The Filament Tapes Market report presents high-quality and wide-ranging research study with key factors that are expected to have a Major impact on the Filament Tapes during the forecast period. The report present Key Market segments valued based on its growth rate and share.This report also provides an analysis of the impact of the COVID-19 pandemic on Industrial Labels Industry.The report explains the historical and current trends that are shaping the growth of the Filament Tapes .
Overview
Filament Tapes are pressure-sensitive tapes that contain embedded fiberglass filaments. These tapes usually have a polyester film backing and a polypropylene film backing. The high tensile strength of these materials makes them ideal for high-tech applications. In addition to their strength, these tapes are easy to install. There are many benefits to using filament tapes, including their ease of use. In addition to their flexibility, filament tapes are extremely versatile. They are easy to apply and remove. For many applications, these tapes are the only option. In addition to being flexible, filament tapes are also durable and can withstand harsh surfaces. This makes them popular in the building and industrial sectors.
Competitive Landscape
Major companies contributing to the global filament tapes market include Saint-Gobain Performance Plastics, Tesa Tape Inc., Sekisui TA Industries, LLC, 3M Company, PPM INDUSTRIES S.P.A., Intertape Polymer Corp, Inc., Pro Tapes & Specialties Inc., Canadian Technical Tape, Ltd., and Krush Adhesive Tape, Inc.
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Drivers
Rapid expansion of the automotive and electrical sectors combined with the wider adoption in the packaging industry is expected to push growth of the filament tapes market throughout the forecast period.
Furthermore, increasing number of mega projects amidst rising investments is expected to aid growth of the filament tapes market over the forecast period.
Summary of the COVID-19 Debacle
The outbreak of the COVID-19 virus was a major setback for the global filament tapes market. The crisis-fueled halt of manufacturing facilities and cancelation of shipments has significantly affected the supply chain of the market. Apart from consumer goods and the automotive sectors, the market is regaining its pre-pandemic momentum.
Key Takeaways
The filament tapes market is anticipated to grow at a CAGR of 7.1% during the forecast period owing to the increasing demand from several end-user industries and rising investments. For instance, in February 2021, the U.S. Department of Energy (DOE) partnered with Oak Ridge National Laboratory (ORNL) for developing solutions to produce carbon fibers from coal and polymers.
By expanding the horizon, the Asia Pacific region is at the vanguard position for the global filament tapes market at the helm of increasing FDIs (Foreign Direct Investments) and high number of small-scale industries.
On a final note, the North American region is also projected to participate heavily in the global filament tapes market on the heels of wider acceptance for pallet and other heavy packaging applications across the shipping industry.
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Important Features that are under Offering and Key Highlights of the Reports:
– Potential and niche segments/regions exhibiting promising growth.
– Detailed overview of Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Market
– Strategies of key players and product offerings
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✤ SWOT Analysis is used to define, assess, and analyse market competition by focusing on the world's major manufacturers. The market is defined, described, and forecasted by type, application, and region.
✤ Examine the potential and advantages of the global and major regional markets, as well as the opportunities and challenges, as well as the constraints and risks.
✤ Determine whether market growth is being driven or hampered by trends and factors.
✤ Stakeholders will be able to assess market potential by identifying high-growth categories.
✤ Conduct a strategic analysis of each submarket's growth trends and contribution to the market.
✤ Competitive developments in the market include expansions, agreements, new product launches, and acquisitions.
✤ To develop a strategic profile of the major players and conduct a thorough analysis of their growth strategies.
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✔ In the next seven years, what innovative technology trends should we expect?
✔ Which sub-segment do you believe will grow the fastest over the next few years?
✔ By 2028, which region is predicted to have the largest market share?
✔ What organic and inorganic strategies are businesses employing to gain market share?
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