The pipe marking tapes market size is estimated to be worth USD 1,504.7 million in 2024 and is anticipated to reach a value of USD 2,002.7 million by 2034. Sales are projected to rise at a CAGR of 2.9% over the forecast period between 2024 and 2034. The revenue generated by pipe marking tapes in 2023 was USD 1,462.3 million.
Identification pipe marking tapes are used most often as compared to other product types which include warning tapes and caution tapes, leading with a market share of 42.5% in 2024.
These tapes are used for marking pipes to identify the contents or types of fluid that have been carried through them in several end-use industries such as chemicals, oil and gas, water and waste management, power generation and transmission and many more. Identification pipe marking tapes are used more in these industries as they involve a variety of fluids and chemicals for various purposes.
Pipe Marking Tapes Industry Forecast
Attributes | Key Insights |
---|---|
Historical Size, 2023 | USD 1,462.3 million |
Estimated Size, 2024 | USD 1,504.7 million |
Projected Size, 2034 | USD 2,002.7 million |
Value-based CAGR (2024 to 2034) | 2.9% |
The construction industry finds major usage of pipe marking tapes because of the need for safety compliance by clearing labelling pipes with their contents and hazard information, ultimately preventing the risk of mishandling any type of hazardous liquids or substances, and reducing the likelihood of accidents and damage. The construction industry is set to capture more than 21.5% of the total market share in the assessment period.
A variety of materials are used for making pipe marking tapes as per the application and demand from endues industries. Vinyl-base tapes are expected to dominate the materials segment in the pipe marking tapes market. This rise is amid its excellent durability and resistance to weather, and harsh environmental conditions, including moisture, chemicals, and UV light.
Also, these tapes can be used for both indoor and outdoor applications to conform to various pipe surfaces and curves. The pipe marking tapes market is expected to experience profitable growth at a CAGR of 2.9% and create an incremental opportunity of USD 540.4 million than its current valuation during the forecast period.
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The below table presents the expected CAGR for the global pipe marking tapes market over several semi-annual periods spanning from 2024 to 2034.
Particular | Value CAGR |
---|---|
H1 | 2.8% (2023 to 2033) |
H2 | 3.0% (2023 to 2033) |
H1 | 2.6% (2024 to 2034) |
H2 | 3.2% (2024 to 2034) |
In the first half (H1) of the decade from 2023 to 2033, the business is predicted to surge at a CAGR of 2.8%, followed by a slightly higher growth rate of 3.0% in the second half (H2) of the same decade.
Moving into the subsequent period, from H1 2024 to H2 2034, the CAGR is projected to decrease slightly to 2.6% in the first half and remain relatively moderate at 3.2% in the second half. In the first half (H1) the market witnessed a decrease of 20 BPS while in the second half (H2), the market witnessed an increase of 20 BPS.
Critical Role of Pipe Marking Tapes in Water Safety
With the growing population and natural environments becoming degraded, ensuring a safe supply of water has become a serious agenda in several regions globally. Water treatment plants across the globe deal with a variety of chemicals such as chlorine, alum, sodium hypochlorite, sodium bisulphite and types of water for drinking purposes, industrial water treatment, wastewater treatment, desalination and many more.
The water treatment process of drinking water involves crucial activities related to these chemicals and waters. In order to identify them and avoid cases of misuse or use of the wrong chemical for treating water, pipe marking tapes are used.
These tapes are available in different colors which assist the labeling the pipes along with their contents with different colors. The treatment of drinking water is the most crucial and careful task as any negligence can cause the spread of illnesses like cholera, dysentery, diarrhea, hepatitis A, typhoid, and polio.
According to the World Health Organization, more than 1 million people globally die due to diarrhea as a result of unsafe drinking water. Therefore, to maintain the uttermost safety during the treatment of drinking water to prevent such cases and ensure the supply of safely managed drinking water is driving the demand for pipe marking tapes from numerous water treatment plants across the globe.
Surge in HVAC Industry Growth Boosts Pipe Marking Tape Demand
Various manufacturing industries such as food, beverage and pharmaceuticals require appropriate HVAC systems for maintaining sterile and controlled environments to ensure production process and end products are manufactured with high quality and without any contaminations.
These HVAC systems involve complex configurations with multiple pipes serving different functions to convey fluids (liquids and gases) from one location to another. To avoid confusion these pipes are marked with pipe marking tapes of different types such as identification tapes, warning tapes and caution tapes.
