Introduction
Invisible yet omnipresent, filament tapes are the unsung heroes of the packaging and construction industries. These adhesive-backed tapes, reinforced with fiberglass or other high-strength materials, have earned their place in a multitude of applications. This article explores the filament tapes market share, its burgeoning trends, and the wide-ranging uses of this unassuming yet incredibly versatile product.
Understanding Filament Tapes
Filament tapes, also known as strapping tapes or fiberglass tapes, are a type of adhesive tape reinforced with longitudinal filaments to enhance their tensile strength. This reinforcement provides these tapes with exceptional resistance to stretching, making them ideal for bundling, securing, and reinforcing.
Market Overview
The global filament tapes market has experienced consistent growth over the years, owing to their indispensable role in packaging, construction, and various industrial applications. The market comprises an array of manufacturers and suppliers, catering to diverse industries.
Key Applications
- Packaging: Filament tapes are a popular choice for packaging, especially when securing heavy or irregularly shaped items. Their high tensile strength ensures that packages remain secure during transit, making them a favorite among logistics and e-commerce companies.
- Construction: In the construction industry, filament tapes are used for various purposes. They provide reinforcement and structural stability in drywall, and are invaluable for holding together and securing building materials.
- Automotive: Filament tapes are used in the automotive industry for various applications, including securing car parts during transit and reinforcing various components.
- Manufacturing: The manufacturing sector employs filament tapes for bundling and securing products, as well as for temporary repairs on the factory floor.
Market Trends
- Growing E-commerce: The rise of e-commerce has significantly boosted the demand for filament tapes in the packaging industry. With an increasing number of goods being shipped worldwide, these tapes are indispensable for securing packages.
- Sustainability: There is a growing emphasis on eco-friendly materials in the packaging industry. Manufacturers are exploring biodegradable options for filament tapes to align with the sustainability trend.
- Innovation in Adhesives: The industry is witnessing ongoing research and development in adhesive technology to improve bonding strength and ensure residue-free removal.
- Customization: Many manufacturers are offering customized filament tapes to meet specific industry needs, incorporating features like UV resistance, different colors, or branding.
Challenges
Despite their versatile nature and broad applications, the filament tapes market faces several challenges:
- Competition: The market is highly competitive, with numerous players vying for market share. This can lead to pricing pressures and the need for constant innovation.
- Environmental Concerns: As sustainability becomes a significant concern, manufacturers must adapt to eco-friendly practices and materials.
- Regulatory Compliance: The filament tape industry is subject to various regulations related to adhesive compositions, which require ongoing compliance.
Conclusion
Filament tapes market may not steal the limelight, but they are essential components of modern industries, ensuring the secure transport of goods and supporting the construction and manufacturing sectors. As e-commerce continues to flourish and sustainability takes center stage, the filament tapes market is likely to adapt and grow. With innovation and an eye on environmental concerns, this unassuming tape has a bright future as it continues to secure the world's goods and materials.
The market for the Global Industrial Tapes Market has increased since the last decade because of the innovations in the industry.
The global industrial tapes market is projected to reach USD 58,487.11 Million by 2020, at a CAGR of 6% from 2015 to 2020.Browse 260 tables and 46 figures spread through 234 Pages and in-depth TOC on "Industrial Tapes Market”Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=11202572In the adhesives market industrial tapes have a considerable market size.
Industrial tapes are extensively used to permanently bond and seal many substrates such as elastomers, foams, glass, and metals among others in a manner that enhances its strength, productivity, durability, and also improvises the product appearance.
Industrial tapes can withstand harsh environment conditions such as high temperature, cold, temperature cycling, ultraviolet light, moisture and solvents.Several innovations in designs and technological advancements have been witnessed by the industry in the last decade, which has helped industrial tapes to serve various end users such as manufacturing, automotive, electrical, construction, logistics, and aerospace.Filament tapes are projected to grow the fastest in the industrial tapes market, because they can be used for various purposes such as closing corrugated fiberboard boxes, reinforcing packages, bundling items, and pallet unitizing.
It is made of polypropylene or polyester film and fiberglass filaments which give it high tensile strength.
Thus, they are widely used across businesses.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=11202572The Industrial Tapes market is dominated by several large players such as The Dow Chemical Company (U.S.), Saint Gobain SA (France), 3M (U.S.), Henkel AG & Company, KGaA (Germany), Eastman Chemical Company (U.S.), Avery Dennison Corporation (U.S.), Ashland Inc. (U.S.), Sika AG (Switzerland), H.B Fuller (U.S.), and Von Roll Holding AG (Switzerland).
