Firefighter Tape Market

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.

Market Dynamic

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.

COVID-19 Impact

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 :

• Polyvinyl
• Polypropylene
• Low-density polyethylene
• Nylon
• Others

By Thickness:

• Below 100 Microns
• 100-150 Microns
• Above 150 Microns

By Roll Length:

• Below 50 m
• 50-100 m
• Above 100 m

By Reflecting Technology:

• Prismatic
• Glass Bead Reflection

By End-Users Industry :

• Firefighting Industry
• Construction Industry
• Others

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

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.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• In 2021, the Europe market held a sizeable revenue share of 27.8%. The market is expected to be driven by the region’s growing commercial building activity and the various smart city initiatives still being developed. Increasing consumer expenditure on construction projects and increasing public awareness of fire safety devices are two more reasons that would spur expansion.
• In the upcoming years, the industrial and commercial building sectors’ strong growth in the U.S. and Canada is projected to boost the market share for firefighter tape in North America. Another important aspect likely to drive the regional market is the implementation of strict fire safety laws.

Competition Analysis

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:

• Lares International
• 3M Company
• Johnson Level & Tool Mfg. Co., Inc.
• ORAFOL Europe GmbH
• Harris Industries, Inc.
• Arlon Graphics, LLC
• Advance Tapes International Ltd.
• Nitto Denko Corporation
• Godson Tapes Pvt. Limited
• Brady Corporation

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.