Industrial Tapes Market - Global Industry Analysis, Forecast 2016 – 2024

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Industrial Tapes Market - Global Industry
Analysis, Size, Share, Growth, Trends
and Forecast 2016 - 2024
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REPORT DESCRIPTION
Transparency Market Research Reports incorporated a definite business overview and investigation inclines on “Industrial
Tapes Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024” This report likewise
incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide
business sector industry structure.
The industrial tapes market has experienced robust growth in the past few years with the global growth of the tapes and
adhesives industry. Increasing demand for high strength, solvent-resistant tapes are gaining popularity in industrial applications.
These tapes comprise a face stock which is coated on one side with an active adhesive. The face stock material forms the
backing of the tape. Several types of backings are currently popular in the industry. Some of them include paper, polypropylene,
vinyl, polyethylene, polyester, polytetrafluoroethylene, metal foil, and glass foil. Paper tapes are the most economical choice for
industrial tapes; however, due to poor moisture and tear resistance, they are usually employed in paper and corrugated
packaging industry. Polypropylene industrial tapes are usually used as substitute for paper tapes. Polypropylene tapes are tear
resistant and offer good performance at low temperatures. Polytetrafluoroethylene tapes are relatively high priced; they
however exhibit excellent anti-stick properties and have excellent moisture-resistance property as well.
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Industrial tapes, commercially available in the market are primarily of two types- single coated and double coated. Single coated
industrial tapes can have different adhesives such as acrylic, rubber, or silicone. These types of industrial tapes are usually used
for electrical, masking, carton sealing, and medical applications. On the contrary, double coated tapes consist of pressuresensitive adhesive on both sides of a carrier. These tapes tend to be thicker due to the added layer. Double coated tapes are
usually the preferred choice when two distinct adhesives are needed in order to join dissimilar surfaces. Thus, these are often
referred to as differential tapes.
Industrial tapes are predominantly used in various end-user industries such as packaging, footwear, construction, furniture,
automotive, and others. The end-user industry utilizes several types of industrial tapes as per the requirement of the
application. For instance, double coated polypropylene tapes are widely used in automotive, aerospace, and carpet installation
due to their flame retardant property. Industrial tapes are used for masking, lamination, protection, jointing, insulation (cold &
electrical), holding or mounting during the manufacturing of automobiles & their accessories. Similarly, these tapes are used for
bonding of white goods appliances such as refrigerators, air conditioners, televisions, washing machines, printers, microwave
ovens etc. Industrial tapes for packaging industry are made up of paper, cloth & foams, and polyethylene and are used for
carton sealing, bonding, jointing, and sealing application.
The demand for industrial tapes is significantly expanding in the fields of flooring for commercial and housing applications.
Steady growth rate of construction of residential buildings, especially in emerging economies such as China, India, Brazil, South
Africa, and Russia (BRICS), is driving the industrial tapes market. Moreover, robust growth in the packaging and converting
industry will increase demand for industrial tapes. However, enactment of several environmental regulations regarding VOC
emission from solvents used in industrial tapes is the prime restraining factor for the market. Innovation in the market related to
improvement in aesthetics and application time is expected to create immense opportunity in the market.
Asia Pacific is anticipated to be the fastest growing region in the industrial tapes market in the coming years. Increasing
urbanization and formation of smart cities is boosting the demand for industrial tapes in the region. The Middle East and Africa
(MEA) is estimated to exhibit significant growth during the forecast period due to easing government processes for residential
mortgaging, especially in Saudi Arabia and the UAE. Latin America is projected to witness moderate growth during the forecast
period. Brazil and Argentina are likely to drive the industrial tapes market in Latin America due to significant public investments
in commercial, infrastructural, and industrial construction. Europe held a significant share of the global industrial tapes market in
2015. Austria, Germany, the Netherlands, Russia, and Turkey have been identified as high growth markets for industrial tapes for
construction end-user industry. The industrial tapes market in North America for construction end-user industry is likely to
expand at a below average growth rate due to maturity of the construction industry.
Some key players in the industrial tapes market include 3M, Scapa, Avery Dennison Corporation, H.B. Fuller, Ashland Inc., Sika
AG, Henkel AG & Co. KHaA, Saint Gobain SA, The Eastman Chemical Company, Tape Products Company, and Tesa Tape, inc.
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The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by
tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely
scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but
not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.
The study is a source of reliable data on:
•
Key market segments and sub-segments
•
Evolving market trends and dynamics
•
Changing supply and demand scenarios
•
Quantifying market opportunities through market sizing and market forecasting
•
Tracking current trends/opportunities/challenges
•
Competitive insights
•
Opportunity mapping in terms of technological breakthroughs
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, Luxembourg)
•
Eastern Europe (Poland, Russia)
•
Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
•
Middle East and Africa (GCC, Southern Africa, North Africa)
TMR estimates the market size of various sectors using a combination of available data on the number and revenue of
companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for
a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the
economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More
than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a
base year and then forecast growth within each market.
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interviewed as experts, are screened and qualified based on certain criteria in addition to their decision-making authority and
the scope of activity within their organizations.
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The industrial tapes market has experienced robust growth in the past few years with the global growth of the tapes and adhesives industry. Increasing demand for high strength, solvent-resistant tapes are gaining popularity in industrial applications. These tapes comprise a face stock which is coated on one side with an active adhesive. The face stock material forms the backing of the tape. Several types of backings are currently popular in the industry. Some of them include paper, polypropylene, vinyl, polyethylene, polyester, polytetrafluoroethylene, metal foil, and glass foil. Paper tapes are the most economical choice for industrial tapes; however, due to poor moisture and tear resistance, they are usually employed in paper and corrugated packaging industry. Polypropylene industrial tapes are usually used as substitute for paper tapes. Polypropylene tapes are tear resistant and offer good performance at low temperatures. Polytetrafluoroethylene tapes are relatively high priced; they however exhibit excellent anti-stick properties and have excellent moisture-resistance property as well.