PUBLISHER: SkyQuest | PRODUCT CODE: 1491744
PUBLISHER: SkyQuest | PRODUCT CODE: 1491744
Electrical Tape Market Size, Share, Growth Analysis, By Material Type, By Backing Material, By Insulation Type, By Application - Industry Forecast 2024-2031
Global Electrical Tape Market size was valued at USD 13.45 billion in 2022 and is poised to grow from USD 14.13 billion in 2023 to USD 20.95 billion by 2031, at a CAGR of 5.05% during the forecast period (2024-2031).
In recent years, the global Electrical Tape market has experienced steady growth driven by the expanding electric and electronics industry. The rising demand for electrical tapes stems from their crucial role in insulating and safeguarding electrical components, wires, and cables. Key factors fueling market expansion include ongoing infrastructure development, increasing urbanization, and the growing necessity for reliable electrical connections across various applications. Furthermore, the upsurge in manufacturing activities and the burgeoning automotive sector contribute to the market's optimistic trajectory. Concurrently, advancements in tape materials and adhesives enhance product efficacy, while regional infrastructure projects and the evolution of smart cities further propel market growth.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Electrical Tape Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Electrical Tape Market Segmental Analysis
The global Electrical Tape market is segmented into five major segments i.e. by Material Type, Backing Material, Insulation Type, Application and region. Based on Material Type, it is divided into PVC (Polyvinyl Chloride), Rubber, Silicone, Cloth, Polyimide Tapes, Polyester Films Tapes, Others. Based on Backing Material, it is bifurcated as Vinyl, Mastic (Rubbery or Elastic), Others. Based on Insulation Type it is segregated into, Heat Shrinkable, Non-Heat Shrinkable. Based on Application, the market is segmented into Construction, Electrical/Electronic, Aerospace, Automotive, Others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Drivers of the Global Electrical Tape Market
The electric and electronics industry's consistent expansion relies heavily on electrical tapes for insulating and safeguarding wires and components, a crucial function they fulfill. Moreover, the global surge in urbanization and infrastructure development projects further drives the need for electrical tapes, as they are indispensable for maintaining dependable and consistent electrical connections.
Restraints in the Global Electrical Tape Market
One significant constraint within the marketplace revolves around environmental concerns regarding the disposal and recycling of electrical tapes, especially those made from materials that do not easily biodegrade. Additionally, manufacturers face challenges in meeting evolving industry specifications due to the regulatory landscape and compliance requirements related to safety standards.
Market Trends of the Global Electrical Tape Market
The growing focus on environmental responsibility and regulations has sparked a rise in demand for sustainable and eco-friendly tape materials. In response, manufacturers are actively seeking alternatives to traditional PVC-based tapes, opting instead for bio-based and recyclable materials to align with these principles.
Table of Contents
Introduction
- Objectives of the Study
- Definitions
- Market Scope
Research Methodology
- Information Procurement
- Secondary & Primary Data Sources
- Market Size Estimation
- Market Assumptions & Limitations
Executive Summary
- Market Overview Outlook
- Supply Demand Trend Analysis
- Segmental Opportunity Analysis
Market Dynamics & Outlook
- Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
- Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Key Market Insights
- Technology Analysis
- Pricing Analysis
- Value Chain Analysis
- Ecosystem of the Market
- Start-up Analysis
- Regulatory Landscape
- Innovation Matrix
- Top Investment Analysis
- Key Success Factor
- Market Attractive Index
- Degree of Competition
Global Electrical Tape Market by Material Type
- Market Overview
- PVC
- Rubber
- Silicone
- Cloth
- Polyimide Tapes
- Polyester Films Tapes
- Others
Global Electrical Tape Market by Backing Material
- Market Overview
- Vinyl
- Mastic
- Others
Global Electrical Tape Market by Insulation Type
- Market Overview
- Heat Shrinkable
- Non-Heat Shrinkable
Global Electrical Tape Market by Application
- Market Overview
- Construction
- Electrical/Electronic
- Aerospace
- Automotive
- Others
Global Electrical Tape Market Size by Region
- Market Overview
- North America
- USA
- Canada
- Europe
- Germany
- Spain
- France
- UK
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
Competitive Landscape
- Top 5 Player Comparison
- Market Positioning of Key Players, 2023
- Strategies Adopted by Key Market Players
- Recent Activities in the Market
- Key Companies Market Share (%), 2023
Key Company Profiles
- 3M Company (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Nitto Denko Corporation (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Tesa SE (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Scapa Group plc (United Kingdom)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Avery Dennison Corporation (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Hira Industries LLC (United Arab Emirates)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- HellermannTyton Group plc (United Kingdom)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Shanghai Yongguan Adhesive Products Corp., Ltd. (China)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- IPG - Intertape Polymer Group Inc. (Canada)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Shurtape Technologies, LLC (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Saint-Gobain (France)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Permacel (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Wuhan Huaxia Nanfang Adhesive Tapes Co., Ltd. (China)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Shanghai Richeng Electronics Co., Ltd. (China)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Johnson & Johnson (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Fujian Youyi Adhesive Tape Group Co., Ltd. (China)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Berry Global Group, Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Lintec Corporation (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Lohmann GmbH & Co. KG (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Guangzhou Wang Cheong Adhesive Product Factory (China)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
