Electrical Insulation Tape Market
Growth Factors of Electrical Insulation Tape Market
The electrical insulation tape market size was valued at USD 13.65 billion in 2022, and the market is now projected to grow from USD 14.27 billion in 2023 to USD 20.11 billion by 2030, exhibiting a CAGR of 5.0% during the forecast period of 2023-2030.
The imposed restrictions on material distribution and transportation have affected the chain of manufacturers. These producers faced a supply shortage caused by trade constraints. The lockdown measure and logistic limitation hampered the demand for the product. As a result, manufacturing operations were halted due to lack of workers and staff and order for products decreased. Hence, the COVID-19 pandemic has obstructed the electrical insulation tape market growth.
The electrical insulation tape market share globally has enlarged because of the growing convenience of electronic devices for consumers. This kind of product is usually used for making safe and guarding wires from wear and tear. These tapes are formed to prevent electric fires and short circuits. It can also cover exposed cable connections to avert inadvertent shocks. Therefore, these aspects are impelling the market growth.
The rising embracing of electric vehicles (EV) is boosting demand for the product. The insulating tape makers are trying to pay on innovation for EV solutions due to the rising popularity of EVs. These tapes are ensuring safety and consistency of the electrical components in these automobiles. They can shield cables from damage from moisture and heat. It can also put off electrical shorts and shocks which make them an essential product for EV owners and technicians.
Comprehensive Analysis of Electrical Insulation Tape Market
The electrical insulation tape market and chemicals & advanced materials industry is growing at an exponential rate due to its market segmentation. This market expansion effectively provides a thorough regional assessment considering the dominant supply and demand forces that impact the chemicals & advanced materials industry. These segmentations are methodically segregated by types of material, application. The material is PVC Glass cloth, PET, and others. The application is electrical and electronics, aerospace, industrial, and others.
The Asia Pacific region is conducive to the global electrical insulation tape market, leading to a recall of USD 7.76 billion owing to rapid expansion of the electronic industry fueling the demand for products and the escalating urbanization has increased demand for electrical services in residential and commercial buildings.
The top players in the market play a vital role in the chemicals & advanced materials industry assuring industrial prospectus growth and setting market standards. These players include teas SE (Germany), Saint-Gobain (France), Nitto Denko Corporation (Japan), Avery Dennison Corporation (U.S.), 3M (U.S.), IPG (U.S.), HellermannTyton (U.K.), TERAOKA SEISAKUSHO CO., LTD. (Japan), Shurtape Technologies, LLC (U.S.), and Pidilite Industries Ltd. (India), these market players provide a level-playing competitive landscape.
In December 2022, Shurtape Technologies, LLC announced the acquisition Pro Tapes & Specialties, Inc. The aim of this acquisition is that the company is offering its clients a broad range of product options and to enlarge service potential to fulfill requirements of customers.
Segmentation Table
Global Electrical Insulation Tape Market Scope
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 5.0% from 2023-2030
Unit Volume (Million Square Meters) and Value (USD Billion)
Segmentation By Material
PVC
Glass Cloth
PET
Others
By Application
Electrical & Electronics
Aerospace
Industrial
Others
By Geography
North America (By Material, Application and Country)
U.S. (By Application)
Canada (By Application)
Europe (By Material, Application and Country)
Germany (By Application)
France (By Application)
U.K. (By Application)
Italy (By Application)
Spain (By Application)
Russia (By Application)
Rest of Europe (By Application)
Asia Pacific (By Material, Application and Country)
China (By Application)
Japan (By Application)
India (By Application)
South Korea (By Application)
Indonesia (By Application)
Rest of Asia Pacific (By Application)
Latin America (By Material, Application and Country)
Brazil (By Application)
Mexico (By Application)
Rest of Latin America (By Application)
Middle East & Africa (By Material, Application and Country)
GCC (By Application)
South Africa (By Application)
Rest of the Middle East & Africa (By Application)
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Market Trends
- 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
- 4.3. Insights on Regulatory Scenario
- 4.4. Latest Technological Advancement
- 4.5. Porter’s Five Forces Analysis
- 5. Qualitative Insights on Impact of Covid-19 on the Market
- 5.1. Supply Chain Challenges
- 5.2. Steps taken by Companies to Overcome the Impact
- 5.3. Potential Challenges and Opportunities due to COVID-19 Outbreak
- 6. Global Electrical Insulation Tapes Market Analysis, Insights and Forecast, 2019-2030
- 6.1. Key Findings
- 6.2. By Material
- 6.2.1. PVC
- 6.2.2. Glass cloth
- 6.2.3. PET
- 6.2.4. Others
- 6.3. By Application
- 6.3.1. Electrical & Electronics
- 6.3.2. Aerospace
- 6.3.3. Industrial
- 6.3.4. Others
- 6.4. By Region
- 6.4.1. North America
- 6.4.2. Europe
- 6.4.3. Asia Pacific
- 6.4.4. Latin America
- 6.4.5. Middle East & Africa
- 7. North America Electrical Insulation Tapes Market Analysis, Insights and Forecast, 2019-2030
- 7.1. Key Findings
- 7.2. By Application
- 7.2.1. Electrical & Electronics
- 7.2.2. Aerospace
- 7.2.3. Industrial
- 7.2.4. Others
- 7.3. By Country
- 7.3.1. U.S.
