According to market predictions, the barrier tape market is expected to generate a revenue of US$ 1.13 billion in 2023, and by 2033, it is projected to reach US$ 1.74 billion, with a CAGR of 4.4% from 2023 to 2033.
The increasing demand for safety tools, driven by infrastructure development and construction projects, is a significant factor contributing to the growth of the barricade tape market.
The construction sector, experiencing global expansion with numerous projects in progress, is a primary driver of the market. Construction companies are seeking effective solutions to demarcate hazard zones and ensure site safety, leading to a higher demand for barricade tape.
Growing safety awareness among customers is another factor fueling the demand for barrier tape. The use of vibrant colors in manufacturing barricade tape helps in clearly marking restricted areas, preventing potential accidents.
For More Insights on this Market, Get A Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2726
Barrier tapes are non-toxic and resistant to deterioration when removed from surfaces or covered with paint or wallpaper. Their anti-slip properties have led to increased usage, particularly in keeping people away from hazardous locations such as cliffs and abandoned buildings, which may be challenging to identify at night.
Prominent market players are focused on developing affordable barrier tape options that offer enhanced resistance against environmental elements like dust and ultraviolet (UV) rays. Additionally, some companies are producing biodegradable barrier tape to cater to sustainability concerns and reduce carbon footprints, thereby expanding their customer base.
In terms of revenue, North America is expected to hold a significant share of the global barricade tape market during the forecast period. The region’s growth can be attributed to increased infrastructure and construction activities, driving the demand for barricade tapes.
Key Takeaways
- The market in the United Kingdom is anticipated to rise, exhibiting a CAGR of 4.31% through 2033.
- The United States dominated the market in 2022 holding a 20.8% share of the global market.
- With a CAGR of 7.64% over the forecast period, India is predicted to develop rapidly in the market.
- The market in China is expected to proliferate, registering a CAGR of 6.87% over the forecast period.
- Germany accounted for 5.1% of the global market in 2022.
- The 6 to 8 mm sub-segment of the thickness segment acquired a 40.2% share in 2022.
- The plastic sub-segment of the material type segment attained a 62.3% share in 2022.
Get 20% Discount @ https://www.futuremarketinsights.com/request-discount/rep-gb-2726
Competitive Landscape:
The top manufacturers of the barricade tape market include 3M Company, Shurtape Technologies, LLC, Brady Corporation, Scapa Group PLC, Tesa SE, Surface Shields, Inc., Advance Tape International Ltd., Vibac Group S.p.a., Mutual Industries, Inc., Custom Tape Ltd, Intertape Polymer Group Inc., Yuyao Laisifu Houseware Co., LTD, Nitto Denko Corporation, Ningbo Teagol Adhesive Industry Co., LTD, MAS Corporation, and others.
These businesses have employed a range of tactics to surpass their competitors. They place a high priority on distinguishing their goods and services, increasing productivity and quality, offering exceptional customer service, implementing cost-saving strategies, and building a strong sense of brand awareness. They have boosted their clientele and income by creating new products, buying other companies, making alliances, reforming their organizations, and cooperating.
Recent Developments:
- In June 2022, different flame-resistant adhesive tapes were invented by Tesa. tesa® flameXtinct, a novel tape that has previously found success in the construction sector, is also now deployed in the commercial transportation system. These novel adhesive tapes are entirely halogen-free and self-extinguish in the incident of a fire within a limited time.
- In September 2020, the construction and development company Skanska USA and 3M revealed that all mainline harnesses bearing the 3M DBI-SALA® brand are likely to work seamlessly with 3M Fall Protection Suspension Trauma Safety Straps.
Enquire before purchasing this report @ https://www.futuremarketinsights.com/checkout/2726
Market Segmentation
By Thickness:
- Up to 2 mm
- 2 to 4 mm
- 4 to 6 mm
- 6 to 8 mm
- Above 8 mm
By Material Type:
- Plastic
- Polyethylene (PE)
- Polypropylene (PP)
- Polyethylene terephthalate (PET)
- Polyvinyl Chloride (PVC)
- Paper
- Aluminum Foil
- Cotton Fabric
By End Use:
- Industrial
- Building & Construction
- Automotive
- Mining
- Agriculture & Irrigation
- General Industrial
- Aerospace
- Non-Industrial
- Traffic Signs
- Crime Scenes
- Defense
- Restricted Areas
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East & Africa (MEA)
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