Aerospace Tapes Market Size by Resin Type, Backing Material, End Use Industry, Region – Revenue Pool Analysis, Margin Structure Assessment, Capital Flow Trends, Competitive Benchmarking & Forecast to 2029
Overview
Aerospace Tapes Market size is projected to reach US$ 2.94 Billion at the end of the forecast period at a CAGR of 4.2%.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Aerospace Tapes Market Dynamics:
Aerospace tapes market has been a general acceptance of aerospace tapes in various industries such as commercial aviation, military aviation, and general aviation. Initiatives undertaken by governments of China and India, growing demand for lightweight and more fuel-efficient aircraft, increasing demand for passenger aircraft in emerging regions, and replacement of old/aging aircraft & modernization of existing aircraft are expected to drive the growth of the aerospace industry, so, consequently augmenting the growth of the aerospace tapes market globally.
However, a shortage of profitable airlines in emerging economies and reduced defense spending in developed economies are probable to restrain the growth of the market. The increasing influence of low-cost airlines and the emergence of aircraft manufacturers in the APAC and South America will bring new growth opportunities for aerospace tapes market. Delay in aircraft deliveries and costly MRO services are the major challenges faced by this market throughout the forecast period.
Aerospace Tapes Market Segment Analysis:
The report covers detailed information related to dynamics, segmentation of the global aerospace tapes market and categorizes it at various levels, thereby providing valuable insights at micro and macro levels.
Commercial aviation is expected to grow at a xx% rate of CAGR in the global aerospace tapes market during the forecast period. Commercial aviation includes operating aircraft on hire to transport passengers or multiple loads of cargo. The commercial aviation segment contains commercial airline fleets, cargo planes, and regional airlines.
Paper/tissue segment is expected to register a major revenue share in the aerospace tapes market globally. The increasing awareness of aerospace tapes in different parts of an aircraft has encouraged tape manufacturers to focus on products where these tapes can replace other fastening systems. They are comparatively thin, flexible, and also smooth, which makes them suitable for aircraft manufacturing.
Aerospace Tapes Market Regional Insights:
North America has a major xx% share in the aerospace tapes market in terms of revenues. The aerospace industry in North America is highly regulated, which plays a vital role in monitoring the performance and commercialization of aerospace tapes. The aerospace tapes market in Mexico is moderately smaller than that in the US and Canada, but it is a rapidly rising market as aerospace is one of the largest industries of the country’s manufacturing sector.
The report covers recent development in Global Aerospace Tapes Market like, in 2017, Berry Global Group Inc. acquired Adchem Corp., a company of high-performance adhesive tape systems in the US. This extended Berry Global's ability to service a consumer’s specialty tape requirements with expanded technologies.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Aerospace Tapes Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence.
The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Global Aerospace Tapes Market.
Aerospace Tapes Market Scope: Inquire before buying
| Aerospace Tapes Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2022 | Forecast Period: | 2023-2029 |
| Historical Data: | 2017 to 2022 | Market Size in 2022: | US $ 2.20 Bn. |
| Forecast Period 2023 to 2029 CAGR: | 4.2% | Market Size in 2029: | US $ 2.94 Bn. |
| Segments Covered: | by Resin Type | • Acrylic • Rubber • Silicone • Others |
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| by Backing Material | • Paper/tissue • Film • Foam • Others |
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| by End Use Industry | • Commercial aviation • Military aviation • General aviation |
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Aerospace Tapes Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Aerospace Tapes Market Key Players are:
• 3M Company
• Nitto Denko Corporation
• Avery Dennison Corporation
• Tesa SE
• Scapa Group Plc
• Intertape Polymer Group
• Compagnie De Saint-Gobain
• Berry Global Group, Inc.
• Advance Tapes International
• DeWAL Industries, Inc.
• Shurtape Technologies, LLC
• Stokvis Tape Bv
• MBK Tape Solutions
• GERGONNE - the Adhesive Solution
• Adhesives Research, Inc.
• American Biltrite Inc.
• Can-Do National Tape, Inc.
• Av-DEC, Inc.
• JTAPE Limited
• Fralock Innovative Materials Manufacturing & Automation
• Ultratape
• Mask-Off Company, Inc.
Frequently Asked Questions:
1. Which region has the largest share in Global Aerospace Tapes Market?
Ans: North America region held the highest share in 2022.
2. What is the growth rate of Global Aerospace Tapes Market?
Ans: The Global Aerospace Tapes Market is growing at a CAGR of 4.2% during forecasting period 2023-2029.
3. What is scope of the Global Aerospace Tapes Market report?
Ans: Global Aerospace Tapes Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Aerospace Tapes Market?
Ans: The important key players in the Global Aerospace Tapes Market are – 3M Company, Nitto Denko Corporation, Avery Dennison Corporation, Tesa SE, Scapa Group Plc, Intertape Polymer Group, Compagnie De Saint-Gobain, Berry Global Group, Inc., Advance Tapes International, DeWAL Industries, Inc., Shurtape Technologies, LLC, Stokvis Tape Bv, MBK Tape Solutions, Adhesives Research, Inc., American Biltrite Inc., Can-Do National Tape, Inc., Av-DEC, Inc., JTAPE Limited, Ultratape, Mask-Off Company, Inc.
5. What is the study period of this Market?
Ans: The Global Aerospace Tapes Market is studied from 2022 to 2029.