Pune, India, December 18, 2017 /MRFR Press Release/- Market Research Future published a half cooked research report on global Electrical Tapes Market. The Electrical Tapes Market is expected to grow at a CAGR of around 5.90% during the period 2022 to 2030.
Electrical tapes are used to insulate electrical wires and other materials that conduct electricity. Electrical tapes are available in a range of colors from standard black to other colors, which indicate the voltage level and phase of the wire. The physical and chemical properties of electrical tapes such as elasticity, resistance to high temperature, moisture, UV rays, high productivity, durability, and strength, increase their popularity, among consumers, which ultimately drives the demand of electrical tape market. However, fluctuations in raw material prices, may hamper the growth of market.
The global Electrical Tapes Market is projected to grow at a CAGR of 5.90% during the forecast period.
Europe is a major region for the market. Increasing up gradation, repair and rehabilitation of the existing infrastructure, and power grids and distribution networks, are driving the growth of the market in Europe. Germany and U.K. are the major markets in Europe. Germany and U.K. are the major markets in Europe. The key players of the market have invested heavily in their research and development to develop the new, innovative and efficient electrical tapes. Also, they have been making major strategic decisions to impact the market. Recently, Intertape Polymer Group Inc. a leading manufacturer of packaging products and machinery, has launched its new eH20 Electric WAT Taper, which features a new roller wetting technology.
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The prominent players in the global electrical tapes market include Intertape Polymer Group (Canada), HellermannTyton (U.K.), 3M Company (U.S.), Avery Dennison Corporation (U.S.), Polymouth Rubber Europa S.A. (Spain), Pro Tape & Specialities, Inc. (USA), Electro Tape Specialties, Inc. (U.S.), H-old s.p.a (Italy), Nitto Denko Corporation (Japan), PPM Industries UK Ltd. (U.K.), Euro Tape Pvt Ltd. (India), Godson Tapes Private Limited (India), and Teraoka Seisakusho co.,Ltd. (Japan).
Market Research Analysis:
Global electrical tapes market has been segmented based on types, applications and region. On the basis of types, the market has been segmented as PVC electrical tapes, cloth electrical tape, rubber tapes, polyester film tape and others. PVC electrical tapes are the most commonly used electrical tapes. They exhibit excellent mechanical properties, good insulation ability and high resistance to many chemicals, which ultimately increases the popularity of PVC electrical tapes, among consumers. Rubber tapes are used for heavy duty electrical purposes, these rubber tapes have the capability to withstand extreme temperature, pressure, voltage, moisture, corrosion and contaminants. Rubber tapes are expected to contribute significantly during the forecast period. Polyester tapes have excellent tensile strength and is works well with solvents and chemicals and are best to be used in extremely high temperatures. Polyimide tapes have good insulation properties. In electrical industries, these tapes are widely used for coil insulation and masking of powder coating. Made out of insulation adhesives, these Polyester tapes work well with solvents and chemicals, and are best to be used in extremely high temperatures.
On the basis of regions, Asia Pacific dominates the global electrical tape market in 2016, followed by North America and Europe. Asia Pacific is expected to grow at the highest CAGR during the forecast period. Increase in construction activities in countries such as China, Japan, India, and Indonesia, is the major factor fuelling the growth of the Asia Pacific market. North America is the second largest region for the market. It is expected to contribute significantly during the forecast period.
Of all applications, the building and construction industry is also expected to contribute significantly due to increasing construction activities, across the globe.
Scope of the Report:
This study provides an overview of the global electrical tapes market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global electrical tape market by its type, application and region.