Global Industrial Tapes Market Share Is Likely To Grow At A CAGR Value Of Around 5.2% By 2028

25-Apr-2022 | Facts and Factors

The global industrial tapes market was worth around USD 10,172.70 million in 2021 and is estimated to grow to about USD 13,788.9 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.2% over the forecast period. The report analyzes the industrial tapes market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the industrial tapes market.

Industrial tapes are highly popular in industrial applications as they provide perfect durable adhesion in the adverse conditions of an industrial landscape. These industrial tapes are immune to reaction with chemicals, have high-temperature resistance, high adhesion quality, etc, and have now become a staple in the industries of packaging and consumer electronics especially.  

Browse the full “Industrial Tapes Market By Product Type (Filament Tapes, Aluminium Tapes, Duct Tapes, Adhesive Transfer Tapes, Others (Single-sided and Double-sided)), By Material (Polypropylene, Paper, Polyvinyl Chloride, Other Tape Backing Materials (Foam, Fiberglass, Fabrics, Glass Cloth, Reinforced Epoxy, Polyester, PEN, Polyimide, PTFE, and Medical Grade Cloth)), By End- user (Manufacturing Industry, Automotive Industry, Construction Industry, Logistics Industry, Electrical Industry, Others (Aerospace and Electronics)), By Application (Packaging Application, Masking/Protective Application, Electrical and Electronic Application, Specialized Application, Others (Decorative Tapes, Splicing Tapes, and Damping Tapes), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecast 2022–2028" report at https://www.fnfresearch.com/industrial-tapes-market

Rising industrialization on a global scale is a major factor driving the industrial tapes market growth over the forecast period. The increasing use of industrial tapes in multiple industrial applications is anticipated to primarily drive the industrial tapes market potential through 2028.

The establishment of new industries in emerging economies owing to rapid industrialization will also favor the industrial tapes market growth in the long run. However stringent mandates against the use of harmful and toxic chemicals in the manufacturing of these tapes are expected to be a major restraining factor in the global industrial tapes market landscape in the long run.

Industrial tapes companies are focusing on building a product portfolio that is compliant with sustainability norms of industries and hence trying to maximize their business outlook to further bolster their business models and revenue generation potential.

The pandemic of 2020 resulted in the shutdown of the industrial sector and hence had an adverse impact on the global industrial tapes market growth. The closed industrial activity caused industrial tapes companies to lose their sales and hence incurred huge losses in revenue and downtime of manufacturing facilities also led to the closure of multiple company divisions due to no operational finance.

The industrial tapes market is expected to see good growth in the post-pandemic era as industrial activity resumes and we see a hike in demand from resumed industrial procedures. The industrial tape companies are expected to boost manufacturing capacity to meet the high demand and recover the losses that were incurred in the pandemic of 2020.

The global industrial tapes market is segregated based on product type, material, application, end-user, and region. Based on material, the global market is distinguished into Polypropylene, Paper, Polyvinyl chloride, Other tape backing materials (foam, fiberglass, fabrics, glass cloth, reinforced epoxy, polyester, PEN, polyimide, PTFE, and medical grade cloth). The paper tapes segment is anticipated to be the most dominant one in the global industrial tapes market landscape. This segment will be driven by the characteristics of this tape to provide better heat insulation and temperature resistance than other materials.

Asia Pacific region owing to the high industrial activity will be the most lucrative market for industrial tapes over the forecast period. The industrial tapes market is projected to see high demand due to rapid industrialization in this region through 2028. Emerging economies of India and China are expected to lead the industrial tapes market potential owing to increasing investments in the industrial sector by the government to boost product and manufacturing capabilities.

Report Scope

Key players functioning in the global industrial tapes market include Dow Chemical Company (U.S.), Saint Gobain SA (France), 3M (U.S.), Henkel AG & Company, KGaA (Germany), Eastman Chemical Company (U.S.), Avery Dennison Corporation (U.S.), Ashland Inc. (U.S.), Sika AG (Switzerland), H.B Fuller (U.S.), and Von Roll Holding AG (Switzerland).

Recent developments:

• In October 2020, Dow a leading name in the chemical and industrial sector announced the launch of its first digital waste platform that is expected to recycle plastic and conserve the environment by reducing waste in landfills. The platform is launched in the Asia Pacific region and will digitally connect components such as waste aggregators and waste processors to effectively manage the system.

The global industrial tapes market is segmented as follows:

By Product Type

• Filament Tapes
• Aluminum Tapes
• Duct Tapes
• Adhesive Transfer Tapes
• Others (Single-sided and Double-sided)

By End-User

• Manufacturing Industry
• Automotive Industry
• Construction Industry
• Logistics Industry
• Electrical Industry
• Others (Aerospace and Electronics)

By Material

• Polypropylene
• Paper
• Polyvinyl Chloride
• Other Tape Backing Materials (Foam, Fiberglass, Fabrics, Glass Cloth, Reinforced Epoxy, Polyester, PEN, Polyimide, PTFE, and Medical Grade Cloth)

By Application

• Packaging Application
• Masking/Protective Application
• Electrical and Electronic Application
• Specialized Application
• Others (Decorative Tapes, Splicing Tapes, and Damping Tapes)

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Reunion
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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