Global Industrial Tapes Market, By Product Type (Filament tapes, Aluminium tapes, Adhesive Transfer Tapes, Duct Tapes, Others), Application (Packaging Application, Specialized Application, Others), Mode of Application (Pressure Sensitive Application, Solvent Based Application, Hot Melt Based Application, Acrylic Based Application), Tape Backing Material (Polypropylene, Paper, Polyvinyl chloride, Others), End User (Manufacturing Industry, Automotive Industry, Construction Industry, Logistics Industry, Electrical Industry, Others)-Industry Trends and Forecast to 2029
Global Industrial Tapes Market Analysis and Size
Industrial tapes are widely utilised in heavy machinery as well as packaging and masking industries. These tapes are employed because they have a strong adhesive bonding strength and can resist more pressure than regular tapes. These tapes are both water and shock resistant, and they provide better insulation than standard tapes.
“Duct tapes” accounts for the largest product type segment in the industrial tapes market because duct tape has a long lifespan, is weather resistant, and has a strong adhesive strength. Data Bridge Market Research analyses that the industrial tapes market was valued at USD 63.47 million in 2021 and is further estimated to reach USD 105.05 million by 2029 and is expected to grow at a CAGR of 6.5% during the forecast period of 2022 to 2029.
Restraints/Challenges Global Industrial Tapes Market
On the other hand, the capital-intensive business is projected to impede the growth of the industrial tapes market in the targeted period. However, the technological development which might further challenge the growth of the industrial tapes market in the near future.
This industrial tapes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the industrial tapes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Industrial Tapes Market
The pandemic of COVID-19 has had a huge impact on the industrial tapes market. COVID-19 has had a major economic influence on a number of financial and industrial sectors, including travel and tourism, manufacturing, and aviation. Economic activity is diminishing as a result of an increasing number of countries implementing and prolonging lockdowns, which has an influence on the global economy. Despite this, the industrial tapes industry has seen considerable growth potential.
- In April 2021, Dow, a worldwide materials science leader, and Mura Technology, a global pioneer of an innovative plastic recycling technology, have announced a collaboration to help keep plastic waste out of the environment.
The industrial tapes market is segmented on the basis of product type, application, mode of application, tape backing material and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Filament tapes
- Aluminium tapes
- Adhesive Transfer Tapes
- Duct Tapes
On the basis of product type, the industrial tapes market is segmented into packaging application, specialized application and others. Packaging application has been further sub segmented into masking/protective application and electrical and electronic application. Others has been further sub segmented into decorative tapes, splicing tapes, and damping tapes.
- Packaging Application
- Specialized Application
On the basis of application, the aluminum foil market is segmented into packaging application, specialized application and others. Packaging application has been further sub segmented into masking/protective application and electrical and electronic application. Others has been further sub segmented into decorative tapes, splicing tapes, and damping tapes.
Mode of Application
- Pressure Sensitive Application
- Solvent Based Application
- Hot Melt Based Application
- Acrylic Based Application
On the basis of mode of application, the industrial tapes market is segmented into pressure sensitive application, solvent based application, hot melt based application and acrylic based application.
Industrial Tapes Market Regional Analysis/Insights
The industrial tapes market is analysed and market size insights and trends are provided by country, product type, application, mode of application, tape backing material and end user as referenced above.
The countries covered in the industrial tapes market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, rest of the Middle East and Africa (M.E.A.) as a part of the Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the industrial tapes market due to the rise in the development in the huge automobile and electronics industry. Furthermore, the growing industrialization will further boost the growth of the industrial tapes market in the region during the forecast period.
North America is projected to observe significant amount of growth in the industrial tapes market during the forecast period of 2022 to 2029 due to the rise in the adoption of advanced material technology.
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Competitive Landscape and Industrial Tapes Market Share Analysis
The industrial tapes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to industrial tapes market.
Some of the major players operating in the industrial tapes market are:
- Dow (US)
- 3M (US)
- Henkel AG (Germany)
- Eastman Chemical Company or its subsidiaries. (US)
- AVERY DENNISON CORPORATION (US)
- Ashland (US)
- H.B. Fuller Company. (US)
- Von Roll Holding AG (Germany)
- tesa Tapes (India) Private Limited (India)
- Intertape Polymer Group (Canada)
- Muparo AG (Switzerland)
- PPM Industries, Inc. (UK)
- Adhesive Applications (US)
- Berry Global Inc. (US)
- Merck KGaA (Germany)
- Microseal Industries Inc. (US)
- Essentra Specialty Tapes (US)
- FLEXcon Company Inc. (US)
- Lamart Corp (US)
- Shurtape Technologies, LLC (US)
- PARKER HANNIFIN CORP (US)
- Necal Corporation (US)
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Major TOC of the Report
2 MARKET SEGMENTATION
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
6 IMPACT OF COVID-19 ON THE GLOBAL INDUSTRIAL TAPES MARKET
7 GLOBAL INDUSTRIAL TAPES MARKET, BY INDUSTRY TYPE
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