GITNUX MARKETDATA REPORT 2024
Industrial Tape Industry Statistics
The industrial tape industry is expected to experience steady growth driven by increasing demand from various sectors such as packaging, construction, automotive, and healthcare.
In this post, we will explore key statistics and trends in the industrial tapes industry, shedding light on market size, growth projections, regional insights, adhesive types, application segments, and more. With valuable data points such as market share percentages, CAGR estimates, and industry developments, this analysis aims to provide a comprehensive overview of the global industrial tapes market landscape.
Statistic 1
"The global industrial tapes market size was valued at USD 59.6 billion in 2019."
Statistic 2
"The industrial tapes market is expected to grow at a compound annual growth rate (CAGR) of 5.5% from 2020 to 2027."
Statistic 3
"Asia Pacific held the largest market share of more than 40% in 2019 due to the robust industrial production."
Statistic 4
"The North American industrial tapes market is predicted to see a CAGR of 4.5% from 2020 to 2027."
Statistic 5
"The adhesive type holding the largest market share in 2019 was acrylic, which accounted for over 40%."
Statistic 6
"Masking is the largest application segment, accounting for more than 30% share of the market revenue in 2019."
Statistic 7
"The licensing and certification segment accounted for over 20% of the global industrial tape market revenue in 2019."
Statistic 8
"Electrically conductive tapes segment is estimated to witness the highest CAGR of around 6.2% in the global industrial tapes market during 2020-2027."
Statistic 9
"Demand for double coated tapes is expected to rise at a CAGR of 5.7% from 2020 to 2027."
Statistic 10
"Aluminium tape segment accounted for a market share of ~4% in the global industrial tapes market in 2019."
Statistic 11
"The global industrial tapes market topped out at 13.23 billion square meters in 2017."
Statistic 12
"The automotive industry is expected to witness considerable growth in the industrial tapes market with a CAGR of 4.9% from 2020 to 2027."
Statistic 13
"Clear industrial tapes held the largest share of ~40% in the global industrial tapes market in 2019."
Statistic 14
"The industrial tapes market in Middle East & Africa is expected to expand at a CAGR of ~6% from 2019 to 2027."
Statistic 15
"Water-activated tapes will witness a CAGR of 5.8% over the prediction timeframe."
Statistic 16
"The United States held the largest market share in North America, accounting for more than 75% in 2019."
Statistic 17
"PET backing material segment accounted for ~2% of the global market share in 2019."
Statistic 18
"The filament tapes segment held over 15% market share in 2019, and is expected to grow at a CAGR of 5.6% from 2020 to 2027."
Statistic 19
"Pressure-sensitive tapes are projected to account for 29% of total demand by 2022."
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