These tapes allow for quick identification of the respective piping system in case of emergencies, such as system malfunctions or leaks, maintenance, and repairs and also help in communicating instructions regarding hazardous chemicals or fluids carried by that pipe.
According to the Air Conditioning Contractors of America Association, Inc., the HVAC industry in the US is growing at a steady rate and is expected to account for USD 35.8 billion by 2030. The major reason for the increasing usage of HAVC systems is the growth of the construction industry and food, beverage and chemical industries across the globe.
The growth of these industries and the crucial role of these tapes in the HVAC systems are boosting the demand for pipe marking tapes.
Strict Safety Standards Raise Costs Limiting Adoption from Small Industries
Pipe marking tapes are prominently used for the identification and communication of pipe contents in various manufacturing industries to show compliance with the necessary safety standards. These standards are set by multiple national and international bodies, such as the Occupational Safety and Health Administration (OSHA) in the United States, and the European Union (EU) regulations.
To adhere to these regulations the tapes have to pass through rigorous testing and quality control processes to ensure product with high quality and durability. For this manufacturers require high-grade raw materials, specialized equipment and technology to produce compliant tapes, which results in increases overall prices of the tapes.
This leads to hesitation from small-sized industries or SMEs in choosing pipe marking tapes. As SMEs contribute significantly to the overall market growth, their hesitation towards pipe marking tapes may cause hindrances to the market over the forecast period.
The global pipe marking tapes market recorded a CAGR of 2.1% during the historical period between 2019 and 2023. Market growth of pipe marking tapes was positive as it reached a value of USD 1,462.3 million in 2023 from USD 1,317.1 million in 2019.
Pipe marking tapes are used in commercial sectors and several manufacturing industries for identification, and warning of complex piping systems carrying a variety of hazardous fluids and chemicals attributed to this the pipe marking tapes market experienced an incremental growth of USD 145.2 million from 2019 to 2023.
Pipe identification tapes are one of the basic types of pipe marking tapes that have key applications in chemical, food, pharmaceutical processing, and waste and water treatment plants. This high usage is expected to gain impetus demand at a growth rate of 2.6% over the forecast period.
Implementing strict regulations and standards for safety compliance in, machinery, equipment and production processes is another factor propelling the market.
This is due to the advantages of these tapes in the proper identification of numerous piping systems in industries and avoiding confusion and risks associated with the exposure or direct contact with dangerous and high-risk fluids or gases such as butane, hydrogen, carbon dioxide, oxygen, hydrogen sulfide, etc.
These tapes have been a favoured choice over other types of marking tapes due to their compatibility with pipes with different types and versatility with different materials and backing types which include vinyl-based tapes, polyester-based tapes, adhesive-backed tapes and paper-based tapes.
Ongoing innovation among the tape manufacturers for upgrading the quality, durability and improved ability to adhere to the surfaces for longevity purposes. Growing awareness to eliminate the incidents because of mishandling of liquids, gases, chemicals and un-safe substances is creating numerous opportunities for the pipe marking tapes market.
Tier 1 companies comprise market leaders with a market revenue of above USD 40 million capturing significant market share of 10% to 25% in global market. These market leaders are characterized by high production capacity and a wide product portfolio.
These market leaders are distinguished by their extensive expertise in manufacturing across multiple packaging formats and a broad geographical reach, underpinned by a robust consumer base. Prominent companies within tier 1 include 3M Company, Brady Corporation, First Safety Signs, Acu-Tech Piping Systems, and Windmill Tapes and Labels Ltd.
Tier 2 companies include mid-size players with revenue of USD 5 to USD 40 million having presence in specific regions and highly influencing the local market. These are characterized by a strong presence overseas and strong market knowledge. These market players have good technology and ensure regulatory compliance but may not have advanced technology and wide global reach.
Prominent companies in tier 2 include Craftmark Pipe Markers., T-ISS BV, Kolbi Pipe Marker Co., Jabac, INCOM Manufacturing Group, Mag Plastics, Singhal Industries Private Limited, Custom Tape Ltd, and Marking Services
Tier 3 includes the majority of small-scale companies operating at the local presence and serving niche markets having revenue below USD 5 million. These companies are notably oriented towards fulfilling local market demands and are consequently classified within the tier 3 share segment.
They are small-scale players and have limited geographical reach. Tier 3, within this context, is recognized as an unorganized market, denoting a sector characterized by a lack of extensive structure and formalization when compared to organized competitors.
