Global Filament Tapes Market is Anticipated to Grow at a CAGR of 7.1% and Reach a Worth of US$ 10,477.1 through Forecast End 2033 | Future Market Insights, Inc.

NEWARK, DE / ACCESSWIRE / June 13, 2023 / The global filament tapes market is projected to reach a value of US$ 10,477.1 million by 2033, with a significant CAGR of 7.1% during the forecast period.

The increasing demand for corrugated box packaging is expected to drive the growth of the filament tape market.

The carton sealing tapes segment holds a potential share in the market due to the rising demand for lightweight and durable packaging solutions in industries such as automotive, electronics, and food.

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Filament tapes offer high tensile strength and excellent adhesive properties, making them a preferred choice for sealing and securing corrugated boxes during transportation.

The automotive industry, particularly in the Asia Pacific region, is also a significant contributor to the growth of the market.

The tape is widely used in automotive applications for its strength and residue-free removal. Additionally, India's packaging and tape industry is witnessing growth driven by the electronics and electrical packaging sectors.

Filament tapes are preferred in sealing and bundling applications in these segments. The healthcare and hygiene industry also contributes to the demand for filament tapes due to the need for high-end packaging and protection against moisture, UV rays, and other environmental factors.

The single-sided tapes segment holds a substantial share of the market, accounting for around 52% in 2022. The growing demand for double-sided tapes is expected to increase market share due to their improved high-performance characteristics and multifunctional abilities.

Regarding backing adhesive, the plastic film segment is experiencing significant growth of 7.5%, driven by factors such as high tensile strength and preference in the automobile sector.

The acrylic-based adhesive is the leading segment among other adhesive types. It is fueled by its better aesthetics, high-quality bond to plastics and metals, and secure bonds between oily or contaminated surfaces. The acrylic-based adhesive is witnessing a growth of 9.1% during the analysis period.

• India is an influential market for filament tapes, witnessing a growth rate of 8.0% in the forecast period. The country's growing economy, expanding industrial sectors, and infrastructure development contribute to the demand for filament tapes.
• China, known for tape production, experiences a market growth of 7.5%, with technological advancements and collaborations shaping the adhesive industry.
• Germany, holding a market share of around 4.0% in Western Europe, benefits from the increasing growth of the electrical and electronic industry in the region.

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Competitive Landscape:

Companies in the filament tapes market have engaged in mergers and collaborations to enhance their product portfolios, expand their distribution networks, and tap into new market opportunities. By joining forces, companies can pool their resources and capabilities, enabling them to offer a comprehensive range of filament tape products and cater to the diverse needs of customers across various industries.

• 3M sells See Scotch Filament Tapes, including continuous fibers reinforcing the carrier to make it stronger, withstand damage, and prevent tears from migrating.
• Tesa SE introduced a new line of premium filament tapes with fiberglass reinforcing in October 2018. The novel filament tapes are durable when standard strapping tapes are insufficient to sustain heavy weight, high abrasion levels, or excessive shear force.

Key Players:

• 3M Company
• Intertape Polymer Corp, Inc.,
• Tesa Tape Inc.,
• Canadian Technical Tape, Ltd.
• Saint-Gobain Performance Plastics
• PPM INDUSTRIES S.P.A.
• Cosmos Tapes & Labels Private Limited
• Sekisui TA Industries, LLC
• Pro Tapes & Specialties Inc.
  • Polypropylene (PP)
  • Polyvinyl Chloride (PVC)
  • Polyethylene (PE)
  • Polyester (PS)
  • Others

Key Segments Covered:

By Filament Type:

• Single Sided Tapes
• Double Sided Tapes

By Backing Adhesive Type:

• Plastic Film
• Paper
• Fabric
• Foam

By Adhesive Type:

• Rubber Based
• Natural Rubber
• Synthetic Rubber
• Acrylic Based
• Hot Melt Adhesive

By Width:

• 12 mm
• 18 mm
• 24 mm
• 36 mm
• 48 mm
• 72 mm
• 96 mm

By Application:

• Bundling
• Strapping
• Insulation
• Carton Sealing
• Sealing
• Others

By End Use:

• Shipping & Logistics
• Building & Construction
• Food & Beverages
• Electrical & Electronics
• Automotive
• Healthcare & Hygiene
• Printing
• Metalworking
• Oil & Gas
• General Industrial
• Consumer Goods

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excluding Japan (APEJ)
• Japan
• The Middle East & Africa (MEA)

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Table of Content (ToC):

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.2. Scenario Forecast

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022

4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type

5.1. Introduction / Key Findings

5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Type, 2018 to 2022

5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Type, 2023 to 2033

Click Here for Filament Tapes Market 335 pages full ToC Report.

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