Market Overview

Glass cloth tape is a type of adhesive tape that is made from a woven fiberglass cloth backing and coated with an adhesive substance, such as silicone, acrylic or rubber. The fiberglass cloth used in the tape provides high tensile strength and durability to the tape, making it resistant against tearing and damage. Glass cloth tape is widely used in electrical and electronic industries for insulation purposes, as it has excellent high-temperature resistance and performs well in harsh environments. The tape is also used in aerospace, automotive and construction industries where strength, durability and heat resistance are important. It is available in different grades and thicknesses to meet different application requirements.

The glass cloth tape market is anticipated to be driven by the increasing demand from various end-user industries such as electronics, automotive, aerospace, and construction. Global demand was estimated at 12,713 thousand square meters in 2022, which is expected to reach 16,701 thousand square meters by 2028, growing at 4.5% CAGR from 2023 to 2028. The Asia-Pacific region will see the fastest growth, supported by rising manufacturing activity and improved living standards that will boost demand for electronic goods.

Research Coverage

The report provides a detailed analysis of the following segments within the glass cloth tape market:

Application: aerospace and defense, automotive, electrical and electronics, and others

Region: North America, Europe, Asia-Pacific, and RoW

In 2022, the electrical and electronics segment emerged as the dominant player in the glass cloth tape market, accounting for 59.8% of the total value share. This segment is projected to continue its growth trajectory, with a compound annual growth rate (CAGR) of 6.1% from 2023 to 2028. The electrical and electronics industry is expected to play a significant role in driving the demand for glass cloth tapes.

The widespread use of glass cloth tapes in various electronic applications is a key factor contributing to the growth of this segment. Glass cloth tapes are highly versatile and offer excellent electrical insulation properties, making them ideal for applications such as wire harnessing, coil wrapping, insulation, and surface protection in the electrical and electronics industry. These tapes provide reliable protection against heat, moisture, and other environmental factors, ensuring the safety and performance of electronic components.

In the wire harnessing application, glass cloth tapes are used to secure and protect electrical wires and cables, providing insulation and preventing damage from abrasion or external elements. Coil wrapping is another critical application where glass cloth tapes are utilized to insulate and protect coils in various electrical devices, such as transformers and motors. The high dielectric strength and thermal resistance of glass cloth tapes make them suitable for these demanding applications.

Glass cloth tapes also find extensive use in insulation applications, where they are applied to electrical components to prevent electrical leakage and ensure proper insulation. Additionally, these tapes are employed for surface protection purposes, safeguarding electronic devices from scratches, abrasion, and other physical damage.

The continuous advancements in the electrical and electronics industry, driven by technological innovations and the increasing demand for electronic devices, are expected to fuel the growth of the glass cloth tape market. The rising adoption of smart devices, the expansion of the automotive electronics sector, and the growing demand for renewable energy systems are key factors driving the demand for glass cloth tapes in this industry.

The Asia Pacific region in 2021 emerged as the leading consumer of glass cloth tapes, capturing the largest market share in terms of consumption volume. This dominance can be attributed to the high production capacities in the manufacturing sectors of countries such as China, India, and Japan, which drive the demand for glass cloth tapes across various application industries.

China, as a global manufacturing hub, plays a significant role in the demand for glass cloth tapes in the Asia Pacific region. The country's robust manufacturing sector, encompassing industries such as electronics, automotive, aerospace, and construction, generates a substantial need for high-quality tapes for various applications. The rapid industrialization and infrastructure development in China contribute to the increased consumption of glass cloth tapes.

The escalation of individual income is expected to facilitate the consumption of consumer electronics and appliances. During the forecast period, the global principal economies are anticipated to rebound from the COVID-19 pandemic and exhibit a steady increase in consumer expenditure. Additionally, the growth of median household and disposable income is expected to generate a substantial upswing in demand for consumer electronics and appliances in the short, medium, and long term, particularly in developing regions. The proliferation of the middle class in developing regions is projected to contribute significantly to the spike in demand for consumer electronics and appliances. This demographic shift is expected to be particularly pronounced in countries such as China and India, where the middle class is expanding rapidly.

Competitive Landscape

The prominent players operating in the Global glass cloth tape market include 3M Company, Nitto Denko Corporation, tesa SE, Scapa Group plc, Teraoka Seisakusho Co., Ltd., nVent Electric plc, Ducksung Hitech Co., Ltd., PPI Adhesive Products Ltd., Compagnie de Saint-Gobain S.A., Advance Tapes International Ltd., Bondtec Pacific Co., Ltd., Arisawa Mfg. Co., Ltd., Intertape Polymer Group Inc., Berry Global Group, Inc., Rogers Corp., Symbio, Inc., Von Roll Holding AG, American Biltrite Inc., Zhejiang Qinglong Adhesive Tapes Co., Ltd., Shanghai Creative Laminates Co., Ltd., Changshu Fubang Adhesives Tape Co., Ltd., etc.

3M Company operates factories in nearly every region and possesses sales operations in all of them. Companies such as tesa SE and Intertape Polymer Group Inc. (IPG) are expanding into the Asia-Pacific region, where domestic tape sales growth is rapid and there is an established, low-cost, export-focused manufacturing base. U.S.-based Intertape Polymers Group Inc., which manufactured paper and film-based pressure-sensitive tapes for the packaging industry, invested $20 million (approximately Rs. 13.5 billion) to strengthen its operations and increase capacity in India.

Key Questions Answered

What is the projected global market size of glass cloth tape by 2028

Among the various application segments, which segment has taken the leading position

Which region segment exhibits dominant control and influence

Who are the key players with the largest market share in the glass cloth tape market

What is the estimated global market size for the glass cloth tape market in 2023

What are the main factors driving the growth of the glass cloth tape market

What is the expected incremental growth of the glass cloth tape market during the forecast period