The duct tapes market will expand by 5.2% CAGR between 2021 and 2031, predicts Future Market Insights (FMI), as more applications for repairing, sealing, coding, waterproofing, strapping, splicing, and other uses arise in the HVAC, building & construction, automotive, electrical & electronics, shipping & logistics, and other sectors.
Duct tapes are used by many end-use sectors because they provide surface protection along with a number of other advantages like toughness, temperature resistance, and others. According to end users’ needs, they come in a variety of varieties, which boosts duct tape sales internationally.
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Moreover, duct tapes come in a variety of colours that are utilised for tagging, sorting, and indicating certain safety information. It is simple for industries to offer information thanks to the many hues. Also, it can be utilised as a tool for marketing and advertising, which is advantageous for end consumers. The demand for duct tapes is expected to increase throughout the forecast period as a result of these factors.
Key Takeaways from Duct Tapes Market
- By product type, the professional grade duct tapes segment is anticipated to remain the leading segment, accounting for around 37% of the market share by the end of 2031.
- Based on adhesive type, the natural rubber based adhesives segment is projected to register a CAGR of 5.7% during 2021-2031.
- Cloth segment by backing type is estimated to create the highest incremental opportunity of US$ ~1.4 Bn during 2021-2031.
- By application, sealing segment followed by waterproofing segment and repairing segment are forecast to hold around 68% of the market share.
- 10 to 15 Mil segment under thickness is estimated to expand 1.9x times the current market value in the next ten.
- By end-use industry, the HVAC segment and building & construction segment are anticipated to expand at a CAGR of 5.8% and 6.4% respectively during 2021-2031.
- North America, Europe, and East Asia will register highest demand for duct tapes. These regions together are projected to hold approximately 68% of the market share by the end of 2031.
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“The need for strong sealing & repairing solutions among the various industries such as building & construction, shipping & logistics, HVAC, and others is fuelling the demand for adhesive tapes such as duct tapes,” says an FMI analyst.
Professional Grade Duct Tapes to Register High Demand
Manufacturers engaged in the production of duct tapes are offering various types of professional-grade duct tapes, which are helpful for a variety of household and industrial uses. Professional grade duct tapes offer excellent durability and increased holding power as compared to other filament tape alternatives, making them the most preferred adhesive tape type in the market. The increase in demand for duct tapes can be related to increased repair & maintenance works across all industries.
Duct Tapes Market by Category
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
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By Backing Type:
- Plastic
- Polyethylene
- Polyvinyl Chloride
- Polyester
- Foil
- Cloth
By Application:
- Sealing
- Repairing
- Holding
- Waterproofing
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