Global Utility Grade Duct Tapes Market, By Backing Material (Foil, Plastic, Cloth), Application (Repairing, Sealing, Waterproofing, Holding, Strapping), End User (Logistics, Shipping, Building and Construction, HVAC), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Utility Grade Duct Tapes Market
The utility grade duct tapes market is expected to witness market growth at a rate of approximately 6.1% in the forecast period of 2021 to 2028, and will reach the value of USD 2,300 million by 2028. Data Bridge Market Research report utility grade duct tapes market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rapid urbanization globally is escalating the growth of utility grade duct tapes market.
The utility duct tapes refer to the type of tape that is utilized as a masking tape on floors or any kind of surfaces. These tapes are known to have excellent tensile strength, easy to tear and abrasion resistance. These features make these tapes make them an ideal choice as masking tape for smooth and delicate surfaces. These products are widely used in the insulation of electrical applications.
The growth of the packaging industry and the construction sector across the globe acts as one of the major factors driving the growth of utility grade duct tapes market. The variety of roles of the utility grade duct tapes in a number of sectors due to their diverse applicability for packaging as well as repairing, and availability of environmentally viable utility grade duct tapes accelerate the market growth. The high utilization of duct tapes in a variety of industrial functions and home improvement, and rise in inclination towards duct tapes owning to their properties such as excellent holding power, durability and removal properties further influence the market. Additionally, breakthrough in new technologies, growth in awareness, and high export of electronic goods positively affect the utility grade duct tapes market. Furthermore, increase in of customized duct tapes extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, leakages through duct tapes resulting in-home energy waste and concerns regarding inefficiency in extreme conditions are expected to obstruct the market growth. The negative impact of COVID-19 on various industries is projected to challenge the utility grade duct tapes market in the forecast period of 2021-2028.
This utility grade duct tapes market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on utility grade duct tapes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Utility Grade Duct Tapes Market Scope and Market Size
The utility grade duct tapes market is segmented on the basis of backing material, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of function, the utility grade duct tapes market is segmented into foil, plastic and cloth.
- On the basis of application, the utility grade duct tapes market is segmented into repairing, sealing, waterproofing, holding and strapping.
- On the basis of end user, the utility grade duct tapes market is segmented into logistics, shipping, building and construction and HVAC.
Utility Grade Duct Tapes Market Country Level Analysis
The utility grade duct tapes market is analyzed and market size, volume information is provided by country, backing material, application and end user as referenced above.
The countries covered in the utility grade duct tapes market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the utility grade duct tapes market due to the environmental safety policies within the region. Asia-Pacific is expected to witness fastest growth during the forecast period of 2021 to 2028 because of the high export of electronic goods in the developing countries in the region.
The country section of the utility grade duct tapes market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Utility Grade Duct Tapes Market Share Analysis
The utility grade duct tapes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to utility grade duct tapes market.
The major players covered in the utility grade duct tapes market report are Ritu Raj, ADH TAPE, Advance Tapes International, globetape, CS Hyde Company, International Plastics Inc., MBK Tape Solutions, NADCO Tapes & Labels, Inc., 3M, Lixin Adhesive Technology (Shanghai) Co., Ltd., PPM Industries SpA., Beijing Yanuo Adhesive Products Co., Ltd, ABLE123, Pro Tapes & Specialties, Inc, Infinity Tapes., and Western Container Corporation, Scapa Group plc, and Ajit Industries Pvt. Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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