Global Glass Cloth Tape Market, 2023-2028
Market Overview
Glass cloth tape is a type of adhesive tape that is made from a woven fiberglass cloth backing and coated with an adhesive substance, such as silicone, acrylic or rubber. The fiberglass cloth used in the tape provides high tensile strength and durability to the tape, making it resistant against tearing and damage. Glass cloth tape is widely used in electrical and electronic industries for insulation purposes, as it has excellent high-temperature resistance and performs well in harsh environments. The tape is also used in aerospace, automotive and construction industries where strength, durability and heat resistance are important. It is available in different grades and thicknesses to meet different application requirements.
The glass cloth tape market is anticipated to be driven by the increasing demand from various end-user industries such as electronics, automotive, aerospace, and construction. Global demand was estimated at 12,713 thousand square meters in 2022, which is expected to reach 16,701 thousand square meters by 2028, growing at 4.5% CAGR from 2023 to 2028. The Asia-Pacific region will see the fastest growth, supported by rising manufacturing activity and improved living standards that will boost demand for electronic goods.
Research Coverage
The report provides a detailed analysis of the following segments within the glass cloth tape market:
Application: aerospace and defense, automotive, electrical and electronics, and others
Region: North America, Europe, Asia-Pacific, and RoW
In 2022, the electrical and electronics segment emerged as the dominant player in the glass cloth tape market, accounting for 59.8% of the total value share. This segment is projected to continue its growth trajectory, with a compound annual growth rate (CAGR) of 6.1% from 2023 to 2028. The electrical and electronics industry is expected to play a significant role in driving the demand for glass cloth tapes.
The widespread use of glass cloth tapes in various electronic applications is a key factor contributing to the growth of this segment. Glass cloth tapes are highly versatile and offer excellent electrical insulation properties, making them ideal for applications such as wire harnessing, coil wrapping, insulation, and surface protection in the electrical and electronics industry. These tapes provide reliable protection against heat, moisture, and other environmental factors, ensuring the safety and performance of electronic components.
In the wire harnessing application, glass cloth tapes are used to secure and protect electrical wires and cables, providing insulation and preventing damage from abrasion or external elements. Coil wrapping is another critical application where glass cloth tapes are utilized to insulate and protect coils in various electrical devices, such as transformers and motors. The high dielectric strength and thermal resistance of glass cloth tapes make them suitable for these demanding applications.
Glass cloth tapes also find extensive use in insulation applications, where they are applied to electrical components to prevent electrical leakage and ensure proper insulation. Additionally, these tapes are employed for surface protection purposes, safeguarding electronic devices from scratches, abrasion, and other physical damage.
The continuous advancements in the electrical and electronics industry, driven by technological innovations and the increasing demand for electronic devices, are expected to fuel the growth of the glass cloth tape market. The rising adoption of smart devices, the expansion of the automotive electronics sector, and the growing demand for renewable energy systems are key factors driving the demand for glass cloth tapes in this industry.
The Asia Pacific region in 2021 emerged as the leading consumer of glass cloth tapes, capturing the largest market share in terms of consumption volume. This dominance can be attributed to the high production capacities in the manufacturing sectors of countries such as China, India, and Japan, which drive the demand for glass cloth tapes across various application industries.
China, as a global manufacturing hub, plays a significant role in the demand for glass cloth tapes in the Asia Pacific region. The country's robust manufacturing sector, encompassing industries such as electronics, automotive, aerospace, and construction, generates a substantial need for high-quality tapes for various applications. The rapid industrialization and infrastructure development in China contribute to the increased consumption of glass cloth tapes.
The escalation of individual income is expected to facilitate the consumption of consumer electronics and appliances. During the forecast period, the global principal economies are anticipated to rebound from the COVID-19 pandemic and exhibit a steady increase in consumer expenditure. Additionally, the growth of median household and disposable income is expected to generate a substantial upswing in demand for consumer electronics and appliances in the short, medium, and long term, particularly in developing regions. The proliferation of the middle class in developing regions is projected to contribute significantly to the spike in demand for consumer electronics and appliances. This demographic shift is expected to be particularly pronounced in countries such as China and India, where the middle class is expanding rapidly.
Competitive Landscape
The prominent players operating in the Global glass cloth tape market include 3M Company, Nitto Denko Corporation, tesa SE, Scapa Group plc, Teraoka Seisakusho Co., Ltd., nVent Electric plc, Ducksung Hitech Co., Ltd., PPI Adhesive Products Ltd., Compagnie de Saint-Gobain S.A., Advance Tapes International Ltd., Bondtec Pacific Co., Ltd., Arisawa Mfg. Co., Ltd., Intertape Polymer Group Inc., Berry Global Group, Inc., Rogers Corp., Symbio, Inc., Von Roll Holding AG, American Biltrite Inc., Zhejiang Qinglong Adhesive Tapes Co., Ltd., Shanghai Creative Laminates Co., Ltd., Changshu Fubang Adhesives Tape Co., Ltd., etc.
