This Electrical Tapes market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The electrical tapes market size has grown strongly in recent years. It will grow from $12.96 billion in 2023 to $13.65 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth during the historical period can be attributed to the increasing demand for electrical insulation, a rise in construction activities, growing investments in upgrading electrical grids and infrastructure, a heightened need for high-quality insulation materials, and expansion in automotive production.
The electrical tapes market size is expected to see strong growth in the next few years. It will grow to $16.85 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The anticipated growth during the forecast period can be attributed to the increasing transition towards electric vehicles, the rising demand for renewable energy systems, the growing adoption of smart home technologies, rapid urbanization and infrastructure development, and the escalating demand for portable electronic devices. Key trends expected in this period include innovations in flame-retardant and heat-resistant electrical tapes, advancements in electrical tape products, breakthroughs in material science, improvements in electrical tape technology, and the creation of more efficient and durable electrical tapes.
The growing automotive industry is expected to drive the expansion of the electrical tapes market in the future. This industry encompasses the development, production, marketing, and sale of various motor vehicles, including cars, trucks, and motorcycles. The rise of the automotive sector is attributed to the increasing demand for electric vehicles, advancements in technology, and heightened consumer interest in mobility solutions. Furthermore, supportive government policies and investments in infrastructure are accelerating this industry's growth. Electrical tapes are essential in the automotive sector for insulating, protecting, and bundling electrical wiring, ensuring the safety and efficiency of vehicle electrical systems. For instance, a report by the European Automobile Manufacturers' Association (ACEA) published in May 2023 indicated that in 2022, global motor vehicle production reached 85.4 million units, representing a 5.7% increase compared to 2021. Thus, the expanding automotive industry is fueling the growth of the electrical tapes market.
Leading companies in the electrical tapes market are concentrating on developing innovative products, such as high abrasion-resistant electrical tapes, to meet the stringent demands of modern automotive applications and enhance durability and performance. These specialized insulating tapes are designed to endure significant wear and tear in challenging environments. For example, in September 2023, Avery Dennison, a US-based manufacturer of pressure-sensitive adhesive materials, launched the Volt Tough portfolio of electrical insulation tapes, specifically aimed at improving electrical insulation in electric vehicle (EV) battery packs. This new line includes high abrasion-resistant and flame-retardant options that comply with UL-94, as well as color choices for vision inspection systems and other flammability standards to facilitate efficient production. The product line addresses key challenges related to high-voltage systems in EVs, particularly the risk of electrical arcing between battery cells and conductive components, which can lead to short circuits or fires. It also provides tailored solutions that meet specific needs, including various adhesive formulations and single-coated foam options to enhance insulation performance.
In May 2023, ADDEV Materials Pvt. Ltd., a French manufacturer of sustainable industrial materials, acquired Parafix Tapes & Conversions Ltd. for an undisclosed sum. This acquisition aims to strengthen ADDEV Materials Pvt. Ltd.'s capabilities in producing and distributing high-performance materials, particularly for the aerospace and defense sectors. Parafix Tapes & Conversions Ltd. is a UK-based company that specializes in self-adhesive materials, including tapes, foams, films, and foils.
Major companies operating in the electrical tapes market are 3M Company, Avery Dennison Corporation, Berry Global Inc., Nitto Denko Corporation, Denka Company Limited, Tesa SE, HellermannTyton, Intertape Polymer Group Inc., Scapa Group PLC, Shurtape Technologies LLC, Teraoka Seisakusho Co Ltd., Jonson Tapes, Parafix Tapes & Conversions Ltd., Advance Tapes International Ltd., Plymouth Rubber Europa S.A., Viking Industrial Products Ltd., Electro Tape Specialties Inc., Louis Tape Co. Ltd., PPI Adhesive Products Ltd., Intek Tapes Private Limited.
Asia-Pacific was the largest region in the electrical tapes market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the electrical tapes marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the electrical tapes marker report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Electrical tape is a pressure-sensitive adhesive tape designed for insulating and protecting electrical wires and components. Made from materials such as vinyl or rubber, it offers excellent resistance to heat, moisture, and abrasion, ensuring safe electrical connections. This tape is commonly used to prevent short circuits, cover exposed wires, and bundle cables, and it comes in various colors, which are often used for phase identification in wiring systems.
