What is Coating Tape Market Scope?
These are state-of-the-art surface protective coating methods that use tapes that are wrapped around a cylindrical substrate with non-shielding coating properties. There is a high demand for Coating Tape in the electrical & electronics, and automotive industries as manufacturers are mainly focusing on presenting a new variety of products with improved properties. Furthermore, the utilization of automotive industries, awareness regarding hygiene products, infrastructure development, and up-gradation of electronic equipment are increasing the demand for adhesive tapes. Manufacturers are manufacturing tapes with exceptional focus on heat as well as weather resistance features, which is also driving the Coating Tape market.
The Coating Tape market study is being classified by Type (Foam, Paper, Plastic and Others), by Application (Automotive, Building and Construction, General Industrial, Aerospace and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Coating Tape market throughout the predicted period.
3M Company (United States), tesa SE (Germany), Nitto Denko Corporation (Japan), Lintec Corporation (Japan), Intertape Polymer Group (Canada), Avery Dennison Corporation (United States), Lohmann GmbH (Germany), Berry Global Inc. (United States), Scapa Group PLC (Canada) and Rogers Corporation (United States) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global Coating Tape market by Type, Application and Region.
On the basis of geography, the market of Coating 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). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Influencing Market Trend
- The rising middle-class population to be the key consumer group for the increase in demand for coating tapes
- High adoption of Aerospace industries
- The growing use of coating tapes in diverse end-use industries
- Increasing demand from building and construction industries
- Growing packaging industry in emerging economies
- Replacing traditional fastening systems
- Volatility in raw material prices leading to the fluctuation in demand
- Implementation of stringent regulatory policies
Key Target AudienceManufacturers, Traders, distributors, and suppliers, Government and research organization and Others
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