Report Description
A recent market
intelligence report that is published by Data Insights Partner on the Global
Filament Tapes Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international Filament Tapes Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and Global Filament
Tapes Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of Global Filament Tapes Market is offered. In accordance with the report, the Global Filament
Tapes Market is projected to
expand by healthy CAGR over the period
of forecast.
Market Insight, Drivers, Restraints
,Opportunity & Trends of the Market:
Definition
Global filament tapes market is expected to witness
significant growth during the forecast period. This growth is expected to be
primarily driven by growth in automotive and electronic sector & improved
synergy between global and regional player. Moreover, growing preference of
corrugated box packaging is expected to stimulate the sales of filament tapes
in the near future. Furthermore, increasing demand of biodegradable pressure
sensitive adhesive owing to its ecofriendly characteristics, also a reason
which is anticipated to fuel the sales of filament tapes during the forecast
period. In addition, Asia Pacific region is expected to witness fast pace owing
to the growing end use industry along with the infrastructural development.
Market Drivers
Tape
manufacturing companies across the globe strategically focused on localization
of tape products, as decision makers in such companies are aware that a single
global brand can not resonate the customer in high potential regional market.
Following the industry leaders several tier II tape manufacturing companies
also replicated similar strategy to achieve success in local market,
consequently transforming the dynamics of global tape market. Furthermore,
these companies also leveraged the local market benefits, which is largely
characterized by economic production and quick integration with existing supply
chain.
Multinational
tape manufacturing companies outsourced production to local and regional
players ensuring technical know how and industry expertise. Local companies
thus created the demand for tape products such as filament tape. Albeit,
producing for large tape manufacturing companies, regional players are allowed
to procure raw material for tape products locally with prior approval of the
brand owner
Multinational
brands through such synergies aims to widen their presence in local markets,
which in turn is translating into the demand for tape products. Over the past
three years eleven European tape brands entered the high potential Asian
market, largely the countries in South and South East Asia. The trend is likely
to continue as several tier II companies are also planning to foray in these
markets. In addition, local tape brands are challenging the global brands, thus
creating substantial opportunity for tape product supplier
Market Restraints
Due
to the increasing competition among the end use industries for low cost
products is resulting low profit margins for tape manufacturers, ultimately
affecting their overall profitability. Tape manufacturers are focusing on cost
reduction for their products by implementing new methods and through the use of
other low-cost optional materials and technologies. Tape manufacturers are
working hard to maintain their market
position and to retain their customers by implementing low cost strategy for
labels, thus compromising their profitability margins.
Increased
raw material prices have become a serious issue for manufacturers of filament
tapes. Rising prices of film material, printing inks, adhesives resins, and
special paper are hampering the profits of all the concerned businesses in the
filament tape value chain.
Recently
the specialty chemicals manufacturing company named Rohm and Haas has
raised prices for its industrial adhesives and sealants. This price increase
will affect the manufacturing cost for filament tapes.
Additionally,
manufacturing cost is affected by currency fluctuations. Changes in oil prices
also affect this market considerably, as there will be additions to the cost of
transportation. Changes in global supply and demand and fluctuations in market,
exchange rates, government controls and other factors may affect the prices of
raw material and filament tapes. Particularly in European countries the
production cost is high because of the high cost of polymers.
Opportunities
South
East Asia is expected to dominate the market owing to per capita income, which
has increased in the region by 1.6X between 2008 and 2017, which in turn is
expected to create favorable demand for automobile and electronics product
including its packaging, which in turn is expected to creates immense
opportunity for tapes products including filament tapes in the region.
Most
filament tape manufacturers should target their customer base in emerging
economies such as Brazil, Indonesia, Nigeria, and ASEAN countries. South East
Asia, particularly has a lucrative market for automobile and electronics, owing
to its economic stability and increasing per capita income of the people. ASEAN
is expected to have an attractive filament tape market due to infrastructural
advancement and rising retail markets and shopping centers.
Trends
Advanced
acrylic adhesive technology used in filament tapes are becoming the preferred
bonding solution among the tape manufacturers across the globe. These advance
acrylic adhesive technology are replacing the traditional liquid and spray
adhesives, mechanical fasteners, and other bonding and fastening systems
Unlike
conventional adhesives, which tend to bleed at the edges, advanced acrylic
adhesives used in filament tapes maintain their stability and integrity during
processing.
A
primary shift of production of filament tapes from North America and Europe to
Asia Pacific region is taking place, although the market is less homogeneous.
With 35% share of global market, Asia Pacific filament tape market is growing
more dynamically than its economy.
Factors
such as economy of scale, growing industrialization and availability od raw
material at cheap price are pushing the filament tapes manufacturers to enhance
its manufacturing facility in Asia Pacific region especially in China and India
Segment Covered:
This market
intelligence report on the Global Filament Tapes Market encompasses market segments based on filament type,
backing adhesive type , adhesive type , width , end use ,application and country.
By
Filament Type the Global Filament Tapes Market has been divided into:
q Single
Sided Tapes
q Double
Sided Tapes
By Backing Adhesive Type the Global
Filament Tapes Market has been divided into:
q Plastic
Film
§ Polypropylene
§ Polyvinyl Chloride
§ Polythene
§ Polyester
§ Others
q Paper
q Fabric
q Foam
By Adhesive
Type the Global Filament Tapes Market has been divided into:
q Rubber
Based
§ Natural Rubber
§ Synthetic Rubber
q Acrylic
Based
q Hot
Melt Adhesive
By Width
the Global Filament Tapes Market has been divided into:
q 12 mm
q 18 mm
q 24 mm
q 36 mm
q 48 mm
q 72 mm
q 96 mm
By End
Use Global Filament Tapes Market has been divided into:
q Shipping
& Logistics
q Building
& Construction
q Food
& Beverages
q Electricals
& Electronics
q Automotive
q Healthcare
& Hygiene
q Printing
q Metalworking
q Oil
& Gas
q General
Industrial
q Consumer
Goods
By Application Global Filament Tapes Market has been divided into:
q BFSI
q Bundling
q Strapping
q Insulating
q Carton
Sealing
q Sealing
q Others
By country/region,
the Global Filament Tapes Market has been divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q 3M
Company
q Intertape Polymer Corp, Inc.
q Tesa Tape Inc.
q Canadian Technical Tape, Ltd.
q Saint-Gobain Performance Plastics
q Krush Adhesive Tape, Inc.
q Sekisui TA Industries, LLC
q Pro Tapes & Specialties Inc
q PPM INDUSTRIES S.P.A.
q Others
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Filament Tapes Market related investment & spending and
developments by major players of the market are tracked in this APEJ report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the APEJ
players.
Few Recent Developments
Saint Gobain Performance Plastics
In November
2016, it acquired 100% of the share capital of Italy-based h-old from Arcadia
Small Cap. The latter manufactures and distributes specialty adhesive tapes
including filament tapes.
Tesa Tape Inc.
In October 2016,
it introduced new foam tapes for industrial purposes under the brand names tesa
64956 and tesa64962 for climate-controlled bonding and mounting applications
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Filament Tapes Market, size of the market (US$ Mn ), and Compound Annual
Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into
account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Filament Tapes
Market is done by taking into account various parameters
such as company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Filament Tapes caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Filament Tapes Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Filament Tapes
Market
v
Identification
of key factors driving investment opportunities in the Filament Tapes Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants
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