The global electrical insulation tape market was valued at USD 15.23 billion in 2024 and is expected to reach USD 20.64 billion by 2030, expanding at a compound annual growth rate (CAGR) of 5.2% from 2025 to 2030. Market growth is primarily driven by the global push for infrastructure development, particularly across emerging economies.
Rising investments in power grid expansion, commercial and residential construction, and transportation infrastructure upgrades are increasing the demand for reliable electrical insulation solutions. Electrical insulation tapes play a critical role in ensuring the safety, durability, and efficiency of electrical installations across these large-scale projects.
Impact of Automotive and EV Growth
The rapid expansion of the automotive sector, especially the growing adoption of electric vehicles (EVs), is a major contributor to market growth. EVs rely on complex electrical architectures that require high-performance insulation materials to ensure operational safety and reliability. Electrical insulation tapes are extensively used in wire harnessing, battery insulation, and vehicle construction applications. As global motor vehicle production—including EVs—continues to rise, demand for electrical insulation tapes is expected to grow steadily.
Key Market Trends & Insights
- Asia Pacific dominated the global market with a revenue share of approximately 42.2% in 2024
- By end use, the electrical & electronics segment led the market, accounting for 52.6% of total revenue in 2024
- By product type, PVC tapes dominated the market with a revenue share of 60.9% in 2024
Download a free sample PDF of the Electrical Insulation Tape Market Intelligence Study by Grand View Research.
Market Size & Forecast
- 2024 Market Size: USD 15.23 billion
- 2030 Projected Market Size: USD 20.64 billion
- CAGR (2025–2030): 5.2%
- Largest Regional Market: Asia Pacific
Competitive Landscape
The global electrical insulation tape market is moderately consolidated, with several major players accounting for a significant share of industry revenue. These companies focus on product innovation, strategic acquisitions, and capacity expansion to strengthen their competitive position and influence market trends.
Leading Electrical Insulation Tape Companies:
- tesa SE
- Saint-Gobain
- Nitto Denko Corporation
- Avery Dennison Corporation
- 3M
- IPG
- HellermannTyton
- TERAOKA SEISAKUSHO CO., LTD.
- Shurtape Technologies, LLC
- Pidilite Industries Ltd.
Recent Developments
- December 2022: Shurtape Technologies, LLC announced the acquisition of Pro Tapes & Specialties, Inc., a manufacturer serving diverse industries including graphic arts, precision die-cutting and fabricating, library and school supplies, retail, general industrial applications, and custom converting services. This strategic move is expected to enhance Shurtape’s product portfolio and service capabilities, enabling the company to better address evolving customer requirements.
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Conclusion
The electrical insulation tape market is poised for sustained growth through 2030, supported by expanding infrastructure projects, rising electrification, and the accelerating adoption of electric vehicles. Asia Pacific is expected to remain the dominant regional market, driven by rapid urbanization and industrial development. Companies emphasizing innovation, product performance, and strategic expansion are likely to gain a competitive advantage in this evolving global market.
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