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The section below covers the future forecast for the pipe marking tapes market in terms of countries. Information on key countries in several parts of the globe, including North America, Latin America, East Asia, South Asia and Pacific, Western Europe, Eastern Europe and MEA is provided.
USA is anticipated to remain at the forefront in North America, with a CAGR of 2.5% through 2034. In South Asia and Pacific, India is projected to witness a CAGR of 3.8% by 2034.
Countries | Value CAGR (2024 to 2034) |
---|---|
USA | 2.5% |
Germany | 2.3% |
China | 3.6% |
UK | 2.4% |
Spain | 2.4% |
India | 3.8% |
Canada | 2.1% |
The pipe marking tapes market in USA is projected to grow at a CAGR of 2.5% compared to other countries in the North American region by 2034.
The growth of manufacturing industries like food, beverage, chemicals and pharmaceuticals across growing economies in North America such as the USA is one of the prime reasons for the high demand for pipe marking tapes. According to the reports from National Institute of Standards and Technology, in 2022, the manufacturing sector generated a valuation of USD 2.3 trillion to the country’s GDP.
Manufacturing facilities of several industries have multiple processes working together in an integrated manner to make products consistent with high quality. These include the flow of material between reactors, mixers, filling and sealing units to maintain high scalable production efficiency.
For easy communication of the type of material passing through pipes, pipe marking tapes are used on a large scale for tracking and managing the flow of materials through complex systems, aiding in inventory control and process monitoring. To maintain high production efficiency for outputs with high volume with any interruption, the demand for pipe marking tapes is expected to be high in USA in upcoming years.
The pipe marking tapes industry in India offers lucrative opportunities due to color coding system set for of pipelines in chemical industry and other industrial installations. The country is anticipated to record a CAGR of 3.8% over the forecast period.
The Bureau of Indian Standards has set certain standards under the publication name BS 1710: 1984 Specifications for the identification of Pipelines and Services to deal with the lack of uniformity of color coding of pipelines to lessen the chances of error and reduce hazards involved in the handling of material inside the pipelines.
Various chemical industries in India have been following these standards to show compliance with mandatory safety regulations such as OSHA, ANSI, and ISO and some other related manufacturing practices.
Pipe marking tapes are used with different color codes for denoting the type of chemical carried by any specific pipe consisting of canary yellow for industrial gases, dark admiralty grey for benzene and acetone, dark violet for acids, sky blue for air and vacuum and several such combinations of color codes.
These factors have resulted in the increased demand for pipe marking tapes for identification of pipes carrying hazardous chemicals is crucial for preventing accidents, spills, and exposure to toxic substances for safety and risk management.
The section contains information about the leading segments in the industry. In terms of product type, identification tapes are estimated to account for a share of 42.5% by 2034. By application, the industrial piping system segment is projected to dominate by holding a share of 32.7% by the end 2034.
Product Type | Identification Tapes |
---|---|
Value CAGR (2034) | 2.6% |
Among multiple product types, identification pipe marking tapes are expected to lead the market in the assessment period. Identification pipe marking tapes are anticipated to rise at a growth rate of 2.6% till the end of 2034.
Identification pipe marking tapes are more frequently used attributed to their broad applicability to serve a wide range of purposes ranging from industrial facilities to commercial buildings to label and distinguish various pipes and systems.
These tapes are cost-effective to produce and purchase and durable to withstand environmental factors such as UV light, moisture, and temperature variations as compared to warning and caution tapes, making them a preferred choice from several end-use industries for permanent or semi-permanent marking.
Also, identification pipe marking tapes can be customized with various colors, text, and symbols to suit specific needs in chemical, oil and gas, water management plants, etc. Various manufacturing industries have regulatory requirements in terms of safety, forcing companies to label piping systems for quick identification.
These beneficial factors add up to overall safety and risk management by informing what each pipe or component contains, ultimately resulting in burgeoning demand for identification pipe marking tapes over the forecast period.
Application | Industrial Piping System |
---|---|
Value CAGR (2034) | 3.1% |
The pipe marking tape are used predominantly for industrial piping system compared to other applications and estimated to dominate the market at a CAGR of 3.1% till 2034.
Industrial piping systems involve numerous pipes carrying a variety of fluids and gases which translates the demand for efficient identification of pipes and its contents are immediately recognizable. These tapes result in easy locating of the pipes which is very essential during maintenance and repair activities.
