Reinforced Foil Tapes Market Size Forecasts | Global Statistics Over 2019-2025
In marine industry, the boats that carry cargo are usually made up of water resistant material such as aluminium. Thus, increasing use of product in marine industry is likely to stimulate the reinforced foil tapes market size over the projected timeframe.
Selbyville, United States – June 27, 2019 /MarketersMedia/ —
Reinforced Foil Tapes Market size is thriving and is anticipated to grow at a healthy CAGR during the forecast period. Reinforced foil tapes market size is growing owing to its exceptional characteristics compared to conventional adhesive tapes in the market. The product offers extraordinary thermal conductivity, weather resistance, heat & light reflectance, moisture & chemical resistance and flame resistance. Increasing product demand among vendors owing to its exceptional properties like high tensile strength is likely to boost the reinforced foil tapes market size over the projected timeframe.
The product has wide range of applications in various end-user industries including aerospace, electronics, packaging, automotive, construction and marine industry. In aerospace, the product has extensive application in aircraft parts including masking windows, wheels and seams before paint to resist flame, moisture, dirt, weather and other adverse conditions to help protect surface. Aerospace industry is booming and is likely to grow at a CAGR of over 6% which shall positively influence the reinforced foil tapes market size by 2024.
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Prevailing product use in packaging industry owing to extraordinary product characteristics such as providing moisture & chemical resistance, durability, superior conformability making it desirable by packaging industry as compared to conventional adhesive tapes. Packaging industry is escalating and is expected to grow at a CAGR of over 5% in the coming years and henceforth likely to drive the reinforced foil tapes market size over the projected timespan.
Raw material price volatility and presence of product alternatives in the market are probable to hamper the reinforced foil tapes market size in the coming years. Wide range of applications and its exclusive properties makes it desirable across various end-use industries and is likely to create plentiful opportunities for reinforced foil tapes market size by 2024.
Reinforced Foil Tapes Market reports basic table of content consists of,
1. Methodology and Scope
2. Executive Summary
3. Reinforced Foil Tapes Market Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2019 – 2025
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter’s analysis
3.10. Company market share, 2018
3.11. PESTEL analysis
3.14. Regional price trends
4. Reinforced Foil Tapes Market Product Insights
5. Reinforced Foil Tapes Market Application Insights
6 Perfluoropolyether Regional Insights
7. Competitor Profiles
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In marine industry, the boats that carry cargo are usually made up of water resistant material such as aluminium. Thus, increasing use of product in marine industry is likely to stimulate the reinforced foil tapes market size over the projected timeframe. In aerospace industry, product is used to mask wheel, seams and window before paint stripping to protect against harsh chemicals. Since, the product is chemically resistant it has other applications in aerospace industry including electroplating, anodizing, etc. which is expected to effectively contribute in growing reinforced foil tapes market size during the forecast period.
North America accounts for the highest market share owing to consistently growing aerospace, electronics and automotive industry which leads to increasing product application and subsequently resulting in business growth. Europe also holds a prominent industry share due to significant manufacturing base and high product demand. Rapid industrialization in Asia Pacific primarily in India & China has led to growing construction industry which will eventually have positive influence on the reinforced foil tapes market size in the coming future
Reasons to Buy This Report:
1 Reinforced Foil Tapes Market size & share forecast by product & application 2019-2025
2. Growth drivers, pitfalls & industry challenges
3. Reinforced Foil Tapes Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
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Key global reinforced foil tapes market size contributors are 3M Company, Avery Dennison Corporation, DuPont, Brady Corporation, Alco Technologies, Inc., and Henkel Ag & Company. Other major players are Coilcraft, Inc., CGS Technologies, Inc., Dow Corning, ETS-Lindgren, Intermark USA, Inc., Leader Tech Inc, PPG Industries, Schaffner Holding AG, Zippertubing Company, Cybershield, Inc., Chomerics North America, EIS Fabrico, and Laird Technologies.
Contact Info:
Name: Arun Hedge
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Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/industry-analysis/reinforced-foil-tapes-market
Source: MarketersMedia
Release ID: 88890356
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