Global mastic tapes market: Introduction
Mastic tapes provide high insulation of upto 1000 volts. Mastic tapes have very high moisture resistance properties which makes them applicable in high water contact areas. They are available in different sizes, and thickness, and thus provide convenience in applying the tape to the required area. Mastic tape is made up of rubber based material and has self-fusing properties.
Dust resistance properties of mastic tapes make them applicable at construction sites, due to the high amount of dust present. Mastic tapes have vibration damping properties, and thus eliminate the high vibration caused due to machines in production site of the industrial area. High adherence property of mastic tapes makes them ideal for use on rough and uneven surfaces of the machines.
Mastic tapes are very easy to tear and use, and thus reduce the wastage introduced during tearing the required amount of tape from the roll. Due to these properties, mastic tapes are expected to witness high preference over the forecast period. Therefore, the global mastic tapes outlook, is expected to be positive, during the next ten years.
Global mastic tapes market: Dynamics
Mastic tapes market is driven by wide application of mastic tapes for electrical insulation. It acts as a perfect barrier for electrical leakage, as lots of damage is caused due to electric leakage from transmission lines. Mastic tapes find application in high tension lines in electrical and electronics industry, thus acts as a key driver for mastic tapes market.
Corrosion resistant feature of the mastic tape makes it suitable to be used on high rust accumulation areas. The long life of mastic tape eliminates the maintenance cost involved, in the regular application of tapes. Mastic tapes are resistant to Ultraviolet radiations, thus a value-added the feature of mastic tapes, and acts as a catalyst to increase the growth of mastic tapes market.
They show high adhesion properties on cables insulation, metal, plastics and other surfaces thus mastic tapes are widely used in industries, therefore industrial sites require high demand for mastic tape and act as a driver for mastic tapes market. Mastic tapes have high-temperature resistance properties, it can bear its properties up to 80-degree centigrade, thus makes them applicable for cable splice.
They can also sustain at low temperature thus, applicable for both high and at low-temperature areas. Mastic tapes have shelf healing property, thus damage to the tape, due to wear and tear, is self-heal that maintains its insulating properties, this feature differentiates it from another tape, and thus it is preferred the choice of the consumer.
Global mastic tapes market: Regional Overview
Global mastic tapes market is segmented into seven regions including North America, Latin America, Eastern Europe, Western Europe, Middle East and Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan. Europe region shows constant growth for mastic tapes market, however, an increase in demand for mastic tapes due to high insulating property and value-added features, is expected.
As a result, industrialists are preferring them over adhesive tapes, thus mastic tape market shows growth in the region. Due to the high consumption rate of adhesive material in the emerging market manufacturers of mastic tapes in North America and Europe region are focusing towards investing in the new plant sites in Asia pacific region.
The region is expected to represent ample growth opportunities for growth of the mastic tapes market, in the forecast period.
Global mastic tapes market: Key Players
Some of the key players of global mastic tapes market are 3M Company, Denso North America Inc., Osaka Rubber Private Limited, and Omega Rubber Industries.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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 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.
Global mastic tapes market: Segmentation
Global mastic tapes market is segmented on the basis of material type, application type and end use industry
On the basis of material type, mastic tapes market is segmented into:
- Vinyl Mastic tapes
- Butyl Mastic tapes
- Grade Vinyl (PVC) Mastic tapes
On the basis of application type, mastic tapes market is segmented into:
- Cable splice
- Ground rods
- Lighting connections
On the basis of end use industry, mastic tapes market is segmented into:
- Construction industry
- Automotive industry
- Electrical and electronics industry