The ‘Electrical Tape Global Market Share, Size, Price, Trends, Report and Forecast 2023-2028’ by Expert Market Research, gives an extensive outlook of the global electrical tape market, assessing the market based on its segments like material, application, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Electrical Tape Market Share, Size, Growth, Trends, Industry Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): USD 13.95 billion
• Forecast CAGR (2023-2028): 4.20%
• Forecast Market Size (2028): USD 17.77 billion
The market for electrical tapes is growing as a result of rising consumer preference for electrical tapes over traditional adhesive tapes due to their user-friendliness and safety as well as increased demand for electrical tapes from various industries due to their qualities such as heat resistance and dielectric strength. The booming worldwide construction sector’s need for these tapes in a range of colours and materials is also having a beneficial impact on the electrical tape market growth.
Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/electrical-tape-market/requestsample
Technical advancements, increasing usage in the automotive industry, and rising consumer desire for ecologically friendly and sustainable pressure-sensitive tapes are all expected to support the market for electrical tapes throughout the forecast period. The growth of the manufacturing sector in both developing and developed nations, as well as the increased public awareness of the advantages and benefits of electrical tapes are also expected to support the electrical tape market growth.
Electrical Tape Industry Definition and Major Segments
Electrical tape, also known as electrical insulation tape, is a pressure-sensitive tape that is used to repair and insulate electrical wires as well as other materials that are able to conduct electricity. Electrical tapes can be constructed of cloth, vinyl, or polymers and are extensively used in many different electrical applications, including as insulation in the frameworks of electrical equipment. The expansion of the electrical tapes market is being fuelled by the electrical tapes’ excellent resistance to UV radiation, dust, moisture, acids, dirt, solvents, and temperature.
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/electrical-tape-market
Based on material, the market is divided into:
• PVC Tapes
• Glass Cloth Tapes
• PET Tapes
On the basis of application, the market is segmented into:
• Electrical and Electronics
Based on region, the market is categorised into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Electrical Tape Market Trends
PVC tapes are predicted to have a high revenue share among the material segments in the global electrical tape market due to their improved properties, which include suitability for insulation, bundling, maintenance, colour coding, general availability, and better protection of electrical wires and parts at a lower cost. PVC tapes are suited for outdoor application since they are durable and corrosion resistant. The wide usage of PVC electrical insulating tapes is a key trend in the market for electrical insulation tape.
Glass cloth tapes are advisable when exposure to high temperatures for an extended period of time is likely. They are made of polyester film that has been strengthened with glass fibre strands and are widely used as heat-resistant insulating layers.
Due to the rising demand for electrical tapes in electrical and electronic applications, the market in the Asia Pacific is predicted to develop at a high CAGR over the forecast period. The expansion of end-use industries is predicted to further boost the electrical tape market in the Asia Pacific region.
Key Market Players
The major players in the global electrical tape market are:
- tesa SE
- 3M Company
- Intertape Polymer Group
- Avery Dennison Corporation
- Nitto Denko Corporation
- HellermannTyton GmbH
- Teraoka Seisakusho Co., Ltd.
- Fujian Youyi Adhesive Tape Group Co., Ltd.
- A&G Manufacturing Co. Inc.
- Scapa Industrial
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers, and acquisitions, among other latest developments of the major market players.
Peripheral Neuropathy Treatment Market: https://www.marketwatch.com/press-release/peripheral-neuropathy-treatment-market-size-share-price-trends-growth-analysis-report-forecast-2023-2031-2023-05-23?mod=search_headline
Precision Guided Munition Market: https://www.marketwatch.com/press-release/precision-guided-munition-market-size-share-price-trends-growth-analysis-report-forecast-2023-2028-2023-05-24?mod=search_headline
Organic Peroxide Market: https://www.marketwatch.com/press-release/organic-peroxide-market-share-size-trends-price-growth-analysis-report-forecast-2023-2028-2023-05-24?mod=search_headline
Intraocular Lens Market: https://www.marketwatch.com/press-release/intraocular-lens-market-trends-price-share-size-growth-analysis-report-forecast-2023-2028-2023-05-24?mod=search_headline
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium-scale enterprises.
EMR customises syndicated reports according to client’s requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate, and actionable industry intelligence so that they may formulate informed, effective, and intelligent business strategies and ensure their leadership in the market.
Company Name: Claight Corporation
Contact Person: John Walker, Corporate Sales Specialist – U.S.A.
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA