Strong, functional adhesive tape that is extensively utilised in a variety of industries and applications is duct tape. It is constructed from a pressure-sensitive adhesive that has been coated on a flexible backing material, such as polyethylene or polypropylene. Duct tape is renowned for its exceptional tensile strength and endurance as well as its versatility in surface compatibility, including plastic, metal, and wood.
Between 2022 and 2032, the worldwide duct tape market is anticipated to grow at an average CAGR of 5.1%. The market is expected to grow from US$ 4.42 Bn in 2022 to US$ 7.27 Bn by 2032.
Request Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2641
The duct tape market is a vast and diverse market, with a wide range of products available to meet the needs of various industries and applications. Duct tape is used in construction, automotive, aviation, marine, and household repairs, among many other industries. The demand for duct tape is driven by the need for strong and reliable adhesives in these industries, as well as the increasing demand for DIY projects and home repairs.
In terms of product type, the duct tape market is segmented into standard duct tape, colored duct tape, and specialty tapes. Standard duct tape is the most widely used type of duct tape and is used in various industries and applications. Colored duct tape is used for decorative and identification purposes. Specialty tapes are designed for specific applications, such as high-temperature duct tape and electrical duct tape.
Ask an Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-2641
In conclusion, the duct tape market is a vast and diverse market, with a wide range of products available to meet the needs of various industries and applications. The increasing demand for duct tape in the construction and automotive industries is expected to drive market growth, as well as the growing demand for eco-friendly and biodegradable duct tape. Key players in the market include 3M, Intertape Polymer Group, Berry Global, and Tesa SE.
Competitive Scenario
The key manufacturers of duct tapes are trying to focus on increasing their production capacity to meet the increasing demand from various industries such as building & construction, HVAC, automotive, shipping & logistics, electrical & electronics, and others. Companies also acquire, merge, and promote their products to enhance their supply chain and sales.
Key Market Developments
In March 2021, Intertape Polymer Group Inc. expanded its capstone facility in India to cater to the Indian market.
In April 2021, 3M Company expanded its adhesive portfolio for wearable medical devices and widened its product portfolio.
In March 2022, Tesa SE Group opened a new manufacturing plant in China by investing US$ 33 million. This unit manufactures adhesive tapes for the automotive and electronics industries.
In September 2020, Scapa Group plc launched a new Polyflex Plus FR100 Fire Retardant PE Film Tape for industrial applications.
Enquire before purchasing this report @ https://www.futuremarketinsights.com/checkout/2641
Key Players
· 3M Company
· Intertape Polymer Group Inc.
· Shurtape Technologies, LLC
· Berry Global Group Inc.
· Pro Tapes & Specialties, Inc.
· Nadco Tapes & Labels, Inc.
· MBK Tape Solutions
Key Segments
By Product Type:
- Removable Duct Tapes
- Professional Grade Duct Tapes
- Utility Duct Tapes
- Specialized High Strength Duct Tapes
By Adhesive Type:
- Natural Rubber based Adhesives
- Synthetic Rubber based Adhesives
By Backing Type:
- Plastic
o Polyethylene
o Polyvinyl Chloride
o Polyester
- Foil
- Cloth
By Application:
- Sealing
- Repairing
- Holding
- Waterproofing
- Coding
- Strapping
- Splicing
- Others
By Thickness:
- <10 Mil
- 10 to 15 Mil
- >15 Mil
By End Use Industry:
- HVAC
- Building & Construction
- Shipping & Logistics
- Automotive
- Electrical & Electronics
- DIY Activities
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
