Rising awareness among manufacturers regarding the convenience of such tapes and robust growth in the construction industry would drive market growth
Rubber Insulating Adhesive Tape Market Size – USD 1.37 Billion in 2020, Growth – at a CAGR of 2% Trends – Expanding electrical and construction industry
The global Rubber Insulating Adhesive Tape Market size is expected to reach USD 1.64 Billion in 2028 registering a CAGR of 2% over the forecast period, according to a latest report by Reports and Data. Major factor driving market revenue growth are rising awareness among manufacturers regarding the convenience of such tapes and robust growth in the construction industry.
Rubber Insulating Adhesive tape is a form of pressure-sensitive tape used to insulate electrical wires and other electrically conducting materials. Rubber Insulating Adhesive tape is available in a variety of polymers, but vinyl is a popular choice since it stretches well and provides excellent and long-lasting insulation. Pressure-sensitive tapes and adhesives are used in the electronics sector to insert parts directly into devices.
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Top Companies: 3M, Achem (YC Group), Tesa (Beiersdorf AG), Nitto, IPG, Scapa, Saint Gobin (CHR), Four Pillars, H-Old, Plymouth, Teraoka, Wurth, Shushi, Yongle, Yongguan adhesive, Sincere, Denka, Furukawa Electric.
Further Key Finding from the Report Suggestion:
- The Rubber Insulating Adhesive tape market is segmented on the basis of type into cloth, PVC, PET, and others. PVC Rubber Insulating Adhesive tape accounted for the largest revenue share in 2020.
- On the basis of application, the Rubber Insulating Adhesive tape market is segmented into electrical and electronics, communication, automotive, aerospace, and others. Of these, electrical and electronics segment is projected to account for the largest market revenue share due to the expansion of urbanization and industrialization will open up massive growth scope for the.
- Asia Pacific is expected to consistently account for the largest revenue share in the Rubber Insulating Adhesive tape market during the forecast period as sales of insulating tapes are the highest in this region.
- The Americas together hold the second largest market revenue share in the global Rubber Insulating Adhesive tape market and is expected to register a CAGR of 5.3% during the forecast period.
Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
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The global Rubber Insulating Adhesive Tape market is segmented into:
Type Outlook (Revenue, USD Million; 2018 – 2028)
- Cloth
- PVC
- PET
- Others
Application Outlook (Revenue, USD Million; 2018 – 2028)
- Electrical and electronics
- Communication
- Automotive
- Aerospace
- Others
Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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