The main types of electrical tape include polyester film tape, polyvinyl chloride (PVC) electrical tape, cloth electrical tape, rubber tape, and polyamide tape. Polyester film tape is a high-performance option made from polyester film, recognized for its strength, durability, and outstanding electrical insulation properties. These tapes are utilized in a variety of applications, including insulation, protection, phasing, splicing, and cable bundling, serving various end-users in sectors such as automotive, aerospace, construction, electronics, and electrical.
The electrical tapes market research report is one of a series of new reports that provides electrical tapes market statistics, including the electrical tapes industry global market size, regional shares, competitors with an electrical tapes market share, detailed electrical tapes market segments, market trends and opportunities, and any further data you may need to thrive in the electrical tapes industry. This electrical market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The electrical tapes market consists of sales of insulating wires, high-temperature tapes, and heat shrink tapes. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The electrical tapes market size has grown strongly in recent years. It will grow from $12.96 billion in 2023 to $13.65 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth during the historical period can be attributed to the increasing demand for electrical insulation, a rise in construction activities, growing investments in upgrading electrical grids and infrastructure, a heightened need for high-quality insulation materials, and expansion in automotive production.
The electrical tapes market size is expected to see strong growth in the next few years. It will grow to $16.85 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The anticipated growth during the forecast period can be attributed to the increasing transition towards electric vehicles, the rising demand for renewable energy systems, the growing adoption of smart home technologies, rapid urbanization and infrastructure development, and the escalating demand for portable electronic devices. Key trends expected in this period include innovations in flame-retardant and heat-resistant electrical tapes, advancements in electrical tape products, breakthroughs in material science, improvements in electrical tape technology, and the creation of more efficient and durable electrical tapes.
The growing automotive industry is expected to drive the expansion of the electrical tapes market in the future. This industry encompasses the development, production, marketing, and sale of various motor vehicles, including cars, trucks, and motorcycles. The rise of the automotive sector is attributed to the increasing demand for electric vehicles, advancements in technology, and heightened consumer interest in mobility solutions. Furthermore, supportive government policies and investments in infrastructure are accelerating this industry's growth. Electrical tapes are essential in the automotive sector for insulating, protecting, and bundling electrical wiring, ensuring the safety and efficiency of vehicle electrical systems. For instance, a report by the European Automobile Manufacturers' Association (ACEA) published in May 2023 indicated that in 2022, global motor vehicle production reached 85.4 million units, representing a 5.7% increase compared to 2021. Thus, the expanding automotive industry is fueling the growth of the electrical tapes market.
Leading companies in the electrical tapes market are concentrating on developing innovative products, such as high abrasion-resistant electrical tapes, to meet the stringent demands of modern automotive applications and enhance durability and performance. These specialized insulating tapes are designed to endure significant wear and tear in challenging environments. For example, in September 2023, Avery Dennison, a US-based manufacturer of pressure-sensitive adhesive materials, launched the Volt Tough portfolio of electrical insulation tapes, specifically aimed at improving electrical insulation in electric vehicle (EV) battery packs. This new line includes high abrasion-resistant and flame-retardant options that comply with UL-94, as well as color choices for vision inspection systems and other flammability standards to facilitate efficient production. The product line addresses key challenges related to high-voltage systems in EVs, particularly the risk of electrical arcing between battery cells and conductive components, which can lead to short circuits or fires. It also provides tailored solutions that meet specific needs, including various adhesive formulations and single-coated foam options to enhance insulation performance.
In May 2023, ADDEV Materials Pvt. Ltd., a French manufacturer of sustainable industrial materials, acquired Parafix Tapes & Conversions Ltd. for an undisclosed sum. This acquisition aims to strengthen ADDEV Materials Pvt. Ltd.'s capabilities in producing and distributing high-performance materials, particularly for the aerospace and defense sectors. Parafix Tapes & Conversions Ltd. is a UK-based company that specializes in self-adhesive materials, including tapes, foams, films, and foils.
Major companies operating in the electrical tapes market are 3M Company, Avery Dennison Corporation, Berry Global Inc., Nitto Denko Corporation, Denka Company Limited, Tesa SE, HellermannTyton, Intertape Polymer Group Inc., Scapa Group PLC, Shurtape Technologies LLC, Teraoka Seisakusho Co Ltd., Jonson Tapes, Parafix Tapes & Conversions Ltd., Advance Tapes International Ltd., Plymouth Rubber Europa S.A., Viking Industrial Products Ltd., Electro Tape Specialties Inc., Louis Tape Co. Ltd., PPI Adhesive Products Ltd., Intek Tapes Private Limited.
