Industrial Tapes Market

Industrial Tapes Market Size, Share & Growth Rate (2019 - 2025)

According to the Research Report, the Global Industrial Tapes Market Size was, the market is estimated to reach USD XX Billion by 2025 and to grow at a CAGR of around XX% during the forecast period 2019-2025.

• Industrial tapes market is growing steadily from the past years and is projected to have the same growth rate in the forecast period. Industrial tapes are used to bind the objects permanently or to seal substrates to enhance the safety and stability of the product. These are used to make the product to have excellent strength and durability, which also improves the appearance of the product. Industrial tapes attach different components such as foams, wood, lighting fixtures, and others. These have superior properties like water resistance and heat resistance.
• Industrial tapes are having significant use in the construction industry as it is resistant to the ultraviolet rays and increases the life span of a product. They are eco-friendly materials and do not harm the environment. The filament tape is succeeded in dominating the revenue shares of the market. Polypropylene segment is the one ruling the shares of the market. The packaging industry is subjected to the highest growth rate.

Growth Drivers

The growing demand from the automobile industry for attaching heavy materials and spare parts effectively is a key driving factor for the market growth. The initial steps by the government are outshining the demand of the market.

Key Challenges

However, manufacturing cheap quality tapes for low cost are straightly declining the growth of the market. The increased competition between the market players has been a challenging factor.

Opportunities

The demand for appliances and compliances with the increasing industrial sectors is developing growth opportunities for the market. The advanced technology is making significant changes in launching the innovative end products, where the joints get hide to improve the appearance is creating a chance for the market.

Industrial Tapes Market is Segmented & Sub-Segmented into following types:

Industrial Tapes Market  - By Type

• Aluminum Tapes
• Duct Tapes
• Adhesive Transfer Tapes
• Filament Tapes

Industrial Tapes Market  - By End User

• Manufacturing
• Automotive
• Construction
• Logistics
• Electrical & Electronics
• Aerospace
• Others (Mineral, Oil & Gas, F&B)

Industrial Tapes Market  - By Backing Material

• Paper
• Cloth/Fabric
• Polymeric
• Metallic

Industrial Tapes Market  - By Region

• North America

  •    The U.S.
  •    Canada
  •    Mexico

• Europe

  •    Russia
  •    Germany
  •    UK
  •    France
  •    Rest of Europe

• Asia-Pacific (APAC)

  •    Australia
  •    Japan
  •    India
  •    China
  •    Rest of APAC

• Rest of the World

  •    South Africa
  •    Brazil

Regionally, the market is held by the Asia Pacific with increased support from the government and growing demand from the home appliances. North America and Europe are expected to have the highest shares of the market, owing to the adoption of advanced technology and the launch of various innovative types of products. The Asia Pacific rules the world market with the demand from home appliances.

Some of the Prominent Companies leading the Global Industrial Tapes Market Profiled in the Report are:

1. Eastman Chemical Company
2. Adhesive Applications
3. Von Roll Holding AG
4. Avery Dennison
5. Saint-Gobain SA
6. Henkel AG & Company KGaA
7. The Dow Chemical Company
8. Berry Plastics
9. Ashland Inc
10. Advanced Flexible Composites
11. Avery Dennison Corporation
12. Merck Group
13. Sika AG
14. Microseal Industries
15. H.B Fuller