Industrial tapes are adhesive tapes, used for variety of industrial applications such as bundling, masking, surface protection etc. The global industrial tapes market is anticipated to register robust growth owing to the fast pace expansion of end user industries. For instance, the automotive industry is experiencing stringent demand for eco-friendly and high performance adhesive tapes, resulting in driving the global industrial tapes market. However, the macroeconomic factors and geopolitical risks across the regions have their equal impacts on the industrial tapes market. For instance, Europe’s industrial tapes market is governed by the positive macro-economic factors from countries such as Germany, France, Italy and Spain. According to the OECD economic outlook, solid economic growth is projected for Germany (2017-2018) attributed by the depreciation of euro and strong demand from China and the U.S. markets. However, dynamics such as Brexit, price inflation in Turkey market against the geopolitical tensions coupled with general elections to be declared 2019 among others such macro factors, influences the growth prospects of industrial tapes manufacturers as well as steady supply of products to the end-users.
By product type, filament tapes segment accounted a share of XX% in 2016 and projected to cater fast pace growth of XX% CAGR by 2025. Increasing demand for applications such as carton sealing and strapping for large scale packaging requirement is expected to fuel growth for filament tapes among others.
Among the backing material type segments, polymeric backings achieves a majority of its share, owing to its technical advantages such as excellent mechanical strength. In paper segment, the factor such as easy applicability of tapes under curves and contours with the paper to be effortlessly ripped by hand aids in driving the demand for paper backing material. Other advantages such as stretching up to 50% and better suppleness fosters growth especially for masking tapes which are widely used in paint industry.
By end-users, the automotive segment is expected grow at XX% CAGR over the forecast period. Advancement in the eco-friendly production of tapes is expected to fuel demand for the automotive industry. Construction and electrical & electronics segments are expected to register a steady growth of XX% and XX% respectively by 2025.
Geographically, in 2016, the industrial tapes market in Asia Pacific was accounted for XX% market share, with electronics industry to cater increasing growth for industrial tapes market in the region. Specifically, the wearable’s such as smart watches, fitness trackers among others is considered to be a booming market for industrial tapes to harness sturdy growth in the Asia Pacific region.
Some of the key players present in this market are tesa SE, 3M Company, Saint Gobain SA, Henkel AG & Company, Eastman Chemical Company, Avery Dennison Corporation, Sika AG, Intertape Polymer Corp. Inc, Muparo AG, PPM Industries S.P.A. Strategic acquisitions and product launch are the major developments companies are focusing to increase their market share and product portfolio. Apart from these, companies are also actively investing online platforms and search engine optimization (SEO) to create powerful impact of their product launch.
The report titled “Global Industrial Tapes Market - Growth, Future Prospects, and Competitive Analysis, 2017 – 2025” offers strategic insights into the global Industrial Tapes market along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of multiple market segments based on molded pulp type, product type, end-use and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2016 & 2025. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.
In order to help the strategic decision makers, the report also includes profiles of the leading sheet face masks manufacturers, along with their, product portfolio and key developments. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global sheet face masks market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above mentioned factors.
Aluminum tapes are designed for application areas where high temperature resistance and electrical conductivity is prerequisite. Aluminum tapes are widely used in duct sealing and insulation for HVAC, electromagnetic protection specifically for electronic industry. The increasing demand for high efficiency insulation in various end use industry is expected to drive the sales revenue of aluminum tapes over the forecast period.
Duct tapes are best fitted to the irregular surfaces which are formulated primarily by pressure sensitive adhesive. Applications such as packaging, sealing carpet padding and other general purpose works such as mending, repair, patching etc. is expected to aid in the growth of duct tapes market.
Filament tapes consists of pressure sensitive adhesives coated on to the backing substrate, used for various packaging and bundling applications. Carton sealing and strapping are the dominant applications, which is expected drive the filament tapes market during the assessment period.
The end-users demand advanced sophisticated adhesive solutions to keep the pace with evolving industrial necessities. Hence, the innovations in the adhesive technologies are prominent to offer diverse options to meet the demand of end-users. Automotive end-user, is poised for significant growth over the next five years. The macro-economic forces, the demand for personal transportation and strict norms & regulations are the key pointers driving the automotive industry worldwide which in turn propels the global industrial tapes market. Specifically, vibration and noise are active areas for OEM’s to focus upon in order to improve drive experience. Hence, elastomers and various composites are used to solve the damping caused in brakes, engines or any other systems. Industrial tapes helps these composites materials to get securely placed and supports them to work efficiently. Furthermore, high adhesion properties, strong UV stability and resistance from harsh liquids are some of the key properties of industrial tapes which marks them as effective high performance adhesive solutions.
The electrical and electronics segment is expected to register a steady growth over the forecast period. The industrial tapes offer the ideal attachment of gaskets to the internal electronic components thereby protects them from moisture and dust along with other vibrations. The increasing demand for high performance adhesives over conventional bonding systems is anticipated to impetus the global industrial tapes market during the forecast period.
The backing material of industrial tapes works in holding the adhesive to provide effective functioning of industrial tapes. The appropriate interface between backing material and adhesive primarily determines the efficiency of industrial tapes. Factors such as application area, purpose and time span plays critical role in selection of specific backing material among varieties. For instance, in temperature and weather resistance environment with requirement for high bonding strength, viscoelastic backing/ polymeric material is best suitable. A PVC backing is suited for insulation applications owing to its durability and non-flammable properties. The polymeric segment accounted major value share of more than 60.0% in 2016, and expected to continue dominance over the forecast period.
The cloth/fabrics such as cotton, viscose etc. as a backing material offers higher mechanical strength required in specific applications of sealing and splicing. In terms of value, the segment is expected to grow at a steady CAGR during 2017-2025. Factors such as biodegradability, easily conformable and abrasion resistance properties is expected to drive the sales revenues of cloth/fabric backing material type.
Asia Pacific accounts major share of the global industrial tapes market with share of more than 35.0% in terms of value in 2016. The market growth is fuelled by the growth of end-user industries and specially consumer electronics. The compact electronic goods require tapes to precisely fit the configurations which also protects the components from heat and vibrations. The robust electronic industry hub in Asian countries such as India, Japan, South Korea and China is expected to drive the sales revenue of industrial tapes during the assessment period. Furthermore, the demand for electronic wearable’s in the region is anticipated to incur positive growth for industrial tapes market.
The industrial tapes market in North America and Europe, is driven mostly by the increasing demand from automotive industries. The industrial tapes are in high demand for laminating the multi-layered materials used for vibration control and other assemblies in automotive vehicles. The automotive industry in playing a prominent growth driver for industrial tapes market in North America and Europe regions. The tesa SE, a Germany based prominent adhesive manufacturer gained 6.7% rise in sales in Americas and 6.2% growth in Europe market, owing to the automotive industry.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Industrial Tapes market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Product
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End Use
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Backing Materials
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
