Industry Background:
Duct tapes are defined as pressure-sensitive tapes. It has high tacking property and is commonly used for sealing, holding, repairing, waterproofing and color-coding. Additionally, Increasing demand for duct tape across end-use industries such as automotive, building and construction, electrical & electronics and general industrial activities is steering market growth. This growth can be attributed to factors such as rising awareness about high tensile and comparability strength coupled with the stable growth in the infrastructure and also the rapid developments witnessed in countries such as China, South Korea, and India. Factors such as increasing the industrial sector are coupled with rising consumer spending on waterproofing & standalone in harsh weathering will provide a positive scope for the product penetration during the forecasted timeframe.
According to AMA Research, the market for Duct Tape is expected to register a CAGR of 5.6% during the forecast period to 2027. This growth is primarily driven by Rapid Industrialization and Urbanization
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | K Units |
Value Unit | USD (Billion) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Industrials 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 Manufacturers, such as 3M (United States), Lixin Adhesive Technology (China), PPM Industries SpA. (Italy), Beijing Yanuo Adhesive Products Co. Ltd. (China), Able Industrial Products, Inc. (United States), Pro Tapes and Specialties, Inc. (United States), Infinity Tapes (United States), Western Container Corp. (United States), Scapa Group plc (United States) and Avanzar Business Solutions (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.
Key Developments in the Market:
On 15th April 2021,ATP Adhesive Systems has acquired BDK Industrial Products, a UK-based adhesive tape converter, as part of its international expansion strategy. No financial information was provided.
In 2021, Intertape Polymer Group Inc. has expanded its capstone facility in India to cater to the Indian market.The competitive landscape for duct tapes provides information from a competitor. Company overview, financials, revenue generated, market potential, investment in R&D, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance are all included. The data points presented above are solely related to the companies focus on the duct tape market.
Regulatory Insights:
A regulation made under this Act may adopt or incorporate documents establishing standards, directives, practices, codes, guidelines, objectives, or other rules of any government, board, agency, association, or person, including, without limitation, any standards, directives, practices, codes, guidelines, objectives, or other rules established by the Minister under section 12.12, relating to any matter for which a regulation may be made under this Act.
Duct Tape Market Dynamics:
Attributes | Details |
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Growth Drivers | - Rapid Industrialization and Urbanization
- Growing Government Infrastructure Projects
- Upsurge Demand from Shipping and Logistics Processes
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Influencing Trends | - Increasing Demand from Healthcare Industries
- Value-Oriented Customers
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Restraints | - Weak Economic Condition Hamper the Market Growth
- Availability of Substitute Products
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Road Blocks / Challenges | - Stiff Competition among Major Players
- Product Recall anticipated to Threat the Market
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Gaps & Opportunities | - Increasing Demand from Building and Construction Industries
- Rising Demand for Industrial Packing and Sealing Activities
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AMA Research follows 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 mainly 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 showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Duct Tape Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Duct Tape Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Duct Tape players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes 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, Duct Tape Study Sheds Light on
The Duct Tape Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Duct Tape industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Duct Tape industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.