USD 13.45 billion
Global Electrical Tape Market Size, Share, Growth Analysis, By Material Type(PVC (Polyvinyl Chloride), Rubber), By Backing Material(Vinyl, Cloth), By Insulation Type(Heat Shrinkable, Non-Heat Shrinkable) - Industry Forecast 2024-2031
Report ID:
SQMIG20D2218 |
Region:
Global |
Published Date: April, 2024
Pages:
202
|
Tables:
91 |
Figures:
76
Global Electrical Tape Market Insights
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 latest years, the global Electrical Tape market is characterised with the aid of regular boom pushed via the increasing electric and electronics enterprise. The growing demand for electrical tapes is propelled with the aid of their vital role in insulating and protecting electrical components, wires, and cables. Key elements influencing market growth consist of ongoing infrastructure improvement, increasing urbanization, and the developing want for dependable electric connections in various applications.
Additionally, the surge in production activities and the increasing automobile quarter make a contribution to the market's high quality outlook. While technological improvements in tape materials and adhesives enhance product performance, regional infrastructure projects and the development of smart towns similarly stimulate market expansion.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
PVC (Polyvinyl Chloride)
Fastest Growth
Silicone
Growth Rate
5.05% CAGR
Global Electrical Tape Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Electrical Tape Market By Material ($ Bn)
Global Electrical Tape Market By Material (%)
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Global Electrical Tape Market Segmental Analysis
The global Electrical Tape market is segmented into four major segments i.e. by Material Type, Backing Material, Insulation Type, and region. Based on Material Type, it is divided into PVC (Polyvinyl Chloride), Rubber, Silicone, Others. Based on Backing Material, it is bifurcated as Vinyl, Cloth, Mastic (Rubbery or Elastic), Others. Based on Insulation Type it is segregated into, Heat Shrinkable, Non-Heat Shrinkable. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Analysis by Material
PVC (Polyvinyl Chloride) is probable to dominate the marketplace. PVC electrical tapes are broadly used due to their remarkable insulation residences, durability, and value-effectiveness. They provide suitable resistance to moisture, chemicals, and varying temperatures, making them a favored choice for electrical insulation packages.
Silicone may additionally enjoy fast increase. Silicone electric tapes are recognised for their high thermal resistance, flexibility, and advanced performance in difficult environments. The growing call for for tapes which could resist extreme temperatures and provide dependable insulation in specialised packages may additionally pressure the boom of silicone electric tapes.
Analysis by Insulation
Non-heat shrinkable insulation is likely to dominate the marketplace. This sort of insulation offers a dependable and price-effective solution for diverse electric programs. Non-warmness shrinkable tapes are typically used for electric insulation, splicing, and bundling, making them a preferred desire in a extensive variety of industries.
Heat shrinkable insulation may additionally enjoy speedy boom. Heat shrinkable tapes provide the benefit of conforming to irregular shapes and presenting a decent seal, which complements their effectiveness in applications requiring stable insulation. The call for for heat shrinkable tapes can also grow, specifically in conditions where a comfortable suit and added protection are crucial.
Global Electrical Tape Market By Material, 2023 (%)
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Global Electrical Tape Market Regional Insights
Asia-Pacific is probable to dominate the marketplace. The location's dominance may be attributed to the sturdy manufacturing activities, speedy urbanization, and great infrastructure development in international locations like China and India. The increasing electric and electronics enterprise in Asia-Pacific, coupled with the developing creation area, drives the call for for electric tapes.
Latin America might also enjoy rapid boom. The vicinity's increase can be motivated by way of increasing construction initiatives, infrastructure improvement, and the expansion of the automotive industry. As Latin American nations put money into modernizing their infrastructure and electrical systems, there is a capability surge inside the demand for optical electrical tapes.
Global Electrical Tape Market By Region, 2024-2031
- Largest
- Fastest
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Global Electrical Tape Market Dynamics
Drivers
Increasing Expansion Of The Electrical And Electronics Industry
- The continuous growth of the electric and electronics industry, in which electrical tapes play a vital function in insulating and protective wires and additives. The ongoing urbanization and infrastructure improvement projects international in addition propel the demand for electric tapes, as they may be quintessential in ensuring reliable and steady electric connections.
Restraints
High Environmental Concerns Associated Recycling Of Electrical Tapes
- One of the main marketplace restraints is the environmental worries associated with the disposal and recycling of electrical tapes, in particular the ones crafted from substances that aren't without difficulty biodegradable. The regulatory panorama and compliance necessities associated with protection requirements additionally present challenges for manufacturers in making sure that their electric tapes meet evolving industry specs.
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Global Electrical Tape Market Competitive Landscape
The aggressive environment of the Electrical Tape market is dynamic and is characterized via the presence of mounted gamers and a combination of local and worldwide producers. The companies offer a various variety of electrical tapes, leveraging their technological expertise and innovation abilties. Strategic projects, together with mergers, acquisitions, and partnerships, are not unusual inside the market as corporations aim to enlarge their product portfolios and enhance their worldwide presence.
Top Player’s Company Profiles
- 3M Company (US)
- Nitto Denko Corporation (Japan)
- Tesa SE (Germany)
- Saint-Gobain (France)
- Avery Dennison Corporation (US)
- Shurtape Technologies, LLC (US)
- Polyken (US)
- tesa® (brand under Beiersdorf AG, Germany)
- Scinta (Japan)
- Gaffer Tape Inc. (US)
- Scapa Group (UK)
- The Griffolin Company (US)
- Lohmann GmbH & Co. KG (Germany)
- Nitto Electric Industries, Ltd. (Japan)
- Benda Manufacturing, Inc. (US)
- Intertape Polymer Group Inc. (Canada)
- National Industries, Inc. (US)
- BIC Graphic North America (US)
- Super Products Corporation (US)
- Brady Corporation (US)
Recent Developments
- January 2023: Zone Enterprises, a provider of engineered sealing, insulating, and sound answers, has finalized the purchase of Can-Do National Tape from High Street Capital, a personal equity firm. Can-Do National Tape focuses on custom die-reduce and rotary cut adhesive and tape merchandise.
- June 2023: Arkema expands its portfolio of high-overall performance polymers thru the acquisition of a controlling interest in PI Advanced Materials.
Global Electrical Tape Key Market Trends
- Rising Focus on Sustainable and Eco-friendly tape Materials: The increasing attention on sustainable and eco-friendly tape substances, driven by way of the growing emphasis on environmental responsibility and regulations. Manufacturers are exploring options to standard PVC-based tapes, incorporating bio-primarily based and recyclable substances.
Global Electrical Tape Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Electrical Tape marketplace analysis exhibits a dynamic marketplace with some of standout developments and problems. The market is pushed with the aid of the expanding electric and electronics enterprise, urbanization, and infrastructure improvement. However, environmental concerns, regulatory compliance challenges, and raw material fee volatility pose restraints. Various product types, together with PVC, rubber, and silicone tapes, cater to various programs.
Regionally, Asia-Pacific dominates because of robust production sports, at the same time as Latin America indicates capability growth. Key developments encompass a shift closer to green substances, distinctiveness tapes for unique packages, and the combination of smart technologies, reflecting the industry's reaction to sustainability, innovation, and evolving technological desires.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 13.45 billion |
| Market size value in 2031 | USD 20.95 billion |
| Growth Rate | 5.05% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Electrical Tape Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Electrical Tape Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Electrical Tape Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Electrical Tape Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Electrical Tape Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Electrical Tape Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Electrical Tape Market Report Snapshots
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