Electrical Tape Market 2023-2028 | Industry Growth, Size, Trends and Forecast

According to the latest report by IMARC Group, titled, “Electrical Tape Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global electrical tape market size reached US$ 13.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.60% during 2023-2028.

Electrical tapes or electrical insulation tape are pressure-sensitive strips specifically designed for electrical applications. They are produced using fabric, vinyl, or polymer materials that can be easily wrapped around cables, and wires, to protect them from moisture and damage. They are fireproof, flexible, cost-effective, durable, easy to use and provide effective insulation against electricity. In addition, they offer excellent resistance to various external factors such as heat acids, dust, temperature, moisture, solvents, and ultraviolet (UV) rays, prevent damage to electrical components, and minimize the risk of electrical hazards. Owing to these benefits, electrical tape is gaining immense traction across the electrical, industrial, and aerospace sectors.

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/electrical-tape-market/requestsample

Electrical Tape Market Trends and Drivers:

The market is primarily driven by the increasing penetration of consumer electronics across the globe. In addition, the escalating demand for electrical tape over traditional tapes owing to their qualities, such as dielectric strength, user-friendliness, heat resistance, and safety, is contributing to the market growth. Moreover, the expanding aerospace and automotive sector, and the increasing sales of electric vehicles (EVs), represent another major growth-inducing factor. Electrical tape is extensively employed for safeguarding electrical components and wire harnessing in engine compartments, safety systems, infotainment, and spark plugs. Besides this, the widespread product application in the construction industry to insulate electrical splices, rebuild strands, and shield electrical connections on high-voltage wires and wire jacketing is providing a positive thrust to the market growth. Furthermore, the growing environmental awareness, implementation of various government initiatives to encourage the use of sustainable materials and recycling practices, the rising demand for eco-friendly sustainable pressure-sensitive electrical tapes that can be recycled and emit fewer volatile organic compounds (VOCs), and the extensive research and development (R&D) activities are other factors creating a favorable market outlook.

Electrical Tape Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

• 3M Company
• A&G Manufacturing Co. Inc.
• Denka Company Limited
• Electro Tape Specialties Inc.
• HellermannTyton (Aptiv PLC)
• Intertape Polymer Group Inc.
• Nitto Denko Corporation
• Parafix Tapes & Conversions Ltd.
• Plymouth Rubber Europa S.A.
• PPM Industries UK Ltd. (PPM Industries SpA)
• ProTapes & Specialties Inc. (Shurtape Technologies LLC)
• Scapa Industrial
• tesa SE (Beiersdorf AG), etc.

The report has segmented the market based on material, and application.

Material Insights:

• PVC Tapes
• Glass Cloth Tapes
• PET Tapes
• Others

Application Insights:

• Electrical and Electronics
• Aerospace
• Industrial
• Others

Breakup by Region:

• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

Ask Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/electrical-tape-market

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact us:

IMARC Group
Email: [email protected]
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group