The global industrial tapes market reached a value of US$ 59.6 Billion in 2020. 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 global industrial tapes market to exhibit moderate growth during the next five years.
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 has been the impact of COVID-19 on 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?
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By Infiniti Research Limited
• Sep 2019
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