All updated as on -
Having been worth USD 55.59 Billion in 2022, the market for industrial tapes is expected to more than double by 2030, reaching USD 103.57 Billion at a CAGR of 9.10% between 2023 and 2030.
Binding is a common usage for industrial tapes in many manufacturing processes. Industrial tapes provide superior adhesive strength to standard packing tapes. Heavy materials and replacement parts require strong adhesive bonding. Industrial tapes can be used to secure a wide variety of items, including foams, cushions, and light fixtures. Glass bonding, concrete bonding, and floor bonding are all examples of the types of bonding that may be accomplished with the help of industrial tapes. Furthermore, these tapes are finding increasingly widespread applications in a variety of industries, from electronics to automobiles to HVAC to insulation to packaging.
Industrial tapes are commonly used in the production and assembly of products for either short- or long-term use. Industrial tapes are designed with features like shock and water resistance for uses like the manufacture of electrical equipment. Industrial tapes are designed to withstand harsh conditions, including exposure to solvents, ultraviolet light, and low and high temperatures. They find widespread application across many industries, including the automotive, manufacturing, construction, logistics, electrical, and many others.
More and more businesses are looking for effective bonding solutions, driving up demand in the industry. Industrial tapes are in high demand in emerging markets' manufacturing and construction sectors because of their excellent insulating characteristics and high thermal conductivity. The increasing need for low-weight, high-performance bonding solutions in a wide range of sectors is expected to drive the Industrial Tapes Market forward in the approaching years. The increasing demand for eco-friendly and biodegradable tapes, as well as the increasing use of specialty tapes for specific purposes, both give substantial opportunities for market expansion. The market could be threatened, however, by the high entry price of modern industrial tapes and the availability of alternative bonding processes.
Common applications for industrial tapes include labeling and binding documents. Masking, electrical, and packing applications are the most common for these tapes. The market for industrial tape is being propelled by rising demand in the building and packaging sectors. Another factor contributing to the growth of the industrial tape market is the development of the automotive sector. The automotive industry makes heavy use of industrial tapes for tasks like attaching airbag covers and trim panels. The expansion and development of the industrial tape market could be hampered, however, by volatility in the cost of raw materials.
The industrial tapes industry has been severely impacted by the recent COVID-19 outbreak. Numerous financial and industrial sectors, such as tourism, manufacturing, and aviation, have been significantly impacted by COVID-19. The global economy is feeling the effects of a growing number of countries instituting and extending lockdowns, which have a chilling effect on economic activity. Regardless, the market for industrial tapes is expected to expand at a healthy rate in the future.
Individual market affecting elements and changes in market regulation in the local market that affect present and future market trends are also provided in the report's nation section. Market scenarios for different countries are predicted using data points such as down- and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies. In addition, the impact of domestic tariffs and trade routes, as well as the presence and availability of global brands, are taken into account while offering forecast analysis of nation data.
Report Coverage
Global Industrial Tapes research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Industrial Tapes report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Industrial Tapes competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Industrial Tapes market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Industrial Tapes market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Industrial Tapes market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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) and Necal Corporation (US).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Industrial Tapes market based on the below-mentioned segments:
Global Industrial Tapes Market, By Product Type
Aluminum Tapes
Filament Tapes
Adhesive Transfer Tapes
Duct Tapes
Global Industrial Tapes market, By Application
Packaging
Electrical and Electronic
Masking
Global Industrial Tapes Market, By Segment
Product Type
Tape Backing
Application
Region
Global Industrial Tapes market, Regional Analysis
Binding is a common usage for industrial tapes in many manufacturing processes. Industrial tapes provide superior adhesive strength to standard packing tapes. Heavy materials and replacement parts require strong adhesive bonding. Industrial tapes can be used to secure a wide variety of items, including foams, cushions, and light fixtures. Glass bonding, concrete bonding, and floor bonding are all examples of the types of bonding that may be accomplished with the help of industrial tapes. Furthermore, these tapes are finding increasingly widespread applications in a variety of industries, from electronics to automobiles to HVAC to insulation to packaging.
Industrial tapes are commonly used in the production and assembly of products for either short- or long-term use. Industrial tapes are designed with features like shock and water resistance for uses like the manufacture of electrical equipment. Industrial tapes are designed to withstand harsh conditions, including exposure to solvents, ultraviolet light, and low and high temperatures. They find widespread application across many industries, including the automotive, manufacturing, construction, logistics, electrical, and many others.
More and more businesses are looking for effective bonding solutions, driving up demand in the industry. Industrial tapes are in high demand in emerging markets' manufacturing and construction sectors because of their excellent insulating characteristics and high thermal conductivity. The increasing need for low-weight, high-performance bonding solutions in a wide range of sectors is expected to drive the Industrial Tapes Market forward in the approaching years. The increasing demand for eco-friendly and biodegradable tapes, as well as the increasing use of specialty tapes for specific purposes, both give substantial opportunities for market expansion. The market could be threatened, however, by the high entry price of modern industrial tapes and the availability of alternative bonding processes.
Common applications for industrial tapes include labeling and binding documents. Masking, electrical, and packing applications are the most common for these tapes. The market for industrial tape is being propelled by rising demand in the building and packaging sectors. Another factor contributing to the growth of the industrial tape market is the development of the automotive sector. The automotive industry makes heavy use of industrial tapes for tasks like attaching airbag covers and trim panels. The expansion and development of the industrial tape market could be hampered, however, by volatility in the cost of raw materials.
The industrial tapes industry has been severely impacted by the recent COVID-19 outbreak. Numerous financial and industrial sectors, such as tourism, manufacturing, and aviation, have been significantly impacted by COVID-19. The global economy is feeling the effects of a growing number of countries instituting and extending lockdowns, which have a chilling effect on economic activity. Regardless, the market for industrial tapes is expected to expand at a healthy rate in the future.
Individual market affecting elements and changes in market regulation in the local market that affect present and future market trends are also provided in the report's nation section. Market scenarios for different countries are predicted using data points such as down- and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies. In addition, the impact of domestic tariffs and trade routes, as well as the presence and availability of global brands, are taken into account while offering forecast analysis of nation data.
Report Coverage
Global Industrial Tapes research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Industrial Tapes report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Industrial Tapes competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Industrial Tapes market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | 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) and Necal Corporation (US). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Industrial Tapes Market from 2021 to 2030.
- Market Forecast for Industrial Tapes Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Industrial Tapes competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Industrial Tapes
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Industrial Tapes market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Industrial Tapes market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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) and Necal Corporation (US).
Primary Target Market
- Market Players of Industrial Tapes
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Industrial Tapes market based on the below-mentioned segments:
Global Industrial Tapes Market, By Product Type
Aluminum Tapes
Filament Tapes
Adhesive Transfer Tapes
Duct Tapes
Global Industrial Tapes market, By Application
Packaging
Electrical and Electronic
Masking
Global Industrial Tapes Market, By Segment
Product Type
Tape Backing
Application
Region
Global Industrial Tapes market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive industrial tapes market market research and competitor analysis for your business to help you develop more profound insights into the industrial tapes market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the industrial tapes market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.