Industrial tapes are highly specialized adhesive tapes that are used in a wide range of industrial applications. They are made to provide a strong bond between two surfaces and can be used for sealing, insulating, splicing, reinforcing, and protecting. Industrial tapes are used in a variety of industries and applications, including building, aerospace, automotive, and marine. Because of their versatility and ability to perform in a variety of industrial conditions, industrial tapes are expected to grow in demand.
The industrial tapes market is segmented on the basis of product type, end-user, application, tape backing material, mode of application, and region. The market is segmented and the value is projected, on the basis of regions such as North America, Europe, Asia-Pacific, and the Rest of the World (RoW), and is forecasted till 2020. The major countries in all the regions have been considered for this study.
In the adhesives market industrial tapes have a considerable market size. Industrial tapes are extensively used to permanently bond and seal many substrates such as elastomers, foams, glass, and metals among others in a manner that enhances its strength, productivity, and durability, and also improvises the product appearance. Industrial tapes can withstand harsh environmental conditions such as high temperature, cold, temperature cycling, ultraviolet light, moisture and solvents.
Several innovations in designs and technological advancements have been witnessed by the industry in the last decade, which has helped industrial tapes to serve various end users such as manufacturing, automotive, electrical, construction, logistics, and aerospace. Asia-Pacific is projected to grow the fastest from 2015 to 2020, because of the increasing manufacturing facilities and businesses in the region, due to which the demand of industrial tapes is increasing.
The industrial tapes market is marked with intense competition due to the presence of a large number of players. New product launches and acquisitions are the key strategies adopted by market players to expand their business in the industry. The Industrial Tapes market is dominated by several large players such as The Dow Chemical Company (U.S.), Saint Gobain SA (France), 3M (U.S.), Henkel AG & Company, KGaA (Germany), Eastman Chemical Company (U.S.), Avery Dennison Corporation (U.S.), Ashland Inc. (U.S.), Sika AG (Switzerland), H.B Fuller (U.S.), and Von Roll Holding AG (Switzerland).
