Gaffers Tape market To Cross $2.6 Billion By 2027 | 3M Company, Avery Dennison, Can-Do National Tape, The Dow Chemical Company, Ashland Inc.,

The Gaffers Tape market is projected to register a CAGR of 6.52% during the forecast period (2021- 2026).

Gaffers tape is meant for temporary use and is designed accordingly so as to leave no residue once removed. Earlier, duct tape was introduced in the packaging industry which created a revolution in the market. Duct tape is least preferred in the construction industry as it does not fare well in conditions wherein it is subjected to cooling and heating of the surface. The temperature variation causes the adhesion to fail over time. Gaffers tape was introduced in the market with improved properties and better performance despite temperature fluctuations.

Coherent Market Insights have included a latest addition of global market research report titled Gaffers Tape Market to its expansive repository. The report studies primary and secondary research in order to analyze the data effectively.

Top Key Players in Gaffers Tape  market: 3M Company, Avery Dennison, Can-Do National Tape, The Dow Chemical Company, Ashland Inc., H.B Fuller, Henkel AG & Co., Le Mark Group, and PROTAPES AND SPECIALTIES, INC.

The scope of the Report:

The report segments the global Gaffers Tape Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Gaffers Tape Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.

Gaffers Tape Market Outlook – Increasing Electrical and Electronics Industry Growth Leading to Augmented Demand for Gaffers Tape

Asia Pacific is one of the largest markets for gaffers tape. This is mainly attributed to the rapidly growing construction industry in this region. According to India Brand Equity Foundation (IBEF)—a trust by the Department of Commerce, Ministry of Commerce and Industry, Government of India—,in FY2020 the Indian construction Industry is estimated to reach a value of US$ 5 billion. This inadvertently would boost growth of gaffers tape market in India. Also, gaffers tape market is expected to receive a boost in APAC region due to wide availability of Polypropylene, PVC, which is used as raw material for production of gaffers tape. Also the growth in automotive industry has further fueled consumption of gaffers tape in Asia Pacific region.

Key Developments

1. Major market players are involved in various growth strategies namely new product launches, in order to expand their product portfolio. For instance, in 3M, a U.S.-based conglomerate, launched 3M Single Coated Medical Extended Wear Adhesive Nonwoven Tape on Liner (3M 4077). It is a pressure sensitive adhesive that offers omnidirectional stretch for superior breathability and conformability.
2. Key players in the market are focused on various growth strategies such as merger and acquisition, in order to gain competitive edge in the market. For instance, in July 2019, Tiarco LLC, a manufacturer of latex and lubricants and a subsidiary of Textile Rubber & Chemical Co., Inc., acquired H.B. Fuller’s surfactants and thickeners business.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com 

The Gaffers Tape market is projected to register a CAGR of 6.52% during the forecast period (2021- 2026).

Gaffers tape is meant for temporary use and is designed accordingly so as to leave no residue once removed. Earlier, duct tape was introduced in the packaging industry which created a revolution in the market. Duct tape is least preferred in the construction industry as it does not fare well in conditions wherein it is subjected to cooling and heating of the surface. The temperature variation causes the adhesion to fail over time. Gaffers tape was introduced in the market with improved properties and better performance despite temperature fluctuations.

Coherent Market Insights have included a latest addition of global market research report titled Gaffers Tape Market to its expansive repository. The report studies primary and secondary research in order to analyze the data effectively.

Top Key Players in Gaffers Tape  market: 3M Company, Avery Dennison, Can-Do National Tape, The Dow Chemical Company, Ashland Inc., H.B Fuller, Henkel AG & Co., Le Mark Group, and PROTAPES AND SPECIALTIES, INC.

The scope of the Report:

The report segments the global Gaffers Tape Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Gaffers Tape Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.

Gaffers Tape Market Outlook – Increasing Electrical and Electronics Industry Growth Leading to Augmented Demand for Gaffers Tape

Asia Pacific is one of the largest markets for gaffers tape. This is mainly attributed to the rapidly growing construction industry in this region. According to India Brand Equity Foundation (IBEF)—a trust by the Department of Commerce, Ministry of Commerce and Industry, Government of India—,in FY2020 the Indian construction Industry is estimated to reach a value of US$ 5 billion. This inadvertently would boost growth of gaffers tape market in India. Also, gaffers tape market is expected to receive a boost in APAC region due to wide availability of Polypropylene, PVC, which is used as raw material for production of gaffers tape. Also the growth in automotive industry has further fueled consumption of gaffers tape in Asia Pacific region.

Key Developments

1. Major market players are involved in various growth strategies namely new product launches, in order to expand their product portfolio. For instance, in 3M, a U.S.-based conglomerate, launched 3M Single Coated Medical Extended Wear Adhesive Nonwoven Tape on Liner (3M 4077). It is a pressure sensitive adhesive that offers omnidirectional stretch for superior breathability and conformability.
2. Key players in the market are focused on various growth strategies such as merger and acquisition, in order to gain competitive edge in the market. For instance, in July 2019, Tiarco LLC, a manufacturer of latex and lubricants and a subsidiary of Textile Rubber & Chemical Co., Inc., acquired H.B. Fuller’s surfactants and thickeners business.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com