Research and Markets: Industrial Tapes Market by Product Type, End User, Application, Tape Backing Material, Mode of Application – Forecast to 2020
September 10, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/rtd6w8/industrial_tapes) has announced the addition of the “Industrial Tapes Market by Product Type, End User, Application, Tape Backing Material, Mode of Application – Forecast to 2020” report to their offering.
The industrial tapes market has been growing with the growth of the global adhesives industry. With the increasing demand for innovative taping solutions with high strength and capacity to resist temperature changes and toxic chemicals, industrial tapes has become one of the most applied solutions for many purposes.
Increasing industrialization and development of various manufacturing and business hubs in developing countries due to the availability of low cost resources have resulted in the increase in the demand of industrial tapes in the Asia-Pacific region. Filament tapes accounted for the largest share in the industrial tapes market in 2014.
The industrial tapes market is projected to reach USD 58,487.11 Million by 2020. The Asia-Pacific region is projected to grow fastest during the forecast period, that is, from 2015 to 2020.
The growth of the industrial tapes market is primarily driven by the following factors:
- Vast market serving several industries
- Globalization
- Low barrier to entry
- Growing industry
Filament tapes are projected to grow the fastest in the industrial tapes market, because they can be used for various purposes such as closing corrugated fiberboard boxes, reinforcing packages, bundling items, and pallet unitizing. It is made of polypropylene or polyester film and fiberglass filaments which give it high tensile strength. Thus, they are widely used across businesses.
The industrial tapes market is marked with intense competition due to the presence of a large number of players. The market for this industry is highly fragmented because of the small and medium scale manufacturers. New product launches and acquisitions are the key strategies adopted by the market players to ensure their growth in the industrial market.
Key Topics Covered
- Introduction
- Research Methodology
- Executive Summary
- Premium Insights
- Market Overview
- Industrial Tapes Market, By Product Type
- Industrial Tapes Market, By End User
- Industrial Tapes Market, By Region
- Competitive Landscape
- Company Profiles
- Appendix
Companies Mentioned
- Ashland
- Avery Dennison
- Eastman Chemical
- H.B. Fuller
- Henkel Ag & Company Kgaa
- Saint Gobain
- Sika
- The Dow Chemical Company
- Von Roll Holding
For more information visit http://www.researchandmarkets.com/research/rtd6w8/industrial_tapes
View source version on businesswire.com: http://www.businesswire.com/news/home/20150910006815/en/
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Sector: Process and Materials, Packaging