Global Industrial Tapes Market Set For Rapid Growth, To Reach Value Around USD 126.08 Billion By 2032

Zion Market Research has published a new report titled “Industrial Tapes Market by Product Type (Aluminum Tapes, Filament Tapes, and Others), by Tape Backing Material (Paper, Polyvinyl Chloride, Polypropylene, Fiberglass, Glass Cloth, Fabrics, Polyimide, Polyester, PTFE, and Medical Grade Cloth), and by Application (Electrical Industry, Logistics Industry, Automotive Industry, Construction Industry, Manufacturing Industry, Electronics Industry, and Aerospace Industry): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 - 2032”. According to the report, the global industrial tapes market was valued at approximately USD 78.54 billion in 2023 and is expected to generate revenue of around USD 126.08 billion by 2032, growing at a CAGR of around 5.40% between 2024 and 2032.   

Industrial tapes are used for heavy-duty applications in the industry as they require a sustainable range of tapes. These types of tapes are mainly used for binding purposes in various industrial operations. Industrial tapes are used for attaching various components which include foams, lighting fixtures, and cushions. Growing industrialization leads to the rising demand for industrial tapes in the manufacturing, medical device manufacturing market, food, and beverages market, and others which positively influence the market growth. Moreover, physical and chemical properties such as elasticity, durability, resistance to chemicals, moisture, & temperature, and high productivity boost the sales and growth of the market across the globe. In addition to this, an increase in the use of industrial tapes in the number of applications due to their adhesive properties is also driving the market growth.

Browse the full "Industrial Tapes Market by Product Type (Aluminum Tapes, Filament Tapes, and Others), by Tape Backing Material (Paper, Polyvinyl Chloride, Polypropylene, Fiberglass, Glass Cloth, Fabrics, Polyimide, Polyester, PTFE, and Medical Grade Cloth), and by Application (Electrical Industry, Logistics Industry, Automotive Industry, Construction Industry, Manufacturing Industry, Electronics Industry, and Aerospace Industry): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 - 2032" report at https://www.zionmarketresearch.com/report/industrial-tapes-market

On the basis of product type, the industrial tapes market is bifurcated into aluminum tapes, filament tapes, and others. The filament tapes segment within the product type accounted for a major share in 2023 and is anticipated to continue its dominance during the forecast period. Rising demand for applications such as strapping for large-scale packaging and carton sealing is expected to boost market growth for filament tapes.

Based on the tape backing material, the market is segmented into paper, polyvinyl chloride, polypropylene, fiberglass, glass cloth, fabrics, polyimide, polyester, PTFE, and medical-grade cloth. The polypropylene segment within the tape backing material dominated the market in 2023 and is estimated to continue its supremacy during the forecast period. Polypropylene is considered to be an inexpensive material offering a low coefficient of friction and high flexural strength, which in turn makes it an ideal backing material parallelly propelling the market growth.

On the basis of application, the market is divided into the electrical industry, logistics industry, automotive industry, construction industry, manufacturing industry, electronics industry, and aerospace industry. The automotive industry is anticipated to remain dominant during the upcoming years. As the industrial tape helps in improving the overall stability and agility of the vehicle it has an increased application in the automotive sector.

Based on the region, Asia Pacific dominates the overall industrial tapes market. The Asia Pacific accounted for a major revenue share in 2023 and is projected to continue with this trend during the forecast period. The growth is accredited to the growing urbanization and industrialization. The region has a huge automobile and electronics industry which is further positively influencing the market growth. Moreover, increasing manufacturing facilities coupled with rising demand for industrial tapes in emerging countries such as China, India, and Indonesia is driving the market growth in the region.

The key players operating in the global industrial tapes market include Eastman Chemical Company, Adhesive Applications, Shurtape, Von Roll Holding AG, Avery Dennison, Saint-Gobain SA, Henkel AG & Company KGaA, The Dow Chemical Company, Berry Plastics, Ashland Inc., Advanced Flexible Composites, Merck Group, Sika AG, Microseal Industries, and H.B Fuller. The other players include Essentra Specialty Tapes, FLEXcon, Navilux, Intertape Polymer, Coating, and Converting Technologies, Adhesives Research, MACtac, Lamart, PPI Adhesive Products, Scapa Group, DeWAL Industries, TaraTape, Chomerics, CTT, Achem, Syntac Coated Products, Adchem, and Necal. These players adopt strategies such as agreements, collaborations, new product launches, and partnerships, to acquire a high position in the global market.

This report segments the industrial tapes market as follows:

Industrial Tapes Market: Product Type Segment Analysis

• Aluminum Tapes
• Filament Tapes
• Others 

Industrial Tapes Market: Tape Backing Material Segment Analysis

• Paper
• Polyvinyl chloride
• Polypropylene
• Fiberglass
• Glass Cloth
• Fabrics
• Polyimide
• Polyester
• PTFE
• Medical Grade Cloth

Industrial Tapes Market: Application Segment Analysis

• Electrical Industry
• Automotive Industry
• Construction Industry
• Manufacturing Industry
• Aerospace Industry
• Electronics Industry

Industrial Tapes Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to provide our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com