New York, Dec. 07, 2023 (GLOBE NEWSWIRE) — The global cable wrapping tapes market size is predicted to expand at ~7% CAGR between 2024 and 2036. The market is projected to garner a revenue of USD 3.5 billion by the end of 2036, up from a revenue of ~USD 1.5 billion in the year 2023.The Pandemic pushed schools & offices to close down, creating a culture of remote work and online studies, creating a new demand for Wi-Fi connection. The rising use of wires for connecting to the internet for business and school has raised the need for cable wrapping tapes to join wires together and keep insulated wires from kinking.
(GlobeNewsWire)