Industrial Packing Tape Market| COVID-19 Impact, Business Overview, Challenges, Opportunities, Trends and Analysis By 2023
Industrial Packing Tape Market| COVID-19 Impact
(firmenpresse) - Industrial Packing Tape Market - Overview
Industrial Packing Tapes are widely used in various industrial applications for binding. These tapes are also utilized for packaging, conducting, and masking purposes. Increasing demand from the packaging and construction industry is primarily driving the Industrial Packing Tape market.
Key Players
Some of the key players in the global Industrial Packing 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)
Segments
Global Industrial Packing 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 global Industrial Packing 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 Packing 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 Packing 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 Packing 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.
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Datum: 03.06.2020 - 11:20 Uhr
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Date of sending: 3/06/2020
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