Filament Tapes Market

Filament tape is a form of pressurizing adhesives tape. A pressure-sensitive adhesive substance is coated onto a backing material that can be a polypropylene or polyester or fiber glass material and gives excellent strength, resistance to abrasion, dampness proof, and good handling for applications. Filament tapes offer good shears and early adhesion because the existence of filaments and adhesions provides extended package lives and makes it possible to print and illustrate the filament rubber markets more appealing. The need for filament tapes is driven by qualities such as simplicity for usage, a variety of functions, tear strength and simple removing without markings. In addition, filament bands are more robust than glue bonds or twins, which may draw customers to filament bands and further extend the customer base; therefore, stimulating the growth of the filament bands market.                                                          

COVID-19 Impact Analysis

• The advent of the global pandemic, COVID-19, has affected the filament tapes market positively. Rapid development in e-commerce is projected to boost the demand for filament tapes. Carton screening, followed by isolation and bundling, was the main use of filament tapes.
• The supply and distribution chain has interrupted the COVID-19 pandemic, forcing governments to implement lock-down. The shift in business and sales activity influenced output. Hypermarkets and convenience stores have been closed resulting, in a gap in demand and supply.
• As the e-commerce industry and the FMCG sector grows, cartons to be carried needs robust packaging to avoid damage. The emergence of COVID-19 has had substantial effects in other sectors such as the automobile industry and consumables industry, and thus the market CAGR would be comparably low compared to its previous year.

Top Impacting Factors

• The increased need for corrugated box packaging is anticipated to promote the market expansion of filament tapes since it provides lightweight solutions for different end-user sectors such as auto, electronics, and food & beverages. The introduction of new technology in filament tapes is expected to boost the filament tapes market. When conventional adhesive tapes are less strong enough to support sizeable items, a high level of abrasion and extreme shear strength, the new filament bands provide durability. It is suitable for the production and processing of metals.
• The growing demand for automotive filament tapes for interior and exterior applications is projected to further promote the market expansion for filament tapes because of its great feature of retaining adhesives for a prolonged period. Increased demand is predicted to be driving the market expansion of filament tape for high-quality dressing and tensile strength containers for shipping to protect the goods from UV-rays and moisture.

Market Trends

High tensile strength and convenient application are expected to increase the sale of filament tapes.

Filament tapes are used for indoor and outdoor applications and are preferable to glue or twine because of their stress strength. The customer’s base expected to support the market expansion of filament tapes with multifunctional use, simple removal and comfortable application. Filament tapes are utilized in heavy packaging due to their strength and tear proof properties, making them suitable for usage in the automotive, FMCG and building, and construction sectors. The growth in the filament market results in the usage of filaments in the marine and logistics sector, as brand owners and service providers choose to bundle and consolidate the filament tape to allow bulk transit.

Increased use of acrylic tape over liquid adhesive sprays

Advancement in technology in the filament tapes market; such as acrylic adhesive should be more adopted to stimulate the growth of filament tapes during the predicted period. As acrylic adhesives used in tapes keep their integrity and stability, they rapidly replace traditional liquid and spray adhesives and other bonding and fastening solutions. The demand for acrylic tapes will encourage the development of the market for filament tapes.

Automotive sector showing a surge in demand for filament tapes

The expanding automobile industry boosts the demand for filament tape. Therefore, market expansion of petrol is projected to be due to the increased attention of manufacturers to the braking and engine noise reduction and the employment of modern thermoplastics and vinyl as vibratory damping materials. High-power filament tapes are used in motors that use this damping material. The usage of filament tape is expected to promote the development of filament tapes on the market.

Key Benefits of the Report

• This study presents the analytical depiction of the filament tapes industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the filament tapes market share.
• The current market is quantitatively analyzed to highlight the filament tapes market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed filament tapes market analysis on the basis of competitive intensity and how the competition will take shape in coming years

Questions Answered in the Report

• Who are the leading market players active in the filament tapes market?
• What current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What future projections would help in taking further strategic steps?

 Filament Tapes Market Report Highlights