Rubber tape market are forecast to increase consistently during the ensuing years at a 4.4% CAGR, reaching US$ 1.4 Bn in 2032. Rubber tape sales are projected to expand by 1.6 times between 2022 and 2032 as a result of rising demand from the construction and electronics sectors.
The demand for heavy-duty adhesive materials is projected to rise as the industrialization of the world progresses. The electronic and electrical sectors have the largest need for rubber tapes to secure cables and equipment.
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.
For More Insights on this Market, Get A Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14313
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.
Are you looking for customized information related to the latest trends, drivers, and challenges? @ https://www.futuremarketinsights.com/customization-available/rep-gb-14313
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.
- Ask from the Market Research Expert @ https://www.futuremarketinsights.com/askus/rep-gb-14313
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.
Speak to Our Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-14313
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
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com