In 2023, it is expected that barrier tape sales would generate US$1.13 billion in revenue. The market for barricade tape is projected to reach US$ 1.74 billion by 2033, growing at a CAGR of 4.4% between 2023 and 2033.
The demand for safety gear is increasing due to a number of factors, including an increase in infrastructure development and construction projects. This is a result of the market for barricade sellotape growing.
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The expanding construction industry is the main driver of the market. The global construction industry is thriving, with an increasing number of projects in the works. The demand for barricade sellotape is increasing as construction companies look for effective ways to demarcate danger zones and secure work sites.
Customers’ increasing attention to safety and retreat is another factor driving the need for barrier sellotape. This occurred as a result of the striking colours used to make barrier tape to mark off restricted areas. This helps to avert any potential accidents.
Furthermore non-toxic, these tapes do not easily decay when peeled off of surfaces or covered in paint or wallpaper. Due to their anti-slip properties, barrier tapes are increasingly in use because they help keep people away from hazardous locations like cliffs and abandoned buildings, which are difficult to see at night.
Prominent market players intend to develop barrier tape that is reasonably priced for customers and offers more resistance against environmental elements including dust, ultraviolet (UV) rays, and others. Owing to their sustainability and low carbon footprints, certain industry participants are producing biodegradable barrier tape to increase their customer base.
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In terms of revenue, North America is anticipated to account for a sizeable portion of the global barricade tape market during the forecast period. The expansion in this region is caused by a rise in infrastructure and construction activities, which is boosting the demand for barricade tapes.
Key Takeaways
- The market in the United Kingdom is anticipated to rise, exhibiting a CAGR of 4.31% through 2033.
- The United States dominated the market in 2022 holding a 20.8% share of the global market.
- With a CAGR of 7.64% over the forecast period, India is predicted to develop rapidly in the market.
- The market in China is expected to proliferate, registering a CAGR of 6.87% over the forecast period.
- Germany accounted for 5.1% of the global market in 2022.
- The 6 to 8 mm sub-segment of the thickness segment acquired a40.2% share in 2022.
- The plastic sub-segment of the material type segment attained a 62.3% share in 2022.
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Competitive Landscape:
The top manufacturers of the barricade tape market include 3M Company, Shurtape Technologies, LLC, Brady Corporation, Scapa Group PLC, Tesa SE, Surface Shields, Inc., Advance Tape International Ltd., Vibac Group S.p.a., Mutual Industries, Inc., Custom Tape Ltd, Intertape Polymer Group Inc., Yuyao Laisifu Houseware Co., LTD, Nitto Denko Corporation, Ningbo Teagol Adhesive Industry Co., LTD, MAS Corporation, and others.
These businesses have employed a range of tactics to surpass their competitors. They place a high priority on distinguishing their goods and services, increasing productivity and quality, offering exceptional customer service, implementing cost-saving strategies, and building a strong sense of brand awareness. They have boosted their clientele and income by creating new products, buying other companies, making alliances, reforming their organizations, and cooperating.
Recent Developments:
- In June 2022, different flame-resistant adhesive tapes were invented by Tesa. tesa® flameXtinct, a novel tape that has previously found success in the construction sector, is also now deployed in the commercial transportation system. These novel adhesive tapes are entirely halogen-free and self-extinguish in the incident of a fire within a limited time.
- In September 2020, the construction and development company Skanska USA and 3M revealed that all mainline harnesses bearing the 3M DBI-SALA® brand are likely to work seamlessly with 3M Fall Protection Suspension Trauma Safety Straps.
Market Segmentation
By Thickness:
- Up to 2 mm
- 2 to 4 mm
- 4 to 6 mm
- 6 to 8 mm
- Above 8 mm
By Material Type:
- Plastic
- Polyethylene (PE)
- Polypropylene (PP)
- Polyethylene terephthalate (PET)
- Polyvinyl Chloride (PVC)
- Paper
- Aluminum Foil
- Cotton Fabric
By End Use:
- Industrial
- Building & Construction
- Automotive
- Mining
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