Industrial Packing Tapes are used in various industrial operations mainly for the purpose of binding. These tapes are also used for conducting, masking and packaging purposes. Growing demand from packaging and construction industry is the primary driving factor of the Industrial Packing Tape market. Growth of the automobile industry is also fueling the demand of Industrial Packing Tapes. Industrial Packing Tapes are largely used in vehicle assembly operations such as trim panel attachment, airbag cover attachment. However, fluctuations in raw material prices may hamper the growth of Industrial Packing Tape market.
Industrial Packing Tapes have significant market share in the adhesives market. Industrial Packing Tapes are used extensively to bond and seal many substrates such as elastomers, foams, glass, and metals among others. Such tapes enhances its strength, productivity, and durability. Segments Global Industrial Packing Tape Market is segmented in to 5 Key dynamics for an easy grasp and enhanced understanding. Segmentation By Product Type : Comprises – Duct Tapes, Filament Tapes, Aluminum Tapes, Adhesive Transfer Tapes & Other Segmentation By Backing Material : Comprises - Paper, Polypropylene, Polyvinyl Chloride & Others Segmentation By End-user : Comprises – Electrical, Construction, Logistic, Automotive and others Segmentation By Application : Comprises – Electrical And Electronic, Packaging, Masking, and Others Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World. Regional Analysis The Asia-Pacific region dominated the global Industrial Packing Tape market in 2016. It is also expected to be the fastest growing region for the Industrial Packing Tape. Increase in industrialization, rising urbanized population, and growth in spending capacity are the factors driving the growth of the market in Asia-Pacific region. China is one of the leading markets in the Asia-Pacific region. Growth in automotive, construction and aerospace sector is expected to fuel the demand of such tapes. Moreover, the country has witnessed increased investment in the technology which has resulted in various products across the tape line. Furthermore the increased consumption across its construction sector has induced the market growth. North America has also witnessed steady growth in the market in last many years. The market is expected to show similar growth in coming time. This along with concentration of many companies in the Industrial Packing Tape industry has led to the growth of the market. Key Players The Dow Chemical Company (U.S.), Saint Gobain SA (France), 3M Company (U.S.), Henkel AG & Company, KGaA (Germany), Eastman Chemical Company (U.S.), Avery Dennison Corporation (U.S.), Ashland Inc. (U.S.), Read More : https://github.com/samirk18/MRFR-SagarKinagi/issues/121 https://github.com/samirk18/MRFR-SagarKinagi/issues/122 https://github.com/samirk18/MRFR-SagarKinagi/issues/123 https://github.com/samirk18/MRFR-SagarKinagi/issues/124 https://www.agreatertown.com/india_un/aerosol_can_market_size_expected_to_grow_at_a_427_cagr_during_forecast_2025_0007707432
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