Industrial Tapes Market Insights,Trends, and Forecast 2020

The market for the Global Industrial Tapes Market has increased since the last decade because of the innovations in the industry. The global industrial tapes market is projected to reach USD 58,487.11 Million by 2020, at a CAGR of 6% from 2015 to 2020.

Browse 260 tables and 46 figures spread through 234 Pages and in-depth TOC on "Industrial Tapes Market”

In the adhesives market industrial tapes have a considerable market size. Industrial tapes are extensively used to permanently bond and seal many substrates such as elastomers, foams, glass, and metals among others in a manner that enhances its strength, productivity, durability, and also improvises the product appearance. Industrial tapes can withstand harsh environment conditions such as high temperature, cold, temperature cycling, ultraviolet light, moisture and solvents.

This report estimates the market size of the global industrial tapes market in terms of both value and volume. In this report, the market is broadly segmented based on product type, end user, application, tape backing material, mode of application, and region. Market drivers, restraints, opportunities and challenges, and market share by participant for the overall market are discussed in detail. Industrial tapes are one of the fastest growing segments in the adhesives industry, which has seen significant growth over the last decade in a number of key markets around the world. Industrial tapes are designed with various advanced solutions that can benefits manufacturers, suppliers, and consumers.

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Filament tape, also known as strapping tape is witnessing the highest growth in the industrial tapes industry. Filament tape is a type of pressure sensitive tape. It can be used for various purposes such as closing corrugated fiberboard boxes, reinforcing packages, bundling items, and pallet unitizing. It is usually made of polypropylene or polyester film and fiberglass filaments which give it high tensile strength.

Aluminum tape, also known as foil tape, has several uses in industries such as electrical, HVAC, and construction. Because of its superior resistance to flames, extreme temperatures, and high humidity, it is suitable for several industrial purposes.

Duct tape is a type of pressure sensitive tape. Duct tape can be manufactured using several backings and adhesives but is often coated with polyethylene. It is suitable for several applications such as packaging, electrical, and automotive. Due to its high resistance and superior adhesive properties, it has witnessed a high growth in the industrial tapes market.

The industrial tapes market serves markets across several industries due to which the business witnessed a sustainable demand and globalization. Due to these factors, the market is expected to witness an unprecedented growth.

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