March 28, 2020
Industrial Tapes

Business opportunities in Industrial Tapes Market: Global Analysis

 The Industrial Tapes Market is projected to grow at a CAGR of 6.0% from 2017 to 2025.  

Market Insights

The global market for industrial tapes is experiencing significant momentum due to the increasing demand from end-users. End-users such as automotive, electronics and construction demand sophisticated bonding solutions with resistance in harsh environments, thus driving the global market for industrial tapes.

Increasing investment in construction in emerging economies such as Asia-Pacific, the Middle East, Africa and Latin America is expected to boost the market for industrial tapes. This is due to the demand on the part of professionals requiring essential qualities in the repair and plastering of buildings. Duct tapes, for example, are widely used for their tensile strength and support for multi-layer supports, while masking tapes are important for painting and decorative applications.

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Competitive Insights

The key players present in this market are tesa SE, 3M Company, Henkel AG & Company and Intertape Polymer Corp. among others. Strategic acquisitions and product launch are the major developments companies are focusing to increase their market share and product portfolio. For instance, in early 2017, Shurtape Technologies. LLC, the U.S. based pressure-sensitive tape manufacturer announced to acquire Syntac Coated Products, LLC, (U.S headquartered) to broaden its product portfolio for the North American market. Apart from these strategic developments, companies are also actively investing online platforms and search engine optimization (SEO) to create powerful impact of their product launch.

Key Trends

 Growth of end-user industries
 Increasing demand for high performance effective adhesive solutions
 Strategic acquisitions and product development for local demands

For the purpose of this study, the global industrial tapes market by product type is categorized into:

  • Aluminum Tapes
  • Duct Tapes
  • Adhesive Transfer Tapes
  • Filament Tapes
  • Others

For the purpose of this study, the global industrial tapes market by end use is categorized into:

  • Manufacturing
  • Automotive
  • Construction
  • Logistics
  • Electrical & Electronics
  • Others (aerospace, etc.)

For the purpose of this study, the global industrial tapes market by backing materials is categorized into:

  • Paper
  • Cloth/Fabric
  • Polymeric (PE, PP, PVC etc.)
  • Metallic (Aluminium, copper etc.)

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David Brown

David Brown

Experienced Market Research Analyst with a demonstrated history of working in the market research industry. Skilled in Secondary Market Research, Primary Market Research, Client Interfacing. - Identify, collect and organize data for use in research projects - Provide fundamental analysis for research projects - Review data to ensure its quality and integrity - Market estimates and forecast based on homegrown forecasting models - Identifying potential titles for syndicated research projects - Analyzing, estimating and forecasting various industry/market using various analysis tools and forecasting models - Conducting secondary research - Company profiling and analyzing competitive landscape - Report writing And Quality check

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