Pipe Marking Tape Market Scope
Over the past few decades, the global marking industry has witnessed substantial growth since some stringent labeling standards have been introduced across the globe. For instance; The American Society of Mechanical Engineers (ASME) Standard for Pipe Identification is one of the widely used guidelines in determining pipe identification requirements. Globalization has raised the imports and exports of marking materials and respective machines worldwide. In addition to this, some of the major pipe marking manufacturers have shifted their manufacturing bases or strengthened their distribution channels to expand their presence globally. The pipe marking tapes are manufactured from quality raw materials such as foam, plastic, paper, and many other materials. This markings guide the use/application of the pipe and to identify the contents of the pipe using a set of standardized colors. The number of color codes has been generated by pipeline industry associations so that uniformity and simplified identification can be provided. For instance; ASME A13.1-2007 editorial notes indicate that "A13.1 is intended to establish a common system to assist in the identification of hazardous materials conveyed in piping systems.
The market study is being classified by Type (Plastic Tape, Paper Tape, Foam Tape and Other), by Application (Pipeline, Drain Valve, Flange Joint and Other) and major geographies with country level break-up.
The Manufacturers having a strong hold in the market are 3M Company, Brady Corporation, Windmill Tapes Ltd, Marking Services Inc., and Caltech Adhesive Solutions. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Pipe Marking Tape market throughout the predicted period.
3M Company (United States), Brady Corporation (United States), Windmill Tapes Ltd (United Kingdom), Marking Services Inc. (United States), Caltech Adhesive Solutions (India), Premier Limpet Ltd (United Kingdom), Florida Marking Products, LLC (United States), Symbio Inc. (United States), ITO YOGYO (Japan) and Tape Holding Co Inc. (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Industrial Adhesive Solutions Limited (United States) and Can-Do National Tape (United States).
AdvanceMarketAnalytics has segmented the market of Global Pipe Marking Tape market by Type, Application and Region.
On the basis of geography, the market of Pipe Marking Tape has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use Industry, the sub-segment i.e. Industrial will boost the Pipe Marking Tape market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Tape Width, the sub-segment i.e. Less than 60 mm will boost the Pipe Marking Tape market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
the southeast Asian countries like South Korea and Indonesia will show slightly increased growth due to upsurging industrialization and oil & gas industry infrastructure. However, the demand from these regions might be stagnated due to some of the pipeline industry barriers. For instance; on July 30, 2019, the United States has decided to impose anti-dumping tariffs of up to 39 percent on South Korean oil pipeline, industry sources said Tuesday, amid growing protectionism trends around the globe.
- Growing Demand for Uniquely Manufactured Radium Tapes
- Increasing Technological Advancements in Developing Pipe Making Tapes
- Increasing Demand for Pipeline Marking in Oil and Gas Industry
- Upsurging Pipe Marking Mandates in Numerous Industry Verticals
- Growing Demand due to Increasing Nomenclature Mandates
- Minimized Threats of Accidents and Injuries caused by Chemical Contact, Explosion, and Burns
- Lack of Awareness about Pipe Marking from Underdeveloped Economies
- Stringent Norms in Oil and Gas Industry Infrastructure Development
Key Target AudiencePipe Marking Tape Manufacturers, Pipe Marking Tape Distributors and Traders, Research and Development Institutes, Government Agencies, Oil and Gas Industry Associations, Pipeline Industry Associations and Others
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