Industry Overview:
The latest report by IMARC Group, titled “Industrial Tapes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the Industrial Tapes Market Report. The report also includes competitor and regional analysis, and contemporary advancements in the market.The global industrial tapes market size reached US$ 65.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 97.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.59% during 2023-2028.
- Industrial tapes are employed in various industrial processes for stickering and binding purposes. They are manufactured from a sticky chemical film and backing material and are used for numerous functions, such as adhesive masking, wrapping, electrical sealing, packaging, and bonding.
- They contribute a high level of adhesive strength compared to standard tapes and are utilized to bond heavy materials, including glass, rubber, metal, concrete, and wood.
- They are also used for attaching multiple components together, such as cushions, foams, and lighting fixtures.
- They are widely available in non-adhesive, adhesive, and special-purpose variants, wherein the adhesive industrial tapes effectively bind various products, and non-adhesive and special-purpose variants are employed for specific industrial applications.
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Industry Demand:
The escalating product demand from various industrial sectors majorly drives the global market. This can be supported by the increasing utilization of industrial tapes across automotive, construction, packaging, and medical sectors due to their several properties, such as high tensile strength and water and shock resistance. Along with this, the rising adoption of industrial tapes as a lightweight alternative to mechanical fasteners, including screws and bolts that also aid in improving the aesthetic appeal of a product and covering any attachments and joints, is significantly supporting the market. Apart from this, numerous leading players are focusing on the production of eco-friendly, bio-degradable, and zero-residue tapes to decrease the carbon emission effect. For instance, manufacturers are increasingly using natural acrylic and rubber for producing industrial tapes, which is creating a positive market outlook.
Competitive Landscape with Key Players:
- Avery Dennison Corporation
- B Fuller Company
- Henkel AG & Company KGaA
- Ashland Inc.
- Sika AG
- Saint Gobain SA
- Eastman Chemical Company
- The DOW Chemical Company
- VON Roll Holding AG
- The 3M Company
The report has also analysed the competitive landscape of the market with some of the key players being Avery Dennison Corporation, H.B Fuller Company, Henkel AG & Company KGaA, Ashland Inc., Sika AG, Saint Gobain SA, Eastman Chemical Company, The DOW Chemical Company, VON Roll Holding AG, The 3M Company, etc.
Key Market Segmentation:
Our report has categorized the market based on product type, tape backing material, application, end-user and mode of application.
Product Type:
- Filament Tapes
- Aluminum Tapes
- Duct Tapes
- Adhesive Transfer Tapes
- Others
Tape Backing Material:
- Polypropylene
- Paper
- Polyvinyl Chloride
- Others
Application:
- Packaging Application
- Masking and Protective Application
- Electrical and Electronic Application
- Specialized Application
- Others
End-User:
- Manufacturing Industry
- Automotive Industry
- Construction Industry
- Logistics Industry
- Electrical Industry
- Others
Mode of Application:
- Pressure Sensitive Application
- Solvent Based Application
- Hot Melt-Based Application
- Acrylic Based Application
Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: We are updating our reports, If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Product Type, Tape Backing Material, Application, End-User, Mode of Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Companies Covered | Avery Dennison Corporation, H.B Fuller Company, Henkel AG & Company KGaA, Ashland Inc., Sika AG, Saint Gobain SA, Eastman Chemical Company, The DOW Chemical Company, VON Roll Holding AG and The 3M Company |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report
1. What was the size of the global industrial tapes market in 2022?
2. What is the expected growth rate of the global industrial tapes market during 2023-2028?
3. What are the key factors driving the global industrial tapes market?
4. What has been the impact of COVID-19 on the global industrial tapes market?
5. What is the breakup of the global industrial tapes market based on product type?
6. What is the breakup of the global industrial tapes market based on the tape backing material?
7. What is the breakup of the global industrial tapes market based on the end-user?
8. What are the key regions in the global industrial tapes market?
9. Who are the key players/companies in the global industrial tapes market?
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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