PVC Tapes Market Overview
According to the latest research, PVC tapes market expected to expand at a CAGR of 4-6% in between the forecast period. The modernization of the electrical grid and increasing penetration of consumer electronics across the globe is estimated to witness zealous growth in the PVC tape market in the coming assessment period. Furthermore,
Key players in the market are focusing on providing tapes with various additional features such as heat and weather resistance features, which is expected to propel market growth in the coming assessment period
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Which Segment Witness for Strong Growth
Based on application, the electrical and electronics segment accounts for more than half of the market share in terms of value and volume, and the trend is expected to continue its dominance soon owing to its increasing demand for smart cities where regional government is integrating powder grid with IoT (Internet of Things) technologies which will expected to fuel the market growth in the coming assessment period.
The increasing urban landscape, building & construction spending and growing demand for electrical insulation & wiring would further drive the market during the forecast period.
China PVC Tapes Market Outlook
Based on quantitative analysis, electrical & electronics sector in China are expected to hold around one-third of the market volume share and are anticipated to grow at a CAGR of 3-5% during the forecast period followed by the automotive and healthcare segments. Key players are vying to capitalize on country’s potential by investing in facilities & infrastructure to serve the domestic market in the country.
Europe Demand Outlook for PVC Tapes
Market in Europe region is experiencing moderate growth during the forecast period. In addition, urbanization and industrialization in the Europe region have significantly increased the demand for PVC tapes for electrical insulation and packaging needs.
Among the European Union countries, Germany market is anticipated to experience lucrative growth driven by the construction and automotive sectors. The U.K. and France are also key demand centers for this product and are projected to maintain current growth rates over the long term.
Who are the Key Manufacturers and Suppliers of PVC Tapes?
Some of the leading manufacturers of PVC Tapes market includes
- 3M Company
- BASF SE
- Nitto Denko Corporation.
- Berry Global Inc
- Shurtape Technologies LLC
- Rogers Corporation and CCT Tapes.
- Ajit Industries
- PPI Adhesive Products (C.E) S.R.O
- Avery Dennison Corporation
- ProTapes & Specialties, Inc.
- Godson Tapes Private Limited and among others
Globally, key players has been embracing R&D strategies and collaborate with governing bodies, where new environmental policies and emergence of technologies can gives rises to disruptive innovation among key players. Also, key players are expanding scale of business operation in the intensely competitive industry, where old production assets may impact the business profitability.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Key Segments
By Technology:
- Solvent
- Hot Melt
- Water Based
By Application:
- Healthcare
- Electrical & Electronics
- Packaging
- Automotive
- Others
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