Industrial Tapes Market - Global Industry Analysis 2024
Industrial Tapes Market: Overview
Industrial
tapes are used for binding purpose in various industrial operations.
Industrial tapes offer high level of adhesive strength compared to
normal tapes which are used in everyday life. Heavy materials and spare
parts cannot be attached using normal tapes as these materials require
high level of adhesive bonding. Industrial tapes are used for attaching
various components such as cushions, foams and lighting fixtures.
Bonding operations such as concrete bonding, glass bonding and floor
bonding are carried out using industrial tapes. Also, industrial tapes
are finding increasing adoption in operations such as vehicle assembly,
electronic components assembly, heating ventilation air conditioning
(HVAC) operations, insulation and packaging.
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Industrial
tapes are increasingly used for permanent or temporary assembly and
fabrication of products and components. Further, industrial tapes are
water resistant and shock resistant for specific operations such as
electrical equipment manufacturing. Industrial tapes can be used in
harsh conditions such as extremely high and cold temperatures,
ultraviolet light and solvents.
Industrial Tapes Market: Trends and Opportunities
Demand
for commodities and appliances is increasing which is the key driving
factor for the growth of the industrial tapes market. Industrial tapes
are increasingly used for manufacturing and assembly of commodities and
appliances. Growth of the automobile industry is also driving the
industrial tapes market. Automobile manufacturing requires adhesive
tapes for attaching purpose during various operations such as trim panel
attachment, airbag cover attachment and wall headliner attachment.
Moreover, tapes improve the overall appearance of the end product by
hiding the joints between two parts.
Innovations
and technological advancements have helped industrial tapes to serve
more markets such as construction and aerospace with increasing adhesive
strength. Governmental and environmental rules and regulations are
getting tougher to protect the nature. Industrial tape manufacturers
must control the emissions of volatile organic content (VOC) during
manufacturing. This is proving to be the restraining factor for the
industrial tapes market. Producing industrial tapes with reduced VOC
emissions is a challenge for manufacturers. However, manufacturers are
using water-based technology rather than solvent based technology to
minimize the emissions. Water-based technology is accepted worldwide and
provides a safer work environment with reduced chances of hazards.
Materials such as acrylics and natural rubber are used in water-based
technology.
Industrial Tapes Market: Segmentation and Competitive Dynamics
Industrial
tapes market can be divided into various segments according to the
product type such as filament tape, aluminum tape, duct tape, adhesive
transfer tapes and others (single sided and double sided). Further,
industrial tapes market can be divided into distinct segments according
to the application such as packaging, masking/ protective, electrical
and electronic, decorative tapes, splicing tapes and damping tapes.
Also, Industrial tapes market can be divided into different segments
according to the tape backing material such as polypropylene, paper,
polyvinyl chloride, polyester and polyimide. End user industries of
industrial tapes include manufacturing, automotive, construction,
logistics, electrical and aerospace and electronics.
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Major
players in the industrial tapes market include The Dow Chemical
Company, Saint Gobain S.A., The 3M Company, Henkel AG & Company
KGaA, Eastman Chemical Company, Avery Dennison Corporation, Ashland Inc.
(U.S.), Sika AG, H.B Fuller Company, and Von Roll Holding AG.
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