Call 888-776-0942 from 8 a.m. to 10 p.m. Eastern Time

New York, April 21, 2021/PRNewswire/-

The "Tape Market" report has been added to Technavio's library, which contains more than 17,000 reports from more than 150 industries.

The tape market is expected to grow by USD 17.02 billion between 2020 and 2024, growing at a compound annual growth rate of more than 5% during the forecast period. 

Receive a free sample report in a few minutes!

Due to factors such as increased government investment in large-scale infrastructure projects such as railways and highways, and the increasing number of public-private partnerships in infrastructure development, the construction industry is on the rise. This drives the demand for tapes because they are used to seal, glue, and fill gaps in internal glazing and partition systems. In addition, tape is used to protect glass components and insulating glass units, which increases its use in construction work. These factors will boost the demand in the tape market.

Purchase a Technavio report and get the second 50% discount. Purchase 2 Technavio reports and get the third one for free.

Check the market snapshot before buying

During the forecast period, 60% of market growth will come from the Asia-Pacific region. China, India, Indonesia and Japan are the main markets for tapes in the Asia-Pacific region. The market growth in this region will be slower than that of South America and the MEA market. The growth of the tape market in the Asia-Pacific region can be attributed to the rapid growth of end-user industries such as consumer durables, automobiles and construction in the region.

Considering the impact of COVID-19, Technavio has proposed three prediction scenarios (optimistic, probable and pessimistic). Technavio's in-depth research directly and indirectly affects COVID-19 market research reports.

Understand the main opportunities and growth of the adhesive tape market in the specialty chemicals industry

https://www.technavio.com/report/adhesive-tapes-market-industry-analysis

The tape market is segmented by material (polypropylene, paper, PVC, etc.) and geography (Asia Pacific, Europe, MEA, North and South America).

The market growth in the polypropylene field will be faster than the market growth in the paper and polyvinyl chloride fields. Polypropylene is used as a substitute for PVC in various applications because of its reasonable price. These tapes have dielectric and physical properties, making them ideal raw materials for tapes. In addition, it is used for electrical insulation applications such as tamper-proof tape, strapping tape and carton sealing tape. Use polypropylene material.

The tape market is fragmented, and the degree of fragmentation will increase during the forecast period. In order to take full advantage of opportunities, suppliers should pay more attention to the growth prospects of fast-growing market segments, while maintaining their position in the slow-growing market segments.

Related reports on relevant materials include:

Adhesives market by application and region-2021-2025 forecast and analysis: The adhesive film market has the potential to grow by 1.6282 million tons during 2021-2025, and the market growth momentum will accelerate during the forecast period. Gain extensive research insights: receive a free sample report in minutes!

Bioadhesive market by product and region-2021-2025 forecast and analysis: The size of the bioadhesive market is likely to grow by USD 1.56 billion during 2021-2025, and the market growth momentum will accelerate during the forecast period. Gain extensive research insights: receive a free sample report in minutes!

Adhesives and sealants market by type, application and region-2021-2025 forecast and analysis: Adhesives and sealants market is likely to grow by USD 13.25 billion during 2021-2025, and the market growth momentum will be 4.27 The compound annual growth rate has accelerated by %. Gain extensive research insights: receive a free sample report in minutes!

Industrial Adhesives Market by Technology, End User and Geography-Forecast and Analysis for 2020-2024: The industrial adhesives market has the potential to grow by USD 14.61 billion in 2020-2024, and the market growth momentum will accelerate during the forecast period. Gain a wide range Research insights: Receive a free sample report in minutes!

Correction Belt Market by End User, Distribution Channel and Geography-Forecast and Analysis for 2020-2024: The correction belt market is likely to grow by USD 33.29 million during 2020-2024, and the market growth momentum will accelerate during the forecast period. Gain extensive research insights: receive a free sample report in minutes!

About Us Technavio is the world's leading technology research and consulting company. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and formulate effective strategies to optimize their market position. Technavio's report library has more than 500 professional analysts, including more than 17,000 reports, and it is constantly increasing, covering 800 technologies across 50 countries/regions. Their customer base includes companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio's comprehensive coverage, extensive research, and actionable market insight to identify opportunities in existing and potential markets, and evaluate their competitive position in changing market scenarios.

Contact Technavio Research Jesse Maida Media and Marketing Director United States: +1 844 364 1100 United Kingdom: +44 203 893 3200 Email: [Email Protection] Website: www.technavio.com/ Report: https://www.technavio.com /report/adhesive tape-market-industry-analysis 

More news releases on similar topics

Cision Distribution 888-776-0942 8 a.m. to 9 p.m. Eastern Time