Industrial Tape Market Research Report - Forecast to 2023

Industrial Tape Market Research Report - Forecast to 2023

ID: MRFR/PNT/2088-HCRR | October, 2018 | Region: Global | 140 pages | Half-Cooked Research Reports

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


Market Scenario


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.


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.  


Global Industrial Tape Market is Expected to Grow at a CAGR of ~6.5% during the forecast period, 2017-2023.


Market Segmentation


 Market Segmentation


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)

Table of Contents



1 Executive Summary



2 Research Methodology



2.1 Scope of the Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market size Estimation

2.4 Forecast Model



3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis



4 Global Industrial Tapes Market, By Product Type

4.1 Duct Tapes

4.2 Filament Tapes

4.3 Aluminum Tapes

4.4 Adhesive Transfer Tapes

4.5 Other



5 Global Industrial Tapes Market, By Tape Backing Material

5.1 Introduction

5.2 Paper

5.3 Polypropylene

5.4 Polyvinyl Chloride

5.5 Other



6 Global Industrial Tapes Market, By Application

6.1 Introduction

6.2 Electrical and Electronic

6.3 Packaging

6.4 Masking

6.5 Others



7 Global Industrial Tapes Market, By End-User

7.1 Introduction

7.2 Electrical

7.3 Construction

7.4 Logistic

7.5 Automotive

7.6 others



8 Regional Market Analysis

8.1 Introduction

8.2 North America

8.2.1 U.S.

8.2.2 Canada

8.3 Europe

8.3.1 U.K

8.3.2 France

8.3.3 Germany

8.3.4 Spain

8.3.5 Rest of Europe

8.4 Asia-Pacific

8.4.1 China

8.4.2 Japan

8.4.3 India

8.4.4 Rest of Asia-Pacific

8.5 Rest of the World



9 Competitive Analysis

9.1 Introduction

9.2 Competitive Scenario

9.2.1 Market Share Analysis

9.2.2 Market Development Analysis

9.2.3 Product/Service Benchmarking

9.3 The Dow Chemical Company

9.3.1 Overview

9.3.2 Product/Service Offering

9.3.3 Strategy

9.4 Saint Gobain SA

9.4.1 Overview

9.4.2 Product/Service Offering

9.4.3 Strategy

9.5 3M Company

9.5.1 Overview

9.5.2 Product/Service Offering

9.5.3 Strategy

9.6 Henkel AG & Company, KGaA

9.6.1 Overview

9.6.2 Product/Service Offering

9.6.3 Strategy

9.7 Eastman Chemical Company

9.7.1 Overview

9.7.2 Product/Service Offering

9.7.3 Strategy

9.8 Avery Dennison Corporation

9.8.1 Overview

9.8.2 Product/Service Offering

9.8.3 Strategy

9.9 Ashland Inc.

9.9.1 Overview

9.9.2 Product/Service Offering

9.9.3 Strategy

9.10 Sika AG

9.10.1 Overview

9.10.2 Product/Service Offering

9.10.3 Strategy

9.11 Pro Tapes & Specialties, Inc.

9.11.1 Overview

9.11.2 Product/Service Offering

9.11.3 Strategy

9.12 Von Roll Holding AG

9.12.1 Overview

9.12.2 Product/Service Offering

