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Packaging Application: Leading Market for Industrial Tapes

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Rohna Patnakar
Packaging Application: Leading Market for Industrial Tapes

The market for the Global Industrial Tapes Market has increased since the last decade because of the innovations in the industry. The global industrial tapes market is projected to reach USD 58,487.11 Million by 2020, at a CAGR of 6% from 2015 to 2020.

Browse 260 tables and 46 figures spread through 234 Pages and in-depth TOC on "Industrial Tapes Market”

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In the adhesives market industrial tapes have a considerable market size. Industrial tapes are extensively used to permanently bond and seal many substrates such as elastomers, foams, glass, and metals among others in a manner that enhances its strength, productivity, durability, and also improvises the product appearance. Industrial tapes can withstand harsh environment conditions such as high temperature, cold, temperature cycling, ultraviolet light, moisture and solvents.

Several innovations in designs and technological advancements have been witnessed by the industry in the last decade, which has helped industrial tapes to serve various end users such as manufacturing, automotive, electrical, construction, logistics, and aerospace.

Filament tapes are projected to grow the fastest in the industrial tapes market, because they can be used for various purposes such as closing corrugated fiberboard boxes, reinforcing packages, bundling items, and pallet unitizing. It is made of polypropylene or polyester film and fiberglass filaments which give it high tensile strength. Thus, they are widely used across businesses.

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The Industrial Tapes market is dominated by several large players such as The Dow Chemical Company (U.S.), Saint Gobain SA (France), 3M (U.S.), Henkel AG & Company, KGaA (Germany), Eastman Chemical Company (U.S.), Avery Dennison Corporation (U.S.), Ashland Inc. (U.S.), Sika AG (Switzerland), H.B Fuller (U.S.), and Von Roll Holding AG (Switzerland).

 

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