# Duct Tapes Market to Grow at 5.2%; Natural Rubber-Based Adhesives to Contribute Over 4/5th of Total Sales: FMI
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-02-17
Category: Research Reports
Category URL: https://financedigest.com/category/research-reports
Meta Title: Global Duct Tapes Market Study: Insights, Opportunities
Meta Description: Discover insights on the growth opportunities, market dynamics, and key segments in the global duct tapes market from the detailed study conducted by Future
URL: https://financedigest.com/duct-tapes-market-to-grow-at-5-2-natural-rubber-based-adhesives-to-contribute-over-4-5th-of-total-sales-fmihtml

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/research-report-1736816216474-compressed.jpg)

_A detailed study on_ _duct tapes_ _market by FMI provides riveting insights into key dynamics, such as drivers and opportunities, facilitating the growth in the market. The report also studies the market across various segments on the basis of product type, adhesive type, backing type, application, thickness, and end use industry for the assessment period._

Future Market Insights (FMI), Dubai:As per a detailed study by FMI, the [global duct tapes market](https://www.futuremarketinsights.com/reports/duct-tape-market) will top **US$ 6.9 Bn by 2031**. [Surging applications of duct tapes across](https://www.financedigest.com/air-pollution-surges-as-heatwave-sweeps-across-europe.html "Air pollution surges as heatwave sweeps across Europe") industries such as construction, electrical & electronics, shipping & logistics, and others are propelling the demand in the market.

Demand for duct tapes is rapidly increasing across the heating, ventilation, and air conditioning (HVAC) industry owing to its extensive used for adhesion at various stages from installation to maintenance and repairs. In response to this, the sales of duct tapes is poised to total 2.4 Mn square meters by 2021.

**Request a report sample to gain comprehensive insights at** [**https://www.futuremarketinsights.com/reports/sample/rep-gb-2641**](https://www.futuremarketinsights.com/reports/sample/rep-gb-2641)

Further, due to their excellent adhesion properties, duct tapes are also increasingly being used for rectifying leakages in ventilation pipes made of plastic, metal, and other combined materials.

Hence, increasing demand for HVAC installation, due to the implementation of stringent government regulations for providing proper [ventilation facilities across various sectors is projected to create lucrative growth opportunities in the market](https://www.financedigest.com/the-non-invasive-ventilation-masks-and-circuits-market-to-show-innovation-based-steadiness.html "The Non-invasive Ventilation Masks and Circuits Market to show innovation-based steadiness").

Increasing use of duct tapes for sealing, repairing, coding, splicing, strapping and other purposes in automotive sector is propelling the demand in the market. Driven by this, the [sale of duct tapes are anticipated to rise](https://www.financedigest.com/uk-new-car-sales-rise-17-in-march-best-ever-month-for-evs.html "UK new car sales rise 17% in March; best ever month for EVs") at **5.2% CAGR between 2021 and 2031**.

On the basis of adhesive type, the natural rubber-based adhesive segment is projected to account for the maximum share in the market, expanding at 5.7% CAGR through 2031. Primary factors favoring the growth in the segment is eco-friendly and cost-effectiveness attributes of natural adhesive duct tapes compared to synthetic one.

_“Leading companies are focusing on offering customized high-performance profession grade duct tapes as per the end use application to [meet the demand for strong sealing & repairing solutions](https://www.financedigest.com/meet-tilak-joshi-the-fintech-ceo-building-modern-solutions-for-the-gig-economy.html "Meet Tilak Joshi: the fintech CEO building modern solutions for the gig economy"). This is expected to bode well for the growth in the market,”_ **says a [FMI](https://www.financedigest.com/adsorbents-market-sales-to-reach-us-8-9-billion-by-2033-get-insights-fmi.html "Adsorbents Market Sales to Reach US$ 8.9 Billion by 2033 | Get Insights FMI") analyst**.