9.12.3 Strategy



LIST OF TABLES



TABLE 1 GLOBAL INDUSTRIAL TAPES MARKET, BY PRODUCT TYPE

TABLE 2 GLOBAL INDUSTRIAL TAPES MARKET, BY TAPE BACKING MATERIAL

TABLE 3 GLOBAL INDUSTRIAL TAPES MARKET, BY APPLICATION

TABLE 4 GLOBAL INDUSTRIAL TAPES MARKET, BY END USER

TABLE 5 GLOBAL INDUSTRIAL TAPES MARKET, BY REGIONS

TABLE 6 NORTH AMERICA INDUSTRIAL TAPES MARKET, BY COUNTRY

TABLE 7 NORTH AMERICA INDUSTRIAL TAPES MARKET, BY PRODUCT TYPE

TABLE 8 NORTH AMERICA INDUSTRIAL TAPES MARKET, BY TAPE BACKING MATERIAL

TABLE 9 NORTH AMERICA INDUSTRIAL TAPES MARKET, BY APPLICATION

TABLE 10 NORTH AMERICA INDUSTRIAL TAPES MARKET, BY END USER

TABLE 11 U.S. INDUSTRIAL TAPES MARKET, BY PRODUCT TYPE

TABLE 12 U.S. INDUSTRIAL TAPES MARKET, BY TAPE BACKING MATERIAL

TABLE 13 U.S. INDUSTRIAL TAPES MARKET, BY APPLICATION

TABLE 14 U.S. INDUSTRIAL TAPES MARKET, BY END USER

TABLE 15 CANADA INDUSTRIAL TAPES MARKET, BY PRODUCT TYPE

TABLE 16 CANADA INDUSTRIAL TAPES MARKET, BY TAPE BACKING MATERIAL

TABLE 17 CANADA INDUSTRIAL TAPES MARKET, BY APPLICATION

TABLE 18 CANADA INDUSTRIAL TAPES MARKET, BY END USER

TABLE 19 EUROPE INDUSTRIAL TAPES MARKET, BY COUNTRY

TABLE 20 EUROPE INDUSTRIAL TAPES MARKET, BY PRODUCT TYPE

TABLE 21 EUROPE INDUSTRIAL TAPES MARKET, BY TAPE BACKING MATERIAL

TABLE 22 EUROPE INDUSTRIAL TAPES MARKET, BY APPLICATION

TABLE 23 EUROPE INDUSTRIAL TAPES MARKET, BY END USER

TABLE 24 GERMANY INDUSTRIAL TAPES MARKET, BY PRODUCT TYPE

TABLE 25 GERMANY INDUSTRIAL TAPES MARKET, BY TAPE BACKING MATERIAL

TABLE 26 GERMANY INDUSTRIAL TAPES MARKET, BY APPLICATION

TABLE 27 GERMANY INDUSTRIAL TAPES MARKET, BY END USER

TABLE 28 FRANCE INDUSTRIAL TAPES MARKET, BY PRODUCT TYPE

TABLE 29 FRANCE INDUSTRIAL TAPES MARKET, BY TAPE BACKING MATERIAL

TABLE 30 FRANCE INDUSTRIAL TAPES MARKET, BY APPLICATION

TABLE 31 FRANCE INDUSTRIAL TAPES MARKETS, BY END USER

TABLE 32 U.K. INDUSTRIAL TAPES MARKET, BY PRODUCT TYPE

TABLE 33 U.K. INDUSTRIAL TAPES MARKET, BY TAPE BACKING MATERIAL

TABLE 34 U.K. INDUSTRIAL TAPES MARKET, BY APPLICATION

TABLE 35 U.K. INDUSTRIAL TAPES MARKETS, BY END USER

TABLE 36 SPAIN INDUSTRIAL TAPES MARKET, BY PRODUCT TYPE

TABLE 37 SPAIN INDUSTRIAL TAPES MARKET, BY TAPE BACKING MATERIAL

TABLE 38 SPAIN INDUSTRIAL TAPES MARKET, BY APPLICATION

TABLE 39 SPAIN INDUSTRIAL TAPES MARKETS, BY END USER

TABLE 40 REST OF EUROPE INDUSTRIAL TAPES MARKET, BY PRODUCT TYPE

TABLE 41 REST OF EUROPE INDUSTRIAL TAPES MARKET, BY TAPE BACKING MATERIAL

TABLE 42 REST OF EUROPE INDUSTRIAL TAPES MARKET, BY APPLICATION

TABLE 43 REST OF EUROPE INDUSTRIAL TAPES MARKET, BY END USER

TABLE 44 ASIA-PACIFIC INDUSTRIAL TAPES MARKET, BY COUNTRY

TABLE 45 ASIA-PACIFIC INDUSTRIAL TAPES MARKET, BY PRODUCT TYPE

TABLE 46 ASIA-PACIFIC INDUSTRIAL TAPES MARKET, BY TAPE BACKING MATERIAL

