Filament Tapes Market High Growth Opportunities, Emerging Trends, Forecast Till 2028 |Posted by Roger on April 19th, 2023 Filament tapes are a type of pressure-sensitive tape that consists of a backing material reinforced with fiberglass filaments. These tapes are known for their high tensile strength and resistance to tearing and splitting, making them ideal for applications that require a strong, durable hold. Market Overview: The global filament tapes market was valued at USD 3.2 billion in 2020 and is projected to reach USD 4.7 billion by 2028, growing at a CAGR of 4.7% during the forecast period (2021-2028). The growth in the market can be attributed to the increasing demand for these tapes in various industries such as construction, automotive, electrical, and packaging. Application: Filament tapes find a wide range of applications in various industries. In the construction industry, these tapes are used for holding and reinforcing insulation materials, sealing joints, and bonding different types of materials. In the automotive industry, they are used for holding and securing various parts of the vehicle. In the electrical industry, these tapes are used for insulating and reinforcing electrical wires and cables. In the packaging industry, they are used for sealing cartons and boxes, and for bundling and reinforcing heavy items. Product Types: Filament tapes are available in different types based on their backing material and adhesive type. Some of the common types include:
Regional Analysis: The global filament tapes market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific is expected to dominate the market during the forecast period due to the presence of a large number of manufacturing facilities in the region. China, Japan, and India are the major countries contributing to the growth of the market in the region. North America and Europe are also expected to witness significant growth during the forecast period due to the increasing demand for these tapes in various industries. Key Players: Some of the key players operating in the global filament tapes market include 3M Company, Nitto Denko Corporation, Tesa SE, Intertape Polymer Group, Inc., Shurtape Technologies, LLC, Avery Dennison Corporation, Scapa Group plc, Sekisui Chemical Co., Ltd., Lohmann GmbH & Co. KG, and Shanghai Yongguan Adhesive Productions Corp., Ltd. Conclusion: The filament tapes market is expected to witness significant growth in the coming years due to the increasing demand for these tapes in various industries. The market is highly competitive, with the presence of several key players operating at the global and regional levels. Innovation, product development, and strategic partnerships are some of the key strategies adopted by these players to maintain their market position and expand their customer base. More Info- https://www.coherentmarketinsights.com/market-insight/filament-tapes-market-3170 About Coherent Market Insights Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients. Contact Us Mr. Shah Like it? Share it! More by this author
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