The globalinsulating adhesive tape marketsize is expected to reach USD 1.64 Billion in 2028 registering a CAGR of 2% over the forecast period, according to a latest report by Reports and Data. Major factor driving market revenue growth are rising awareness among manufacturers regarding the convenience of such tapes and robust growth in the construction industry.
Insulating adhesive tape is a form of pressure-sensitive tape used to insulate electrical wires and other electrically conducting materials. Insulating adhesive tape is available in a variety of polymers, but vinyl is a popular choice since it stretches well and provides excellent and long-lasting insulation. Pressure-sensitive tapes and adhesives are used in the electronics sector to insert parts directly into devices.
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Some Key Highlights in the Report:
- The insulating adhesive tape market is segmented on the basis of type into cloth, PVC, PET, and others. PVC insulating adhesive tape accounted for the largest revenue share in 2020.
- On the basis of application, the insulating adhesive tape market is segmented into electrical and electronics, communication, automotive, aerospace, and others. Of these, electrical and electronics segment is projected to account for the largest market revenue share due to the expansion of urbanization and industrialization will open up massive growth scope for the.
- AsiaPacific is expected to consistently account for the largest revenue share in the insulating adhesive tape market during the forecast period as sales of insulating tapes are the highest in this region.
- The Americas together hold the second largest market revenue share in the global insulating adhesive tape market and is expected to register a CAGR of 5.3% during the forecast period.
- The key players in the global insulating adhesive tape market are3M, Achem (YC Group), Tesa (Beiersdorf AG), Nitto, IPG, Scapa, Saint Gobin (CHR), Four Pillars, H-Old, Plymouth, Teraoka, Wurth, Shushi, Yongle, Yongguan adhesive, Sincere, Denka, Furukawa Electric.
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TypeOutlook (Revenue, USD Million; 2018 2028)
- Cloth
- PVC
- PET
- Others
Application Outlook (Revenue, USD Million; 2018 2028)
- Electrical and electronics
- Communication
- Automotive
- Aerospace
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
The Insulating Adhesive Tape market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Insulating Adhesive Tape market.
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Frequently Asked Questions Addressed in the Report:
- What is the estimated market revenue growth over the forecast period?
- What are the major factors driving the global Insulating Adhesive Tape market revenue growth?
- Which regional market is expected to account for the largest revenue share in the global Insulating Adhesive Tape market over the forecast years?
- Which are the leading players in the global Insulating Adhesive Tape market?
- What are the key outcomes of SWOT analysis and Porters Five Forces analysis of the market?
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