**Key Takeaways from** **Duct Tapes** **Market Study**

- The U.S. is projected to hold the dominant share in the North America market, accounting for around 90% of the [sales over the assessment period](https://www.financedigest.com/uks-wetherspoon-posts-13-1-rise-in-sales-for-25-wk-period.html "UK’s Wetherspoon posts 13.1% rise in sales for 25-wk period").
- Germany is forecast to register swift growth in Europe, accounting for nearly 20% of the total sales through 2031.
- China duct tapes market is expected to account for the largest [share in East Asia](https://www.financedigest.com/asia-shares-slip-dollar-strong-as-yuan-weakens.html "Asia shares slip, dollar strong as yuan weakens"), expanding at 2.1x times between 2021 and 2031.
- India is anticipated to emerge as the most remunerative market in South Asia, contributing nearly 45% of the revenue share by 2031.
- Based on end use industry, the HVAC segment is [estimated to hold](https://www.financedigest.com/ibm-beats-first-quarter-profit-estimates-signals-demand-holding-up.html "IBM beats first-quarter profit estimates, signals demand holding up") a significant share in the market, expanding at **5.8% CAGR** over the forecast period.

**For information on the Research Approach used in the Report, Request Methodology@** [https://www.futuremarketinsights.com/askus/rep-gb-2641](https://www.futuremarketinsights.com/askus/rep-gb-2641)

**Key Drivers**

- Increasing use of professional-grade duct tapes for reinforcing, waterproofing, and color-coding of packaging is propelling the demand across the professional-grade segment.
- [Rising demand for duct tapes for bonding](https://www.financedigest.com/stocks-fall-bond-yields-rise-as-focus-shifts-to-fed-rate-outlook.html "Stocks fall, bond yields rise as focus shifts to Fed, rate outlook") and mounting components on windows and doors, wall coverings, protective bumper rails to furniture, and panels to frames is heightening the sales in the building and construction industry.

**Key Restraints**

- Implementation of strict regulations on the use of plastics across North America, Europe, and Asia Pacific is hampering the growth in the plastic segment.
- Increasing customer inclination towards sustainable products and high cost of synthetic rubber-based adhesives compared to natural ones is hindering the sales across the synthetic rubber segment.

**Competitive Landscape**

As per FMI, the top five players in the global duct tapes market are Tesa SE Group, Scapa Group plc, SICAD S.p.A., PPM Industries S.P.A, and Shree Shubh Industries. These companies are expected to account for nearly **10% to 20% sales in 2021**.

Key manufacturers are [aiming at introducing new product and increasing their production capacity](https://www.financedigest.com/varo-energy-buys-80-of-dutch-biogas-firm-aims-to-double-capacity-by-2026.html "Varo Energy buys 80% of Dutch biogas firm; aims to double capacity by 2026") to meet the surging demand from various end use industries. For instance,

- In March 2019, Tesa SE Group, a leading manufacturer of self-adhesive products, announced expanding its production capacity by opening a new manufacturing plant at Suzhou, China. This new manufacturing facility will assist the company in expanding their customer based across automotive and electronics industries.

In April 2019, 3M Company, an American multinational conglomerate corporation, announced launching a new adhesive especially designed for wearable medical devices. The strategy will assist the company to widen its product portfolio and strengthen its footprint across the adhesive industry.

**View TO** **C and Reports Preview@** [**https://www.futuremarketinsights.com/reports/duct-tape-market**](https://www.futuremarketinsights.com/reports/duct-tape-market)

**Some of the key players operating in the [market profiled by FMI](https://www.financedigest.com/nutraceutical-excipients-market-worth-us-2186-2-mn-by-2031-exclusive-report-by-fmi.html "Nutraceutical Excipients Market Worth US$ 2186.2 Mn by 2031 – Exclusive Report by FMI") are:**

- 3M Company
- Intertape Polymer Group Inc.
- Shurtape Technologies, LLC
- Berry Global Group Inc.
- Pro Tapes & Specialties, Inc.
- Nadco Tapes & Labels, Inc.
- MBK Tape Solutions
- International Plastics Inc.
- CS Hyde Company
- Blue Dolphin Tapes
- PPM Industries S.P.A
- tesa SE Group
- Scapa Group plc
- Advance Tapes International Ltd.
- Vibac Group S.p.A.
- Supertape BV
- SICAD S.p.A.
- Rotogal di Gallio Angelo & C. s.n.c
- Nar SpA
- BO.MA srl
- Globe Industries Corporation
- Bolex (Shenzhen) Adhesive Products Co. Ltd
- Nippon Industries
- Shree Shubh Industries
- Lares International
- Ajit Industries Private Limited (AIPL)
- Tape India (SHA KUNDNMAL MISRIMAL)
- Shanghai Yongguan Adhesive Productions Corp., Ltd
- Ritu Raj Tapes Pvt. Ltd.

