The global Insulating Adhesive Tape Market size is expected to reach USD 1.64 Billion in 2028 registering a CAGR of 2% over the forecast period, according to a latest report by Reports and Data. Major factor driving market revenue growth are rising awareness among manufacturers regarding the convenience of such tapes and robust growth in the construction industry.
A key driving factor in the insulating adhesive tape market is the tendency toward miniaturization of electronic devices, particularly cell phones, portable personal computers, and tablets. One of the most common end-users of pressure-sensitive insulating adhesive tapes is the electronic and electrical appliances industry. The industry has been growing at a breakneck speed. More disposable income, changes in people's lifestyles, and increased reliance on the use of electronic devices are all factors driving electronic device sales around the world. Wire harnessing, electric insulation, automotive body repairs, masking, and surface protection are just a few of the applications for insulating adhesive tapes. Increasing use of insulating adhesive tape in automobile interior parts to give greater resistance and stickiness is expected to drive the insulating adhesive tape market over the forecast period.
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The key players in the global insulating adhesive tape market are 3M, Achem (YC Group), Tesa (Beiersdorf AG), Nitto, IPG, Scapa, Saint Gobin (CHR), Four Pillars, H-Old, Plymouth, Teraoka, Wurth, Shushi, Yongle, Yongguan adhesive, Sincere, Denka, Furukawa Electric.
Wire nuts and heat-shrink tubing are two electrical and thermal insulation replacements available on the market. In comparison to insulating adhesive tapes, these come at a more reasonable price.
Some Key Highlights in the Report:
The insulating adhesive tape market is segmented on the basis of type into cloth, PVC, PET, and others. PVC insulating adhesive tape accounted for the largest revenue share in 2020.
On the basis of application, the insulating adhesive tape market is segmented into electrical and electronics, communication, automotive, aerospace, and others. Of these, electrical and electronics segment is projected to account for the largest market revenue share due to the expansion of urbanization and industrialization will open up massive growth scope for the.
Asia Pacific is expected to consistently account for the largest revenue share in the insulating adhesive tape market during the forecast period as sales of insulating tapes are the highest in this region.
The Americas together hold the second largest market revenue share in the global insulating adhesive tape market and is expected to register a CAGR of 5.3% during the forecast period.
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Segments covered in the report:
This report forecasts revenue growth at a global, regional, and country level and provides an analysis of the industry trends in each of the sub-segments from 2020 to 2027. For the purpose of this study, Reports and Data has segmented the insulating adhesive tape market on the basis of type, application, and region:
Type Outlook (Revenue, USD Million; 2018 – 2028)
Cloth
PVC
PET
Others
Application Outlook (Revenue, USD Million; 2018 – 2028)
Electrical and electronics
Communication
Automotive
Aerospace
Others
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Regional Outlook (Revenue, USD Billion; 2018 – 2028)
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
About Reports and Data
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