The rubber tapes market is anticipated to grow steadily over the coming years, 4.4% CAGR, and reach US$ 1.4 Bn in 2032. Between 2022 and 2032, rubber tape sales are anticipated to increase by 1.6 times as a result of rising demand from the electronics and construction industries.
As a result of the world’s rising industrialisation, there will likely be an increase in the need for heavy-duty adhesive materials. The highest demand for rubber tapes for sealing cables and equipment is seen in the electronic and electrical industries.
Rubber tapes are made from strong, long-lasting materials that are also waterproof. They come in a variety of adhesion qualities to meet the needs of end customers. The production of heavy-duty tapes for contractors and industrial project sites is the main emphasis of major players. For efficient sealing and minimising losses in industrial and infrastructural projects, heavy rubber tapes are crucial.
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Rubber tapes are increasingly being used for sealing, mending, and holding tasks across a variety of industries as a result of ongoing advances. Rubber tape may now cling to a variety of materials for a longer period of time thanks to new, enhanced adhesive technology. Rubber tapes made of a variety of rubbers and polymers can stick to heavy loads and withstand significant abrasion, expanding their range of uses internationally.
Further, these tapes are being used in the building & construction industry as an economical, and easy-to-use solution for indoor and outdoor construction activities. The availability of low and high tacking construction tapes makes it an ideal solution for indoor activities such as renovation, window, door and furniture and decorative paintings.
“Growing adoption of rubber insulation tapes in the electrics and electronics industry, along with increasing demand from the automotive industry will continue driving the rubber tapes market over the forecast period,” says the FMI analyst.
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Key Takeaways:
- Based on product type, sales in the ethylene-propylene rubber tapes segment will reach US$ 655.9 Mn in 2032.
- Total sales of rubber tapes having a thickness between 0.7mm and 0.9mm are expected grow at a 4.3% CAGR over the forecast period.
- Demand in the electrical and electronics sector will create an incremental opportunity of US$ 145.1 Mn over the forecast period.
- Applications of rubber tapes in the maintenance and repair segment will account for 39.3% of the total market share in 2022.
- Sales of rubber tapes in the U.S. are expected to offer an incremental opportunity of US$ 75.1 Mn over the forecast period.
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Rubber Tapes Market Landscape
Some of the key players dominating the global rubber tapes market are 3M Company, HellermannTyton Company, Scapa Group plc, tesa SE, Intertape Polymer Group Inc., Berry Global Inc., Nitto Denko Corporation, Atlantex Manufacturing Corp, Midsun Specialty Products, Inc., CS Hyde Company, MOCAP, LLC, Parafix Tapes & Conversions Ltd, Cole-Parmer Instrument Company, LLC, Senson Tek, ERGOM Z.A.E. Sp. z o.o, Godson Tapes Private Limited, 3A Associates Incorporated and Omega Rubber Industries.
- Leading players operating in the global rubber tapes market are investing in mergers, acquisitions and collaborations to expand their global presence in the market. For instance:
- In June 2021, Intertape Polymer Group announced an agreement to acquire Nuevopak Global Limited.
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Key Players:
- 3M Company
- HellermannTyton Company
- Scapa Group plc
- tesa SE
- Intertape Polymer Group Inc.
- Berry Global Inc.
- Nitto Denko Corporation
- Atlantex Manufacturing Corp
Global Rubber Tapes Market By Category
By Product Type :
- Ethylene Polypropylene Rubber (EPR) Rubber Tapes
- Polyisobutylene (PIB) Rubber Tapes
- Butyl Rubber Tapes
By Thickness :
- Up to 0.3 mm
- 0.4 mm to 0.6 mm
- 0.7 mm to 0.9 mm
By Application :
- Repairing & Protecting
- Insulation & Joining
- Waterproofing
- Sealing
- Others
By End-use Industry :
- Automotive
- Building & Construction
- Electrical & Electronics
- Aerospace & Defence
- General Industries
- Others
By Region :
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
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