Industrial Tape Market Research Report - Forecast to 2023
Global Industrial Tape Market: by Product Type (Duct Tapes, Filament Tapes, Aluminum Tapes, Adhesive Transfer Tapes), Tape Backing Material (Paper, Polypropylene, Polyvinyl Chloride), Application (Electrical and Electronic, Packaging, Masking,), End-User, and Region - Global Forecast to 2023
Global Industrial Tape Market: by Product Type (Duct Tapes, Filament Tapes, Aluminum Tapes, Adhesive Transfer Tapes), Tape Backing Material (Paper, Polypropylene, Polyvinyl Chloride), Application (Electrical and Electronic, Packaging, Masking,), End-User, and Region - Global Forecast to 2023
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<strong>Industrial</strong> <strong>Tape</strong> <strong>Market</strong> <strong>Research</strong> <strong>Report</strong> By<br />
<strong>Forecast</strong> To <strong>2023</strong><br />
Industry Survey, Growth, Competitive Landscape<br />
and <strong>Forecast</strong>s <strong>to</strong> <strong>2023</strong><br />
PREPARED BY<br />
<strong>Market</strong> <strong>Research</strong> Future<br />
(Part of Wantstats <strong>Research</strong> & Media Pvt. Ltd.)
<strong>Industrial</strong> <strong>Tape</strong> <strong>Market</strong> <strong>Research</strong> <strong>Report</strong> - <strong>Forecast</strong> <strong>to</strong> <strong>2023</strong><br />
Global <strong>Industrial</strong> <strong>Tape</strong> <strong>Market</strong>: by Product Type (Duct <strong>Tape</strong>s, Filament <strong>Tape</strong>s, Aluminum <strong>Tape</strong>s, Adhesive<br />
Transfer <strong>Tape</strong>s), <strong>Tape</strong> Backing Material (Paper, Polypropylene, Polyvinyl Chloride), Application (Electrical and<br />
Electronic, Packaging, Masking,), End-User, and Region - Global <strong>Forecast</strong> <strong>to</strong> <strong>2023</strong><br />
<strong>Industrial</strong> tapes are widely used in various industrial applications for binding. These tapes are also utilized for packaging,<br />
conducting, and masking purposes. Increasing demand from the packaging and construction industry is primarily driving the<br />
industrial tape market. The growing demand for industrial tape from the au<strong>to</strong>mobile industry is also augmenting the growth<br />
of the market further because industrial tapes are principally used in the vehicle assembly operations such as airbag cover<br />
attachment, trim panel attachment, and few other operations.<br />
<strong>Industrial</strong> tapes deliver a high level of adhesive strength as compared <strong>to</strong> ordinary tapes, which are utilized in everyday life<br />
operations. Heavy materials and spare parts can’t be attached <strong>to</strong> a standard tape as this equipment requires a high amount<br />
of adhesive bonding. <strong>Industrial</strong> tapes are widely utilized for adhering <strong>to</strong> various components such as lighting fixtures, foams,<br />
and cushions in the furniture sec<strong>to</strong>r. <strong>Industrial</strong> tapes are widely used in the construing industry for floor bonding, glass<br />
bonding, and concrete bonding. Moreover, industrial tapes have a wide application in the electronic components assembly,<br />
vehicle assembly, heating ventilation air conditioning (HVAC) operations, insulations, and packaging.<br />
The global <strong>Industrial</strong> <strong>Tape</strong> market is highly split among numerous international, regional, and local vendors. The<br />
competition among the manufacturers has recently intensified due <strong>to</strong> availability and introduction of innovative products in<br />
the market. Also, the competition among the manufacturers has increased in terms of portfolio and pricing. The global<br />
industrial tape market is expected <strong>to</strong> witness the high number of the expansion activities over the forecast period and is<br />
likely <strong>to</strong> closely follow by the launch of new products or new product development.<br />
Global <strong>Industrial</strong> <strong>Tape</strong> <strong>Market</strong> is Expected <strong>to</strong> Grow at a CAGR of ~6.5% during the forecast period, 2017-<strong>2023</strong>.<br />
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<strong>Industrial</strong> <strong>Tape</strong> <strong>Market</strong> <strong>Research</strong> <strong>Report</strong> - <strong>Forecast</strong> <strong>to</strong> <strong>2023</strong><br />
Global industrial tape market has been segmented based on product type, tape backing material, application, end-user, and<br />
region. Based on the product type, the market is segmented in<strong>to</strong> duct tapes, filament tapes, aluminum tapes, adhesive<br />
transfer tapes, and other. The duct tapes are anticipated <strong>to</strong> dominate the industrial tape market till <strong>2023</strong>. The high<br />
durability, water resistant nature, and high adhesive strength of the duct tape are driving the growth of this segment. Based<br />
