IMARC Group, a leading market research company, has recently releases report titled, “Electrical Tape Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global electrical tape market trends, share, size and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the electrical tape market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 13.2 Billion |
| Market Forecast in 2028 | US$ 17.5 Billion |
| Growth rate (2023 to 2028) | CAGR of 4.60% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is electrical tape?
Electrical tapes or electrical insulation tape are pressure-sensitive strips specifically designed for electrical applications. They are produced using fabric, vinyl, or polymer materials that can be easily wrapped around cables, and wires, to protect them from moisture and damage. They are fireproof, flexible, cost-effective, durable, easy to use and provide effective insulation against electricity. In addition, they offer excellent resistance to various external factors such as heat acids, dust, temperature, moisture, solvents, and ultraviolet (UV) rays, prevent damage to electrical components, and minimize the risk of electrical hazards. Owing to these benefits, electrical tape is gaining immense traction across the electrical, industrial, and aerospace sectors.
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What are the growth prospects and trends in the electrical tape industry?
The market is primarily driven by the increasing penetration of consumer electronics across the globe. In addition, the escalating demand for electrical tape over traditional tapes owing to their qualities, such as dielectric strength, user-friendliness, heat resistance, and safety, is contributing to the market growth. Moreover, the expanding aerospace and automotive sector, and the increasing sales of electric vehicles (EVs), represent another major growth-inducing factor. Electrical tape is extensively employed for safeguarding electrical components and wire harnessing in engine compartments, safety systems, infotainment, and spark plugs. Besides this, the widespread product application in the construction industry to insulate electrical splices, rebuild strands, and shield electrical connections on high-voltage wires and wire jacketing is providing a positive thrust to the market growth. Furthermore, the growing environmental awareness, implementation of various government initiatives to encourage the use of sustainable materials and recycling practices, the rising demand for eco-friendly sustainable pressure-sensitive electrical tapes that can be recycled and emit fewer volatile organic compounds (VOCs), and the extensive research and development (R&D) activities are other factors creating a favorable market outlook.
What is included in market segmentation?
The report has segmented the market into the following categories:
Material Insights:
- PVC Tapes
- Glass Cloth Tapes
- PET Tapes
- Others
Application Insights:
- Electrical and Electronics
- Aerospace
- Industrial
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- 3M Company
- A&G Manufacturing Co. Inc.
- Denka Company Limited
- Electro Tape Specialties Inc.
- HellermannTyton (Aptiv PLC)
- Intertape Polymer Group Inc.
- Nitto Denko Corporation
- Parafix Tapes & Conversions Ltd.
- Plymouth Rubber Europa S.A.
- PPM Industries UK Ltd. (PPM Industries SpA)
- ProTapes & Specialties Inc. (Shurtape Technologies LLC)
- Scapa Industrial
- tesa SE (Beiersdorf AG), etc.
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