Industrial Tapes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

Industrial Tapes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

  • June 2019 •
  • 105 pages •
  • Report ID: 5783235 •
  • Format: PDF
The global industrial tapes market reached a value of US$ 54.1 Billion in 2018. Industrial tapes are made using a sticky chemical film and backing material and are used for various industrial functions such as adhesive bonding, masking, packaging, wrapping and electrical sealing. They offer high adhesive strength as compared to standard tapes and can also be used to bond heavy materials such as concrete, glass, wood, rubber and metal. These tapes come in adhesive, non-adhesive and special-purpose variants. While adhesive industrial tapes are widely utilized for binding various products, the non-adhesive and special-purpose variants of these tapes are used for specific applications such as thread sealing, electrical insulation, welding, thermal protection and friction reduction.

The extensive usage of industrial tapes in packaging, automotive, medical and construction sectors, owing to various favorable properties such as water/shock resistance and high peel and tensile strength, is the key factor driving the global market. These tapes serve as a light-weight alternative to mechanical fasteners such as bolts and screws, while enhancing the aesthetic appeal of a product and covering any visible joints and attachments. Furthermore, owing to their shock and water-resistant properties, they are widely utilized in the manufacturing of electrical equipment. Furthermore, government policies are encouraging the production of zero-residue, eco-friendly and bio-degradable tapes with the aim to reduce carbon emissions. Additionally, manufacturers are increasingly opting for industrial tapes made with materials such as natural rubber and acrylic which are less harmful to the environment, thus further accelerating the market growth. Looking forward, the analyst expects the market to reach a value of US$ 73.3 Billion by 2024, registering a CAGR of around 5% during 2019-2024.

Report Coverage:
Historical, Current and Future Market Trends

Market Breakup by Product Type:
Filament Tapes
Aluminum Tapes
Duct Tapes
Adhesive Transfer Tapes
Others

Market Breakup by Tape Backing Material:
Polypropylene
Paper
Polyvinyl Chloride
Others

Market Breakup by Application:
Packaging Application
Masking and Protective Application
Electrical and Electronic Application
Specialized Application
Others

Market Breakup by End-User:
Manufacturing Industry
Automotive Industry
Construction Industry
Logistics Industry
Electrical Industry
Others

Market Breakup by Mode of Application:
Pressure Sensitive Application
Solvent Based Application
Hot Melt-Based Application
Acrylic Based Application

Market Breakup by Region:
Asia Pacific
North America
Europe
Middle East and Africa
Latin America

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Avery Dennison Corporation, H.B Fuller Company, Henkel AG & Company KGaA, Ashland Inc., Sika AG, Saint Gobain SA, Eastman Chemical Company, The DOW Chemical Company, VON Roll Holding AG, The 3M Company, etc.

Key Questions Answered in This Report:
How has the global industrial tapes market performed so far and how will it perform in the coming years?
What are the key regional markets in the global industrial tapes industry?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the tape backing material?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end-user?
What is the breakup of the market based on the mode of application?
What are the various stages in the value chain of the global industrial tapes industry?
What are the key driving factors and challenges in the global industrial tapes industry?
What is the structure of the global industrial tapes industry and who are the key players?
What is the degree of competition in the global industrial tapes industry?
What are the profit margins in the global industrial tapes industry?