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New Insights on Utility Grade Duct Tapes Market by Current Industry Status, Growth Opportunities, Top Key Players, and Forecast till 2022

Utility grade duct tapes account for a variety of roles in a number of sectors due to their diverse applicability for packaging as well as repairing. Growing availability of environmentally viable utility grade duct tapes is also likely to be a major driver for the global utility grade duct tapes market in the coming years. The utility grade duct tapes market is thus likely to exhibit robust growth over the 2017-2022 forecast period, with Transparency Market Research predicting a strong 5.1% CAGR for the utility grade duct tapes market between 2017 and 2022.

Transparency Market Research estimates the global utility grade duct tapes market to reach a valuation of US$395.1 mn by the end of 2017 and further rise to US$505.6 mn by the end of 2022.

The report segments the global utility grade duct tapes market by application into sealing, repairing, holding, waterproofing, strapping, and others. Of these, repairing is likely to remain the leading application of the global utility grade duct tapes market over the 2017-2022 forecast period.

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Geographically, the global utility grade duct tapes market is segmented into North America, Latin America, Europe, the Middle East and Africa, Asia Pacific except Japan, and Japan. Of these, Europe is likely to remain the dominant contributor to the global utility grade duct tapes market over the 2017-2022 forecast period due to the steady rise in demand for DIY applications in Europe. The utility grade duct tapes market in Europe is likely to exhibit a strong 3.7% CAGR over the 2017-2022 forecast period, rising to a valuation of US$152.5 mn by the end of 2022.

Leading drivers affecting the movement of the global utility grade duct tapes market are assessed in the report. The report provides brief elaborations on the quantitative and qualitative effect each major effect has had on the global utility grade duct tapes market and how it is likely to affect the global market over the 2017-2022 forecast period.

Key drivers for the utility grade duct tapes market are profiled in the report in order to provide readers with a clear picture of the factors likely to help market operations in the coming years. Key restraints operating on the global utility grade duct tapes market are also assessed in the report to familiarize readers with the factors likely to hinder their operations in the market over the 2017-2022 forecast period.

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Steady growth of the packaging sector is likely to remain a major driver for the global utility grade duct tapes market over the 2017-2022 forecast period, in addition to the growing adoption of DIY projects, particularly in developed regions such as North America and Europe.

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