The global cable wrapping market size was USD 18.9 Billion in 2020 and is projected to reach USD 27.4 Billion by 2027, expanding at a CAGR of 4.8 % during the forecast period, 2021 – 2027. The growth of the market is attributed to the increasing use of these tapes in various industries for different applications. Moreover, high demand for these tapes in the Asia Pacific is driving the market growth.

The era of digitalization has increased the consumption of electricity across the world. This, in turn, has led to globalization and grew the demand for secure supply of electricity, high speed Internet and telephone lines. Cable wrapping tapes have helped in fulfilling above-mentioned requirements.
Barriers and limitations remain minimal in developed nations, resulting uninterrupted growth of the market. Conversely, developing nations remain key focus for the industry players. These countries have relatively low penetration of Internet and are on brink of digitalization, resulting in booming of the market during the forecast period.
Market Trends, Drivers, Restraints, and Opportunities:
- Ongoing technological advancements is expected to spur the market growth.
- Increasing adoption of Internet and cable connection in emerging economies is anticipated to fuel the growth of the global cable wrapping tapes market.
- Huge demand for products, such as fiber optics and high voltage cables in developed and emerging economies is speculated to foster the market growth.
- Limited growth of the market owing to its major use in networking applications such as Internet services and telecommunications can restrain the growth of the market.
- The emergence of wireless networking technology can fast-pace development in satellite communication can boost the market growth during the forecast period.
Scope of the Report
The report on the global cable wrapping tapes market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Cable Wrapping Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2027
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Segmentation
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Types (Water-swellable Cable Wrapping Tapes, Fire Retardant Cable Wrapping Tapes, Semi-conductive Cable Wrapping Tapes, Insulative Cable Wrapping Tapes, Bituminized Cable Wrapping Tapes, and Mastic Cable Wrapping Tapes), Material Types (Cloth Tapes, PVC Tapes, PET Tapes, and Others), Applications (Power, Communications, and Industrial), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Scapa Group, 3M, HellermannTyton Corporation, and Jinyang Technology, Denka, Plymouth, and Furukawa Electric
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Global Cable Wrapping Tapes Market Segment Insights
Power segment to expand at a high CAGR
Based on applications, the market is divided into power, industrial, and communication. The power segment to hold a considerable amount of market share during the forecast period, This segment is anticipated to exhibit a CAGR of 5.5% in the projected timeline. Increasing demand for electricity owing to rapid growth in the real estate industry is spurring the segment growth.

Asia Pacific to account for a large market share
On the basis of regions, the market is segregated into North America, Latin America, Asia Pacific, Europe, and Middle & East Africa. Asia Pacific to account for a large market share during the forecast period. Increasing penetration of Internet and rapid growth in the energy sector are expected to propel the regional market growth. Moreover, the presence of robust Internet infrastructure and increasing adoption of wireless technologies are expected to boost the growth of the market in the region.
Cloth tapes to dominate the market
Based on the material types, global cable wrapping tapes market is segregated into cloth tapes, PVC tapes, PET tapes, and others. The cloth tapes segment dominated the market with a market share of 80% in the market. Conversely, the PVC tapes is expected to grow at a steady rate in the coming years.
Water-swellable tapes to account a key market share
Based on the types, the market is divided into water-swellable cable wrapping tapes, fire retardant cable wrapping tapes, semi-conductive cable wrapping tapes, insulative cable wrapping tapes, bituminized cable wrapping tapes, and mastic cable wrapping tapes.
The water-swellable tapes segment is expected to account for significant market share during the forecast period. They are designed to prevent water ingress into fiber optic cables and power cables. Growing digitalization and increasing awareness about its benefits are expected to boost the water swellable tape segment.
Segments
The global cable wrapping tapes market has been segmented into
Types
- Water-swellable Cable Wrapping Tapes
- Fire Retardant Cable Wrapping Tapes
- Semi-Conductive Cable Wrapping tapes
- Insulative Cable Wrapping Tapes
Applications
- Power
- Communication
- Industrial
Material types
- Cloth Tape
- PVC Tape
- PET Tape
- Other
Competitive Landscape
The major players of the market are 3M, HellermannTyton Corporation, Jinyang Technology Co., LTD., Denka, Furukawa Electric, Plymouth, Berry Plastics, Shushi, Scapa, Nitto, and Saint Gobin (CHR).
Companies had to face some challenges due to the COVID-19 pandemic related lockdowns, imposed worldwide. However, the market is anticipated to recover soon.
Companies are focusing on optimizing their supply chain operations, which have been hit hard due to the pandemic.
