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Global Electrical Tape Market Share, Size, Trends, Forecast, Growth, Analysis: By Material: PVC Tapes, Glass Cloth Tapes, PET Tapes, Others; By Application: Electrical and Electronics, Aerospace, Industrial, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Global Electrical Tape Market Outlook
The global electrical tape market size reached a value of around USD 13.95 billion in 2022. The market is expected to grow at a CAGR of 4.20% between 2023 and 2028, reaching a value of around USD 17.77 billion by 2028.
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Key Trends in the Market
Electrical tape, commonly referred to as electrical insulation tape, is a pressure-sensitive tape used to insulate electrical wires and other materials that transmit electricity as well as to replace damaged insulation. Electrical tapes are frequently utilised as insulation in electrical equipment frameworks, and in numerous other electrical applications. The electrical tape can be made of fabric, vinyl, or polymers, and provide superior resistance to UV rays, dust, moisture, acids, dirt, solvents, and temperature, which is driving the electrical tapes market growth.
- The expansion of the manufacturing sector in both developing and developed countries along with the increased public awareness of the advantages and benefits of electrical tapes are the major electrical tape market trends.
- Increased demand for electrical tapes from various industries due to their qualities including heat resistance and dielectric strength, as well as rising consumer preference for these tapes over traditional adhesive tapes due to their user-friendliness and safety, are driving the market's expansion.
- The electrical tape market growth is also being positively impacted by the global construction industry's rapid expansion and rising need for these tapes in a variety of colours and materials.
- Throughout the forecast period, technical developments, high levels of utilisation in the automotive sector, and increased consumer demand for environmentally friendly and sustainable pressure-sensitive tapes would likely further bolster the market.
Global Electrical Tape Market Analysis
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Based on material, the market is divided into PVC tapes, glass cloth tapes, and PET tapes, among others. The market on the basis of application is segmented into electrical and electronics, aerospace, and industrial, among others. The regional markets for electrical tape can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global electrical tape market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- tesa SE
- 3M Company
- Intertape Polymer Group
- Avery Dennison Corporation
- Nitto Denko Corporation
- HellermannTyton GmbH
- Teraoka Seisakusho Co., Ltd.
- Fujian Youyi Adhesive Tape Group Co., Ltd.
- A&G Manufacturing Co. Inc.
- Scapa Industrial
- Others
Market Share by Material
PVC tapes are anticipated to have a high revenue share among the material segments in the global electrical tape market due to their improved properties, which include suitability for insulation, bundling, maintenance, colour coding, general availability, and better protection of electrical wires and parts at a lower cost. The most popular type of electrical insulating tape is PVC tape, which is further supporting the electrical insulation tape market. PVC tapes are also abrasion and corrosion resistant, making them ideal for outdoor use.
Tapes made of glass cloth are preferred for extended exposure to hot temperatures. They are made of polyester film that has been fortified with glass fibre strands, influencing the electrical tape market price. These are frequently employed as layers of heat-stable insulation.
Market Share by Region
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Asia Pacific is anticipated to experience a high CAGR growth throughout the forecast period due to the increased demand for electrical tapes in electrical and electronic applications. It is anticipated that the growing number of end-use industries operating would propel the Asia Pacific market for electrical tape ahead.
The Asia Pacific market benefits greatly from China and India. Electrical insulating tape consumption will likely rise as India's power networks continue to expand, driving up the market growth. The expansion of manufacturing, construction, telecommunications, and electrical firms would increase the demand for wire straps and other electrical equipment, hence increasing the demand for electrical tapes. As a result, the electrical tape market share is larger in the Asia Pacific region than in other regions.
Competitive Landscape
3M Company, headquartered in Minnesota in the United States and established in 1902, produces a wide range of goods, such as consumer electronics components, abrasives, sticky tape, and associated items. The company manufactures consumer, industrial, and safety items. Its key operating segments are Safety and Industrial, Transportation and Electronics, Health Care, and Consumer.