on the tape backing material, the market is segmented in<strong>to</strong> paper, polypropylene, polyvinyl chloride, and others.<br />
Polypropylene dominated the market in 2016 and is anticipated <strong>to</strong> be the fastest-growing tape backing material segment for<br />
industrial tape. The demand for the polypropylene as in industrial tape is expected <strong>to</strong> continue as it is relatively inexpensive<br />
material and possesses high flexural strength coupled with a low coefficient of friction, which makes it as an ideal backing<br />
material for industrial tapes. Based on the application, the market is segmented in<strong>to</strong> electrical and electronic, packaging,<br />
masking, and others. Packaging dominated the product segment in 2016 and is expected <strong>to</strong> witness a phenomenal growth<br />
over the forecast period. The dominant position of the segment is due <strong>to</strong> the increasing demand for applications such as<br />
strapping and car<strong>to</strong>n strapping for large-scale packaging. Based on the end-user, the market is segmented in<strong>to</strong> electrical,<br />
construction, logistic, au<strong>to</strong>motive, and others. Au<strong>to</strong>motive segment dominated the largest market share in 2016 and is<br />
expected <strong>to</strong> grow at the highest CAGR over the forecast period. The dominant position in this segment is due <strong>to</strong> the large<br />
application of the industrial tape and advancement in the eco-friendly production of the tapes. Also, industrial tapes in the<br />
au<strong>to</strong>motive sec<strong>to</strong>r help <strong>to</strong> reduce the overall body weight of the vehicle and make the vehicle more reliable and safer <strong>to</strong><br />
drive.<br />
The global <strong>Industrial</strong> <strong>Tape</strong> market is highly split among numerous international, regional, and local vendors. The<br />
competition among the manufacturers has recently intensified due <strong>to</strong> availability and introduction of innovative products in<br />
the market. Also, the competition among the manufacturers has increased in terms of portfolio and pricing. The global<br />
industrial tape market is expected <strong>to</strong> witness the high number of the expansion activities over the forecast period and is<br />
likely <strong>to</strong> closely follow by the launch of new products or new product development.<br />
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<strong>Industrial</strong> <strong>Tape</strong> <strong>Market</strong> <strong>Forecast</strong> To <strong>2023</strong><br />
<strong>Industrial</strong> <strong>Tape</strong> <strong>Market</strong>-By Segment<br />
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<strong>Industrial</strong> <strong>Tape</strong> <strong>Market</strong> <strong>Forecast</strong> To <strong>2023</strong><br />
Global <strong>Industrial</strong> <strong>Tape</strong> <strong>Market</strong><br />
The global industrial tape market is majorly segmented in<strong>to</strong> North America, Europe, Asia Pacific and Rest of the World. Asia<br />
Pacific dominated the global market in 2016 and is anticipated <strong>to</strong> grow at the highest CAGR over the forecast period, 2017-<br />
<strong>2023</strong>. The demand for the industrial tape in this region is majorly driven by the growing urbanization and industrialization.<br />
The Asia Pacific has a huge electronics and au<strong>to</strong>mobile industry, which is further boosting the industrial tape market. The<br />
emerging economies in the Asia Pacific region, such as, China, India, Japan, South Korea and other South Asian countries,<br />
are currently witnessing exponential economic growth, which has raised the disposable income in these countries leading<br />
<strong>to</strong> increased spending power of the consumers. This has majorly created a vast scope for expansion of the industrial tape<br />
market in the Asia Pacific region.<br />
North America held the second largest share of the global market and was closely<br />
followed by Europe. These regions are continuously witnessing an exponential growth coupled with growing urbanization,<br />
industrialization, and rise in the manufacturing bases.<br />
Key Players<br />
Some of the key players in the global industrial tape market are The Dow Chemical Company (U.S.), Saint Gobain SA<br />
(France), 3M Company (U.S.), Henkel AG & Company, KGaA (Germany), Eastman Chemical Company (U.S.), Avery Dennison<br />
Corporation (U.S.), Ashland Inc. (U.S.), Sika AG (Switzerland), Pro <strong>Tape</strong>s & Specialties, Inc. (U.S.), Von Roll Holding AG<br />
(Switzerland), Scapa Group plc (U.K), Shurtape Technologies, LLC (U.S.), Sicad Group (Italy), and Advance <strong>Tape</strong>s International<br />
Ltd. (U.K)<br />
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