Pipe Marking Tape Market

Pipe Marking Tape Market Overview

Pipe marking tape market is likely to record a moderate CAGR 9.8% during the forecast period. The market is currently valued at US$ 2.93 Bn and is likely to reach US$ 6.91 Bn by 2032.

Pipe marking tape is made of top-quality raw materials including paper, plastic, foam and other exceptional quality materials that guide the usage and comes in different pipework specific colors for the identification. Its use in various industries is phenomenal, increasing the sales of pipe marking tape. Demand for pipe marking tape also rises with the technological advancements of industries.

The color code printed pipe marking tapes carry an identification symbol or text, denoting the flow direction, water temperature and the nature of the liquid if it’s carrying hazardous chemical. These color codes help the end user in segmenting the pipes on the basis of the liquid’s nature that it carries, increasing the demand for pipe marking tapes.

What are the Key Drivers and Restraints to the Pipe Marking Tape Market?

Pipe marking tape is made of top-quality raw materials, including paper, plastic, foam, and other exceptional quality materials that guide the usage and come in different pipework-specific colors for identification. Its use in various industries is phenomenal, increasing the sales of pipe marking tape. Demand for pipe marking tape also rises with the technological advancements of industries.

The color code printed pipe marking tapes carry an identification symbol or text, denoting the flow direction, water temperature, and the nature of the liquid if it’s carrying hazardous chemicals. These color codes help the end user in segmenting the pipes on the basis of the liquid’s nature that it carries, increasing the demand for pipe marking tapes.

Which Region is the Biggest for Pipe Marking Tape Market?

The continuous expansion of the end-user industry, the presence of high growth economies, and increasing stringent norms regarding health and safety of the workplace are likely to create a significant demand for pipe marking tape in the Asia Pacific, excluding Japan (APEJ) region.

India and ASEAN countries are expected to register notable CAGR, while China is likely to remain at the forefront in terms of market share of pipe marking tape during the forecast period.  Western Europe is a significant shareholder of the global pipe marking tape market and is likely to witness a healthy CAGR during the forecast period.

In Western Europe, Germany is expected to be highly attractive in terms of market share and growth rate of pipe marking tape market during the forecast period, increasing the sales of pipe marking tapes.

The continuous expansion of the industrial sector in the North American region is expected to create significant demand for the pipe marking tape market during the forecast period.

The U.S. is likely to remain at the forefront regarding market share, while Canada is expected to be highly attractive regarding the growth rate of the pipe marking tape market during the forecast period, increasing the sales of pipe marking tapes. Latin America and the Middle East, and Africa are likely to create numerous demands for pipe marking tape during the forecast period attributing to factors such as the expansion of end-user industry and the presence of emerging economies.

Ismail Sutaria

Principal Consultant

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How’s the Competitive Landscape in Pipe Marking Tape Market?

The key players of the Pipe marking tape market are focusing on. The competitors also focus on factors like product launches, partnerships for better access to distribution channels. Companies also work on the grip, industry specific sizes and easy to apply formula that drives the demand for Pipe marking tape business. This drives the sales of Pipe marking tape. 

Key players in pipe marking tape market include 3M Company, Brady Worldwide Inc, Windmill Tapes & Labels Ltd, Marking Services Inc, Industrial Adhesive Solutions Limited, Limpet Tapes Limited, Florida Marking Products LLC, Symbio Inc, ITO YOGYO CO LTD and Can-Do National Tape

Recent Market Development

• 3M has started opening its production facilities and offices with a moderate workforce to drive recover from the covid-19 impact and drive the sales of pipe marking tape.
• Windmill Tapes & labels ltd has completed 40 years in the pipe marking tape industry and has introduced its upgraded series of printed and paper tapes including Vinyl Tapes, refuse sacks, Gum paper tapes etc. This gives a push to the sales of pipe marketing tapes.

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