Industrial Floor Tape Market Outlook and Forecast to 2023
Global Industrial Floor Tape Market Size, Share, Growth, Trends, Future Scope: 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
(firmenpresse) - Summary
Global Industrial Floor Tape Market Size, Share, Growth, Trends, Future Scope: 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
Industrial Floor Tape Market - Overview
The global Industrial Floor Tape market is expected to witness a higher growth in the upcoming years. Wide application of Industrial Floor Tapes in the electronics industry for automobile and consumer electronics paves a way for market growth in the years to come. The market is anticipated to exhibit 6.5% CAGR from 2017 to 2023 (forecast period), as per the predictions of Market Research Future (MRFR).
Industrial Floor Tapes are adhesive cum packaging tapes that serves to a wide variety of industrial needs such as masking, bundling and surface protection. Being an indispensable product from the commercial as well as industrial point of view, it enjoys a broader usage scope. ORAFOL Americas is an American subsidized company, and a recognized global manufacturer of premium vinyl graphic products and solutions. Recently, the company unveiled five new products for immediate use for automotive sign or display applications.
Segments
Global Industrial Floor Tape Market is segmented in to 5 Key dynamics for an easy grasp and enhanced understanding.
Segmentation By Product Type: Comprises – Duct Tapes, Filament Tapes, Aluminum Tapes, Adhesive Transfer Tapes & Other
Segmentation By Backing Material: Comprises - Paper, Polypropylene, Polyvinyl Chloride & Others
Segmentation By End-user: Comprises – Electrical, Construction, Logistic, Automotive and others
Segmentation By Application: Comprises – Electrical And Electronic, Packaging, Masking, and Others
Segmentation By Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Key Players
Some of the key players in the global Industrial Floor 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)
Advance Tapes International Ltd. (U.K)
Global Industrial Floor Tape Market - Regional Analysis
The global Industrial Floor 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 Floor 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 Floor 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 Floor 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.
Industrial Floor Tape Market - Competitive Analysis
Characterized by the presence of several well-established along with medium and small players, the global market of Industrial Floor Tape appears to be highly competitive and fragmented. International players who are increasingly expanding their footprint in the developing economy, making it difficult for regional vendors to compete with them, especially in terms of features such as product differentiation, product portfolios, quality, and pricing. The market is witnessing intensified competition which is expected to get more intensified further during the forecast period. In order to maintain the position and share in the market, major players have adopted certain strategies.
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About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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Datum: 24.02.2020 - 08:13 Uhr
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News-ID 607732
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Date of sending: 24/02/2020
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