Industrial Tape Market Is Expected To Grow At A CAGR Of ~6.5% During Forecast 2023

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Global Industrial Tape Market expected to experience significant growth in the next five years.

Market research future published a raw research report on Global Industrial Tape Market that contains the information from 2017 to 2023. Industrial tape market is expected to grow with the CAGR of approximately 6.1% from 2017 to 2023.

Taste the market data and market information presented through more than 85 market data tables and figures spread in 140 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Industrial Tape Market Information from 2017 to 2023"

The industrial tapes are used in various industrial operations mainly for the purpose of binding. These tapes are also used for conducting, masking and packaging purposes. Growing demand from logistic industry is the key factor driving the growth of the market. Technological advancements and innovations in designs, such as double sided industrial tape with high performance, are also fueling the demand of the market.

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The report has been analyzed based on product types, tape backing material, applications, end users and regions. On the basis of product type, global industrial tape market is segmented as duct tapes, filament tapes, aluminum tapes, adhesive transfer tapes and others, out of which, filament tapes dominate the product type segment of global industrial tape market. Filament tapes can be used for various purposes such as closing corrugated fiberboard boxes, reinforcing packages. It is made up of polypropylene or polyester film or a fiberglass and it offers high tensile strength, abrasion and moisture resistance. Due to these factors, the demand of filament tapes in various applications increases. Adhesive transfer tapes are widely used in automotive, electronics, manufacturing, and transportation industries mainly due to properties such as excellent environmental resistance, high-temperature performance, and are resistant to moisture, solvents, and UV rays.
Global industrial tape market is projected to reach USD 61.73 billion by 2023, at a CAGR of 6.1% from 2017 to 2023.


Market Research Analysis  
On the basis of tape backing materials, the global industrial tape market is segmented as paper, polypropylene, polyvinyl chloride & others. Polypropylene dominates the tape backing material segment of global industrial tape market. Polypropylene is preferred largely for the production of industrial tapes due to its high barrier properties. Polypropylene tapes are tear resistant and offer good performance at low temperatures. Whereas, paper tapes are the most economical choice for industrial tapes. They are usually used in paper and corrugated packaging industry.

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The key players of global industrial tape market include 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.), and Von Roll Holding AG (Switzerland).

This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Industrial tape market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.


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