Market Overview:
The global pipe thread tape market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for pipe thread tape in various applications such as water treatment, natural gas, chemical engineering, plastics & elastomers, electronics and others. In terms of type, the standard density segment is expected to hold a major share of the global pipe thread tape market during the forecast period. However, high density and full density segments are also projected to witness significant growth during the forecast period owing to their properties such as superior strength and resistance against corrosion.
Product Definition:
Pipe thread tape is a Teflon-coated cloth tape used to seal pipe threads. It is wound around the threads of the pipe and screwed into place. The tape seals the joint and prevents leakage.
Standard Density:
The standard density of pipe thread tape is based on the cross-section area of a circular arc, which is defined as the distance between two concentric circles with the same radius. The smaller the circle, i.e.,the thinner it is drawn, then higher will be its standard density.
The thickness measurement of pipe thread tape refers to how thick or thin a piece of metal foil you want to use for wrapping around a piping system.
High Density:
High Density Polypropylene (HDPE) pipe thread tape is a kind of synthetic rubber, which has high tensile strength and durability. It can be used in extreme temperature range and has the ability to withstand external forces. HDPE pipe thread tape is mainly applied on the piping system of oil & gas industry for sealing purposes.
Application Insights:
The natural gas application segment led the global pipe thread tape market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing use of natural gas as an energy source owing to its cleaner combustion quality as compared with other fossil fuels such as coal and crude oil. Furthermore, growing demand for LNG from various industries including power generation, steel manufacturing, cement production and petrochemicals is expected to drive the segment further.
In addition, technological advancements in hydraulic fracturing coupled with high-temperature resistance offered by PTT are anticipated to augment product demand over the coming years from this sector.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The growth is attributed to increasing use of the product for water treatment, chemical engineering and other applications. In addition, rising demand for high-performance products from various end-use industries such as aerospace & defense, automotive is expected to propel industry expansion over the forecast period.
The Asia Pacific region accounted for a significant revenue share in 2017 owing to rapid industrialization and growing population coupled with increased spending on infrastructure development across emerging economies including China and India are anticipated to drive product consumption over the next eight years.
Europe was estimated at USD X million in 2017 owing to presence of major automobile manufacturing hubs such as Germany.
Growth Factors:
- Increasing demand from the oil and gas industry for pipe thread tape as a sealing and corrosion prevention measure.
- Growing popularity of pipe thread tape as an alternative to traditional methods of sealing pipes, such as welding and soldering.
- Rising demand for pipe thread tape in developing countries due to the increasing construction and infrastructure activities there.
- Technological advancements that have led to the development of new types of pipe thread tapes, such as PTFE-coated tapes, which are more resistant to corrosion and leakage than traditional tapes.
Scope Of The Report
Report Attributes
Report Details
Report Title
Pipe Thread Tape Market Research Report
By Type
Standard Density, High Density, Full Density, Liquid
By Application
Water Treatment, Natural Gas, Chemical Engineering, Plastics & Elastomers, Electronics, Other
By Companies
3M, Henkel, Oatey, Anti-Seize Technology, Technetics Group, Federal Process Corporation, Electro Tape, 3M
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Pipe Thread Tape Market Report Segments:
The global Pipe Thread Tape market is segmented on the basis of:
Types
Standard Density, High Density, Full Density, Liquid
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Water Treatment, Natural Gas, Chemical Engineering, Plastics & Elastomers, Electronics, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 3M
- Henkel
- Oatey
- Anti-Seize Technology
- Technetics Group
- Federal Process Corporation
- Electro Tape
- 3M
Highlights of The Pipe Thread Tape Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Standard Density
- High Density
- Full Density
- Liquid
- By Application:
- Water Treatment
- Natural Gas
- Chemical Engineering
- Plastics & Elastomers
- Electronics
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Pipe Thread Tape Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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- Consumer Insights
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Pipe thread tape is a type of adhesive tape that is used to join two pieces of pipe. It is made from a strong, flexible material that can be easily applied to the pipes. The tape is then wrapped around the pipes several times, and finally sealed with an adhesive. This makes it possible to connect different types of pipe without having to use any other type of jointing or sealing material.
Some of the major companies in the pipe thread tape market are 3M, Henkel, Oatey, Anti-Seize Technology, Technetics Group, Federal Process Corporation, Electro Tape, 3M.
The pipe thread tape market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pipe Thread Tape Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Pipe Thread Tape Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Pipe Thread Tape Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Pipe Thread Tape Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Pipe Thread Tape Market Size & Forecast, 2020-2028 4.5.1 Pipe Thread Tape Market Size and Y-o-Y Growth 4.5.2 Pipe Thread Tape Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Standard Density
5.2.2 High Density
5.2.3 Full Density
5.2.4 Liquid
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Water Treatment
6.2.2 Natural Gas
6.2.3 Chemical Engineering
6.2.4 Plastics & Elastomers
6.2.5 Electronics
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pipe Thread Tape Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Pipe Thread Tape Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Standard Density
9.6.2 High Density
9.6.3 Full Density
9.6.4 Liquid
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Water Treatment
9.10.2 Natural Gas
9.10.3 Chemical Engineering
9.10.4 Plastics & Elastomers
9.10.5 Electronics
9.10.6 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Standard Density
10.6.2 High Density
10.6.3 Full Density
10.6.4 Liquid
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Water Treatment
10.10.2 Natural Gas
10.10.3 Chemical Engineering
10.10.4 Plastics & Elastomers
10.10.5 Electronics
10.10.6 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Standard Density
11.6.2 High Density
11.6.3 Full Density
11.6.4 Liquid
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Water Treatment
11.10.2 Natural Gas
11.10.3 Chemical Engineering
11.10.4 Plastics & Elastomers
11.10.5 Electronics
11.10.6 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Standard Density
12.6.2 High Density
12.6.3 Full Density
12.6.4 Liquid
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Water Treatment
12.10.2 Natural Gas
12.10.3 Chemical Engineering
12.10.4 Plastics & Elastomers
12.10.5 Electronics
12.10.6 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Standard Density
13.6.2 High Density
13.6.3 Full Density
13.6.4 Liquid
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Water Treatment
13.10.2 Natural Gas
13.10.3 Chemical Engineering
13.10.4 Plastics & Elastomers
13.10.5 Electronics
13.10.6 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Pipe Thread Tape Market: Competitive Dashboard
14.2 Global Pipe Thread Tape Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 3M
14.3.2 Henkel
14.3.3 Oatey
14.3.4 Anti-Seize Technology
14.3.5 Technetics Group
14.3.6 Federal Process Corporation
14.3.7 Electro Tape
14.3.8 3M