- 7.3.1.1. By Application
- 7.3.1.1.1. Electrical & Electronics
- 7.3.1.1.2. Aerospace
- 7.3.1.1.3. Industrial
- 7.3.1.1.4. Others
- 7.3.2. Canada
- 7.3.2.1. By Application
- 7.3.2.1.1. Electrical & Electronics
- 7.3.2.1.2. Aerospace
- 7.3.2.1.3. Industrial
- 7.3.2.1.4. Others
- 8. Europe Electrical Insulation Tapes Market Analysis, Insights and Forecast, 2019-2030
- 8.1. Key Findings
- 8.2. By Application
- 8.2.1. Electrical & Electronics
- 8.2.2. Aerospace
- 8.2.3. Industrial
- 8.2.4. Others
- 8.3. By Country
- 8.3.1. Germany
- 8.3.1.1. By Application
- 8.3.1.1.1. Electrical & Electronics
- 8.3.1.1.2. Aerospace
- 8.3.1.1.3. Industrial
- 8.3.1.1.4. Others
- 8.3.2. France
- 8.3.2.1. By Application
- 8.3.2.1.1. Electrical & Electronics
- 8.3.2.1.2. Aerospace
- 8.3.2.1.3. Industrial
- 8.3.2.1.4. Others
- 8.3.3. U.K.
- 8.3.3.1. By Application
- 8.3.3.1.1. Electrical & Electronics
- 8.3.3.1.2. Aerospace
- 8.3.3.1.3. Industrial
- 8.3.3.1.4. Others
- 8.3.4. Italy
- 8.3.4.1. By Application
- 8.3.4.1.1. Electrical & Electronics
- 8.3.4.1.2. Aerospace
- 8.3.4.1.3. Industrial
- 8.3.4.1.4. Others
- 8.3.5. Rest of Europe
- 8.3.5.1. By Application
- 8.3.5.1.1. Electrical & Electronics
- 8.3.5.1.2. Aerospace
- 8.3.5.1.3. Industrial
- 8.3.5.1.4. Others
- 9. Asia Pacific ELECTRICAL INSULATION TAPES Market Analysis, Insights and Forecast, 2019-2030
- 9.1. Key Findings
- 9.2. By Application
- 9.2.1. Electrical & Electronics
- 9.2.2. Aerospace
- 9.2.3. Industrial
- 9.2.4. Others
- 9.3. By Country
- 9.3.1. China
- 9.3.1.1. By Application
- 9.3.1.1.1. Electrical & Electronics
- 9.3.1.1.2. Aerospace
- 9.3.1.1.3. Industrial
- 9.3.1.1.4. Others
- 9.3.2. Japan
- 9.3.2.1. By Application
- 9.3.2.1.1. Electrical & Electronics
- 9.3.2.1.2. Aerospace
- 9.3.2.1.3. Industrial
- 9.3.2.1.4. Others
- 9.3.3. India
- 9.3.3.1. By Application
- 9.3.3.1.1. Electrical & Electronics
- 9.3.3.1.2. Aerospace
- 9.3.3.1.3. Industrial
- 9.3.3.1.4. Others
- 9.3.4. South Korea
- 9.3.4.1. By Application
- 9.3.4.1.1. Electrical & Electronics
- 9.3.4.1.2. Aerospace
- 9.3.4.1.3. Industrial
- 9.3.4.1.4. Others
- 9.3.5. Indonesia
- 9.3.5.1. By Application
- 9.3.5.1.1. Electrical & Electronics
- 9.3.5.1.2. Aerospace
- 9.3.5.1.3. Industrial
- 9.3.5.1.4. Others
- 9.3.6. Rest of Asia Pacific
- 9.3.6.1. By Application
- 9.3.6.1.1. Electrical & Electronics
- 9.3.6.1.2. Aerospace
- 9.3.6.1.3. Industrial
- 9.3.6.1.4. Others
- 10. Latin America ELECTRICAL INSULATION TAPES Market Analysis, Insights and Forecast, 2019-2030
- 10.1. Key Findings
- 10.2. By Application
- 10.2.1. Electrical & Electronics
- 10.2.2. Aerospace
- 10.2.3. Industrial
- 10.2.4. Others
- 10.3. By Country
- 10.3.1. Brazil
- 10.3.1.1. By Application
- 10.3.1.1.1. Electrical & Electronics
- 10.3.1.1.2. Aerospace
- 10.3.1.1.3. Industrial
- 10.3.1.1.4. Others
- 10.3.2. Mexico
- 10.3.2.1. By Application
- 10.3.2.1.1. Electrical & Electronics
- 10.3.2.1.2. Aerospace
- 10.3.2.1.3. Industrial
- 10.3.2.1.4. Others
