Duct Tape Market

Name: Duct Tape Market
Brand: Future Market Insights
SKU: Packaging
Price: 5000 USD
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Duct Tapes Market: Professional Grade Duct Tapes Product Type to Dominate the Global Market in Terms of Value Share During the Forecast Period: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2027)

2017-10-20
REP-GB-2641
391 pages

An Incisive, In-depth Analysis on the Duct Tape Market

This study offers a comprehensive, 360 degree analysis on the Duct Tape market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Duct Tape market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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Uses and benefits of duct tapes

Duct tapes are a type of pressure sensitive tapes. Duct tapes have high tacking property and are commonly used for sealing, holding, repairing, waterproofing and colour-coding. On the backdrop of their high tacking capabilities, duct tapes are used for sealing and marking purposes in automotive, building and construction, electrical & electronics and general industrial activities. With the use of duct tapes, manufacturers are able to seal heavy duty box sealing, bundling and wrapping. Apart from specialised and industrial applications, duct tapes are also used in common household DIY activities such as strapping or repairing the broken parts of tools and other items. Some other common uses of duct tapes include securing carpets and padding and protective sheeting for the hotel industry.

The backing material and tack adhesion defines the grade and end use of duct tapes. Metal foil, cloth and plastic are used as duct tape backing material. Polyethylene and vinyl backed duct tapes are famous for light indoor and outdoor DIY applications. However, duct tapes are used as a temporary solution and are inefficient for high temperature applications, and this factor limits the growth in its market. Duct tapes are also efficient for packaging of goods due to their low tack adhesion on cardboard and difficult contours, which further narrows down its area of application. A burgeoning building and construction sector in many parts of the world is expected to escalate the growth in use of duct tapes over the forecast period. Duct tapes have become a preferred option for many household and industrial operations instead of mastic fluids due to the ease in application.

Market Value and Volume Forecast

With the increase in number of building and construction activities the demand for duct tapes is poised to increase.

The global duct tape market has been estimated to be valued at US$ 3,745.3 Mn by 2017 end and is expected to expand at a 5.3% CAGR, during the forecast period (2017–2027).

While the volume for duct tape market has been estimated to be 2,182 Mn Sq.m by 2017 and is expected to grow at 5.1% CAGR, during the forecast period (2017-2027).

Market Dynamics

Growing use of duct tapes in the building and construction, electronics and automotive industries is leading to an increase in the demand for duct tapes globally. Increased use of duct tapes for indoor DIY applications for repairing tools and other articles is supporting the growth in revenue of the duct tapes market. Improvement in performance of duct tapes with advanced adhesive technology allows duct tape manufacturers to adhere to market demands with different materials for longer duration. Moreover, presence of a large consumer base in Asia and North America and ease of application of duct tapes can lay new paths of opportunities in the global duct tapes market. However, the presence of substitute products such as mastic fluids and other fibre tapes can hamper the growth of the global duct tapes market to some extent.

Global Duct Tapes Market Analysis & Forecast, by Product Type

Based on product type, the market has been segmented into removable duct tapes, professional grade duct tapes, utility duct tapes and specialised high strength duct tapes. The professional grade duct tapes segment is anticipated to lead the market in terms of market share during the forecast period, estimated to account for over 40% value share of the global duct tapes market during the forecast period. The professional grade duct tapes segment is expected to create an incremental opportunity of US$ 1,206.9 Mn during the forecast period. The utility duct tapes segment is expected to be the fastest growing segment in the global duct tapes market, and is expected to grow by 1.9X during the forecast period.

About the report

This report provides forecast and analysis of the global duct tapes market. It provides historical data for 2012 to 2016 along with a comprehensive forecast from 2017 to 2027 in terms of revenue (US$ Mn) and volume (Mn Sq.m). The report also highlights drivers and restraints of the global duct tapes market and their impact on each assessed region/country during the forecast period. The report also comprises the study of current issues with end users and opportunities for duct tapes manufacturers. The global duct tapes market value chain analysis is an important part of the report.

Competitive analysis is an integral part of the report

In order to provide users of this report with a comprehensive view of the market, we have included a detailed competitiveness analysis and information on key market players with unique selling propositions. The dashboard provides detailed comparison of duct tapes manufacturers on parameters such as market share and development strategies. The study encompasses market attractiveness analysis by backing material type, product type, adhesive type, application type, thickness and end use industry.

An exhaustive research methodology for accurate forecasting of global market estimations

The report highlights usage of duct tapes in various industries and the revenue generated from sales of duct tapes across the globe. Market numbers have been estimated based on average consumption of duct tapes and revenue is derived through cost of per Sq.m of duct tapes. Market size and forecast for each segment have been provided in the context of global markets. The duct tapes market has been analysed based on expected market demand. Prices considered for the calculation of revenue are average regional prices obtained through primary quotes from numerous regional packaging manufacturers, suppliers, and distributors. All key end users have been considered and potential applications have been estimated on the basis of secondary sources and feedback from primary respondents. Regional demand patterns have been considered while estimating the market for various end users of duct tapes across the globe. Top-down approach has been used to estimate the duct tapes market by region. Global market numbers by backing material type, product type, adhesives type, application type, by thickness and end use industries have been derived using the bottom-up approach, which is cumulative of the demand from each regional market. Company-level market share has been derived on the basis of revenues reported by key manufacturers. The market has been forecast based on constant currency rates.

A number of primary and secondary sources have been consulted during the course of this study. Secondary sources include Factiva, World Bank, Packaging Digest, and Hoover’s, and company annual reports and publications.

Market Segmentation

Global Duct Tapes Market – By Product Type