The strategies encompassed in this report mainly include new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others that boost their footprints in this Duct Tapes Market. This gives a more accurate understanding of the Duct Tapes Market landscape, issues that may affect the industry in the future, and how to best position specific brands. According to Future Market Insights (FMI), the duct tapes market will grow by 5.2% CAGR between 2021 and 2031.
This Duct Tapes Market research report contains a complete background analysis of the industry, which includes an assessment of the parental market. All the statistical and numerical that have been forecasted in this report is represented with the help of graphs, charts, or tables which makes this report more user-friendly. This Duct Tapes Market report contains a thorough description, competitive scenario, wide product portfolio of key vendors, and business strategy adopted by competitors along with their SWOT analysis and porter’s five force analysis. Whether it is about renewing a business plan, preparing a presentation for a key client, or giving recommendations to an executive, this Duct Tapes Market report will surely help you to a degree
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Duct tapes offer surface protection along with various other benefits such as durability, strength, temperature resistance, and others which makes them popular among the various end-use industries. They are available in different types as per the requirement of end users which adds to the sales of duct tapes across various regions.
Duct tapes also are available in different colors which are used for indicating some safety information or for coding or for sorting. The different colors make it easy for industries to provide information. Also, it can be used as a marketing & advertising tool which is an added benefit for end users. On the back of these factors, the demand for duct tapes is anticipated to grow during the forecast period.
Duct Tapes Market Landscape
- 3M Company
- Intertape Polymer Group Inc.
- Shurtape Technologies, LLC
- Berry Global Group Inc.
- Pro Tapes & Specialties, Inc.
- Nadco Tapes & Labels, Inc.
- MBK Tape Solutions
- International Plastics Inc.
- CS Hyde Company,
- Blue Dolphin Tapes,
- PPM Industries S.P.A,
- tesa SE Group,
- Scapa Group plc
- Advance Tapes International Ltd.
- Vibac Group S.p.A.
- Supertape BV
- SICAD S.p.A.
- Rotogal di Gallio Angelo & C. s.n.c
- Nar SpA
- BO.MA srl
- Globe Industries Corporation
- Bolex (Shenzhen) Adhesive Products Co. Ltd
- Nippon Industries
- Shree Shubh Industries
- Lares International
- Ajit Industries Private Limited (AIPL)
- Tape India (SHA KUNDNMAL MISRIMAL)
- Shanghai Yongguan Adhesive Productions Corp., Ltd
- Ritu Raj Tapes Pvt. Ltd.
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Key Takeaways from Duct Tapes Market
- By product type, the professional grade duct tapes segment is anticipated to remain the leading segment, accounting for around 37% of the market share by the end of 2031.
- Based on adhesive type, the natural rubber based adhesives segment is projected to register a CAGR of 5.7% during 2021-2031.
- Cloth segment by backing type is estimated to create the highest incremental opportunity of US$ ~1.4 Bn during 2021-2031.
- By application, sealing segment followed by waterproofing segment and repairing segment are forecast to hold around 68% of the market share.
- 10 to 15 Mil segment under thickness is estimated to expand 1.9x times the current market value in the next ten.
- By end-use industry, the HVAC segment and building & construction segment are anticipated to expand at a CAGR of 5.8% and 6.4% respectively during 2021-2031.
- North America, Europe, and East Asia will register highest demand for duct tapes. These regions together are projected to hold approximately 68% of the market share by the end of 2031.
“The need for strong sealing & repairing solutions among the various industries such as building & construction, shipping & logistics, HVAC, and others is fuelling the demand for adhesive tapes such as duct tapes,” says an FMI analyst.
Professional Grade Duct Tapes to Register High Demand
Manufacturers engaged in the production of duct tapes are offering various types of professional-grade duct tapes, which are helpful for a variety of household and industrial uses. Professional grade duct tapes offer excellent durability and increased holding power as compared to other filament tape alternatives, making them the most preferred adhesive tape type in the market. The increase in demand for duct tapes can be related to increased repair & maintenance works across all industries.
Customized Duct Tapes to Remain Highly Sought-after
Customization and personalization are major trends prevailing in duct tapes market. Along with industries, customers are also attracted towards the product that have the company’s brand name, logo or some other unique identification marks.
To meet the advanced needs of globally renowned brands, the trend of customization is largely followed in the duct tape market. Manufacturers of duct tapes are offering customized duct tapes to large corporate clients as per requirements, having a brand name or logo printed on the tapes. Also, they market it as a cost-effective marketing tool as compared to printed boxes and other packaging materials.
The customization trend is anticipated to grow over the forecast period and offer growth opportunities to duct tape market players.
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Duct Tapes Market by Category
By Product Type:
- Removable Duct Tapes
- Professional Grade Duct Tapes
- Utility Duct Tapes
- Specialized High Strength Duct Tapes
By Adhesive Type:
- Natural Rubber based Adhesives
- Synthetic Rubber based Adhesives
By Backing Type:
- Plastic
- Polyethylene
- Polyvinyl Chloride
- Polyester
- Foil
- Cloth
By Application:
- Sealing
- Repairing
- Holding
- Waterproofing
- Coding
- Strapping
- Splicing
- Others
By Thickness:
- <10 Mil
- 10 to 15 Mil
- >15 Mil
By End Use Industry:
- HVAC
- Building & Construction
- Shipping & Logistics
- Automotive
- Electrical & Electronics
- DIY Activities
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
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