In 2022, the market for rubber tapes is anticipated to generate US$ 914.3 Mn. Market valuation is anticipated to reach US$ 1.4 Bn in 2032, with sales increasing at a 4.4% CAGR. The global rubber tapes market is a rapidly growing industry that caters to various sectors such as electrical and electronics, automotive, construction, and healthcare among others. Rubber tapes are used for various applications such as insulation, sealing, and protection of surfaces.
The market is segmented based on the type of rubber, adhesive type, application, and end-use industry. The types of rubber available include silicone rubber, ethylene propylene diene monomer (EPDM), and others. The silicone rubber segment is expected to hold the largest market share owing to its excellent insulation properties and high temperature resistance.
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Based on adhesive type, the market is divided into single-sided and double-sided tapes. The double-sided tapes segment is expected to hold the largest market share owing to their wide application in various industries such as automotive, construction, and electronics among others.
In terms of application, the market is segmented into electrical insulation, sealing, bonding, and others. The electrical insulation segment is expected to hold the largest market share owing to the increasing demand for electrical and electronic products such as smartphones, laptops, and other gadgets.
Based on end-use industry, the market is segmented into electrical and electronics, automotive, construction, healthcare, and others. The electrical and electronics industry is expected to hold the largest market share owing to the increasing demand for electronic gadgets and appliances.
North America and Europe are expected to hold a significant market share owing to the presence of established electrical and electronics and automotive industries in these regions. However, the Asia-Pacific region is expected to grow at the highest CAGR owing to the increasing demand for electrical and electronic products in countries such as China and India.
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Competitive Landscape
Leading players operating in the global rubber tapes market focusing upon increasing their production capacity to keep up with the growing demand from various end-use sectors. In addition to this, they are investing in research and development to improve their product portfolios. For instance:
- In January 2022, tesa SE announced its plan to start a new plant in Haiphong, Vietnam, with a production capacity of 40 million square meters of adhesive tapes per year.
Key Players:
- 3M Company
- HellermannTyton Company
- Scapa Group plc
- tesa SE
- Intertape Polymer Group Inc.
- Berry Global Inc.
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Global Rubber Tapes Market By Category
By Product Type :
- Ethylene Polypropylene Rubber (EPR) Rubber Tapes
- Polyisobutylene (PIB) Rubber Tapes
- Butyl Rubber Tapes
By Thickness :
- Up to 0.3 mm
- 0.4 mm to 0.6 mm
- 0.7 mm to 0.9 mm
By Application :
- Repairing & Protecting
- Insulation & Joining
- Waterproofing
- Sealing
- Others
By End-use Industry :
- Automotive
- Building & Construction
- Electrical & Electronics
- Aerospace & Defence
- General Industries
- Others
By Region :
- North America
- Latin America
- Europe
- South Asia
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