Global Vinyl Mastic Tape Market: Overview
Vinyl mastic tape is composed of a self-fusing mastic compound with a vinyl backing, which is used for the insulation and sealing of electric connections. Vinyl mastic tape provides excellent electrical properties, and moisture and chemical resistance. Vinyl backing offers ultra-violet protection. Vinyl mastic tape is used for the insulating, padding, and sealing of objects that require protection from adverse environmental conditions. The vinyl mastic tape market is anticipated to increase, owing to increment in demand for protective packaging in the industrial sector. Vinyl mastic tape is used for splice cases, load coil case protection, auxiliary sleeves, cable sheath repair, drop wire insulation, and other general taping applications. Vinyl mastic tape is RoHS compliant, which is short for a directive on the restriction of the use of hazardous substances in electronic equipment. Vinyl mastic tape can be used on different materials such as polyethylene and steel. Vinyl mastic tape is available in various sizes (width) to cover the maximum number of applications needed in the market. Vinyl mastic tapes have vibration-damping properties, and therefore, are used to reduce the effect of the high vibration caused by machines at manufacturing sites.
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Global Vinyl Mastic Tape Market: Dynamics
The rubber-based material laminated to vinyl provides double-duty protection in a single wrap, which is expected to boost the demand for vinyl mastic tape. The global vinyl mastic tape market is anticipated to increase during the forecast period, owing to the sufficient breaking strength provided by it. The typical breaking strength of vinyl mastic tape is more than 30 MPa, which is expected to increase the usage of vinyl mastic tape during the forecast period. Vinyl mastic tape is suitable for indoor as well as outdoor applications, and is easy to install. The outlook for vinyl mastic tape is expected to be positive during the forecast period. Vinyl mastic tape also protects cables against abrasion, corrosion, and fire, which is expected to increase its demand. Vinyl mastic tape protects against moisture and corrosion. Vinyl mastic tape decreases the usage of multiple tapes, which is expected to decrease the cost for a particular application. Cost-effective results for a single application may increase the benefits for the end-use industry, which is expected to increase the consumption of vinyl mastic tape in the near future. Frequent product launches in the electronics and electrical industry are expected to drive the vinyl plastic tape market in the coming years.
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Global Vinyl Mastic Tape Market: Segmentation
The vinyl mastic tape market is classified on the basis of width and end use.
On the basis of width, the global vinyl mastic tape market is segmented as follows:
- <60 mm
- 60 - 120 mm
- 120 - 180 mm
- >180 mm
On the basis of end use, the global vinyl mastic tape market is segmented as follows:
- Building & Construction
- Electrical & Electronics
- Other Industrial
Global Vinyl Mastic Tape Market: Key Players and Trends
Some of the leading manufacturers in the global vinyl mastic tape market are Plymouth Rubber Europa S.A., Shenzhen Cotran New Material Co.,Ltd. and The 3M Company. The 3M Company is offering vinyl mastic tape that offers 200% elongation, and is also applicable at temperatures ranging from 0°F to 100°F, without loss of its physical or electrical properties.
Global Vinyl Mastic Tape Market: Regional Outlook
China is the top importing country of polyvinyl chloride resin, which is expected to expand the global vinyl mastic tape market in the coming years. The East Asia region is expected to create high incremental opportunity during the forecast period, owing to growth of the industrial packaging market. Manufacturers in the industry are looking to invests in the Middle East & Africa region, which is expected to increase the demand for vinyl mastic tape during the forecast period. The vinyl masking tape market is expected to expand at a significant CAGR during the forecast period in GCC countries, owing to increasing demand from the industrial sector.
The vinyl mastic tape market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with vinyl mastic tape market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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
- 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.
2. Insights and Tools
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.
3. Actionable Results
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.