Industrial Tape Market Anticipated to Hit USD 19.1 Billion by 2033, Growing Steadily at 5.3% CAGR
The global industrial tape market registered an astonishing CAGR of 6.8% in the historical period between 2018 and 2022. The global market is anticipated to reach USD 19.1 billion by 2033. It is estimated to record a steady CAGR of 5.3% in the review period 2023 to 2033. It is likely to attain a valuation of USD 11.4 billion in 2023.
The industrial tape market is a dynamic segment in the tape industry. Industrial tape is a material with a specialized non-adhesive layer used for diverse applications in several industries. They are essential in sealing, bonding, insulating, protecting, and marking materials and surfaces in industrial environments.
Industrial tape has backing materials that can be made from a variety of substrates, including fabric, paper, plastic film, foam, and metal foil. The choice of substrate material depends on the precise application and performance necessities.
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