Global Leak Detection Adhesive Tape Market Size By Product (Hydrogen, Ammonia, CO2, ETO (Ethylene Oxide)), By Application (Industrial, Transportation, Power Plants, Laboratories), By Geographic Scope And Forecast
Global Leak Detection Adhesive Tape Market Size By Product (Hydrogen, Ammonia, CO2, ETO (Ethylene Oxide)), By Application (Industrial, Transportation, Power Plants, Laboratories), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Leak Detection Adhesive Tape Market Size And Forecast
Leak Detection Adhesive Tape Market size was valued at USD 423.12 Million in 2021 and is projected to reach USD 713.33 Million by 2030, growing at a CAGR of 6.55% from 2023 to 2030.
The imposition of recent guidelines by the Pipeline & Hazardous Materials Safety Administration (PHMSA) for the market players and system operators to keep the pipeline structure to lower the risk of leakage is anticipated to fuel the adoption of leak detection and in turn, leak detection adhesive tapes all across the globe. The Global Leak Detection report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Leak Detection Adhesive Tape Market Definition
Imagine having a simple tape that could tell you if there's a dangerous gas leak! These color-changing tapes are made to spot leaks of things like CO2, hydrogen, or ammonia in places like factories, storage facilities, and during transportation – basically anywhere these gases could cause trouble. What's cool is they're super easy to understand and use. If there's a leak, even from a tiny vibration or a broken seal, the tape quickly changes color when it touches the gas. Plus, the special silicone adhesive sticks without leaving a mess, can handle UV rays and most harsh chemicals, and even wraps around weird shapes. Inspection teams can use these tapes to pinpoint exactly where the leaks are, so they can fix them fast, get things back up and running, and make the whole place safer.
Global Leak Detection Adhesive Tape Market Overview
We give you a special tape – think of it as your quick helper for finding gas leaks. Even tiny ones! Just stick it on a pipe, and if gas is leaking, the tape's special layer will change color, showing you exactly where the problem is. Gas detection is super important for safely working with industrial gases – production, handling, the whole shebang. Anyone can use these leak detection tapesmachine operators, inspection crews, even the on-site maintenance team. They're a breeze to put on, no training needed, and they don't use any electricity. Plus, they work great with your existing tools like sniffers and ultrasonic detectors. These tapes are cheap, easy to add to your setup, and give you a clear 'yes' or 'no' answer (for gases like CO2, hydrogen, ammonia, and more) without needing any extra power or changes. They're gas sensitive, tough, and you can see them working with your own eyes!
We expect that tougher rules about keeping an eye on gas and boosting gas safety will really get things moving in the market. For many smaller, newer industrial companies, just seeing the color of the tapes change when there's a gas leak is seen as a cheap way to detect gas, compared to those expensive gas sensors. Plus, the oil and gas industries are booming and need to keep up with what everyone wants worldwide, so they need more of that leak detection adhesive tape. But, using cool new tech like IoT to make these tapes is helping meet the ever-growing need for leak detection tapes, and that opens up some seriously big growth possibilities in the years ahead.
Global Leak Detection Adhesive Tape MarketSegmentation Analysis
The Global Leak Detection Adhesive Tape Market is segmented on the basis of Product, Application, and Geography.
Leak Detection Adhesive Tape Market, By Product
• Hydrogen• Ammonia• CO2• ETO (Ethylene Oxide)• Others
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The global leak detection adhesive tape market is classified into Hydrogen, Ammonia, CO2, ETO (Ethylene Oxide), and Others. The hydrogen segment was the dominating segment in 2021. With the growing use of hydrogen, hydrogen gas detection technologies need to advance at a similar rate. Hydrogen gas is highly flammable, odorless, and colorless. These characteristics make it dangerous and difficult to detect. Early discovery can reduce the possibility of a small leak growing into a significant safety concern.
