Aerospace Tapes Market - 2024 at CAGR of 4.0% - PowerPoint PPT Presentation

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Aerospace Tapes Market - 2024 at CAGR of 4.0%

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The major driving factors in the aerospace tapes market are initiatives undertaken by governments of China and India, increasing demand for lightweight and more fuel-efficient aircraft – PowerPoint PPT presentation

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Title: Aerospace Tapes Market - 2024 at CAGR of 4.0%


1
Aerospace Tapes Market worth 31.0 billion by
2023
Browse 79 market data Tables 46 Figures 142
Pages and in-depth TOC on " Aerospace Tapes
Market "
2
The Aerospace Tapes Market size is projected to
grow from USD 2.0 billion in 2019 to USD 2.4
billion by 2024, at a CAGR of 4.0, during the
forecast period. There has been a widespread
acceptance of aerospace tapes in various
industries such as commercial aviation, military
aviation, and general aviation. Initiatives
undertaken by governments of China and India,
increasing demand for lightweight and more
fuel-efficient aircraft, rising 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, thus,
consequently augmenting the growth of the
aerospace tapes market.
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3
The acrylic segment is estimated to account for
the largest share of the aerospace tapes market
during the forecast period.
Acrylic-based aerospace tapes are more firm and
durable than rubber-based adhesive tapes. These
resins have high shear strength. The properties
of acrylics are fast-curing time excellent
resistance to oxidation, temperature, and UV
radiation color stability exceptional
anti-aging properties good balance of adhesion
and cohesion excellent water resistance and
high peel, tack, and shear strength. Acrylic
aerospace tapes are widely used in the aerospace
industry, owing to its excellent adhesion
properties in the bonding of carpet, floorings
and galley mats in aircraft, overlay film for
instructions, leaflets, surface and paint
protection, and erosion protection of aircraft
leading edges, propellers, de-icer systems, and
helicopter rotors.
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4
Recent Developments
  • In July 2017, Intertape Polymer Group Inc.
    acquired Canadian Technical Tape Ltd., a North
    American supplier of industrial and specialty
    tapes based in Montreal. This acquisition has
    extended the companys product offering and
    provided additional distribution channels for IPG
    products in Canada, the US, and Europe. 
  • In July 2017, Berry Global Group Inc. acquired
    Adchem Corp., a manufacturer of high-performance
    adhesive tape systems in the US. This expanded
    Berry Global's ability to service a consumers
    specialty tape requirements with expanded
    technologies.

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5
The major players in the Refrigerants Market are,
  • 3M Company (US)
  • Nitto Denko Corporation (Japan)
  • Avery Dennison Corporation (US)
  • tesa SE (Germany)
  • Scapa Group plc (UK)
  • Intertape Polymer Group (Canada)
  • Compagnie de Saint-Gobain S.A. (France)
  • Berry Global, Inc. (US)
  • Advance Tapes International (UK)
  • Stokvis Tapes BV (Netherlands)
  • Shurtape Technologies
  • LLC (US)
  • DeWAL Industries (US)
  • MBK Tape Solutions (US)
  • GERGONNE - The Adhesive Solution (France)
  • Adhesives Research, Inc. (US)
  • American Biltrite Inc. (US)
  • Can-Do National Tape, Inc. (US)
  • Av-DEC, Inc. (US)

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6
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