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The objective of the AIrcraft Tapes Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.
In view with the current pandemic analysts at Stratview Research has thoroughly analyzed and presented the following parameters under the detailed Covid – 19 impact analysis in the AIrcraft Tapes Market.
Market Insights – The AIrcraft Tapes Market is projected to grow from USD 6.36 billion in 2022 to USD 8.69 billion by 2028 at a CAGR of over 5.3% during the forecast period.
Few key players operating in the AIrcraft Tapes Market are-
The 3M Company,
Nitto Denko Corporation,
Avery Dennison Corporation,
Tesa SE,
Scapa Group plc,
Intertape Polymer Group,
Compagnie de Saint-Gobain S.A.,
Berry Global Inc.,
Advance Tapes International Ltd.,
DeWAL Industries, Inc.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Aircraft Tapes Market value and growth drivers over the trend period of 2022-27. According to the report -
Aircraft Tapes Market is likely to witness a CAGR of 4.7% during the forecast period. The prime factors that are driving the aircraft tapes market are increasing demand for lightweight and fuel-efficient aircraft, rising passenger traffic leading to increasing demand for commercial aircraft, replacement of old/aging aircraft, and upgradation and modernization of existing aircraft.
Segment Analysis:
Based on Resin Type:
Based on the resin type, the market is segmented as acrylic, rubber, silicone, and others. The acrylic-based tape held the largest share of the market in 2021, and is expected to remain dominant during the forecast period. Acrylic-based tapes are firmer and more durable, further it offers excellent properties such as fast-curing time; excellent resistance to oxidation, temperature, and UV radiation; color stability; exceptional anti-aging properties; excellent water resistance; and good balance of adhesion and cohesion. Acrylic-based tapes are majorly used in aircraft interior applications.
Based on Region:
In terms of regions, North America is estimated to be the largest market for aircraft tapes during the forecast period. The USA is the manufacturing hub of the aerospace industry with presence of a large number of OEMs, tier players, aircraft tape suppliers, distributors, and airlines. Asia-Pacific is expected to remain the fastest-growing market for aircraft tapes during the forecast period, driven by the opening of assembly plants from Boeing and Airbus in China, upcoming indigenous aircraft programs (C919 and Mitsubishi MRJ), increasing defense budget of emerging economies such as China and India, and increasing aircraft fleet size.
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Critical Questions Answered in the Report
l What are the key trends in the global AIrcraft Tapes Market?
l How the AIrcraft Tapes Market (and its various sub-segments) has grown in the last five years?
l What would be the growth driver and growth rate in next five years?
l What is the impact of COVID-19 on the AIrcraft Tapes Market?
l What are the key strategies adopted by the major vendors to lead in the AIrcraft Tapes Market?
l What is the market share of the key players?
Target Audience
The following is a list of the customers that the AIrcraft Tapes Market aims to convert the most:
l Manufacturing Organizations
l Distributors & Suppliers
l Potential Investors
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