Top Companies in Traffic Control Device Tape Market | Top Key Players Market Analysis, Growth rate, Historical data | Comprehensive Report by Vantage Market Research
Tapes for traffic control devices are frequently used to regulate foot and automobile traffic. When a road is closed or in case of a hazard, these serve as transient traffic signals to reroute traffic.
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Market Overview:
The Global Traffic Control Device Tape Market was valued at USD 3,619.4 Million in 2021 and is projected to reach a value of USD 4,822.6 Million by 2028. The Global Market is forecasted and growing by exhibiting a Compound Annual Growth Rate (CAGR) of 4.9% over the forecast period. Traffic Control Device Tapes are generally made of tear-resistant, tough, and long-lasting plastic materials such as nylon, polypropylene, and polyethylene. The material used for traffic signs should not fade under adverse weather conditions. Rust resistance is common. Typically, a sheet metal coated with a rust-resistant substance is used. Galvanized nuts and bolts are used throughout. Depending on the type of sign, Traffic Control Device Tapes are utilized. There are three types of traffic signs. There are three types of signage: warning, mandatory, and informative. Warning signs draw the driver's attention to an impending hazard. Narrow bridges, sharp curves, bends, and U-turns are examples of Level crossing Road functions. The mandatory signs come next, and this is the most significant sign. Non-observance of these signs is a criminal infraction that is penalized by law. The term "mandatory sign" refers to such a sign. These signs are required by law to be displayed, such as regulatory or prohibitive signs—for instance, a speed limit. There is no parking available. There will be no horns blaring.
Last but not least, there is informative signage, and it is not necessarily signed, and we will not be prosecuted if we disregard them. However, these are employed to provide information to the drivers.
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Some of the key players operating in the Traffic Control Device Tape Market are listed below:
|
Company Name |
Revenue in the US |
|
$35 Billion |
|
<$5 Million |
|
<$5 Million |
|
$6 Billion |
|
<$5 Million |
|
$415 Million |
|
$1 Billion |
|
$26 Million |
The 3M Company (originally Minnesota Mining and Manufacturing Company) is an American multinational conglomerate corporation operating in the industry, worker safety, U.S. health care, and consumer goods. The company produces over 60 thousand products under several brands, including adhesives, abrasives, laminates, passive fire protection, personal protective equipment, window films, paint protection films, dental and orthodontic products, electrical and electronic connecting and insulating materials, medical products, car-care products, electronic circuits, healthcare software, and optical films. It is based in Maplewood, a suburb of Saint Paul, Minnesota, founded in 1902.
Headquarters of Kruse Adhesive are located in Santa Ana, CA, United States, and the company was founded in 1990. Kruse GmbH & Company KG offers chemical mixtures and blends. The company also produces industrial chemicals, building materials such as lime and lime wash, detergents, and cleaning products. Kruse GmbH & Company serves clients in Europe, South America, and the United States.
Tape Inc.'s headquarters is in Virginia Beach, VA, United States, and it was founded in 1988. Tape Inc. provides packaging machinery and materials. In addition, the company also offers carton sealers, parts, industrial, packaging tapes, shrink wrapping, and strapping equipment. The company serves customers in the Central United States.
Nitto Denko Corporation headquarters are located in Toyota, Aichi, Japan. Nitto Denko Corporation manufactures and markets a broad range of chemical products used as materials for industrial and electronic components. In addition, the products involve materials for sealants, semiconductors, and wrappings. The company has a network of sales and manufacturing subsidiaries worldwide.
Surface Shields headquarters are located in Orland Park, IL, United States. Surface Shields was founded in the year 1993. The company's line of business includes manufacturing hard surface floor coverings.
Scapa headquarters is located in Ashton-Under-Lyne, United Kingdom. Scapa was founded in the year 1885. Scapa Group PLC manufactures and supplies technical tapes, adhesive films, and compounds. The Group's products protect, insulate, treat and assist various markets, including the medical, cable, automotive, construction, sports and entertainment, printing, and industrial assembly industries. Scapa operates worldwide.
Vibac was established in 1984. Vibac S.P.A. provides packaging solutions. The company manufactures and distributes packaging films, carton sealants, adhesive tapes, and labeling products. Vibac serves customers globally.
Advance Tapes headquarters is located in Memphis and was founded in 1984. The company manufactures adhesive tapes and provides a wide range of tapes for specialized markets, including filmic, cloth, double-sided, foil, and paper tapes. The Advance Tapes serves clients in the construction, agricultural, entertainment, automotive, and other similar industries worldwide.
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