Industrial Tapes Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
- Transparency Market Research
Industrial Tapes Market: Overview
Industrial tapes are used for binding purpose in various industrial operations. Industrial tapes offer high level of adhesive strength compared to normal tapes which are used in everyday life. Heavy materials and spare parts cannot be attached using normal tapes as these materials require high level of adhesive bonding. Industrial tapes are used for attaching various components such as cushions, foams and lighting fixtures. Bonding operations such as concrete bonding, glass bonding and floor bonding are carried out using industrial tapes. Also, industrial tapes are finding increasing adoption in operations such as vehicle assembly, electronic components assembly, heating ventilation air conditioning (HVAC) operations, insulation and packaging. Industrial tapes are increasingly used for permanent or temporary assembly and fabrication of products and components. Further, industrial tapes are water resistant and shock resistant for specific operations such as electrical equipment manufacturing. Industrial tapes can be used in harsh conditions such as extremely high and cold temperatures, ultraviolet light and solvents.
Industrial Tapes Market: Trends and Opportunities
Demand for commodities and appliances is increasing which is the key driving factor for the growth of the industrial tapes market. Industrial tapes are increasingly used for manufacturing and assembly of commodities and appliances. Growth of the automobile industry is also driving the industrial tapes market. Automobile manufacturing requires adhesive tapes for attaching purpose during various operations such as trim panel attachment, airbag cover attachment and wall headliner attachment. Moreover, tapes improve the overall appearance of the end product by hiding the joints between two parts. Innovations and technological advancements have helped industrial tapes to serve more markets such as construction and aerospace with increasing adhesive strength. Governmental and environmental rules and regulations are getting tougher to protect the nature. Industrial tape manufacturers must control the emissions of volatile organic content (VOC) during manufacturing. This is proving to be the restraining factor for the industrial tapes market. Producing industrial tapes with reduced VOC emissions is a challenge for manufacturers. However, manufacturers are using water-based technology rather than solvent based technology to minimize the emissions. Water-based technology is accepted worldwide and provides a safer work environment with reduced chances of hazards. Materials such as acrylics and natural rubber are used in water-based technology.
Industrial Tapes Market: Segmentation and Competitive Dynamics
Industrial tapes market can be divided into various segments according to the product type such as filament tape, aluminum tape, duct tape, adhesive transfer tapes and others (single sided and double sided). Further, industrial tapes market can be divided into distinct segments according to the application such as packaging, masking/ protective, electrical and electronic, decorative tapes, splicing tapes and damping tapes. Also, Industrial tapes market can be divided into different segments according to the tape backing material such as polypropylene, paper, polyvinyl chloride, polyester and polyimide. End user industries of industrial tapes include manufacturing, automotive, construction, logistics, electrical and aerospace and electronics.
Major players in the industrial tapes market include The Dow Chemical Company, Saint Gobain S.A., The 3M Company, Henkel AG & Company KGaA, Eastman Chemical Company, Avery Dennison Corporation, Ashland Inc. (U.S.), Sika AG, H.B Fuller Company, and Von Roll Holding AG.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Materials
MaterialsChinese Markets for Roofing Materials
Chemicals and MaterialsGlobal Market Study on Sodium Cyanide: Upswing in Mining Activities Boosting Sales Prospects