Electrical Tapes Global Market is segmented by Type (PVC Electrical Tape, Cloth Electrical Tapes, Rubber Tapes, Polyimide Tapes, Polyester Film Tapes, Others), by Application (Construction, Electrical/Electronic, Aerospace, Automotive, Others) and by Region. Electrical Tapes industry is growing at compound annual growth rate of 5.52% in coming four years.
Electrical Tapes Market Key Companies Studied in This Research Report Are:
Avery Dennison Corporation (U.S.), Intertape Polymer Group Inc. (Canada), HellermannTyton (U.K), The 3M Company (U.S.), Nitto Denko Corporation (Japan), Teraoka Seisakusho Co., Ltd. (Japan), Plymouth Rubber Europa, S.A. (Spain), ProTapes & Specialties, Inc. (U.S.), Electro Tape Specialties, Inc. (U.S.), H-old S.P.A (Italy), PPM Industries UK LTD (U.K), Euro Tapes Pvt. Ltd (India), Godson Tapes Private Limited (India), and Parafix Tapes & Conversions Ltd. (U.K).
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The global Electrical Tapes market appears to be fragmented and highly competitive. Several large and small key players are churning the competition, forming the competitive edge. The players incorporate collaboration, acquisition, partnership, technology launch, and expansion to maintain their market position.
Electric tape is available in multiple colors, which have different properties. Electrical color code describes which wire has correct configuration of an electrical system, which is paramount for safety.
There are many factors responsible for the growth of the electrical tapes market. Firstly, there is a rising awareness among manufacturers regarding the convenience of tapes. Electrical tape is commonly used to insulate and protect electrical components in different sectors, because of its dielectric strength and heat resistance. Electrical tape is effective in maintaining good insulation for a long period and can be overheated. Moreover, demand for sustainable and environment-friendly pressure-sensitive tapes has increased in the past few years, owing to environmental regulations and consumer preference towards environment-friendly products. Secondly, there is robust growth in the global construction industry.
Electrical Tapes Market Geographic Analysis:
Region-specific analysis of the global market encompasses North America, Europe, Asia Pacific (APAC) and Rest-of-the-World (RoW).
Asia Pacific has consistently dominated the market during the forecast period because the sales of electrical tapes are the highest in this region. There is a substantial increase in the number of industries operating in the automotive, construction, electronics, and healthcare sectors. This rise will lead to the increased requirement of wiring harness and other electrical components, which, in turn, would lead to a rise in the need for electrical insulation. Thus, the demand for electrical tapes in the Asia Pacific region is more compared to other regions. The global electrical tapes market in Asia Pacific is estimated to witness a CAGR of 5.67% during the forecast period and holds the largest market share.
Americas include the U.S., Canada, and Rest of Americas. Similarly, The region together holds the second largest market share in the global electrical tapes market and is estimated to witness a CAGR of 5.37% during the forecast period. Americas is expected to display a moderate demand for tapes. In the U.S., the expansion of the food and beverage sector is indirectly benefitting the pressure sensitive tapes market due to the need for corrugated packaging. Increasing awareness about the utilization of environment-friendly tapes to abide by governmental regulations is the major factor contributing to the growth of the electrical tapes market.
Target Audience of Report:
This report mainly focuses on Electrical Tapes manufacturers, Distributor & Supplier companies, and end Users. Investment bankers and consultants with end user for Electrical Tapes market also analyzed. And finally, Government and Independent Regulatory Authorities involved with Electrical Tapes Global Industry are studied in this report.
Scope of Report:
The report for Global Electrical Tapes Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market.
Major Table Of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrant
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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