Filament tapes, also known as strapping tapes or filament-reinforced tapes, are a type of pressure-sensitive adhesive tape with added fiberglass filaments for reinforcement. They are widely used across various industries for applications ranging from bundling and securing to packaging and reinforcing. The global filament tapes market growth has been steadily growing, and this article provides an overview of its trends, growth factors, and key industry insights.
Applications Across Industries:
Filament tapes are versatile and find applications in several industries:
- Packaging: Filament tapes are commonly used for sealing and reinforcing boxes, particularly those that contain heavy or valuable items. Their high tensile strength makes them ideal for this purpose.
- Construction: In the construction industry, these tapes are used for various applications, such as holding construction materials together, securing insulation, and as a temporary fix for damaged structures.
- Manufacturing: Manufacturers use filament tapes to secure parts during production, bundle products, and reinforce critical joints and connections.
- Shipping and Logistics: Filament tapes are indispensable in the shipping industry, especially for sealing and securing packages to withstand the rigors of transportation.
Market Growth Drivers:
Several factors contribute to the growth of the filament tapes market:
- E-commerce Boom: The rapid growth of e-commerce has increased the demand for secure and reliable packaging solutions, driving the use of filament tapes for shipping.
- Construction and Infrastructure Development: As construction and infrastructure projects continue to grow worldwide, the demand for reliable, strong adhesive tapes for various applications is increasing.
- Manufacturing and Industrial Growth: The manufacturing sector relies on filament tapes for various industrial applications, including securing and bundling heavy equipment and materials.
- Sustainability: Some filament tapes are designed to be environmentally friendly, aligning with the global trend toward sustainable practices and materials.
Challenges and Innovations:
The filament tapes market is not without its challenges:
- Competition: The market is highly competitive, with numerous players offering a range of products. This competition drives innovation and the development of specialized tapes for specific applications.
- Regulations: Adhesive tape products are subject to regulations, and manufacturers must ensure compliance with safety and environmental standards.
- Environmental Concerns: The industry is increasingly focused on sustainability, leading to innovations in recyclable and biodegradable filament tapes.
Global Market Overview:
The global filament tapes market is distributed across regions such as North America, Europe, Asia-Pacific, and beyond. The Asia-Pacific region, in particular, is a significant contributor to market growth due to its booming manufacturing sector and expanding e-commerce industry.
Conclusion:
The filament tapes market is a dynamic and essential sector within the broader adhesive tape industry. Its growth is driven by the diverse range of applications it serves and the increasing demand in industries like e-commerce, construction, and manufacturing. As technology and environmental concerns evolve, so does the filament tapes market, with innovations and advancements that continue to shape the industry's landscape. In an increasingly interconnected and globalized world, the role of these tapes in securing and enhancing various products and materials remains crucial.
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”Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=11202572In 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.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=11202572The 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).
