Industrial Tape Market Outlook by Size, Share, Demand & Growth from
2033
The global industrial tape market registered an astonishing CAGR of 6.8% in
the historical period between 2018 and 2022. The global market is anticipated to
reach US$ 19.1 billion by 2033. It is estimated to record a steady CAGR
of 5.3% in the review period 2023 to 2033. It is likely to attain a valuation
of US$ 11.4 billion in 2023.
The industrial tape market is a dynamic segment in the tape industry. Industrial
tape is a material with a specialized non-adhesive layer used for diverse
applications in several industries. They are essential in sealing, bonding,
insulating, protecting, and marking materials and surfaces in industrial
environments.
Industrial tape has backing materials that can be made from a variety of
substrates, including fabric, paper, plastic film, foam, and metal foil. The choice
of substrate material depends on the precise application and performance
necessities.
Diverse adhesive designs are used in industrial tape, from rubber, acrylic, and
silicone-based adhesives to specialty adhesives such as conductive or hightemperature resistant adhesives. The type of adhesive is preferred based on
aspects such as the substrate, ecological conditions, and required bond strength.
The market includes specialty tapes for exclusive applications, such as doublesided, foam, conductive, medical, high-temperature, and more. These ranges
cater to precise industries or needs. Interest in producing environmentally
friendly tapes is increasing due to ecological concerns and supervisory
pressures. Manufacturers are discovering sustainable production and sourcing
methods.
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Manufacturers progressively offer customized solutions to meet exact industry
and application necessities. This involves adjusting the adhesive formulation,
base material, and dimensions to meet individual needs. Leading industrial tape
producers often have a worldwide presence. They serve the domestic market
and export goods to regions around the world.
The industrial tape market is an indispensable part of several industries to
operate smoothly. Its versatility and ability to provide reliable connections in
different environments make it essential to modern industrial procedures.
Key Takeaways from the Industrial Tape Market Report
The United States industrial tape industry is projected to reach US$ 3.6
billion in the forecast period.

The United Kingdom industrial tape industry is set to be valued at US$
714.8 million by 2033.

China’s industrial tape industry will likely reach a valuation of US$ 5.0
billion by 2033.

Japan’s industrial tape industry is estimated to reach a valuation of US$
3.8 billion by 2033.

Based on product, the duct segment is set to witness a CAGR
of 5.1% from 2023 to 2033.
“The growth of the healthcare sector in developing economies is expected to
create productive growth opportunities for the global market. Volatility in raw
material prices is the main factor expected to limit the development of the
target business during the forecast period. Asia Pacific is projected to witness
growth during the adhesive tape market in the assessment period owing to the
leading consumption from nations such as India and China.” – Says Nikhil
Kaitwade (Associate Vice President at Future Market Insights, Inc.)
Competitive Landscape
Leading players in the industrial tape market are introducing new and
innovative products to meet the growing demand. Key companies are entering
new markets in developing regions to increase their customer base and
presence. Large companies can employ several strategies, including new
product development, mergers, joint ventures, acquisitions, and geographic
growth. They do this to advance market penetration and meet business
requirements.
Key Companies Profiled

Avery Dennison Corporation

Budnick Converting, Inc.

Compagnie de Saint-Gobain S.A.

Cosmos Tapes & Labels Private Limited

Daest Coating India Pvt Ltd

Duraco, Inc

Eastman Chemical Company
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