Global Vinyl Electrical Tape Market, By Material (Plastic, Rubber), Thickness (Below 5 mil., 5-7 mil., 7-10 mil, Above 10 mil), Application (Building & Construction, Electrical & Electronics, Others), Type (Cloth Electrical Tape, PVC Electrical Tape, PET Electrical Tape, Other), 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 Vinyl Electrical Tape Market
Vinyl electrical tape market will grow at a rate of 4.40% for the forecast period of 2021 to 2028. Increase in per capita income in the emerging economies has led to an increase in the demand for merchandise by more than 1.5x in the last few years which acts as an essential factor driving the vinyl electrical tape market.
Vinyl electrical tapes are basically used in low voltage applications for primary insulation and complex wrapping. They are preferred by end user in identification of electrical phases, piping, leads, construction field for marking and safety areas. The most preferable thickness used for bundling and harnessing cables is 7 mil and above in the United States. It has also come into notice that PVC- backed vinyl electrical tapes are used to reinforce and replace cable jackets in low, medium and high voltages.
Rising demand from the emerging economies due to the high economic growth rate is the major factor escalating the market growth, also increase in consumption of goods has expanded the electrical and electronic industry which directly imposes a positive reflection on the market, rising manufacturing sector in developing and developed countries, increasing awareness regarding benefits related to tapes, these tapes are also used to insulate and protect electrical components in many industries due to heat resistance and dielectric strength properties which creates a positive impact on the market and rising construction industry in developing and developed countries along with increasing demand for electrical tape in various color codes for ensuring safety are the major factors among others propelling the growth of vinyl electrical tape market. Moreover, increasing usage of electrical tapes in the automotive industry for numerous end uses along with technological advancements will further create new opportunities for the vinyl electrical tape market in the in the forecast period of 2021- 2028.
However, rising fluctuation in the prices of raw material prices of electrical tape is a vital factor among others restraining the market growth, and further challenge the growth of vinyl electrical tape market.
This vinyl electrical tape market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 vinyl electrical tape market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Vinyl Electrical Tape Market Scope and Market Size
Vinyl electrical tape market is segmented on the basis of material, thickness, application and type. 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 material, the vinyl electrical tape market is segmented into plastic and rubber. Plastic has been further segmented into polyvinyl chloride, polyethylene, polypropylene and others.
- Based on thickness, the vinyl electrical tape market is segmented into below 5 mil., 5-7 mil., 7-10 mil and above 10 mil.
- Based on application, the vinyl electrical tape market is segmented into building and construction, electrical and electronics and others.
- The vinyl electrical tape market is also segmented on the basis of type into cloth electrical tape, PVC electrical tape, PET electrical tape and other.
Global Vinyl Electrical Tape Market Country Level Analysis
Vinyl electrical tape market is analysed and market size, volume information is provided by material, thickness, application and type as referenced above.
The countries covered in the vinyl electrical tape 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.
Asia-Pacific dominates the vinyl electrical tape market due to increasing number of skyscrapers in the United Arab Emirates, rising government policies in favor of manufacturing industry, increasing availability of raw material and labor at low cost are motivating vinyl electrical tapes manufacturers in this region.
The country section of the vinyl electrical tape 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 Vinyl Electrical Tape Market Share Analysis
Vinyl electrical tape 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 vinyl electrical tape market.
The major players covered in the vinyl electrical tape market report are 3M, Can-Do National Tape, Parafix Tapes & Conversions Ltd, HellermannTyto, Electro Tape Specialties, Inc., Bron Tapes, Inc., Godson Tapes Pvt. Limited., Euro Tapes Private Limited (Unit Of Euro Technologies), PPM Industries UK, Saint-Gobain Performance Plastics h-old S.p.A, Pro Tapes & Specialties, Inc., Plymouth Rubber Europa, S.A., Teraoka Seisakusho co.,Ltd, NITTO DENKO CORPORATION, AVERY DENNISON CORPORATION. Berry Global Inc and FURUKAWA ELECTRIC CO., 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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