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Industrial Tape Market Business Overview, Challenges, Opportunities, Trends And Market Analysis By 2023

Global Industrial Tape Market Size, Share, Growth, Trends, Analysis, Future Scope: by Product Type (Duct Tapes, Filament Tapes, Aluminum Tapes, Adhesive Transfer Tapes), Tape Backing Material (Paper, Polypropylene, Polyvinyl Chloride), Application (Electrical and Electronic, Packaging, Masking,), End-User, and Region - Global Forecast to 2023

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Industrial Tape Market Business Overview, Challenges, Opportunities, Trends And Market Analysis By 2023

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  1. Industrial Tape Market Research Report By Forecast To 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

  2. Industrial Tape Market Research Report - Forecast to 2023 Global Industrial Tape Market: by Product Type (Duct Tapes, Filament Tapes, Aluminum Tapes, Adhesive Transfer Tapes), Tape Backing Material (Paper, Polypropylene, Polyvinyl Chloride), Application (Electrical and Electronic, Packaging, Masking,), End-User, and Region - Global Forecast to 2023 Industrial tapes are widely used in various industrial applications for binding. These tapes are also utilized for packaging, conducting, and masking purposes. Increasing demand from the packaging and construction industry is primarily driving the industrial tape market. The growing demand for industrial tape from the automobile industry is also augmenting the growth of the market further because industrial tapes are principally used in the vehicle assembly operations such as airbag cover attachment, trim panel attachment, and few other operations. Industrial tapes deliver a high level of adhesive strength as compared to ordinary tapes, which are utilized in everyday life operations. Heavy materials and spare parts can’t be attached to a standard tape as this equipment requires a high amount of adhesive bonding. Industrial tapes are widely utilized for adhering to various components such as lighting fixtures, foams, and cushions in the furniture sector. Industrial tapes are widely used in the construing industry for floor bonding, glass bonding, and concrete bonding. Moreover, industrial tapes have a wide application in the electronic components assembly, vehicle assembly, heating ventilation air conditioning (HVAC) operations, insulations, and packaging. The global Industrial Tape market is highly split among numerous international, regional, and local vendors. The competition among the manufacturers has recently intensified due to availability and introduction of innovative products in the market. Also, the competition among the manufacturers has increased in terms of portfolio and pricing. The global industrial tape market is expected to witness the high number of the expansion activities over the forecast period and is likely to closely follow by the launch of new products or new product development. Global Industrial Tape Market is Expected to Grow at a CAGR of ~6.5% during the forecast period, 2017-2023. 2 www.marketresearchfuture.com

  3. Industrial Tape Market Research Report - Forecast to 2023 Global industrial tape market has been segmented based on product type, tape backing material, application, end-user, and region. Based on the product type, the market is segmented into duct tapes, filament tapes, aluminum tapes, adhesive transfer tapes, and other. The duct tapes are anticipated to dominate the industrial tape market till 2023. The high durability, water resistant nature, and high adhesive strength of the duct tape are driving the growth of this segment. Based on the tape backing material, the market is segmented into paper, polypropylene, polyvinyl chloride, and others. Polypropylene dominated the market in 2016 and is anticipated to be the fastest-growing tape backing material segment for industrial tape. The demand for the polypropylene as in industrial tape is expected to continue as it is relatively inexpensive material and possesses high flexural strength coupled with a low coefficient of friction, which makes it as an ideal backing material for industrial tapes. Based on the application, the market is segmented into electrical and electronic, packaging, masking, and others. Packaging dominated the product segment in 2016 and is expected to witness a phenomenal growth over the forecast period. The dominant position of the segment is due to the increasing demand for applications such as strapping and carton strapping for large-scale packaging. Based on the end-user, the market is segmented into electrical, construction, logistic, automotive, and others. Automotive segment dominated the largest market share in 2016 and is expected to grow at the highest CAGR over the forecast period. The dominant position in this segment is due to the large application of the industrial tape and advancement in the eco-friendly production of the tapes. Also, industrial tapes in the automotive sector help to reduce the overall body weight of the vehicle and make the vehicle more reliable and safer to drive. The global Industrial Tape market is highly split among numerous international, regional, and local vendors. The competition among the manufacturers has recently intensified due to availability and introduction of innovative products in the market. Also, the competition among the manufacturers has increased in terms of portfolio and pricing. The global industrial tape market is expected to witness the high number of the expansion activities over the forecast period and is likely to closely follow by the launch of new products or new product development. Report Sample @ https://www.marketresearchfuture.com/sample_request/2805 3 www.marketresearchfuture.com

  4. Industrial Tape Market Forecast To 2023 Industrial Tape Market-By Segment Send Enquiry @ https://www.marketresearchfuture.com/enquiry/2805 4 www.marketresearchfuture.com

  5. Industrial Tape Market Forecast To 2023 Global Industrial Tape Market The global industrial tape market is majorly segmented into North America, Europe, Asia Pacific and Rest of the World. Asia Pacific dominated the global market in 2016 and is anticipated to grow at the highest CAGR over the forecast period, 2017- 2023. The demand for the industrial tape in this region is majorly driven by the growing urbanization and industrialization. The Asia Pacific has a huge electronics and automobile industry, which is further boosting the industrial tape market. The emerging economies in the Asia Pacific region, such as, China, India, Japan, South Korea and other South Asian countries, are currently witnessing exponential economic growth, which has raised the disposable income in these countries leading to increased spending power of the consumers. This has majorly created a vast scope for expansion of the industrial tape market in the Asia Pacific region. North America held the second largest share of the global market and was closely followed by Europe. These regions are continuously witnessing an exponential growth coupled with growing urbanization, industrialization, and rise in the manufacturing bases. Key Players Some of the key players in the global industrial tape market are The Dow Chemical Company (U.S.), Saint Gobain SA (France), 3M Company (U.S.), Henkel AG & Company, KGaA (Germany), Eastman Chemical Company (U.S.), Avery Dennison Corporation (U.S.), Ashland Inc. (U.S.), Sika AG (Switzerland), Pro Tapes & Specialties, Inc. (U.S.), Von Roll Holding AG (Switzerland), Scapa Group plc (U.K), Shurtape Technologies, LLC (U.S.), Sicad Group (Italy), and Advance Tapes International Ltd. (U.K) Browse Full Report @ https://www.marketresearchfuture.com/reports/industrial-tape-market-2805 5 www.marketresearchfuture.com

  6. ABOUT US MARKET RESEARCH FUTURE At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clientsto see more, know more, and do more,which help to answer all their mostimportantquestions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visitsfor its research analyst members. For more informationkindly visitwww.marketresearchfuture.comor contactus at info@marketresearchfuture.com Copyright © 2018 Market Research Future All Rights Reserved. This document contains highly confidential information and is the sole property of Market Research Future. No part of it may be circulated,copied, quoted, or otherwisereproduced withoutthe written approvalof Market Research Future. 6 www.marketresearchfuture.com

  7. THANK YOU THANK YOU MARKET RESEARCH FUTURE salesteam@marketresearchfuture.com Ph: +1-646-845-9349 (US) Ph: +44 208 133 9349 (UK) 7 www.marketresearchfuture.com

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