Global Magnetic Tape Market 2022
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Summary
Magnetic tape is a material that is mainly used for storing of data. This technology created a revolution in data storage, broadcasting, and recording markets.
Magnetic tape is a medium for magnetic recording, which is made of a thin, magnetizable coating on a long, narrow strip of plastic film, developed in Germany in 1928, based on magnetic wire recording.
The primary and the most common need for this material is data storage along with various other uses such as in packaging solutions and consumer appliances.
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Regions
Europe
North America
Asia Pacific
Rest of the World Free PowerPoint Templates
Base Materials
End-users
Synthetic Rubber
Data Storage
PVC
Consumer Appliances
Others
Packaging & Labeling
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Key players
TDK Corporation
3M
MAGNETIC TAPE MARKET
Toshiba Corporation
Hitachi Metals Ltd.
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Forecast
The global magnetic tape market is expected to grow at a CAGR of 7.6% during the forecast period 2016–2022 to reach $6.5 billion by 2022.
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