Global Duct Tapes Market, By Product (Removable Duct Tapes, Professional Grade Duct Tapes, Utility Duct Tapes, Specialized High Strength Duct Tapes), Adhesive (Natural Rubber based Adhesives, Synthetic Rubber based Adhesives), Thickness (15 mil), Backing (Plastic, Foil, Cloth), Application (Sealing, Repairing, Holding, Waterproofing, Coding, Strapping, Splicing, Others), End-User Industries (HVAC, Building & Construction, Shipping & Logistics, Automotive, Electrical & Electronics, DIY Activities), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Duct Tapes Market
The duct tapes market is expected to witness market growth at approximately 5.55% in the forecast period of 2021 to 2028. Data Bridge Market Research report on the duct tapes market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in demand for the product for various industrial applications globally is escalating the growth of duct tapes market.
Duct tapes refer to the type of tapes that are utilized for color-coding, sealing, repairing, holding, strapping, water-proofing, and splicing, and are pressure sensitive tapes having high tracking capacities. The tack adhesion and the material of the duct tapes tend to form its grade and end-user industry.
The rise in the demand packaging and construction industry across the globe acts as one of the major factors driving the growth of duct tapes market. The high utilization of duct tapes in a variety of industrial functions and home improvement, and use in the vehicle assembly operations such as airbag cover attachment, and small panel attachment, among others, accelerate the market growth. The rise in inclination towards duct tapes owning to their properties such as excellent holding power, durability and removal properties, specialized high strength and professional grade, and high export of electronic goods further influence the market. Additionally, urbanization and industrialization, increase in repairing and strapping, and rise in demand for vinyl and polyethylene positively affect the duct tapes market. Furthermore, increase in of customized duct tapes extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, concerns regarding inefficiency in extreme conditions and leakages through duct tapes resulting in-home energy waste are expected to obstruct the market growth. The negative impact of COVID-19 on various industries is projected to challenge the duct tapes market in the forecast period of 2021-2028.
This duct 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, geographical expansions, technological innovations in the market. To gain more info on duct tape market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Duct Tapes Market Scope and Market Size
The duct tapes market is segmented on the basis of product, adhesive, thickness, backing, application, and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the other growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the duct tapes market is segmented into removable duct tapes, professional grade duct tapes, utility duct tapes, and specialized high strength duct tapes.
- On the basis of adhesive, the duct tapes market is segmented into natural rubber based adhesives, and synthetic rubber based adhesives.
- On the basis of thickness, the duct tapes market is segmented into <10 mil, 10 to 15 mil, and >15 mil.
- On the basis of backing, the duct tapes market is segmented into plastic, foil and cloth.
- On the basis of application, the duct tapes market is segmented into sealing, repairing, holding, waterproofing, coding, strapping, splicing, and others.
- On the basis of end-user industries, the duct tapes market is segmented into HVAC, building & construction, shipping & logistics, automotive, electrical & electronics, And DIY activities.
Global Duct Tapes Market Country Level Analysis
The duct tapes market is analyzed, and market size, volume information is provided by country, product, adhesive, thickness, backing, application, and end-user as referenced above.
Countries covered in the global duct 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 Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the duct tapes market due to the rise in disposable income in the developing regions and rapid economic growth within the region. Europe is expected to witness the fastest growth during the forecast period of 2021 to 2028 because of the rise in the manufacturing bases and growing urbanization in the region.
The country section of the duct tapes market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Duct Tapes Market Share Analysis
The duct 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 duct tapes market.
The major players covered in the duct tapes market report are Scapa Group plc, Ajit Industries Pvt. Ltd., Ritu Raj, ADH TAPE, Advance Tapes International, globetape, CS Hyde Company, International Plastics Inc., MBK Tape Solutions, NADCO Tapes & Labels, Inc., 3M, Lixin Adhesive Technology (Shanghai) Co., Ltd., PPM Industries SpA., Beijing Yanuo Adhesive Products Co.,Ltd, ABLE123, Pro Tapes & Specialties, Inc, Infinity Tapes., and Western Container Corporation, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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