Press release
Repairing to Remain Dominant Application of Utility Grade Duct Tapes in Global Market
The global utility grade duct tapes market is prognosticated to witness a steady growth in the coming years, according to Transparency Market Research (TMR). According to the report, the vendors in construction and packaging are expected to find diverse applications in utility grade duct tapes, promoting their uptake and production. The leading players in the global utility grade duct tapes market are Pro Tapes and Specialties Inc., Tesa SE Group, Bolex (Shenzhen) Adhesive Products Co. Ltd., Intertape Polymer Group Inc., and 3M Company. Vendors operating in the global utility grade duct tapes market are expected to compete in terms of product differentiation, pricing and their product portfolio. Due to low investment costs, a number of vendors are entering the market easily, and are focusing on inorganic growth strategies.
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Based on application, the segment dedicated to repair is prognosticated to account for nearly 33% of the market revenue over the forecast period. The high adhesive powers, easy applicability and availability of advanced alternatives are the desirable features of the product playing a key role in promoting this application segment to the lead.
Considering geographical segmentation, Europe is expected to emerge as the dominant contributor in the global utility grade duct tapes market, with a 3.7% CAGR. The supremacy of this region may be attributed to the rising demand and popularity of do-it-yourself (DIY) applications in the region over the forecast period.
Emerging Industrial Applications to Boost Product Demand
On account of their high tacking capabilities, utility grade duct tapes are largely utilized for sealing and marking purposes in a number of industries such as automotive, building and construction, electrical & electronics and some other industrial purposes. Utility grade duct tapes, manufacturers are also being used to seal heavy duty boxes, for packaging and wrapping different products.
Obtain Report Details @ https://www.transparencymarketresearch.com/utility-grade-duct-tapes-market.html
Apart from some highly specific and industrial applications, duct tapes are also used in everyday household activities such as repairing the broken parts of furniture or any tool. Some other common uses of the product include padding and protective sheeting, and securing flooring and carpets, etc.
Utility grade tapes prove to be highly efficient in packaging of goods on account of their low tack adhesion on cardboard and difficult contours. The booming building and construction across the globe is expected to heavily impact the growth in use of utility grade duct tapes over the years to come. Duct tapes have become a preferred option for many household and industrial operations instead of mastic fluids due to the ease in application.
About TMR
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Contact TMR
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
Request a PDF Brochure with Future Analysis @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=33323
Based on application, the segment dedicated to repair is prognosticated to account for nearly 33% of the market revenue over the forecast period. The high adhesive powers, easy applicability and availability of advanced alternatives are the desirable features of the product playing a key role in promoting this application segment to the lead.
Considering geographical segmentation, Europe is expected to emerge as the dominant contributor in the global utility grade duct tapes market, with a 3.7% CAGR. The supremacy of this region may be attributed to the rising demand and popularity of do-it-yourself (DIY) applications in the region over the forecast period.
Emerging Industrial Applications to Boost Product Demand
On account of their high tacking capabilities, utility grade duct tapes are largely utilized for sealing and marking purposes in a number of industries such as automotive, building and construction, electrical & electronics and some other industrial purposes. Utility grade duct tapes, manufacturers are also being used to seal heavy duty boxes, for packaging and wrapping different products.
Obtain Report Details @ https://www.transparencymarketresearch.com/utility-grade-duct-tapes-market.html
Apart from some highly specific and industrial applications, duct tapes are also used in everyday household activities such as repairing the broken parts of furniture or any tool. Some other common uses of the product include padding and protective sheeting, and securing flooring and carpets, etc.
Utility grade tapes prove to be highly efficient in packaging of goods on account of their low tack adhesion on cardboard and difficult contours. The booming building and construction across the globe is expected to heavily impact the growth in use of utility grade duct tapes over the years to come. Duct tapes have become a preferred option for many household and industrial operations instead of mastic fluids due to the ease in application.
About TMR
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Contact TMR
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
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