Published: May, 2018

The global utility grade duct tapes market is prognosticated to witness a steady growth in the coming years, according to Transparency Market Research (TMR). According to the report, the vendors in construction and packaging are expected to find diverse applications in utility grade duct tapes, promoting their uptake and production. The leading players in the global utility grade duct tapes market are Pro Tapes and Specialties Inc., Tesa SE Group, Bolex (Shenzhen) Adhesive Products Co. Ltd., Intertape Polymer Group Inc., and 3M Company. Vendors operating in the global utility grade duct tapes market are expected to compete in terms of product differentiation, pricing and their product portfolio. Due to low investment costs, a number of vendors are entering the market easily, and are focusing on inorganic growth strategies.

According to the report, the global utility grade duct tapes market was estimated to be at US$395.1 mn in 2017. With a steady 5.1% CAGR, the market is predicted to reach a value of US$505.6 mn between 2017 and 2022, the duration of forecast.

global-utility-grade-duct-tapes-market.jpgBased on application, the segment dedicated to repair is prognosticated to account for nearly 33% of the market revenue over the forecast period. The high adhesive powers, easy applicability and availability of advanced alternatives are the desirable features of the product playing a key role in promoting this application segment to the lead.

Considering geographical segmentation, Europe is expected to emerge as the dominant contributor in the global utility grade duct tapes market, with a 3.7% CAGR. The supremacy of this region may be attributed to the rising demand and popularity of do-it-yourself (DIY) applications in the region over the forecast period.

Emerging Industrial Applications to Boost Product Demand                       

On account of their high tacking capabilities, utility grade duct tapes are largely utilized for sealing and marking purposes in a number of industries such as automotive, building and construction, electrical & electronics and some other industrial purposes. Utility grade duct tapes, manufacturers are also being used to seal heavy duty boxes, for packaging and wrapping different products. Apart from some highly specific and industrial applications, duct tapes are also used in everyday household activities such as repairing the broken parts of furniture or any tool. Some other common uses of the product include padding and protective sheeting, and securing flooring and carpets, etc.

Utility grade tapes prove to be highly efficient in packaging of goods on account of their low tack adhesion on cardboard and difficult contours. The booming building and construction across the globe is expected to heavily impact the growth in use of utility grade duct tapes over the years to come. Duct tapes have become a preferred option for many household and industrial operations instead of mastic fluids due to the ease in application.

Emergence of DIY Projects to Prove to Be Key Market Trend Influencing Growth

Do-it-yourself or DIY is a trend that has been transcending into public awareness at a rapid rate. The DIY craze has given birth to a number of networks, sites, stores and sectors that exclusively contribute to DIY. The trending of DIY on social media such as Pinterest, DIYNetwork, and Instagram is largely fuelling the popularity of the activity in different arenas such as crafting, gardening, and small construction and furniture projects, creating an inherent need for materials such as utility grade duct tapes. Thus, the rise of DIY is a pivotal trend impacting the growth of the global utility grade duct tapes market positively.

This review is based    TMR’s 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.”Top of Form

The market is segmented along the following lines:

Global Utility Grade Duct Tapes Market, by Backing Material

  • Plastic
  • Foil
  • Cloth

Global Utility Grade Duct Tapes Market, by Application

  • Sealing
  • Repairing
  • Holding
  • Waterproofing
  • Strapping

Global Utility Grade Duct Tapes Market, by End-Use

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

Global Utility Grade Duct Tapes Market, by Geography

  • North America
    • U.S.
    • Rest of North America 
  • Europe
    • U.K
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Middle East and Africa
    • UAE
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Rest of Latin America

About Us

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

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-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 information we offer customized solutions through adhoc reports. These requests 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 clients-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

.