Asia-Pacific was the largest region in the electrical tapes market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the electrical tapes marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the electrical tapes marker report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Electrical tape is a pressure-sensitive adhesive tape designed for insulating and protecting electrical wires and components. Made from materials such as vinyl or rubber, it offers excellent resistance to heat, moisture, and abrasion, ensuring safe electrical connections. This tape is commonly used to prevent short circuits, cover exposed wires, and bundle cables, and it comes in various colors, which are often used for phase identification in wiring systems.
The main types of electrical tape include polyester film tape, polyvinyl chloride (PVC) electrical tape, cloth electrical tape, rubber tape, and polyamide tape. Polyester film tape is a high-performance option made from polyester film, recognized for its strength, durability, and outstanding electrical insulation properties. These tapes are utilized in a variety of applications, including insulation, protection, phasing, splicing, and cable bundling, serving various end-users in sectors such as automotive, aerospace, construction, electronics, and electrical.
The electrical tapes market research report is one of a series of new reports that provides electrical tapes market statistics, including the electrical tapes industry global market size, regional shares, competitors with an electrical tapes market share, detailed electrical tapes market segments, market trends and opportunities, and any further data you may need to thrive in the electrical tapes industry. This electrical market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The electrical tapes market consists of sales of insulating wires, high-temperature tapes, and heat shrink tapes. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Electrical Tapes Market Characteristics3. Electrical Tapes Market Trends and Strategies32. Global Electrical Tapes Market Competitive Benchmarking33. Global Electrical Tapes Market Competitive Dashboard34. Key Mergers and Acquisitions in the Electrical Tapes Market
4. Electrical Tapes Market - Macro Economic Scenario
5. Global Electrical Tapes Market Size and Growth
6. Electrical Tapes Market Segmentation
7. Electrical Tapes Market Regional and Country Analysis
8. Asia-Pacific Electrical Tapes Market
9. China Electrical Tapes Market
10. India Electrical Tapes Market
11. Japan Electrical Tapes Market
12. Australia Electrical Tapes Market
13. Indonesia Electrical Tapes Market
14. South Korea Electrical Tapes Market
15. Western Europe Electrical Tapes Market
16. UK Electrical Tapes Market
17. Germany Electrical Tapes Market
18. France Electrical Tapes Market
19. Italy Electrical Tapes Market
20. Spain Electrical Tapes Market
21. Eastern Europe Electrical Tapes Market
22. Russia Electrical Tapes Market
23. North America Electrical Tapes Market
24. USA Electrical Tapes Market
25. Canada Electrical Tapes Market
26. South America Electrical Tapes Market
27. Brazil Electrical Tapes Market
28. Middle East Electrical Tapes Market
29. Africa Electrical Tapes Market
30. Electrical Tapes Market Competitive Landscape and Company Profiles
31. Electrical Tapes Market Other Major and Innovative Companies
35. Electrical Tapes Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Electrical Tapes Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on electrical tapes market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for electrical tapes? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The electrical tapes market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- the market characteristics section of the report defines and explains the market.
- the market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- the forecasts are made after considering the major factors currently impacting the market. These include:
- the impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- the impact of higher inflation in many countries and the resulting spike in interest rates.
- the continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- the regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- the competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- the trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Product: Polyester Films Tape ; Polyvinyl Chloride (PVC) Electrical Tape ; Cloth Electrical Tape ; Rubber Tape ; Polyester Film Tape ; Polyamide Tape2) by Application: Insulation; Protection; Phasing; Splicing; Cable Bundling
3) by End-User: Automotive ; Aerospace ; Construction ; Electronic ; Electrical
Key Companies Mentioned: 3M Company; Avery Dennison Corporation; Berry Global Inc.; Nitto Denko Corporation; Denka Company Limited
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies profiled in this Electrical Tapes market report include:- 3M Company
- Avery Dennison Corporation
- Berry Global Inc.
- Nitto Denko Corporation
- Denka Company Limited
- Tesa SE
- HellermannTyton
- Intertape Polymer Group Inc.
- Scapa Group PLC
- Shurtape Technologies LLC
- Teraoka Seisakusho Co Ltd.
- Jonson Tapes
- Parafix Tapes & Conversions Ltd.
- Advance Tapes International Ltd.
- Plymouth Rubber Europa S.A.
- Viking Industrial Products Ltd.
- Electro Tape Specialties Inc.
- Louis Tape Co. Ltd.
- PPI Adhesive Products Ltd.
- Intek Tapes Private Limited
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | December 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 13.65 Billion |
| Forecasted Market Value ( USD | $ 16.85 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 21 |
