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In the filament tapes market, the electrical & electronics and automotive segments are collectively generating revenue of USD 1,499 million in 2022, according to the Annual Market Analysis conducted by Future Market Insights.The global filament tapes market is estimated at USD 4.9 billion in 2022 and is projected to reach USD 6.6 billion by 2026, at a CAGR of 7.8% from 2022 to 2026.
The FMI team also predicts that the Germany filament tapes market would grow by 9.2% year over year during the forecast period, defying initial uncertainty about how the market would perform during a global pandemic. Total filament tapes sales in Western Europe is expected to reach USD 757 million in 2022.
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Amidst the COVID 19 pandemic, the e-Commerce industry is likely to grow at an unprecedented pace, which is expected to augment the growth of the filament tapes market. On the flip side, industries such as automotive and consumer goods have been highly affected by the pandemic. As such, growth of the global filament tape market is expected to be relatively slow in 2020
“Key manufacturers of filament tapes are focusing on product innovation and technological integration that can allow at-scale production, resulting in quality products at a lower cost. This is likely to attract customers, as it balances cost and value. Organizations are also partnering and collaborating with other players in the market to penetrate deeper into untapped regions. This will enhance brand value and increases market competitiveness in the filament tapes market.”
Key Takeaways of Filament Tapes Market Study
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3M, Intertape Polymer Inc., and Saint Gobain Performance Plastics Corporation have been identified as the top players in the global filament tapes market, and account for over 20% of global market value. Tier-2 players such as Tesa Tape Inc., Sekisui Chemical Group, and Shurtape Technologies, along with others players, also have decent sales of filament tapes. Tier-3 players such as Folsen, Guangzhou Weasy Adhesive Products Co., Euro Tapes Pvt. Ltd., and Cosmos Tapes & Labels Private Limited are other noteworthy market players.
Filament Tapes Market by Category
By Filament Type, Filament Tapes Market is Segmented as:
By Backing Adhesive Type, Filament Tapes Market is Segmented as:
By Adhesive Type, Filament Tapes Market is Segmented as:
By Width, Filament Tapes Market is Segmented as:
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Explore FMI’s Extensive ongoing Coverage on Packaging
Paper Tapes Market - The global paper tapes market is expected to touch US$ 7.6 Bn by the year 2030 at a CAGR of 4.3% between 2022 and 2030.
Corrosion Protection Tapes Market - The global corrosion protection tapes market is likely to join the bandwagon of exponential growth between 2022 and 2031 at a CAGR of 4.4%, reaching US$ 1.8 Bn by the year 2031.
Thermoplastic Tape Market - The thermoplastic tapes market is estimated at USD 2.2 Bn in 2022 and is projected to reach USD 3.0 Bn by 2029, at a CAGR of 4.7% from 2022 to 2029.
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Future Market Insights is the premier provider of market intelligence and consulting services
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, UAE, and has its global delivery center in India. In addition to these, FMI also carries out business development and client engagement through its US and UK offices.
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