Industrial Adhesive Tape Market| COVID-19 Impact, Is Expected To Grow At A CAGR Of ~6.5% During Forecast 2023
The Industrial Adhesive Tape Market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on the Industrial Adhesive Tape Market highlights the future prediction and the growth alternatives that can be created.
(firmenpresse) - Industrial Adhesive Tape Market Overview
There are certain factors driving the growth of the market. Such tapes have found their way in the manufacturing of appliances. This along with the growth of the automobile industry is driving the Industrial Adhesive Tapes market. Automobile manufacturing requires such tapes for attaching purpose during various operations. In addition to this, the Industrial Adhesive Tapes have witnessed expansion in its application markets such as construction and aerospace.
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Key Players
Some of the key players in the global Industrial Adhesive 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), and Advance Tapes International Ltd. (U.K)
Competitive Analysis
Teraoka launched double layered series in its Industrial Adhesive Tapes product line. These come in rubber and acrylic based variants. It boats features such as water resistance, color coated, thermal barrier coating, among others.
Segments
Global Industrial Adhesive 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
Regional Analysis
The Asia-Pacific region dominated the global COVID-19 Impact in 2016. It is also expected to be the fastest growing region for the Industrial Adhesive Tape. Increase in industrialization, rising urbanized population, and growth in spending capacity are the factors driving the growth of the market in Asia-Pacific region.
North America has also witnessed steady growth in the market in last many years. The market is expected to show similar growth in coming time. This along with concentration of many companies in the Industrial Adhesive Tape industry has led to the growth of the market. The application of such tapes have been seen growing in the private construction market. The private construction sector is seen expanding over the commercial construction in the U.S. This drives the growth in the North America.
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Datum: 27.05.2020 - 08:22 Uhr
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News-ID 613161
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Date of sending: 27/05/2020
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