Industrial Floor Tape Market Overview
Industrial tapes have a wide scope of application in several industrial applications for binding. These tapes are also used for conducting, packaging, and masking purposes. The global Industrial Floor Tape Market is estimated to surge at a lucrative rate over the forecast period, as the latest Market Research Future (MRFR) report has suggested. There are various factors impacting the market growth positively, such as the rising demand for industrial tapes from the packaging industry and the construction industry. Furthermore, mounting demand for industrial tape from the automotive industry is also leading to flourishing growth of the global market over the review period.
Industrial tapes have a high degree of adhesive strength, as compared to ordinary tapes which have several applications in daily operations. Heavy materials and spare parts cannot be attached using conventional tapes since this type of equipment requires a stronger adhesive bonding. Industrial tapes are widely used for adhering to various components like foams, lighting fixtures, and cushions within the furniture industry. Within the construction industry, the Industrial Floor Tape Market has several applications including glass bonding, floor bonding, and concrete bonding. Further, many electronic components are assembled using industrial tape. Apart from that, several vehicle assembly, heating ventilation air conditioning (HVAC) operations, along with packaging and insulations are other applications which demand the use of industrial tape, driving the global market exponentially.
As per the analysis conducted by MRFR, the global Industrial Floor Tape Market is estimated to upscale at a 6.5% CAGR by 2023.
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Some noteworthy players mentioned in the report include
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).
Industrial Tape Market Segmentation
The global Industrial Floor Tape Market is segmented based on type, application, end-user, tape backing material, and region. By product type, the global Industrial Floor Tape Market is segmented into filament tapes, duct tapes, adhesive transfer tapes, and aluminum tapes. Among these segments, the duct tapes segment is estimated to grow at a significant rate over the forecast period. The segment dominated the global Industrial Floor Tape Market at the beginning of the forecast period, and is also estimated to retain such dominant position over the estimate period. Higher durability, high adhesive strength, and water resistant nature of adhesive tapes are some of the primary reasons driving the segmental market.
By tape backing material, the global Industrial Floor Tape Market is segmented into polypropylene, paper, and polyvinyl chloride. The polypropylene segment was the largest among other types of industrial tape backing materials in the base year. This segment is also estimated to be the largest shareholder in the global Industrial Floor Tape Market through the forecast period. This can be owed to the inexpensive nature of polypropylene and higher durable strength. Further, lower coefficient of friction has made it the ideal choice for packing material in the production of industrial tapes.
By end-user, the global Industrial Floor Tape Market is segmented into construction, electronic, logistic, automotive, and others. The global market is spearheaded by the automotive segment over the forecast period, retaining its dominant position since the beginning of the forecast period. Also, industrial tapes within the automotive sector are aimed to reduce the overall bodyweight of the vehicle and make the vehicle more reliable.
Detailed Regional Analysis
The global Industrial Floor Tape Market is segmented into the regions of North America, Europe, Asia Pacific and Rest of the World. Asia Pacific assumed the largest share in the Industrial Floor Tape Market at the beginning of the forecast period. It is also anticipated to grow at the fastest rate over the forecast period owing to the surging urbanization and growing penetration of industrialization.
Table Of Contents
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
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
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List Of Tables
Table 1 Global Industrial Floor Tape Market, By Product Type
Table 2 Global Industrial Tape Market, By Tape Backing Material
Table 3 Global Masking Tape Market, By Application
Table 4 Global industrial velcro tape Market, By End User
Table 5 Global Industrial Floor Tape Industry, By Regions
Table 6 North America Industrial Tape Market, By Country
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