The rubber tapes market was worth US$ 914.3 Million in the year 2022 and is expected to reach US$ 1.41 Billion by the year 2032 at a CAGR of 4.4% between 2022 and 2032.
The automotive vertical is growing by leaps and bounds even in the emerging economies. This, in turn, calls for growing adoption of adhesive products like rubber tapes that prove to be ideal for insulating, sealing, and joining in diverse automotive parts.
The key participants are making way for various rubber tapes by making use of combination adhesives and backing materials for producing well-suited products for the high-performance applications in the industrial sector. There is self-fusing ethylene propylene rubber used to make high insulating voltage tapes that have snakeskin liners that could be easily removed as tape gets applied.
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At the same time, directives from various governments to curtail products’ and energy consumption to safeguard eco-friendliness is likely to hamper the rubber tapes market in the forecast period.
Future Market Insights has entailed these findings with insights in its latest market study entitled ‘Rubber Tapes Market’. It has its line of expertise in the form of analysts and consultants to deploy a 360-degree view with regards to primary, secondary, and tertiary modes of research.
“With growing expenditure on regular maintenance of equipment and machines is expected to drive the rubber tapes market in the forecast period”, says an analyst from Future Market Insights.
Key Takeaways from Rubber Tapes Market
- North America holds the largest market share with an ever-increasing demand for rubber tapes in electrical and electronics applications. Plus, the aerospace & defense vertical is into adoption of joining and insulating tapes.
- The Asia-Pacific is expected to grow at the quickest rate in the rubber tapes market in the forecast period with China being one of the largest markets for vehicles; followed by India. This is where rubber tapes are indispensable.
- Europe is expected to grow on the back of Germany and Italy; with the former being the flagbearer of Industry 4.0.
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Competitive Rubber Tapes
- Tesa SE, in January 2022, did announce of its new plant at Haiphone (Vietnam) with manufacturing capacity of 40 Million square meters of the adhesive tapes every single year.
- The other players in rubber tapes market include 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 Pvt. Ltd., 3A Associates Inc., and Omega Rubber Industries.
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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
- Middle East & Africa (MEA)
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