Industrial Tapes Market Size, Share Global Analysis Report, 2022–2028

Industry Insights

[200+ Pages Report] According to Facts and Factors, the global industrial tapes market was worth around USD 10,172.70 million in 2021 and is estimated to grow to about USD 13,788.9 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.2% over the forecast period. The report analyzes the industrial tapes market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the industrial tapes market.

Market Overview

Industrial tapes are used in industries for multiple applications and they are specifically designed for industrial processes as per the requested requirement. These tapes are highly durable and can withstand a huge amount of adverse conditions that they can be used and this makes them an important requisite for multiple industries across the globe. Rapid industrialization is the key factor that will propel industrial tapes market growth through the forecast period.

Increasing demand for good adhesion and rising demand for sturdy packaging in industrial applications are expected to be other factors that will drive the industrial tapes market potential through 2028. Strict mandates against the use of toxic chemicals and harmful materials that damage the environment at expected to restrain the industrial tapes market potential to a certain extent over the forecast period.

COVID-19 Impact:

The pandemic of 2020 resulted in an extremely negative impact on the demand outlook for the industrial tapes market in the year 2020 as the industrial activity was completely shut down with the emergence of coronavirus infections on a global scale. These lockdowns resulted in the closure of multiple manufacturing and production facilities hence resulting in losses for industrial tapes companies.

Restricted logistics operations which led to a shortage of raw materials for industries also bolstered the negative trend of the industrial tapes market and created losses for industrial tapes companies in 2020. Industrial activity is expected to resume as the pandemic is subsiding and this will boost the industrial tapes market growth in the post-pandemic era. High demand for industrial activity and rising industrialization will be major trends propelling the market growth after the pandemic of 2020.

Growth Drivers

• Increasing Industrialization on a global scale

Industrialization has exponentially increased over the past few years and is on a charging trend over the forecast period and this will majorly boost the industrial tapes market potential in the long run. Especially in emerging economies like Brazil, Indonesia, India, and China industrialization is paramount with eth support of the government to boost their manufacturing and production capability on a global landscape.

Restraints

• Stringent Mandates against the use of Toxic Chemicals

Industrial tapes can sometimes comprise harmful toxic chemicals that enhance their qualities and functionality but as the government is now focusing on managing harmful wastes and are trying to make products as sustainable as possible this will lead to a slow down in the use of industrial tapes across the world. Stringent mandates will compel industrial tapes companies to find sustainable alternatives but till then this will hamper the industrial tapes market growth over the forecast period.

Segmentation Analysis

The global industrial tapes market is segregated based on product type, material, application, end-user, and region.

By product type, the market is divided into Filament tapes, Aluminium tapes, Duct tapes, Adhesive transfer tapes, and Others (single-sided and double-sided). The duct tapes segment is expected to hold a bright outlook and account for a major market share over the forecast period. Its qualities of water resistance and high durability make it a desired offering in the industrial landscape and drive the industrial tapes market growth over the forecast period.

Report Scope

Regional Landscape

Asia Pacific region leads the global industrial tapes market in terms of revenue and volume share and is anticipated to maintain this stance through the forecast period owing to rising industrial infrastructure owing to rapid industrialization in this region. The industrial tapes market is expected to be favored by supportive government initiatives and rising investments in the industrial sectors in this region. The major growth is expected to be driven by economies such as India and China owing to Increasing industrial establishment supported by government investments and lucrative subsidies.

North America and Europe are also expected to see high demand owing to the presence of developed industrial infrastructure in these regions. Germany, the United States, and the United Kingdom are expected to be the most prominent markets in these regions.

Recent Developments

• In February 2021 – Dow a leading chemical company and Lucro Plastecycle an Indian firm signed an MoU to launch new solutions using recycled consumer recycled (PCR) plastics in India owing to the rising sustainability trend in the nation.

Competitive Landscape

Some of the main competitors dominating the global industrial tapes market include -

• Dow Chemical Company (U.S.)
• Saint Gobain SA (France)
• 3M (U.S.)
• Henkel AG & Company
• KGaA (Germany)
• Eastman Chemical Company (U.S.)
• Avery Dennison Corporation (U.S.)
• Ashland Inc. (U.S.)
• Sika AG (Switzerland)
• H.B Fuller (U.S.)
• Von Roll Holding AG (Switzerland)

The global industrial tapes market is segmented as follows:

By Product Type Segment Analysis

• Filament Tapes
• Aluminum Tapes
• Duct Tapes
• Adhesive Transfer Tapes
• Others (Single-sided and Double-sided)

By End-User Segment Analysis

• Manufacturing Industry
• Automotive Industry
• Construction Industry
• Logistics Industry
• Electrical Industry
• Others (Aerospace and Electronics)

By Material Segment Analysis

• Polypropylene
• Paper
• Polyvinyl Chloride
• Other Tape Backing Materials (Foam, Fiberglass, Fabrics, Glass Cloth, Reinforced Epoxy, Polyester, PEN, Polyimide, PTFE, and Medical Grade Cloth)

By Application Segment Analysis

• Packaging Application
• Masking/Protective Application
• Electrical and Electronic Application
• Specialized Application
• Others (Decorative Tapes, Splicing Tapes, and Damping Tapes)

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Reunion
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America