Filament Tapes Market to Will Receive Outstanding Growth by 2029, Size, Share, Upcoming Trends, Opportunities, and Growth Outlook
" Filament Tapes Market analysis report has studied key opportunities in the market and influencing factors which is useful to take business to the new level. Moreover, competitive analysis gives an obvious idea about the strategies used by the major competitors in the market which perks up their penetration in the market. This market report is an excellent resource that provides current as well as upcoming technical and financial details of the industry . The rise in market value is generally attributed to the rising growth of the applicable industries and the subsequent rise in demand of applications.
The Filament Tapes Market document identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the market. This Filament Tapes Market report performs comprehensive analysis of profiles of key market players that gives a competitive landscape to the businesses. Besides this, market drivers, market restraints, opportunities and challenges are evaluated under market overview which gives valuable insights to businesses for taking right moves. The report comprises of precise and up to date information about the consumer’s demands, their preferences, and their variable likings about particular product. No stone is left unturned about the market research analysis while generating and presenting this Filament Tapes Market research report to the clients which satisfies their anticipation.
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Market Analysis and Size
Over the forecast period, the market for filament tapes is expected to accelerate due to its popularity due to its ability to provide lightweight packaging solutions for various end-user industries. Additionally, an increase in the introduction of improved filament tapes is also anticipated to fuel market expansion. For instance, Tesa SE introduced a new line of premium filament tapes with fiberglass reinforcements in October 2018. When conventional strapping tapes are unable to endure extremely large loads, severe degrees of abrasion, or high shear forces, the new filament tapes offer durability.
Global filament tapes market was valued at USD 3.87 billion in 2021 and is expected to reach USD 7.22 billion by 2029, registering a CAGR of 8.10% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Report Scope and Market Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2022 to 2029 |
Base Year | 2021 |
Historic Years | 2020 (Customizable to 2014 - 2019) |
Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
Segments Covered | Filament Type (Single Sided Tapes, Double Sided Tapes), Backing Adhesive Type (Plastic Film, Paper, Fabric, Foam), Adhesive Type (Rubber Based, Acrylic Based, Hot Melt Adhesive), Width (12 mm, 18 mm, 24 mm, 36 mm, 48 mm, 72 mm, 96 mm), Application (Bundling, Strapping, Insulation, Carton Sealing, Sealing, Others), End Use (Shipping and Logistics, Building and Construction, Food and Beverages, Electrical and Electronics, Automotive, Healthcare and Hygiene, Printing, Metalworking, Oil and Gas, General Industrial, Consumer Goods, Others) |
Countries Covered | U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa |
Market Players Covered | 3M (U.S), Nippon Industries (Japan), Gripking Tapes India Pvt. Ltd., (India), PPM Industries SpA (Italy), PIONEER CORPORATION (Japan), Szxinst (China), Ajit Industries Pvt. Ltd. (India), Nitto Denko Corporation (Japan), Tesa Tapes (Germany), AVERY DENNISON CORPORATION (U.S.), Scapa (U.K.), Lohmann GmbH & Co. Kg (Germany), Mactac, LLC (U.S.), JTAPE LTD. (U.K.), Decofix Papers & Tapes (India), LINTEC Corporation (Japan), Shurtape Technologies, LLC (U.S.), Tape India (India) and VITS TECHNOLOGY GMBH (Germany) |
Market Opportunities |
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Market Definition
Filament tapes are typically utilized as packing adhesive to seal the heavy-duty boxes or other materials. The watertight and chemical-resistance of the filament tapes make them perfect for sealing hazardous items, wrapping pipeline and cable, securing weak plastics, and moving heavy things and reinforcing plastic components. There are three grades of products: low, medium, and high.
Filament Tapes Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Growth In Usage due to Beneficial Features
The filament tapes are employed for indoor and outdoor applications due to their superior stress strength over glue or twine. The customer base anticipated that the market expansion of filament tapes with multiple uses, easy removal, and convenient application would be supported. Additionally, the filament tapes are used in heavy packaging due to their strength and tear resistance, and are thus appropriate for use in the automobile, FMCG, building, and construction industries. The marine and logistics industries use filaments as a result of the rise of the filament industry because brand owners and service providers opt to bundle and consolidate the filament tape to enable bulk transit.
- Surging Usage across Automotive
The developing automotive industry increases the demand for filament tape. Since manufacturers are paying more attention to brake and engine noise reduction and are using contemporary thermoplastics and vinyl as vibratory damping materials, it is predicted that these factors will cause the growth of the gasoline market. These motors employ this dampening substance and high-power filament tapes. It is anticipated that the use of filament tape will encourage its commercial development.
Furthermore, the rising usages of tapes in heavy packaging and easy availability of raw material will further propel the growth rate of filament tapes market. The growth of the e-commerce and industrial growth for FMCG will drive market value growth. The rising number of infrastructure development projects and rapid urbanization are other market growth determinants.
Opportunities
- Advancement in Technology and Adoption of Eco-Friendly Process
The increasing adoption of advanced technology such as acrylic adhesive by the market players extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the growing adoption of eco-friendly production processes for developing these tapes will further expand the future growth of the filament tapes market.
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Key questions answered in the Filament Tapes Market report.
What will the market growth rate of Filament Tapes Market?
What are the key factors driving the Global Filament Tapes Market?
Who are the key manufacturers in Filament Tapes Market space?
What are the Filament Tapes Market opportunities, market risk and market overview of the market?
What are sales, revenue, and price analysis of top manufacturers of Filament Tapes Market?
Who are the distributors, traders and dealers of Filament Tapes Market?
What are the Instant Adhesive market opportunities and threats faced by the vendors in the Global Filament Tapes Market industries?
What are sales, revenue, and price analysis by types and applications of Filament Tapes Market?
What are sales, revenue, and price analysis by regions of industries?
Complete Report Details with Facts and Figures along respective Images and Graphs (TOC) https://www.databridgemarketresearch.com/toc/?dbmr=global-filament-tapes-market
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