TABLE 47 ASIA-PACIFIC INDUSTRIAL TAPES MARKET, BY APPLICATION

TABLE 48 ASIA-PACIFIC INDUSTRIAL TAPES MARKET, BY END USER

TABLE 49 CHINA INDUSTRIAL TAPES MARKET, BY PRODUCT TYPE

TABLE 50 CHINA INDUSTRIAL TAPES MARKET, BY TAPE BACKING MATERIAL

TABLE 51 CHINA INDUSTRIAL TAPES MARKET, BY APPLICATION

TABLE 52 CHINA INDUSTRIAL TAPES MARKET, BY END USER

TABLE 53 JAPAN INDUSTRIAL TAPES MARKET, BY PRODUCT TYPE

TABLE 54 JAPAN INDUSTRIAL TAPES MARKET, BY TAPE BACKING MATERIAL

TABLE 55 JAPAN INDUSTRIAL TAPES MARKET, BY APPLICATION

TABLE 56 JAPAN INDUSTRIAL TAPES MARKET, BY END USER

TABLE 57 INDIA INDUSTRIAL TAPES MARKET, BY PRODUCT TYPE

TABLE 58 INDIA INDUSTRIAL TAPES MARKET, BY TAPE BACKING MATERIAL

TABLE 59 INDIA INDUSTRIAL TAPES MARKET, BY APPLICATION

TABLE 60 INDIA INDUSTRIAL TAPES MARKET, BY END USER

TABLE 61 REST OF ASIA-PACIFIC INDUSTRIAL TAPES MARKET, BY PRODUCT TYPE

TABLE 62 REST OF ASIA-PACIFIC INDUSTRIAL TAPES MARKET, BY TAPE BACKING MATERIAL

TABLE 63 REST OF ASIA-PACIFIC INDUSTRIAL TAPES MARKET, BY APPLICATION

TABLE 64 REST OF ASIA-PACIFIC INDUSTRIAL TAPES MARKET, BY END USER

TABLE 65 RoW INDUSTRIAL TAPES MARKET, BY PRODUCT TYPE

TABLE 66 RoW INDUSTRIAL TAPES MARKET, BY TAPE BACKING MATERIAL

TABLE 67 RoW INDUSTRIAL TAPES MARKET, BY APPLICATION

TABLE 68 RoW INDUSTRIAL TAPES MARKET, BY END USER 





LIST OF FIGURES



FIGURE 1 RESEARCH TYPE

FIGURE 2 GLOBAL INDUSTRIAL TAPES MARKET: BY PRODUCT TYPE (%)

FIGURE 3 GLOBAL INDUSTRIAL TAPES MARKET: BY TAPE BACKING MATERIAL (%)

FIGURE 4 GLOBAL INDUSTRIAL TAPES MARKET: BY APPLICATION (%)

FIGURE 5 GLOBAL INDUSTRIAL TAPES MARKET: BY END USER (%)

FIGURE 6 GLOBAL INDUSTRIAL TAPES MARKET: BY REGION

FIGURE 7 NORTH AMERICA INDUSTRIAL TAPES MARKET, BY PRODUCT TYPE (%)

FIGURE 8 NORTH AMERICA INDUSTRIAL TAPES MARKET, BY TAPE BACKING MATERIAL (%)

FIGURE 9 NORTH AMERICA INDUSTRIAL TAPES MARKET, BY APPLICATION (%)

FIGURE 10 NORTH AMERICA INDUSTRIAL TAPES MARKET, BY END USER (%)

FIGURE 11 EUROPE INDUSTRIAL TAPES MARKET, BY PRODUCT TYPE (%)

FIGURE 12 EUROPE INDUSTRIAL TAPES MARKET, BY TAPE BACKING MATERIAL (%)

FIGURE 13 EUROPE INDUSTRIAL TAPES MARKET, BY APPLICATION (%)

FIGURE 14 EUROPE INDUSTRIAL TAPES MARKET, BY END USER (%)

FIGURE 15 ASIA-PACIFIC INDUSTRIAL TAPES MARKET, BY PRODUCT TYPE (%)

FIGURE 16 ASIA-PACIFIC INDUSTRIAL TAPES MARKET, BY TAPE BACKING MATERIAL (%)

FIGURE 17 ASIA-PACIFIC INDUSTRIAL TAPES MARKET, BY APPLICATION (%)

FIGURE 18 ASIA-PACIFIC INDUSTRIAL TAPES MARKET, BY END USER (%)

FIGURE 19 ROW INDUSTRIAL TAPES MARKET, BY PRODUCT TYPE (%)

FIGURE 20 ROW INDUSTRIAL TAPES MARKET, BY TAPE BACKING MATERIAL (%)

FIGURE 21 ROW INDUSTRIAL TAPES MARKET, BY APPLICATION (%)

FIGURE 22 ROW INDUSTRIAL TAPES MARKET, BY END USER (%)