Duct Tapes Market to Grow at 5.2%; Natural Rubber-Based Adhesives to Contribute Over 4/5th of Total Sales: FMI

Duct Tapes Market to Grow at 5.2%; Natural Rubber-Based Adhesives to Contribute Over 4/5th of Total Sales: FMI

PR Newswire

DUBAI, UAE, Dec. 15, 2021

A detailed study on duct tapes market by FMI provides riveting insights into key dynamics, such as drivers and opportunities, facilitating the growth in the market. The report also studies the market across various segments on the basis of product type, adhesive type, backing type, application, thickness, and end use industry for the assessment period.

DUBAI, UAE, Dec. 15, 2021 /PRNewswire/ -- Future Market Insights (FMI), Dubai: As per a detailed study by FMI, the global duct tapes market will top US$ 6.9 Bn by 2031. Surging applications of duct tapes across industries such as construction, electrical & electronics, shipping & logistics, and others are propelling the demand in the market.

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Demand for duct tapes is rapidly increasing across the heating, ventilation, and air conditioning (HVAC) industry owing to its extensive used for adhesion at various stages from installation to maintenance and repairs. In response to this, the sales of duct tapes is poised to total 2.4 Mn square meters by 2021.

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Further, due to their excellent adhesion properties, duct tapes are also increasingly being used for rectifying leakages in ventilation pipes made of plastic, metal, and other combined materials.

Hence, increasing demand for HVAC installation, due to the implementation of stringent government regulations for providing proper ventilation facilities across various sectors is projected to create lucrative growth opportunities in the market.

Increasing use of duct tapes for sealing, repairing, coding, splicing, strapping and other purposes in automotive sector is propelling the demand in the market. Driven by this, the sale of duct tapes are anticipated to rise at 5.2% CAGR between 2021 and 2031.

On the basis of adhesive type, the natural rubber-based adhesive segment is projected to account for the maximum share in the market, expanding at 5.7% CAGR through 2031. Primary factors favoring the growth in the segment is eco-friendly and cost-effectiveness attributes of natural adhesive duct tapes compared to synthetic one.

"Leading companies are focusing on offering customized high-performance profession grade duct tapes as per the end use application to meet the demand for strong sealing & repairing solutions. This is expected to bode well for the growth in the market," says a FMI analyst.

Key Takeaways from Duct Tapes Market Study

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Key Drivers

Key Restraints

Competitive Landscape

As per FMI, the top five players in the global duct tapes market are Tesa SE Group, Scapa Group plc, SICAD S.p.A., PPM Industries S.P.A, and Shree Shubh Industries. These companies are expected to account for nearly 10% to 20% sales in 2021.

Key manufacturers are aiming at introducing new product and increasing their production capacity to meet the surging demand from various end use industries. For instance,

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Some of the key players operating in the market profiled by FMI are:

More Valuable Insights on Duct Tapes Market

The latest report by FMI provides a detailed analysis of the global duct tapes market, providing credible insights into key factor driving the market through 2021 & beyond. The study also disclosed growth projections on in duct tapes market with detailed segmentation:

By Product Type:

By Adhesive Type:

By Backing Type:

By Application:

By Thickness:

By End Use Industry:

By Region:

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Key Questions Covered in the Report

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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