Electrical Tapes Market Analysis 2018: Global Size, Share, Trends, Key Players, Emerging Technologies, Regional and Competitive Forecast to 2023

Pune, India -- (SBWire) -- 07/16/2018 --Electrical Tapes Market research report is helpful for future strategy development, and to know about Global Electrical Tapes Market Drivers, Restraints, Opportunities, and key player's outlook. The global Electrical Tapes Market is highly competitive. The market players are leveraging various strategies such as acquisitions, partnerships, and investments to stay ahead of the competition in the global Electrical Tapes Market. The market participants are trying to come up with advancements in the Electrical Tapes Industry.

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Competitive Landscape:

Electrical Tapes Market Key Players Analyzed are:

Avery Dennison Corporation (U.S.), Intertape Polymer Group Inc. (Canada), HellermannTyton (U.K), The 3M Company (U.S.), Nitto Denko Corporation (Japan), Teraoka Seisakusho Co., Ltd. (Japan), Plymouth Rubber Europa, S.A. (Spain), ProTapes & Specialties, Inc. (U.S.), Electro Tape Specialties, Inc. (U.S.), H-old S.P.A (Italy), PPM Industries UK LTD (U.K), Euro Tapes Pvt. Ltd (India), Godson Tapes Private Limited (India), and Parafix Tapes & Conversions Ltd. (U.K).

Global Electrical Tapes Market to grow at highest CAGR during forecast period of four years from 2018. Electrical Tapes Market is segmented by Type (PVC Electrical Tape, Cloth Electrical Tapes, Rubber Tapes, Polyimide Tapes, Polyester Film Tapes, Others), by Application (Construction, Electrical/Electronic, Aerospace, Automotive, Others) and by Region in this report.

Market Scenario:

The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.

Electric tape is available in multiple colors, which have different properties. Electrical color code describes which wire has correct configuration of an electrical system, which is paramount for safety. Every color used for electrical wiring has a specific meaning, with different colors indicating different circuit types and purposes. In some countries, all permissible wiring colors are specified by the governing body, while the colors used for some types of wiring are established by local practices followed by electrical contractors and electricians. Thus, wiring color may vary from country to country. American electrical contractors and electricians are required to follow the National Electrical Code (NEC) about wiring colors. Each color of electrical tape represents a certain voltage level and usage designation for phasing tasks. 

Volatile raw material prices are acting as a restraint to the growth of the electrical tapes market. Price and availability of raw materials are the key factors for tape manufacturers to decide the cost structure for their products. Rubber, PVC, cloth, and polyester films are the raw materials used in the manufacturing of electrical tapes. Most of these raw materials are petroleum-based derivatives, and there are fluctuations in commodity prices. The adhesives industry is affected by high manufacturing costs resulting from increased energy costs. In the automotive industry, adhesives have become a key technology and continue to replace other fixing methods. Tape is a major solution for the wide range of applications in the automotive industry, which include attachment part mounting, cable mounting, hole covering, interior mounting, mirror assembling, surface protection, wire harnessing, and masking. It plays an important role in the vehicle manufacturing process from the body shop to final assembly point. The planned ban on petrol and diesel car sales by 2040 will change the automotive industry scenario. An electric car's battery generates heat and voltage that needs to be shielded to ensure user safety. Hence, a company, Tesa, has produced a double-sided tape and special film that ensures no power surges occur, with batteries having the ability to survive temperatures up to 150°C. With the continuing drive to keep vehicle weight to a minimum, tapes are offering an advantage over traditional mechanical fixings. This aptly highlights the need and scope for the electrical tapes market in the automotive industry.

Segmentation:

The electrical tapes market is segmented on the basis of type, application, and region. On the basis of type, the maximum market share is possessed by the PVC electrical tape. Polyvinyl chloride is a thermoplastic polymer that possesses excellent mechanical properties, better insulation ability, and higher resistance to chemicals used in industrial applications. PVC electrical tapes are ideal products for masking during the chemical plating process. The cloth electrical tape is the second highest revenue generating type. Cloth electrical tapes have the least dielectric strength. However, they have excellent mechanical properties, which are required for wrapping small electrical components and coil windings and fixing and repairing cables or electrical equipment. Rubber tapes are the third largest revenue generating type of tape. Rubber tapes are shelf stable tapes that possess excellent electrical properties. These wires can be stretched to a great extent, without affecting their physical and electrical properties. PVC electrical tape accounted for the largest market share in 2017 and is estimated to witness a CAGR of 6.02%.

Regional Analysis:

Asia Pacific has consistently dominated the market during the forecast period because the sales of electrical tapes are the highest in this region. There is a substantial increase in the number of industries operating in the automotive, construction, electronics, and healthcare sectors. This rise will lead to the increased requirement of wiring harness and other electrical components, which, in turn, would lead to a rise in the need for electrical insulation. Thus, the demand for electrical tapes in the Asia Pacific region is more compared to other regions. The global electrical tapes market in Asia Pacific is estimated to witness a CAGR of 5.67% during the forecast period and holds the largest market share.

Americas include the U.S., Canada, and Rest of Americas. Similarly, the . The region together holds the second largest market share in the global electrical tapes market and is estimated to witness a CAGR of 5.37% during the forecast period. Americas is expected to display a moderate demand for tapes. In the U.S., the expansion of the food and beverage sector is indirectly benefitting the pressure sensitive tapes market due to the need for corrugated packaging. Increasing awareness about the utilization of environment-friendly tapes to abide by governmental regulations is the major factor contributing to the growth of the electrical tapes market.

The report for Global Electrical Tapes Market of Market Research Future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance.

List of Tables:

TABLE 1 MARKET SYNOPSIS

TABLE 2 LIST OF ASSUMPTIONS

TABLE 3 GLOBAL ELECTRICAL TAPE MARKET, BY TYPE, 2014-2023 (USD MILLION)

TABLE 4 GLOBAL ELECTRICAL TAPE MARKET, BY APPLICATION, 2014-2023 (USD MILLION)

TABLE 5 GLOBAL ELECTRICAL TAPE MARKET, BY REGION, 2014-2023 (USD MILLION)

TABLE 6 AMERICAS: ELECTRICAL TAPE MARKET, BY COUNTRY, 2014-2023 (USD MILLION)

TABLE 7 AMERICAS: ELECTRICAL TAPE MARKET, BY TYPE, 2014-2023 (USD MILLION)

TABLE 8 AMERICAS: ELECTRICAL TAPE MARKET, BY APPLICATION, 2014-2023 (USD MILLION)

TABLE 9 U.S.: ELECTRICAL TAPE MARKET, BY TYPE, 2014-2023 (USD MILLION)

TABLE 10 U.S.: ELECTRICAL TAPE MARKET, BY APPLICATION, 2014-2023 (USD MILLION)

Continued…

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