Firefighter Tape Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Firefighter Tape Market grew at a CAGR of 3.5% between 2017-2021 and is estimated to be US$ 2,472.3 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.1 % and is expected to reach a valuation of US$ 3,694.9 Mn by 2032 end.
Throughout the projected period, the market is anticipated to grow in response to significant demand for them shortly. These have bold warning wording and a bright background pre-printed on them.
THE GROWING CONSTRUCTION INDUSTRY DRIVES THE MARKET FOR FIREFIGHTER TAP
The expanding global construction industry is projected to drive the growth of the firefighter tape market over the next few years. It is also anticipated that the resulting change will be driven by increased demand for safety equipment in various industries, including oil & gas exploration, utilities, mining, and petrochemical. This is indicated by safety codes implemented worldwide to protect against fire and construction activities.
STRINGENT GOVERNMENT RULES WILL CREATE MORE OPPORTUNITIES FOR THE MARKET
The growth of the firefighter tapes market is attributed to the rising usage of this product in crime scenes and construction sites. Fire safety groups such as ANSI and OSHA are implementing strict norms to mandate the use of particular colors and materials on firefighter tapes, thereby allowing a higher level of safety. In addition, the availability of various types of available firewalls per waste management companies’ requirements helps drive the market toward profitability for certain segments.
The global market for firefighter tapes is expected to witness modest growth by 2021. The sudden outbreak of the COVID-19 pandemic back in December 2019 has declined sales of firefighter tapes in both developed and emerging economies till 2020. However, with the resumption of new construction activities worldwide, the global market is steadily set to get back to normalcy with an increase in demand for these tapes. The market value might not catch up to the pre-COVID-19 value until 2027.
Market Segments Covered in Report
By Material Type :
By Roll Length:
By Reflecting Technology:
By End-Users Industry :
By Region and Country:
Why are Polyvinyl tapes projected to ensure the most revenue during the forecast period?
At 40.0% of the market, Polyvinyl tapes had the greatest revenue share. Polyvinyl tapes are likely to dominate the worldwide firefighting tape market during the forecast period due to their excellent durability and low cost compared to other types of videos, such as polypropylene or nylon tapes. Polyvinyl tapes are also simple to use and have high adhesive capabilities, making them suitable for various applications such as sealing joints on pipes or cables, preventing water damage in windows or doors, and so on.
Why is the Construction Industry expected to expand the fastest during the forecast period?
In 2021, Increasing industrialization and the booming construction industry were expected to drive the demand for the market in upcoming years. The increasing population and economic conditions in the economies have led to greater housing transactions and more disposable income, directly affecting the market. The growing building and construction industry is escalating the firefighter tape growth.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
Businesses are using marketing and growth tactics to attract customers. Top companies will use these tactics as a means to strengthen their position in the market by making sure that they can provide a variety of products for different demographics and as a way of attracting them.
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Material Type, Thickness, Roll Length, Reflecting Technology, End-Users Industry, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Market Size Data
Value Chain Analysis
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific
Why Choose CVC Market Research?;
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 4.1%.
Another factor anticipated to boost the market is the expanding use of firefighter tapes at crime scenes and building sites.
Major global Firefighter Tape Market players are Lares International, 3M Company, Johnson Level & Tool Mfg. Co., Inc., ORAFOL Europe GmbH, and Harris Industries, Inc. are renowned companies in the firefighter tape market.
Market growth is constrained by the high capital investment needed to deploy Firefighter Tape systems.
The Europe region is expected to account for the largest market revenue share in the Global Firefighter Tape market.
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