasted

Flat back tapes are made up of water resistant extensible flat back kraft paper which is coated with a temperature resistant, natural rubber adhesive. These tapes offer high tensile strength, good elongation, high holding power, low temperature performance and also provide a good quick stick for labelling and tagging. Flat back tapes are primarily used for holding, splicing or masking applications, where high tack adhesion is required. Flat back tape is stronger than other masking tapes and is also easier to apply as it does not require any dispenser. Further, it is easy to apply and remove these tapes from surfaces without leaving any residue due to its low tack adhesive properties and provides a quick positive seal even under different range of temperatures. Flat back tape are best suited for spiral wrap heat and flame protection of cables, hoses and harnesses.

Flat back tape market: Market Dynamics

The global flat back tape is expected to grow at a healthy CAGR over the forecast period. The increasing demand for the temperature resistant packaging clubbed with the increasing usage of these tapes in industrial goods market is expected to fuel the growth in the flat back tape market over the forecast period. The advantages associated with the flat back tapes like feasibility to handle high weight products, water and moisture resistant features etc. has also accelerated the growth in the flat back tape market. In addition, flat back tapes are best suited for transporting large cartons, and therefore it is a cost effective solution for manufacturers and brand owners to transport their products through large cartons than through multiple smaller cartons which further drives the demand in the flat back tape market. Additionally, flat back tapes are preferred over other conventional tapes and adhesives as these tapes can be applied without using a dispenser.

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Flat back tape market: Market Segmentation

The global flat back tape market is segmented on the basis of application, adhesive process, and adhesive type

Based on the application the global flat back tape market is segmented into:

Masking

Carton sealing

Warning

Bag sealing

Splicing

Binding

Others (tabbing etc.)

Based on the adhesive process the global flat back tape market is segmented into:

Hot Melt

Water activated

Pressure sensitive

Based on the adhesives type the global flat back tape market is segmented into:

Acrylic

Rubber

Flat back tape Market: Regional Outlook

Geographically, the global flat back tape market is divided into five regions North America, Latin America, Europe, Asia-Pacific (APAC) and the Middle East & Africa (MEA). Asia Pacific is expected to dominate the growth in the flat back tape market, primarily due to huge demand in developing economies like India and China and also because of lower manufacturing cost in these economies. The low manufacturing costs in developing countries are due to easy availability of raw materials and cheap labor. Further, North America and Europe are expected to witness an above average growth in the flat back tape market over the forecast period. Furthermore, these regions are expected to grow less aggressively in comparison to Asia Pacific, due to shift in production from developed economies to Asia Pacific. Latin America and MEA are expected to experience a moderate growth in the flat back tape market.

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Flat back Tape Market: Key players

Some of the key players in the global flat back tape market are Intertape Polymer Group, 3M Company, Industrial Tape & Supply Co, Can-Do National Tape, KRUSE ADHESIVE TAPE, Menard, Inc., Canadian Technical Tape Ltd. etc.

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.

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