Cable Wrapping Tape Market Overview
Research Insights revealed by the assessment on the Cable Wrapping Tape Market portray substantial gains, with the market growth projected around 3% to 3.5% CAGR from 2021 to 2031.
The market is expected to witness moderate growth during the assessment period due to factors such as installment for the electrification in new households , automobile vehicles, industrial machinery, and other electrical components the where packaging and insulation are required.
With high consumption rate of rate fiber optics and extra high voltage cables in civic utilities, the market growth is likely to have a promising outlook, which can be attributed to extensive usage in almost all industries.
What Factors are Escalating the Demand for Cable Wrapping Tapes
The demand from the electrical wiring sectors is due to the insulation required in cables and other materials that conduct electricity as also mandated by industry associations for end roll out product’s certification for use.
With electrical wires and Cables becoming an indispensable part in power utilities and telecommunications, the market growth is expected to remain unabated.
Digitization has led to a revolution in the modern world. The advent of modern technology has led to consumers demanding better quality and faster services.
Numerous variation in types of cables has paved way for increasing demand for customization in the variety of the wrapping tapes.
However, the advent of wireless networking technology, may hamper the growth of the market growth in industrial utilities to an extent, yet cables being an integral part of power and telecommunication transmission hardware, the need of protective insulation in new installations and servicing will imbibe a considerable volume of cable wrapping tapes in upcoming years.
Electronics and Electrical Industry Deemed as Primary End User of Cable Wrapping Tape
The need of Cable Wrapping Tape in consumer electrical appliances and electronic devices are a must to prevent any short-circuits, overriding effects of excess currents and complete the inter-circuit networks to make the device work properly.
The tape also protects the wires from the direct atmosphere contact which can make a safety parameter in prevention of electrical shock.
The tapes are also used in the tele- communication cables, which also lead to having a moderate growth due to the demand from various sectors in the segment.
The drawback of the tapes is from the newly developed wireless technology for some of the electrical devices which can affect the market share.
Asia Pacific Market Demand Potential
Asia Pacific region is anticipated to expand at a sound pace during the assessment period due to the increased demand for electronics and electrical devices and also power cables due to the investment in the power sector. APAC is also expected to have significantly larger growth than the rest of the regions.
The people are demanding better cables and wires for the electrical fittings which then significantly increase the global tape.
Europe Cable Wrapping Tape Market Growth Outlook
Europe is also anticipated to have significant growth in the market. The European Union has their specific quality and standard of tapes for power cables and other electrical devices.
The market is expected to grow steadily in the region.
What are the Leading Manufacturers/Suppliers of the Cable Wrapping Tape Market
Some of the leading manufacturers and suppliers of Cable Wrapping Tape Market include
- The 3M Company,
- Parker Hannifin,
- Scapa Group,
- Hellermann Tyton Corporation,
- Polycom Associates,
- Cap Cab India Ltd.,
- Jinyang Technology,
- Avery Dennison,
- Tesa SE,
- Intertape Polymer Group Inc.,
- Saint Gobain,
- Four Pillars Enterprise Co. Ltd.,
- Teraoka Seisakusho Co., Ltd.,
- Yongguan Adhesive,
- Denka, Furukawa Electric Co. Ltd., and some other local players.
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 an 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.
Cable Wrapping Tape Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
By Backing Material Type:
- Plastic Films-Backed
- Metal Foils-Backed
By Adhesive Type:
By Product Type:
- Fire Retardant
- Power Cables
- Communication Cables
- Industrial Cables
- North America
- Latin America
- Rest of Latin America
- The U.K.
- Rest of Europe
- East Asia
- South Korea
- South Asia Pacific
- ANZ (Australia and New Zealand)
- Rest of South Asia Pacific
- The Middle East and Africa
- GCC Countries
- North Africa
- South Africa
- Rest of the Middle East and Africa
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