Leak Detection Adhesive Tape Market, By Application
• Industrial• Transportation• Power Plants• Laboratories• Others
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Based on the application segment, the market is divided into industrial, transportation, power plants, laboratories, and others. The Industrial segment was the dominating segment in 2021. Continual industrial development results in the discharge of hazardous gases. These emissions are frequently under control. All of these factors have encouraged the use of leak detection adhesive tapes for early leak detection since these tapes’ colors change as soon as they react with gas and let users know where leaks are, even when they are insignificant.
Leak Detection Adhesive Tape Market, By Geography
• North America• Europe• Asia Pacific• Rest of the World
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So, when we look at where in the world leak detection adhesive tape is popular, we can break it down into North America, Europe, Asia Pacific, and then everywhere else. Asia Pacific is really leading the charge right now, and a lot of that has to do with how fast industries are growing there and the huge need for industrial gases. That means companies that make and store gas are buying a lot of leak detection tape. Plus, industries like chemical, pharmaceutical, energy, and petrochemical in Asia Pacific are starting to take safety super seriously, with stricter rules and regulations. They're using gas leak detection tech to sniff out those risky and flammable gas leaks coming from their equipment.
Key Players
Want to know who's who in the world of leak detection adhesive tape? Our "Global Leak Detection Adhesive Tape Market" report gives you the inside scoop! We're talking a deep dive into the global market, spotlighting the big names like 3M, Honeywell International Inc., Nitto Denko Corporation, Midsun Specialty Products, Inc., Element One, Inc., Tesa SE, Lintec Corporation, Nichiban Co. Ltd., Dragerwerk AG & Co. KGaA, and others. But that's not all! We've got a whole section dedicated to these major players, where our analysts break down their financial statements, compare their products, and give you a SWOT analysis. Plus, we'll show you the competitive landscape, including key strategies, market share, and global ranking of these top contenders.
Key Developments
• In June 2022, Bend Labs, Inc. has been purchased by Nitto Denko Corporation, which will now operate as Nitto Bend Technologies. In the future, they will combine the strengths of Nitto and Bend to create next-generation technologies and products as well as brand-new businesses that make use of sensor-acquired data.
• In February 2022, Lintec announced the establishment of a new company with a U.S. consolidated subsidiary and the acquisition of a business to boost profitability and its market share in North America.
• In December 2021, US Digital Designs, Inc., a privately held business with offices in Tempe, Arizona, was acquired by Honeywell. The company provides dispatch communications and alerting technologies that improve first responders’ effectiveness and enable quicker emergency response times.
• In October 2021, The Michigan Strategic Fund has assisted Tesa Tape in its USD 36 million investment in Sparta.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2018-2030
BASE YEAR
2021
FORECAST PERIOD
2023-2030
HISTORICAL PERIOD
2018-2020
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
3M, Honeywell International Inc., Nitto Denko Corporation, Midsun Specialty Products, Inc., Element One, Inc., Tesa SE, & Others
SEGMENTS COVERED
Product
Application
Geography
CUSTOMIZATION SCOPE
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Reasons to Purchase this Report
We dive deep into the market using both qualitative (think feelings and opinions) and quantitative (think numbers and data) analysis. We break it all down using segmentation that looks at economic stuff, but also the things that aren't always about money. For each little piece (segment and sub-segment), you'll get the market value in good old USD Billion. We'll point out which region and segment we think will be the rock stars – growing the fastest and leading the pack. We'll also give you a geography-by-geography breakdown, showing where the product or service is really being used, and what's pushing the market around in each place. Think of it as a regional weather report, but for business. Plus, we'll size up the competition, showing who's on top, along with all the exciting stuff like new service/product launches, partnerships, business expansions, and acquisitions from the last five years. We'll give you the lowdown on the big players with detailed company profiles – company overview, the inside scoop, product comparisons, and a SWOT analysis to see their strengths, weaknesses, opportunities, and threats. We’ll paint a picture of where the industry is now and where it’s headed, looking at recent changes – the chances to grow, what’s helping things along, and what’s holding them back, both in new and established areas. We even dig in with Porter's five forces analysis to look at the market from every angle and give you insight through a detailed Value Chain analysis. Finally, we'll cover market dynamics, including growth opportunities on the horizon. Oh, and one more thingyou get 6 months of post-sales analyst support.
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