**More Valuable Insights on** **Duct Tapes** **Market**

The latest report by FMI provides a detailed analysis of the global duct tapes market, providing credible insights into key factor driving the [market through 2021 & beyond](https://www.financedigest.com/beyond-the-pill-strategy-to-be-the-centerpoint-of-high-content-screening-market.html "“Beyond the Pill” Strategy to be the CenterPoint of High Content Screening Market"). The study also disclosed growth projections on in duct tapes market with detailed segmentation:

**By Product Type:**

- Removable Duct Tapes
- Professional Grade Duct Tapes
- Utility Duct Tapes
- Specialized High Strength Duct Tapes

**By Adhesive Type:**

- Natural Rubber based Adhesives
- Synthetic Rubber based Adhesives

**By Backing Type:**

- Plastic
  - Polyethylene
  - Polyvinyl Chloride
  - Polyester
- Foil
- Cloth

**By Application:**

- Sealing
- Repairing
- Holding
- Waterproofing
- Coding
- Strapping
- Splicing
- Others

**By Thickness:**

- <10 Mil
- 10 to 15 Mil
- >15 Mil

**By End Use Industry:**

- HVAC
- Building & Construction
- Shipping & Logistics
- Automotive
- Electrical & Electronics
- DIY Activities

**By Region:**

- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)

**We Offer tailor-made Solutions to fit Your Requirements, Request Customization@** [https://www.futuremarketinsights.com/customization-available/rep-gb-2641](https://www.futuremarketinsights.com/customization-available/rep-gb-2641)

**Key Questions Covered in the Report**

- The report offers insight into duct tapes market demand outlook for the forecast period 2021-2031
- The market study also [highlights](https://www.financedigest.com/atlantia-exit-highlights-milans-battle-to-retain-market-heavyweights.html "Atlantia exit highlights Milan’s battle to retain market heavyweights") projected sales growth for duct tapes market between 2021 and 2031
- Duct tapes market survey identifies key growth drivers, restraints, and other forces [impacting prevailing trends and evaluation](https://www.financedigest.com/equinor-evaluating-impact-of-british-windfall-tax-on-projects.html "Equinor evaluating impact of British windfall tax on projects") of current market size and forecast and technological advancements within the industry
- Duct tapes market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

### **Explore FMI’s Extensive Trending Coverage on Packaging Domain**

### [**GHS Labels Market**](https://www.futuremarketinsights.com/reports/ghs-labels-market): GHS Label Demand Poised to Surge with Manufacturing Sector Accounting for Over Half of Sales

### [**Packer Bottle Market**](https://www.futuremarketinsights.com/reports/packer-bottles-market): Future Market Insights (FMI), packer bottles market is expected to surpass US$ 5.31 Bn by 2031.

### [**Garbage Bags Market**](https://www.futuremarketinsights.com/reports/global-barite-market): Recovery will be slow and steady as garbage bags market expected to register 0.1% Y-o-Y growth in 2021

### **About Future Market Insights (FMI)**

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. [FMI](https://www.futuremarketinsights.com/) is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest [market research reports](https://www.futuremarketinsights.com/reports) and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

**Contact:**

Future Market Insights,

1602-6 Jumeirah Bay X2 Tower,

Plot No: JLT-PH2-X2A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

**For Sales Enquiries:** [sales@futuremarketinsights.com](http://sales@futuremarketinsights.com)

**For Media Enquiries:** [press@futuremarketinsights.com](http://press@futuremarketinsights.com)

**Website:** [https://www.futuremarketinsights.com/](https://www.futuremarketinsights.com/)

**Report:** [https://www.futuremarketinsights.com/reports/duct-tape-market](https://www.futuremarketinsights.com/reports/duct-tape-market)

**Press Release Source:** [https://www.futuremarketinsights.com/press-release/duct-tape-market](https://www.futuremarketinsights.com/press-release/duct-tape-market)


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---