The rubber tapes market is estimated to total US$ 914.3 Mn in 2022. With sales growing at a 4.4% CAGR, the market valuation is projected to reach US$ 1.4 Bn in 2032. As per the report, rubber tapes made up of ethylene polypropylene rubber will emerge as the most preferred product types across the global rubber tapes market. Total sales of ethylene polypropylene rubber tapes are expected to grow 1.6 times over the assessment period.
Increasing sales of rubber tapes for repairing and protecting, along with rising expenditure on regular up keeping and maintenance of machines and equipment will continue driving the market. In 2022, more than 39% of rubber tapes will be used are used for repairing and protecting applications.
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