Industrial tapes are widely used across the world to stick, mask, and seal a product. Various industries across segments require sticky agents such as tapes to seal or hold together various products or materials. Thus, industrial tapes have a specialized demand based on the purpose for which it would be required.
Asia-Pacific is the market leader in the Industrial Tapes Market. It accounted for the largest market share in 2014 due to increased industrialization that led to an increase in the demand for industrial tapes. To take advantage of resources available at low cost and economies of scale, many businesses have established their manufacturing facilities in Asia. China, Japan, and India are the growing economies for industrial tapes in the Asia-Pacific region.
As per product type, the filament tapes market is projected to exhibit a high growth rate in the next five years. They are made of polypropylene or polyester film and fiberglass filaments which give it high tensile strength. It is used for various purposes such as closing corrugated fiberboard boxes, reinforcing packages, bundling items, and pallet unitizing.
The highest demand for the industrial tapes was made by the manufacturing industry. It accounted for the largest market share of the total market in 2014. The manufacturing industry uses industrial tapes for various purposes such as sealing and packaging.
Packaging application is the largest growing market for industrial tapes. There are various types of tapes such as box-sealing tape, parcel tape, and packing tape which are mainly used for sealing corrugated fiberboard boxes. They are usually made of polypropylene or polyester film which is high in strength.
To manufacture industrial tapes, certain materials are required. Out of the various materials that can be used to manufacture industrial tapes, polypropylene is widely used. Polypropylene is a kind of thermoplastic polymer resin. It is useful in both household applications as well as commercial and industrial applications. It has a high resistance towards chemical bases, solvents, and acids which make it a suitable choice. It also has a very high melting point and does not absorb water like other plastics.
Based mode of application, the pressure sensitive market accounted for the highest market share in 2014. Pressure sensitive application as a mode of application in the industrial tapes market is very common. Pressure sensitive application develops a bond when pressure is applied to paste the adhesive with the adherent. It takes place naturally and does not require external factors such as heat to bond it. It is used in labels, note pads, and automobile trims.
Request Sample Pages @ http://www.marketsandmarkets.com/requestsample.asp?id=11202572