Global Electrical Tape Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028
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“Global Electrical Tape Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global electrical tape market report has been segmented on the basis of type, application, and region.
Global Electrical Tape Market: Overview
Electrical tape or electrical insulation tape is a pressure sensitive tape used to make small repairs to damaged insulation or to insulate electrical wires and other material that conduct electricity. The electrical tapes are generally useful in the structure of electrical equipment for insulation. Electrical tape can be made up of vinyl, cloth, or plastics, which is useful in various electrical applications. It provides optimum protection against UV radiation, dust, moisture, acids, dirt, solvents, and temperature.
Global Electrical Tape Market: Dynamics
The growth of the electrical tape market is attributed to the growing manufacturing sector in developing and developed countries and rising awareness regarding benefits related to tapes. In addition, electrical tape is generally used to insulate and protect electrical components in many industries owing to heat resistance and dielectric strength properties, these properties of electrical tape are projected to boost the global market during the forecast period. Growing construction industry in developing and developed countries coupled with rising demand for electrical tape in various color codes for ensuring safety, which in turn estimated to propel the market growth over the long run.
However, fluctuating raw material prices of electrical tape is estimated to retrain the growth of the global electrical tape market to a certain extent.
Rising usage of electrical tapes in the automotive industry for various end uses coupled with technological advancements is projected to create lucrative opportunities for the manufactures in the global market in the near future.
Global Electrical Tape Market: Segment Analysis
Among the type segments, the PVC electrical tape segment is projected to account the highest revenue share in the global electrical tape market, owing to their augmented properties such as suitable for insulation, bundling, maintenance, color coding, and better protection of electrical wires and parts at a lower cost. The PET electrical tape segment is projected to register moderate growth in the target market.
Among the application segments, the electrical segment is projected to dominate the global market and is projected to register a significant growth rate as compared to other application segments. The auto industry segment is projected to register a lucrative growth rate in the near future.
Global Electrical Tape Market: Region Analysis
Increasing demand for electrical tapes in electrical & electronics application in the Asia Pacific is expected to drive the growth of the target market in the region. The rising number of end-use industries operating is projected to propel the growth of the Asia Pacific market. China and India have mostly contributed a major share in the Asia Pacific market.
North America market is projected to account a second largest share in the global market and is expected to register steady growth rate over the next 10 years. Growing demand for tapes in aerospace and automotive industries in the US and Canada is estimated to drive the growth of the North America electrical tape market.
Global Electrical Tape Market Segmentation:
Segmentation by Type:
- Cloth Electrical Tape
- PVC Electrical Tape
- PET Electrical Tape
Segmentation by Application:
- Electrical & Electronics
- Auto Industry
- Communication Industry
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Avery Dennison Corporation
- Intertape Polymer Group Inc.
- The 3M Company
- Nitto Denko Corporation
- Teraoka Seisakusho Co., Ltd.
- Plymouth Rubber Europa, S.A.
- ProTapes & Specialties, Inc.
- Electro Tape Specialties, Inc.
- PPM Industries UK LTD
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