Published: Aug, 2019

The global utility grade duct tapes market is expected to witness a healthy growth rate 5. 1% CAGR during 2017 to 2022, reveals the findings of an upcoming report by Transparency Market Research (TMR).

The global utility grade duct market was valued at US$ 395. 1mn in 2017 and it is expected to reach at US$505.6 mn by the end of forecast period. The demand for utility grade duct tape is ever growing. The large share of demand is expected from repairs. The utility duct tapes have various applications such as sealing, holding, waterproofing, repairing, and strapping. But, repairing segment may fuel the market due to its high adhesive properties and ease in applications.

global-utility-grade-duct-tapes-market.jpg

Constructions & Buildings to Strengthen Utility Grade Duct Tapes

Construction projects and buildings use a larger share of utility grade duct tapes for various applications, thus, resulting in the expansion of the global utility grade duct tapes market.

The utility duct tapes can be used as a masking tape on floors or any kind of surfaces. These are easy to tear, have excellent tensile strength, and abrasion resistance. These features make them an ideal choice as masking tape for smooth and delicate surfaces. This might aid in the growth of the global utility grade duct tapes market.

The utility duct tapes are used in insulation of electrical applications; this provides shock resistance, durable holding, high performance, and superior reliability. Thus, might aid in expanding the growth opportunities of the global utility grade duct tapes market in the forthcoming years.

Utility duct tapes are not just used by the construction companies but also it is being used by common household for regular maintenance such as insulating electrical appliances, wrapping pipes, etc. This could lead to the expansion of the utility grade duct tapes market.

Further, these tapes are highly cost efficient which makes them an obvious choice in industrial sectors.

On the flip side, presence of  such as fibre tapes and mastic fluids might hinder the growth in the global utility grade duct tapes during the forecast period. Nevertheless, the growing packaging and logistics sector is expected to provide impetus to the growth in the global utility grade duct tapes market. The growth can be due to high tensile strength and superior adhesive features that these tapes offer.

Europe to Influence Utility Grade Duct Tapes Market

The global utility grade duct tapes market is spread across five key regions, North America, Europe, Asia Pacific, Latin America, and Middle East. Among all these, Europe is prognosticated to dominate the market over the forecast period. The growth can be due to people preferring DIY projects and presence of stores like IKEA DIY projects strengthens the market.

Simultaneously, North America and Asia Pacific exhibit an impressive growth in the upcoming years. The growth in North America can be due to strong presence of logistics giants such as Fedex using such tapes for packing and packaging during the transit. In Asia Pacific, the growth is expected from rapid industrialization, rising number of constructions, rising demand due to general applications of utility duct tapes.

In terms of competition, the major companies operating in the global utility grade duct tapes market include Scapa Group Plc,  Berry Global Group Inc., Shurtape Technologies LLC, Vibac Group S.p.a., Intertape Polymer Group Inc., 3M Company, Shanghai Yongguan Adhesive Products Co. Ltd. and Pro Tapes and Specialties Inc. Several new entrants may come into the global utility grade duct tapes market due to low investment needs.

This review is based on the findings of a TMR report titled, “Utility Grade Duct Tapes Market (Backing Material - Plastic, Foil, Cloth; Application - Sealing, Repairing, Holding, Waterproofing, Strapping; End Use - HVAC, Building and Construction, Shipping and Logistics, DIY)) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017– 2022.”

The global utility grade duct tapes market is segmented into

Backing Material

  • Plastic
  • Foil
  • Cloth

Application

  • Sealing
  • Repairing
  • Holding
  • Waterproofing
  • Strapping

End Use

  • HVAC
  • Building and Construction
  • Shipping and Logistics
  • DIY

Geography

  • North America
    • U.S.
    • Canada 
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of the Europe 
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific 
  • Latin America (LATAM)
    • Brazil
    • Mexico
    • Rest of LATAM
  • Middle East & Africa
    • South Africa
    • Rest of MEA
    • GCC Countries

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to industry leaders, consultants, and strategy professionals.

Our reports are single-point solutions for industries to grow, evolve, and mature. Our significant-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive data we offer customized solutions through adhoc reports. These demands are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for client-specific problems with right methodology of research is the key to help enterprises reach right decision.

U.S. Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com