Global Electrical Tape Market Report and Forecast 2024-2032

Global Electrical Tape Market Outlook

The global electrical tape market size reached a value of around USD 14.54 billion in 2023. The market is expected to grow at a CAGR of 4.1% between 2024 and 2032, reaching a value of around USD 20.95 billion by 2032.

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Key Trends in the Market

Electrical tape, commonly referred to as electrical insulation tape, is a pressure-sensitive tape used to insulate electrical wires and other materials that transmit electricity as well as to replace damaged insulation. Electrical tapes are frequently utilised as insulation in electrical equipment frameworks, and in numerous other electrical applications. The electrical tape can be made of fabric, vinyl, or polymers, and provide superior resistance to UV rays, dust, moisture, acids, dirt, solvents, and temperature, which is driving the electrical tapes market growth.

• The expansion of the manufacturing sector in both developing and developed countries along with the increased public awareness of the advantages and benefits of electrical tapes are the major electrical tape market trends.

• Increased demand for electrical tapes from various industries due to their qualities including heat resistance and dielectric strength, as well as rising consumer preference for these tapes over traditional adhesive tapes due to their user-friendliness and safety, are driving the market's expansion.

• The electrical tape market growth is also being positively impacted by the global construction industry's rapid expansion and rising need for these tapes in a variety of colours and materials.

• Throughout the forecast period, technical developments, high levels of utilisation in the automotive sector, and increased consumer demand for environmentally friendly and sustainable pressure-sensitive tapes would likely further bolster the market.

Global Electrical Tape Market Analysis

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Based on material, the market is divided into PVC tapes, glass cloth tapes, and PET tapes, among others. The market on the basis of application is segmented into electrical and electronics, aerospace, and industrial, among others. The regional markets for electrical tape can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global electrical tape market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans. 

• tesa SE

• 3M Company

• Intertape Polymer Group

• Avery Dennison Corporation

• Nitto Denko Corporation

• HellermannTyton GmbH

• Teraoka Seisakusho Co., Ltd.

• Fujian Youyi Adhesive Tape Group Co., Ltd.

• A&G Manufacturing Co. Inc.

• Scapa Industrial

• Others

Market Share by Material

PVC tapes are anticipated to have a high revenue share among the material segments in the global electrical tape market due to their improved properties, which include suitability for insulation, bundling, maintenance, colour coding, general availability, and better protection of electrical wires and parts at a lower cost. The most popular type of electrical insulating tape is PVC tape, which is further supporting the electrical insulation tape market. PVC tapes are also abrasion and corrosion resistant, making them ideal for outdoor use.

Tapes made of glass cloth are preferred for extended exposure to hot temperatures. They are made of polyester film that has been fortified with glass fibre strands, influencing the electrical tape market price. These are frequently employed as layers of heat-stable insulation.

Market Share by Region

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Asia Pacific is anticipated to experience a high CAGR growth throughout the forecast period due to the increased demand for electrical tapes in electrical and electronic applications. It is anticipated that the growing number of end-use industries operating would propel the Asia Pacific market for electrical tape ahead. 

The Asia Pacific market benefits greatly from China and India. Electrical insulating tape consumption will likely rise as India's power networks continue to expand, driving up the market growth. The expansion of manufacturing, construction, telecommunications, and electrical firms would increase the demand for wire straps and other electrical equipment, hence increasing the demand for electrical tapes. As a result, the electrical tape market share is larger in the Asia Pacific region than in other regions.

Competitive Landscape

3M Company, headquartered in Minnesota in the United States and established in 1902, produces a wide range of goods, such as consumer electronics components, abrasives, sticky tape, and associated items. The company manufactures consumer, industrial, and safety items. Its key operating segments are Safety and Industrial, Transportation and Electronics, Health Care, and Consumer.

Intertape Polymer Group, with its headquarters in Florida, United States, is a global supplier of packaging and protective solutions for a variety of end markets. The company creates, produces, and markets a wide range of products, including protective packaging, woven and non-woven goods, paper and film-based pressure-sensitive and water-activated tapes, packaging equipment, and stretch and shrink films.

Avery Dennison Corporation, headquartered in the United States is a global materials science and manufacturing company that specialises in the design and production of a wide range of labelling and functional materials, including radio-frequency identification (RFID) inlays and tags, pressure-sensitive materials, and a variety of converted products and solutions. It was established in 1935 and manufactures tags, labels, tickets, and other transformed goods. The company provides services to a wide range of global industries, including fashion, food and grocery, pharmaceuticals, home and personal care, e-commerce, logistics, and automotive.

Other market players include tesa SE, Nitto Denko Corporation, HellermannTyton GmbH, Teraoka Seisakusho Co., Ltd., Fujian Youyi Adhesive Tape Group Co., Ltd., A&G Manufacturing Co. Inc., and Scapa Industrial, among others.

Key Highlights of the Report

Electrical Tape Market Report Snapshots

Electrical Tape Market Size

Electrical Tape Market Analysis

Electrical Tape Market Share

Electrical Tape Companies