Industry Background:
These are state-of-the-art surface protective coating methods that use tapes that are wrapped around a cylindrical substrate with non-shielding coating properties. There is a high demand for Coating Tape in the electrical & electronics, and automotive industries as manufacturers are mainly focusing on presenting a new variety of products with improved properties. Furthermore, the utilization of automotive industries, awareness regarding hygiene products, infrastructure development, and up-gradation of electronic equipment are increasing the demand for adhesive tapes. Manufacturers are manufacturing tapes with exceptional focus on heat as well as weather resistance features, which is also driving the Coating Tape market.
This growth is primarily driven by The growing use of coating tapes in diverse end-use industries and Increasing demand from building and construction industries.
Globally, a noticeable market trend is evident The rising middle-class population to be the key consumer group for the increase in demand for coating tapes
. The Chemicals sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as 3M Company (United States), tesa SE (Germany), Nitto Denko Corporation (Japan), Lintec Corporation (Japan), Intertape Polymer Group (Canada), Avery Dennison Corporation (United States), Lohmann GmbH (Germany), Berry Global Inc. (United States), Scapa Group PLC (Canada) and Rogers Corporation (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- The growing use of coating tapes in diverse end-use industries
- Increasing demand from building and construction industries
Market Trend
- The rising middle-class population to be the key consumer group for the increase in demand for coating tapes
- High adoption of Aerospace industries
Restraints
- Volatility in raw material prices leading to the fluctuation in demand
Opportunities
Growing packaging industry in emerging economies and Replacing traditional fastening systems
Challenges
Implementation of stringent regulatory policies
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Coating Tape Study Sheds Light on
The Coating Tape Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Coating Tape industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Coating Tape industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.