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Utility Grade Duct Tapes Market Revenue and Market Share by Type 2017-2022
Global Utility Grade Duct Tapes Market is anticipated to grow at a higher CAGR in the forthcoming period. Duct leakage is known for a major cause of energy loss in residential buildings. At every juncture, an approach of fastening the duct system is needed. A typical sealing comprises tapes or mastics put around the intersects in the system. Conventional cloth duct tapes have found to be underperforming as sealants and are also banned for use in some regions.
On a commercial level, every sealant has several advantages and disadvantages but a careful examination over application can result in good results. Utility duct tapes are thus designed to offer a full-fledged and competent solution they enable a high quality sealing for multiple issues.
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Driving factors responsible for the growth of Utility Grade Duct Tapes Market include rising demand for utility duct tapes triggered by significant developments in packaging and construction industry. Significant growth in construction industry is expected to reinforce the market demand for utility industry in the near future. Additional driving factors responsible for the growth of Utility Grade Duct Tapes Market includes prompt rise in shipping and logistics industry coupled with rise in globalization. However, market restraints such as duct tapes being a temporary solution and being inefficient for high temperature applications is likely to hinder the market growth.
End-use segmentation for Utility Grade Duct Tapes Market includes holding, strapping, repairing, sealing and waterproofing. Product segmentation for Utility Grade Duct Tapes Industry includes foil, cloth and plastic. Geographically, Utility Grade Duct Tapes Industry includes North America, South America, Europe, Asia-Pacific, Middle-East and Africa.
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The key players in Utility Grade Duct Tapes Market include 3M Company, Berry Global Inc, Tesa SE Group, Shurtape Technologies LLC, Scapa Group PLC, Vibac Group S.P.A., Bolex Adhesiv Products CO Ltd, Shanghai Yongguan Adhesive Products Co Ltd and Pro tapes & specialties Inc.