Industrial Tapes Market Growth to Hit USD 105.05 million at a CAGR 6.5%, Globally, by 2029 - DBMR
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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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