Electrical Tapes Market is poised to achieve continuing growth During Forecast Period 2022-2030
Electrical Tapes Market Highlights Electrical tapes are used to insulate electrical wires and other materials that conduct electricity. Electrical tapes are available in a range of colors from standard black to other colors, which indicate the voltage level and phase of the wire. The physical and chemical properties of electrical tapes such as elasticity, resistance to high temperature, moisture, UV rays, high productivity, durability, and strength, increase their popularity, among consumers, which ultimately drives the demand of Electrical Tape Market . However, fluctuations in raw material prices, may hamper the growth of market. The global Electrical Tapes Market is projected to grow at a CAGR of 5.2% during the forecast period. Europe is a major region for the market. Increasing up gradation, repair and rehabilitation of the existing infrastructure, and power grids and distribution networks, are driving the growth of the market in Europe. Germany and U.K. are the major markets