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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.
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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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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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