With team players of multi-lingual analysts and project managers who are skilled to serve clients on every strategic aspect including product development, key areas of development, application modelling, use of technologies, the acquisition strategies, exploring niche growth opportunities and new markets, this report has been produced. The reliable Industrial Tapes Market report focuses on major driving factors of the market and the market restraints which generally causes inhibition. Market definition studies the market drivers and market restraints with which businesses can get idea of whether to increase or decrease the production of a particular product.
Moreover, intricate market insights are turned into simpler version with the help of proven tools and techniques and then provided to the end users. An influential Industrial Tapes Market research report identifies and analyses the emerging trends along with major drivers, inhibitors, challenges and opportunities in the market. The report assesses the potential market for a new product to be introduced in the market. It helps to find out general market conditions and tendencies. The research studies entailed in the winning Industrial Tapes Market report helps to estimate several important aspects that includes but are not limited to investment in a rising market, success of a new product, and expansion of market share.
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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.
“Duct tapes” accounts for the largest product type segment in the industrial tapes market because duct tape has a long lifespan, is weather resistant, and has a strong adhesive strength. Data Bridge Market Research analyses that the industrial tapes market was valued at USD 63.47 million in 2021 and is further estimated to reach USD 105.05 million by 2029 and is expected to grow at a CAGR of 6.5% during the forecast period of 2022 to 2029.
Global 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.
Some of the major players operating in the industrial tapes 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)
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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.
Global Industrial Tapes Market Scope and Market Size
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
On the basis of product type, the industrial tapes market is segmented into packaging application, specialized application and others. Packaging application has been further sub segmented into masking/protective application and electrical and electronic application. Others has been further sub segmented into decorative tapes, splicing tapes, and damping tapes.
Application
- Packaging Application
- Specialized Application
- Others
On the basis of application, the aluminum foil market is segmented into packaging application, specialized application and others. Packaging application has been further sub segmented into masking/protective application and electrical and electronic application. Others has been further sub segmented into decorative tapes, splicing tapes, and damping tapes.
Mode of Application
- Pressure Sensitive Application
- Solvent Based Application
- Hot Melt Based Application
- Acrylic Based Application
On the basis of mode of application, the industrial tapes market is segmented into pressure sensitive application, solvent based application, hot melt based application and acrylic based application.
Tape Backing Material
- Polypropylene
- Paper
- Polyvinyl chloride
- Others
On the basis of tape backing material, the industrial tapes market is segmented into polypropylene, paper, polyvinyl chloride and others.
End User
- Manufacturing Industry
- Automotive Industry
- Construction Industry
- Logistics Industry
- Electrical Industry
- Others
On the basis of end user, the industrial tapes market is segmented into manufacturing industry, automotive industry, construction industry, logistics industry, electrical industry and others. Others has been further sub segmented into aerospace and electronics.
The report encompasses a wide range of insightful pointers, providing you with a comprehensive understanding of the Industrial Tapes Market. Here is a more informative breakdown of the key areas covered:
Market Penetration Analysis: Gain a comprehensive understanding of the top players in the Industrial Tapes Market by exploring their product portfolios in detail. This analysis provides valuable insights into the range of products offered by these industry leaders, enabling you to assess their market presence and competitive advantages.
Product Development and Innovation Insights: Stay abreast of the latest advancements in the Industrial Tapes Market through detailed insights on upcoming technologies, research and development (R&D) activities, and product launches. This information allows you to identify innovative solutions, assess market trends, and anticipate the direction of the industry.
Competitive Assessment: Delve deep into the strategies employed by the leading players in the Industrial Tapes Market, evaluating their geographic presence and business segments. This assessment offers a comprehensive understanding of the competitive landscape, enabling you to benchmark your own strategies against industry leaders and identify areas for improvement.
Complete Report Details with Facts and Figures along respective Images and Graphs (TOC) https://www.databridgemarketresearch.com/toc/?dbmr=global-industrial-tapes-market
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