- 10.3.3. Rest of Latin America
- 10.3.3.1. By Application
- 10.3.3.1.1. Electrical & Electronics
- 10.3.3.1.2. Aerospace
- 10.3.3.1.3. Industrial
- 10.3.3.1.4. Others
- 11. Middle East & Africa ELECTRICAL INSULATION TAPES Market Analysis, Insights and Forecast, 2019-2030
- 11.1. Key Findings
- 11.2. By Application
- 11.2.1. Electrical & Electronics
- 11.2.2. Aerospace
- 11.2.3. Industrial
- 11.2.4. Others
- 11.3. By Country
- 11.3.1. GCC
- 11.3.1.1. By Application
- 11.3.1.1.1. Electrical & Electronics
- 11.3.1.1.2. Aerospace
- 11.3.1.1.3. Industrial
- 11.3.1.1.4. Others
- 11.3.2. South Africa
- 11.3.2.1. By Application
- 11.3.2.1.1. Electrical & Electronics
- 11.3.2.1.2. Aerospace
- 11.3.2.1.3. Industrial
- 11.3.2.1.4. Others
- 11.3.3. Rest of Middle East & Africa
- 11.3.3.1. By Application
- 11.3.3.1.1. Electrical & Electronics
- 11.3.3.1.2. Aerospace
- 11.3.3.1.3. Industrial
- 11.3.3.1.4. Others
- 12. Competitive Analysis
- 12.1. Company Market Share/Market Ranking Analysis, By Key Players
- 12.2. Company Profiles
- 12.2.1. tesa SE
- 12.2.1.1. Overview
- 12.2.1.2. Product Portfolio
- 12.2.1.3. Recent Developments
- 12.2.1.4. Strategies
- 12.2.1.5. Financials (Based on Data Availability)
- 12.2.2. Saint-Gobain
- 12.2.2.1. Overview
- 12.2.2.2. Product Portfolio
- 12.2.2.3. Recent Developments
- 12.2.2.4. Strategies
- 12.2.2.5. Financials (Based on Data Availability)
- 12.2.3. Nitto Denko Corporation
- 12.2.3.1. Overview
- 12.2.3.2. Product Portfolio
- 12.2.3.3. Recent Developments
- 12.2.3.4. Strategies
- 12.2.3.5. Financials (Based on Data Availability)
- 12.2.4. Avery Dennison Corporation
- 12.2.4.1. Overview
- 12.2.4.2. Product Portfolio
- 12.2.4.3. Recent Developments
- 12.2.4.4. Strategies
- 12.2.4.5. Financials (Based on Data Availability)
- 12.2.5. IPG
- 12.2.5.1. Overview
- 12.2.5.2. Product Portfolio
- 12.2.5.3. Recent Developments
- 12.2.5.4. Strategies
- 12.2.5.5. Financials (Based on Data Availability)
- 12.2.6. 3M
- 12.2.6.1. Overview
- 12.2.6.2. Product Portfolio
- 12.2.6.3. Recent Developments
- 12.2.6.4. Strategies
- 12.2.6.5. Financials (Based on Data Availability)
- 12.2.7. HellermannTyton
- 12.2.7.1. Overview
- 12.2.7.2. Product Portfolio
- 12.2.7.3. Recent Developments
- 12.2.7.4. Strategies
- 12.2.7.5. Financials (Based on Data Availability)
- 12.2.8. TERAOKA SEISAKUSHO CO., LTD.
- 12.2.8.1. Overview
- 12.2.8.2. Product Portfolio
- 12.2.8.3. Recent Developments
- 12.2.8.4. Strategies
- 12.2.8.5. Financials (Based on Data Availability)
- 12.2.9. Shurtape Technologies, LLC
- 12.2.9.1. Overview
- 12.2.9.2. Product Portfolio
- 12.2.9.3. Recent Developments
- 12.2.9.4. Strategies
- 12.2.9.5. Financials (Based on Data Availability)
- 12.2.10. Pidilite Industries Ltd.
- 12.2.10.1. Overview
- 12.2.10.2. Product Portfolio
- 12.2.10.3. Recent Developments
- 12.2.10.4. Strategies
- 12.2.10.5. Financials (Based on Data Availability)
- 13. Strategic Recommendations
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