According to Fortune Business Insights, The global electrical insulation tape market size valued at USD 13.65 billion in 2022 and is projected to grow from USD 14.27 billion in 2023 to USD 20.11 billion by 2030, exhibiting a CAGR of 5.0% during the forecast period. Asia Pacific dominated the electrical insulation tape market with a market share of 56.85% in 2022.
Electrical insulation tapes are specialized adhesive tapes designed specifically for electrical applications. The market anticipates growth due to increased demand for higher-efficiency electric motors and the rise in electric charging stations. Electrical insulation tapes serve as specialized adhesive tapes intended for electrical applications. Typically, these tapes consist of a flexible backing material, often Polyvinyl Chloride (PVC) or Polyethylene Terephthalate (PET), coated with a rubber-based adhesive.
Fortune Business Insights™ mentioned this in a report titled, “Electrical Insulation Tape Market, 2023-2030.”