Global Industrial Tapes Market Segmentation, By Product Type (Filament tapes, Aluminium tapes, Adhesive Transfer Tapes, Duct Tapes, Others), Application (Packaging Application, Specialized Application, Others), Mode of Application (Pressure Sensitive Application, Solvent Based Application, Hot Melt Based Application, Acrylic Based Application), Tape Backing Material (Polypropylene, Paper, Polyvinyl chloride, Others), End User (Manufacturing Industry, Automotive Industry, Construction Industry, Logistics Industry, Electrical Industry, Others)-Industry Trends and Forecast to 2031.
Industrial Tapes Market Analysis
Industrial tapes are widely utilised in heavy machinery as well as packaging and masking industries. These tapes are employed because they have a strong adhesive bonding strength and can resist more pressure than regular tapes. These tapes are both water and shock resistant, and they provide better insulation than standard tapes.
Industrial Tapes Market Size
Global industrial tapes market size was valued at USD 71.99 million in 2023 and is projected to reach USD 119.14 million by 2031, with a CAGR of 6.50% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes
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Industrial Tapes Key Market Insights
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Segmentation
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Countries Covered
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U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA)
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Key Market Players
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Dow (US), 3M (US), Henkel AG (Germany), Eastman Chemical Company or its subsidiaries. (US), AVERY DENNISON CORPORATION (US), Ashland (US), H.B. Fuller Company. (US), Von Roll Holding AG (Germany), tesa Tapes (India) Private Limited (India), Intertape Polymer Group (Canada), Muparo AG (Switzerland), PPM Industries, Inc. (UK), Adhesive Applications (US), Berry Global Inc. (US), Merck KGaA (Germany), Microseal Industries Inc. (US), Essentra Specialty Tapes (US), FLEXcon Company Inc. (US), Lamart Corp (US), Shurtape Technologies, LLC (US), PARKER HANNIFIN CORP (US) and Necal Corporation (US).
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Market Opportunities
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Industrial Tapes Market Definition
Industrial tapes are used in a variety of industries for binding purposes. In comparison to ordinary tapes, industrial tapes have a high level of adhesive strength. Adhesive bonding is required for heavy materials and spare parts. Multiple components, such as foams, cushions, and lighting fixtures, are attached with industrial tapes.
Industrial Tapes Market Dynamics
Drivers
Major factors that are expected to boost the growth of the industrial tapes market in the forecast period are as follows:
- Rise in the Government Relief Packages
Packaging, masking, consumer and office, electrical and electronics, healthcare, automotive, white goods, paper and printing, building and construction, retail, and other end use industries employ adhesive tapes. The market is likely to be driven by the growing number of applications for sticky tapes.
- Government Research and Development
The increase in research and development activities for technologically superior solvent-free, ecologically friendly goods is a major driver driving market expansion.
- Rising Innovative Taping Solutions
Industrial tapes have become one of the most widely used solutions for a variety of applications due to the growing demand for novel taping solutions with high strength and resistance to temperature changes and harmful chemicals will further accelerate the market growth.
Opportunities
In addition, the rise in the industry is further estimated to provide potential opportunities for the growth of the industrial tapes market in the coming years.
Restraints/Challenges
On the other hand, the capital-intensive business is projected to impede the growth of the industrial tapes market in the targeted period. However, the technological development which might further challenge the growth of the industrial tapes market in the near future.
This industrial 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, geographic expansions, technological innovations in the market. To gain more info on the industrial tapes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Industrial Tapes Market
The pandemic of COVID-19 has had a huge impact on the industrial tapes market. COVID-19 has had a major economic influence on a number of financial and industrial sectors, including travel and tourism, manufacturing, and aviation. Economic activity is diminishing as a result of an increasing number of countries implementing and prolonging lockdowns, which has an influence on the global economy. Despite this, the industrial tapes industry has seen considerable growth potential.
Industrial Tapes Market Scope
The industrial tapes market is segmented on the basis of product type, application, mode of application, tape backing material and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Filament tapes
- Aluminium tapes
- Adhesive Transfer Tapes
- Duct Tapes
- Others
Application
- Packaging Application
- Specialized Application
- Others
Mode of Application
- Pressure Sensitive Application
- Solvent Based Application
- Hot Melt Based Application
- Acrylic Based Application
Tape Backing Material
- Polypropylene
- Paper
- Polyvinyl chloride
- Others
End User
- Manufacturing Industry
- Automotive Industry
- Construction Industry
- Logistics Industry
- Electrical Industry
- Others
Industrial Tapes Market Regional Analysis
The industrial tapes market is analysed and market size insights and trends are provided by country, product type, application, mode of application, tape backing material and end user as referenced above.
The countries covered in the industrial 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 the Middle East and Africa (M.E.A.) as a part of the Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the industrial tapes market due to the rise in the development in the huge automobile and electronics industry. Furthermore, the growing industrialization will further boost the growth of the industrial tapes market in the region during the forecast period.
North America is projected to observe significant amount of growth in the industrial tapes market during the forecast period of 2024 to 2031 due to the rise in the adoption of advanced material technology.
The country section of the 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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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.
Industrial Tapes Market Share
The industrial 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 industrial tapes market.
Industrial Tapes Market Leaders Operating in the Market Are:
- Dow (US)
- 3M (US)
- Henkel AG (Germany)
- Eastman Chemical Company or its subsidiaries. (US)
- AVERY DENNISON CORPORATION (US)
- Ashland (US)
- H.B. Fuller Company. (US)
- Von Roll Holding AG (Germany)
- tesa Tapes (India) Private Limited (India)
- Intertape Polymer Group (Canada)
- Muparo AG (Switzerland)
- PPM Industries, Inc. (UK)
- Adhesive Applications (US)
- Berry Global Inc. (US)
- Merck KGaA (Germany)
- Microseal Industries Inc. (US)
- Essentra Specialty Tapes (US)
- FLEXcon Company Inc. (US)
- Lamart Corp (US)
- Shurtape Technologies, LLC (US)
- PARKER HANNIFIN CORP (US)
- Necal Corporation (US)
Latest Developments in Industrial Tapes Market
- In April 2021, Dow, a worldwide materials science leader, and Mura Technology, a global pioneer of an innovative plastic recycling technology, have announced a collaboration to help keep plastic waste out of the environment.
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