Intertape Polymer Group, with its headquarters in Florida, United States, is a global supplier of packaging and protective solutions for a variety of end markets. The company creates, produces, and markets a wide range of products, including protective packaging, woven and non-woven goods, paper and film-based pressure-sensitive and water-activated tapes, packaging equipment, and stretch and shrink films.
Avery Dennison Corporation, headquartered in the United States is a global materials science and manufacturing company that specialises in the design and production of a wide range of labelling and functional materials, including radio-frequency identification (RFID) inlays and tags, pressure-sensitive materials, and a variety of converted products and solutions. It was established in 1935 and manufactures tags, labels, tickets, and other transformed goods. The company provides services to a wide range of global industries, including fashion, food and grocery, pharmaceuticals, home and personal care, e-commerce, logistics, and automotive.
Other market players include tesa SE, Nitto Denko Corporation, HellermannTyton GmbH, Teraoka Seisakusho Co., Ltd., Fujian Youyi Adhesive Tape Group Co., Ltd., A&G Manufacturing Co. Inc., and Scapa Industrial, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Material |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Electrical Tape Market Analysis
8.1 Key Industry Highlights
8.2 Global Electrical Tape Historical Market (2018-2022)
8.3 Global Electrical Tape Market Forecast (2023-2028)
8.4 Global Electrical Tape Market by Material
8.4.1 PVC Tapes
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Glass Cloth Tapes
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 PET Tapes
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Electrical Tape Market by Application
8.5.1 Electrical and Electronics
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Aerospace
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Industrial
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Electrical Tape Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Electrical Tape Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Electrical Tape Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Electrical Tape Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Electrical Tape Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Electrical Tape Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 tesa SE
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 3M Company
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Intertape Polymer Group
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Avery Dennison Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Nitto Denko Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 HellermannTyton GmbH
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Teraoka Seisakusho Co., Ltd.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Fujian Youyi Adhesive Tape Group Co., Ltd.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 A&G Manufacturing Co. Inc.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Scapa Industrial
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Electrical Tape Market: Key Industry Highlights, 2018 and 2028
2. Global Electrical Tape Historical Market: Breakup by Material (USD Million), 2018-2022
3. Global Electrical Tape Market Forecast: Breakup by Material (USD Million), 2023-2028
4. Global Electrical Tape Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Electrical Tape Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Electrical Tape Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Electrical Tape Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Electrical Tape Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Electrical Tape Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Electrical Tape Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Electrical Tape Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Electrical Tape Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Electrical Tape Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Electrical Tape Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Electrical Tape Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Electrical Tape Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Electrical Tape Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Electrical Tape Market Structure
Key Questions Answered in the Report
In 2022, the global market for electrical tape attained a value of nearly USD 13.95 billion.
The market is projected to grow at a CAGR of 4.20% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 17.77 billion by 2028.
The major drivers of the electrical tape market include the growth of construction industry, technological advancements, high utilisation in the automotive sector, and expansion of manufacturing sector.
The increasing preference towards electrical tapes over traditional adhesive tapes due to their characteristics, rising demand for environmentally friendly and sustainable pressure-sensitive tapes, and the heightening demand for electrical tapes in electrical and electronics applications are the key trends propelling the growth of the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major players in the market are tesa SE, 3M Company, Intertape Polymer Group, Avery Dennison Corporation, Nitto Denko Corporation, HellermannTyton GmbH, Teraoka Seisakusho Co., Ltd., Fujian Youyi Adhesive Tape Group Co., Ltd., A&G Manufacturing Co. Inc., and Scapa Industrial, among others.
Vinyl electrical tape is UL Listed and capable of withstanding currents of up to 600V, can work at temperatures up to 176 degrees Fahrenheit, and is also immune to fire, UV rays, oil, moisture, acids, alkalies, and damage from impact or abrasion.
Electricity-conducting materials, specifically electrical wires, are insulated using electrical tape which is pressure-sensitive. It prevents electrical current from unintentionally flowing through other wires, which could result in a short or possibly ignite an electrical fire.
The various materials used for electrical tapes include PVC tapes, glass cloth tapes, and PET tapes, among others.
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