Industrial piping systems go through compliance audits related to safety and operational standards every year, these tapes allow for proper labelling of pipes by providing clear documentation of labelling practices and compliance. Industrial systems many times undergo modifications or expansions, and these tapes can be easily updated or changed because of their ease of application.
Warning tapes convey information in cases of hazardous fluids or chemicals in the pipes, which prevents handling or dealing with such piping systems without considering necessary safety measures. Due to enhanced visibility of complex industrial piping systems and assistance during safety audits, the pipe marking tape is expected to gain impetus demand in the assessment period.
Leading companies in the pipe marking tapes market are focusing on expansion of their production facilities to augment production capabilities to meet the increasing demand in the market. They are expanding their geographic reach and merging with other companies. Some of the key players are also working together to develop new products in partnerships with start-up businesses and regional brands.
Key Developments in Biodegradable Lids Market
The pipe marking tapes market are divided into multiple product tapes which include identification tapes, warning tapes, and caution tapes.
Pipe marking tapes are used for diverse applications such as industrial piping system, HVAC system, chemical processing system and water treatment.
The materials segment of making pipe marking tapes is divided into vinyl-based tapes, polyester-based tapes, paper-based tapes, and adhesive-backed tapes
End users of pipe marking tapes include construction, manufacturing, oil and gas, power generation and transmission, water and waste management, food and beverage processing, pharmaceutical and biotechnology and chemical processing.
Key countries of North America, Latin America, East Asia, South Asia and Pacific, Western Europe, Eastern Europe, Middle East and Africa are covered.
The pipe marking tapes industry is projected to witness CAGR of 2.9% between 2024 and 2034.
The global pipe marking tapes industry stood at USD 1,462.3 million in 2023.
Global pipe marking tapes industry is anticipated to reach USD 2,002.7 million by 2034 end.
North America is set to record a CAGR of 2.1% in assessment period.
The key players operating in the pipe marking tapes industry are 3M Company, Brady Corporation, First Safety Signs, Acu-Tech Piping Systems, and Windmill Tapes and Labels Ltd.
1. Executive Summary 2. Industry Introduction 2.1. Market Taxonomy 2.2. Market Definition 3. Market Trends and Success Factors 4. Market Background 4.1. Macro-economic and Industry Outlook 4.2. Market Dynamics 4.3. Value Chain Analysis 4.4. List of Key Market Participants (Manufacturers/Channel Partners) 4.5. Analysis of Key Industry Matrices 4.6. Industry Development Roadmap 5. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034 5.1. Historical Market Volume Analysis 5.2. Future Market Volume Projections 6. Pricing Analysis 7. Global Market Value (USD) Analysis 2019 to 2023 and Forecast 2024 to 2034 7.1. Historical Sales Analysis 7.2. Future Market Size and Growth Projections 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product Type 8.1. Identification Tapes 8.2. Warning Tapes 8.3. Caution Tapes 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Application 9.1. Industrial Piping System 9.2. HVAC System 9.3. Chemical Processing System 9.4. Water Treatment 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Material 10.1. Vinyl-based Tapes 10.2. Polyester-based Tapes 10.3. Paper-based Tapes 10.4. Adhesive-backed Tapes 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by End Use 11.1. Construction 11.2. Manufacturing 11.3. Oil & Gas 11.4. Power Generation and Transmission 11.5. Water and Waste Management 11.6. Food & Beverage Processing 11.7. Pharmaceutical & Biotechnology 11.8. Chemical Processing 12. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 12.1. North America 12.2. Latin America 12.3. East Asia 12.4. South Asia & Pacific 12.5. Western Europe 12.6. Eastern Europe 12.7. MEA 13. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market and Country 14. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country 15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country 16. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country 17. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country 18. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country 19. Middle East and Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country 20. Sales Analysis 2024 & 2034 by Key Market Segments for 30 Countries 21. Competition Outlook including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 22. Company Profile 22.1. 3M Company 22.2. Brady Corporation 22.3. First Safety Signs 22.4. Acu-Tech Piping Systems 22.5. Windmill Tapes and Labels Ltd 22.6. Craftmark Pipe Markers. 22.7. T-ISS BV 22.8. Kolbi Pipe Marker Co. 22.9. Jabac 22.10. INCOM Manufacturing Group 22.11. Mag Plastics 22.12. Singhal Industries Private Limited 22.13. Custom Tape Ltd 22.14. Marking Services. 22.15. V4You
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