Electrical Tape Market

Market Overview:

The global electrical tape market size reached US$ 13.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.60% during 2023-2028. The widespread product adoption in the automotive industry, extensive research and development (R&D) activities and the rising demand for environmentally friendly and sustainable pressure-sensitive electrical tapes represent some of the key factors driving the market.

Electrical tapes refer to pressure-sensitive strips designed to be used for electrical purposes. They are manufactured using vinyl, fabric, or polymer materials that can be easily wrapped around wires, cables, and other electrical components to insulate and protect them from damage, moisture, and other environmental factors. Electrical tapes are widely used to insulate electrical wires and other material that conducts electricity and make minor repairs to damaged wires. They are flexible and fireproof and act as effective insulators against electricity. They exhibit superior resistance to ultraviolet (UV) rays, dust, moisture, heat acids, dirt, solvents, and temperature. They are cost-effective, durable, easy to use, prevent damage to electrical components, and reduce the risk of electrical hazards.

Electrical Tape Market Trends:

The widespread product adoption in the automotive industry across the globe is one of the key factors driving the market growth. Electrical tape is widely used for wire harnessing and protecting electrical components used in infotainment, safety systems, engine compartments, and spark plugs. In line with this, the increasing product demand over traditional adhesive tapes due to their qualities, including heat resistance and dielectric strength, user-friendliness, and safety, is favoring the market growth. Moreover, the significant expansion in the manufacturing sector and the increasing awareness among consumers regarding the advantages and benefits of electrical tapes are acting as another growth-inducing factor. Apart from this, the introduction of advanced electrical tapes designed to withstand higher temperatures, provide better insulation, and have a longer lifetime, is providing an impetus to the market growth. Additionally, the widespread product adoption in the construction industry to insulate electrical splices and rebuild strands and insulation shields on high-voltage wires, wire jacketing, and shield electrical connections is creating a positive outlook for the market. Furthermore, the rising demand for environmentally friendly and sustainable pressure-sensitive electrical tapes that emit fewer volatile organic compounds (VOCs) and can be recycled is creating a positive outlook for the market. Other factors, including rising expenditure capacities of consumers, significant technological advancements, extensive research and development (R&D) activities and the implementation of various government initiatives to promote the use of sustainable materials and recycling practices, are anticipated to drive the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global electrical tape market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on material, and application.

Material Insights:

• PVC Tapes
• Glass Cloth Tapes
• PET Tapes
• Others
   

The report has provided a detailed breakup and analysis of the electrical tape market based on the material. This includes PVC, glass cloth, PET tapes and others. According to the report, PVC tapes represented the largest segment.

Application Insights:

• Electrical and Electronics
• Aerospace
• Industrial
• Others
   

A detailed breakup and analysis of the electrical tape market based on the application has also been provided in the report. This includes electrical and electronics, aerospace, industrial and others. According to the report, electrical and electronics accounted for the largest market share.

Regional Insights:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for electrical tape. Some of the factors driving the Asia Pacific electrical tape market included the widespread product adoption in the automotive industry, extensive research and development (R&D) activities and significant technological advancements.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global electrical tape market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include 3M Company, A&G Manufacturing Co. Inc., Denka Company Limited, Electro Tape Specialties Inc., HellermannTyton (Aptiv PLC), Intertape Polymer Group Inc., Nitto Denko Corporation, Parafix Tapes & Conversions Ltd., Plymouth Rubber Europa S.A., PPM Industries UK Ltd. (PPM Industries SpA), ProTapes & Specialties Inc. (Shurtape Technologies LLC), Scapa Industrial, tesa SE (Beiersdorf AG), etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Questions Answered in This Report:

• How has the global electrical tape market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global electrical tape market?
• What is the impact of each driver, restraint, and opportunity on the global electrical tape market?
• What are the key regional markets?
• Which countries represent the most attractive electrical tape market?
• What is the breakup of the market based on the material?
• Which is the most attractive material in the electrical tape market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the electrical tape market?
• What is the competitive structure of the global electrical tape market?
• Who are the key players/companies in the global electrical tape market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the electrical tape market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global electrical tape market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the electrical tape industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.