PVC Tape Substrate Films Market to Witness Sluggish Growth Against the Backdrop of Adverse Effects of PVC on Environment

During the manufacturing process of adhesive tapes, film converting firms convert the parent roll of plastic films into small rolls of desired dimensions, suitable for tapes. PVC tape substrate films are converted in a similar way. High elasticity and water resistance property of PVC tape substrate films have been driving the demand for PVC materials from various end-use applications, such as building & construction, packaging, shipping & logistics and others. Though the thermal and electrical insulation property of PVC material has been shifting the market in favor of PVC tape substrate films in the electrical and electronics industry, the non-biodegradable nature of PVC materials is a major setback for the PVC tape substrate films market. In the present market scenario, the global demand for PVC tape substrate films is constantly increasing. However, the PVC tape substrate films market is anticipated to witness sluggish growth during the forecast period.

Paper and Biodegradable Plastic Materials Are Gradually Replacing PVC Tape Substrate Films

Various applications of PVC tape substrate films include tapes for masking, surface protection, thermal and electrical insulation, marking, sealing, etc. Due to a wide range of applications of PVC tape substrate films and high penetration of the product in multiple industries, the global PVC tape substrate films market is not dependent on any of the prominent end-user industries. On the other hand, increasing concern among consumers regarding the adverse effects of conventional plastics on environment, high intolerance towards the usage of plastics in the manufacturing sector and gradually rising prices of PVC resins owing to the limited availability of petroleum products are some of the important factors expected to hamper the growth of the PVC tape substrate films during the forecast period.

However, PVC tape substrate films create strong adhesion on non-uniform surfaces, such as concrete structures. These films also possess several unique features – they provide excellent thermal and electrical insulation, high elasticity, moisture resistance, etc. All of these factors will add to the growth of the PVC tape substrate films market during the forecast period.

Global PVC Tape Substrate Films Market Segmentation

The global PVC tape substrate films market can be segmented on the basis of film type into:

  • Transparent
  • Translucent
  • Opaque

The global PVC tape substrate films market can be segmented on the basis of thickness into:

  • Up to 100 micron
  • 100 to 150 micron
  • 151 to 200 micron
  • 201 to 500 micron
  • Above 500 micron

The global PVC tape substrate films market can be segmented on the basis of end-user industry into:

  • Electrical & electronics
  • Building & construction
  • Shipping & logistics
  • Packaging
  • Household

PVC Tape Substrate Films Demand in Western Europe Will Heavily Be Impacted by Strict Regulations Regarding the Use of Conventional Plastics

The electrical and electronics industry of Asia Pacific region, specifically China and Japan, is majorly responsible for driving the PVC tape substrate films market in the region. The packaging industry in the region is also developing at a significant pace, creating a positive scenario market for PVC tape substrate films. In North America, PVC tape substrate films are preferably utilized for making tapes for the building and construction industry. Electrical & electronics and shipping and logistics industries of North America are also adding to the consumption of PVC tape substrate films in the region. Majority of the developed economies of Western Europe have strictly restricted the use of conventional plastics, leading to a gradual decline in demand for PVC tape substrate films in the region. Thus, the market is anticipated to witness sluggish growth in the region during the forecast period.

Global PVC Tape Substrate Films Market Key Players

Some of the key playersoperating in the global PVC tape substrate films market are:

  • Cosmo Films Ltd.
  • The Klockner Pentaplast Group
  • Tekni-Plex Inc.
  • Irplast S.p.A.
  • SNS Films
  • Vibac Group S.p.A.
  • Uflex Ltd.
  • Nitto Denko Corporation

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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