Barricade tapes are brightly colored tapes that are used to catch the attention of people and warn them about a situation containing a possible hazard. These tapes are also known as construction tape or barrier tape or notice tape, caution tape, warning tape, danger tape etc. Barricade tapes are mostly useful for areas where some kind of hazardous repair work is in progress, and the risk of accidents is pretty high. These tapes are long-lasting and can be installed by wrapping, tying, stapling, hanging or nailing in several ways without fear of tearing them. Demand for barricade tapes is expected to be driven by increasing industrial and infrastructural work across developing geographies of the globe.
Global barricade tape market is segmented by material type, product type, end use and by region. On the basis of material type, the global barricade tape market can be segmented into polyethylene (PE), polypropylene (PP), nylon and others. On the basis of product, the global barricade tape market can be segmented as standard barricade tape, heavy duty barricade tape, woven barricade tape, custom barricade tape, underground warning tape, pennant barricade tape. On the basis of end use barricade tape market can be segmented into, construction, manufacturing, mines, refinery, road safety and others. On the basis of region, we have segmented barricade tape market into, North America, Latin America, Europe, Asia-Pacific and the Middle East & Africa.
Barricade Tape Market – Market Dynamics:
Growth in demand for barricade tape market is expected to grow strongly for several reasons. One of the major reasons which is driving the market of barricade tapes is, cost effective materials used for making barricade tapes. Moreover, reusability of these tapes is another major factor fuelling the growth in the barricade tape market. Further, non-adhesive polyethylene film barricade tapes are strong, durable and long lasting and these factors are also bolstering the demand in the barricade tape market. The growing developments in infrastructure and industrial and manufacturing units is playing an important role for the growth in the barricade tape market.
Barricade Tape Market – Regional Outlook:
Barricade tape market is expected to grow at a high CAGR for the forecast period. On the basis of geographic regions, the global barricade tape market is segmented into North America, Latin America, Europe, Asia-Pacific (APAC) and the Middle East & Africa (MEA). The market penetration opportunities in developing regions of Asia Pacific and Latin America is high in comparison to saturated market for North America and Europe, therefore developing countries like India, China, Brazil etc. are expected to witness a healthy growth in the barricade tape market. Moreover, North America is expected to witness an above average growth in barricade tape market due to rising number industrial and infrastructural projects in the region. Europe is also expected to experience an above average in the barricade tape market due to the higher adoption of new technologies for automotive and industrial use.