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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
Electrical Tape Market Report Snapshots
Electrical Tape Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global market for electrical tape attained a value of nearly USD 14.54 billion.
The market is projected to grow at a CAGR of 4.10% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 20.95 billion by 2032.
The major drivers of the electrical tape market include the growth of construction industry, technological advancements, high utilisation in the automotive sector, and expansion of manufacturing sector.
The increasing preference towards electrical tapes over traditional adhesive tapes due to their characteristics, rising demand for environmentally friendly and sustainable pressure-sensitive tapes, and the heightening demand for electrical tapes in electrical and electronics applications are the key trends propelling the growth of the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major players in the market are 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., and Scapa Industrial, among others.
Vinyl electrical tape is UL Listed and capable of withstanding currents of up to 600V, can work at temperatures up to 176 degrees Fahrenheit, and is also immune to fire, UV rays, oil, moisture, acids, alkalies, and damage from impact or abrasion.
Electricity-conducting materials, specifically electrical wires, are insulated using electrical tape which is pressure-sensitive. It prevents electrical current from unintentionally flowing through other wires, which could result in a short or possibly ignite an electrical fire.
The various materials used for electrical tapes include PVC tapes, glass cloth tapes, and PET tapes, among others.
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