3M Company operates factories in nearly every region and possesses sales operations in all of them. Companies such as tesa SE and Intertape Polymer Group Inc. (IPG) are expanding into the Asia-Pacific region, where domestic tape sales growth is rapid and there is an established, low-cost, export-focused manufacturing base. U.S.-based Intertape Polymers Group Inc., which manufactured paper and film-based pressure-sensitive tapes for the packaging industry, invested $20 million (approximately Rs. 13.5 billion) to strengthen its operations and increase capacity in India.
Key Questions Answered
What is the projected global market size of glass cloth tape by 2028
Among the various application segments, which segment has taken the leading position
Which region segment exhibits dominant control and influence
Who are the key players with the largest market share in the glass cloth tape market
What is the estimated global market size for the glass cloth tape market in 2023
What are the main factors driving the growth of the glass cloth tape market
What is the expected incremental growth of the glass cloth tape market during the forecast period
TABLE OF CONTENTS
FIGURES AND TABLES
Part 1. Introduction
Definition
Study Goals and Objectives
Reasons for Doing This Study
Scope of This Report
Information Sources
Methodology
Geographic Breakdown
Key Target Audience
Part 2. Executive Summary
Part 3. Market Overview
Introduction
Adhesives
Glass Fiber
Growth Drivers
Rise in Per Capita Income to Drive the Consumer Electronics and Appliances Consumption
Digitization of Daily Activities and Manufacturing Processes
Trends towards Vehicle Electrification Creating New Opportunities
Restraints
Presence of Alternative Products
Inconsistency in Raw Material Prices
Part 4. Glass Cloth Tape Market by Application
Overview
Aerospace and Defense
Automotive
Electrical and Electronics
Others
Part 5. Glass Cloth Tape Production Market by Region
Part 6. Glass Cloth Tape Consumption Market by Region
Overview
North America
Europe
Asia-Pacific
RoW
Part 7. Competitive Landscape
Limited Global Competition Among Tape Suppliers, Regional Focus Prevails for Most Companies
Small Businesses Focus on Niche Markets, While Leading Companies Offer Diverse Product Lines
Part 8. Company Profiles
3M Company
Business Overview
Company Information
Business Performance
SWOT Analysis
Nitto Denko Corporation
Business Overview
Company Information
Business Performance
SWOT Analysis
tesa SE
Business Overview
Company Information
Business Performance
SWOT Analysis
Scapa Group plc
Business Overview
Company Information
Business Performance
SWOT Analysis
Teraoka Seisakusho Co., Ltd.
Business Overview
Company Information
Business Performance
SWOT Analysis
nVent Electric plc
Business Overview
Company Information
Business Performance
SWOT Analysis
Ducksung Hitech Co., Ltd.
Business Overview
Company Information
Business Performance
PPI Adhesive Products Ltd.
Business Overview
Company Information
Business Performance
SWOT Analysis
Compagnie de Saint-Gobain S.A.
Business Overview
Company Information
Business Performance
SWOT Analysis
Advance Tapes International Ltd.
Business Overview
Company Information
Business Performance
Bondtec Pacific Co., Ltd.
Business Overview
Company Information
Business Performance
SWOT Analysis
Arisawa Mfg. Co., Ltd.
Business Overview
Company Information
Business Performance
SWOT Analysis
Intertape Polymer Group Inc.
Business Overview
Company Information
Business Performance
SWOT Analysis
Berry Global Group, Inc.
Business Overview
Company Information
Business Performance
SWOT Analysis
Rogers Corp.
Business Overview
Company Information
Business Performance
SWOT Analysis
Symbio, Inc.
Business Overview
Company Information
Business Performance
Von Roll Holding AG
Business Overview
Company Information
Business Performance
SWOT Analysis
American Biltrite Inc.
Business Overview
Company Information
Business Performance
SWOT Analysis
Zhejiang Qinglong Adhesive Tapes Co., Ltd.
Business Overview
Company Information
Business Performance
SWOT Analysis
Shanghai Creative Laminates Co., Ltd.
Business Overview
Company Information
Business Performance
Changshu Fubang Adhesives Tape Co., Ltd.
Business Overview
Company Information
Business Performance
Part 9. Patent Analysis
Part 10. Industry Activities
DISCLAIMER
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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