The global Filament Tapes Market research report 2029, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.

This Filament Tapes market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.

Global filament tapes market was valued at USD 3.87 billion in 2021 and is expected to reach USD 7.22 billion by 2029, registering a CAGR of 8.10% during the forecast period of 2022-2029.

Top Companies in the Global Filament Tapes Market:
3M (U.S), Nippon Industries (Japan), Gripking Tapes India Pvt. Ltd., (India), PPM Industries SpA (Italy), PIONEER CORPORATION (Japan), Szxinst (China), Ajit Industries Pvt. Ltd. (India), Nitto Denko Corporation (Japan), Tesa Tapes (Germany), AVERY DENNISON CORPORATION (U.S.), Scapa (U.K.), Lohmann GmbH & Co. Kg (Germany), Mactac, LLC (U.S.), JTAPE LTD. (U.K.), Decofix Papers & Tapes (India), LINTEC Corporation (Japan), Shurtape Technologies, LLC (U.S.), Tape India (India), VITS TECHNOLOGY GMBH (Germany), among others.

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Market Segmentation:

The filament tapes market is segmented on the basis of filament type, backing adhesive type, adhesive type, width, end-use, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Filament Type

• Single Sided Tapes

• Double Sided Tapes

Backing Adhesive Type

• Plastic Film

• Paper

• Fabric

• Foam

 Adhesive Type

• Rubber Based

• Acrylic Based

• Hot Melt Adhesive

 Width

• 12 mm

• 18 mm

• 24 mm

• 36 mm

• 48 mm

• 72 mm

• 96 mm

Application

• Bundling

• Strapping

• Insulation

• Carton Sealing

• Sealing

• Others

End Use

• Shipping and Logistics

• Building and Construction

• Food and Beverages

• Electrical and Electronics

• Automotive

• Healthcare and Hygiene

• Printing

• Metalworking

• Oil and Gas

• General Industrial

• Consumer Goods

• Others

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:

– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)

– North America (United States, Mexico & Canada)

– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)

– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)

– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

North America dominates the filament tapes market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the rising demand for biodegradable pressure sensitive adhesive due to its eco-friendly qualities within the region.

Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the simple accessibility of labor and raw materials at reasonable prices, as well as the rising levels of investment in the form of foreign direct investment by the leading manufacturers across the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

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Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Growth In Usage due to Beneficial Features

The filament tapes are employed for indoor and outdoor applications due to their superior stress strength over glue or twine. The customer base anticipated that the market expansion of filament tapes with multiple uses, easy removal, and convenient application would be supported. Additionally, the filament tapes are used in heavy packaging due to their strength and tear resistance, and are thus appropriate for use in the automobile, FMCG, building, and construction industries. The marine and logistics industries use filaments as a result of the rise of the filament industry because brand owners and service providers opt to bundle and consolidate the filament tape to enable bulk transit.

• Surging Usage across Automotive

The developing automotive industry increases the demand for filament tape. Since manufacturers are paying more attention to brake and engine noise reduction and are using contemporary thermoplastics and vinyl as vibratory damping materials, it is predicted that these factors will cause the growth of the gasoline market. These motors employ this dampening substance and high-power filament tapes. It is anticipated that the use of filament tape will encourage its commercial development.

Furthermore, the rising usages of tapes in heavy packaging and easy availability of raw material will further propel the growth rate of filament tapes market.  The growth of the e-commerce and industrial growth for FMCG will drive market value growth. The rising number of infrastructure development projects and rapid urbanization are other market growth determinants.

Opportunities

• Advancement in Technology and Adoption of Eco-Friendly Process

The increasing adoption of advanced technology such as acrylic adhesive by the market players extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the growing adoption of eco-friendly production processes for developing these tapes will further expand the future growth of the filament tapes market.

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