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Global aircraft pressure-sensitive tape market forecast at $354 million by 2024

  7/11/2019 - Detroit, MI - Stratview Research announces the launch of the market research report, Aircraft Pressure-Sensitive Tape Market by Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter and Military Aircraft), by Tape Type (Specialty Tape and Masking Tape), by Backing Material Type (Fiberglass, PET, PP, and Others), by Adhesive Type (Silicone, Acrylic and Rubber), by Application Type (Interiors and Exterior), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis and Growth Opportunity: 2019-2024. As per Stratview Research, the global aircraft pressure-sensitive tape market will continue to witness promising growth over the next five years to reach an estimated value of $354.7 million in 2024. Several factors are directly or indirectly bolstering the demand for pressure-sensitive tape in the aerospace industry in which the biggest growth driver is the organic growth of the aircraft industry coupled with an increased demand for high-performance pressure-sensitive tape. The research's findings suggest that commercial aircraft are likely to remain the growth engine of the market during the forecast period. Stratview estimates and OEMs' announcements suggest that the production of aircraft will continue to increase as both Boeing and Airbus are enjoying a huge pile of order backlogs and have been increasing the production rates of their key programs (B767, B787, A320, and A350XWB). They are also developing fuel-efficient aircraft platforms (A320neo, B777x and A330neo) to address the grave concern of airlines. Apart from these above-mentioned factors, market entry of COMAC and Irkut in the commercial aircraft segment further substantiates the growth potential of pressure-sensitive tapes in the commercial aircraft segment. Based on the tape type, specialty tape is estimated to remain the larger as well as the faster-growing tape type in the market over the next five years. Improved performance characteristics of tapes will continue to drive the specialty pressure-sensitive tape market in years to come. Specialty pressure-sensitive tapes are replacing traditional methods of fastening, which leads to saving time, money and weight. In terms of backing material type, the market for aircraft pressure-sensitive tape is segmented into fiberglass, PET, PP, and others. Fiberglass is estimated to remain the largest backing material type of the market in the coming five years, whereas PET is likely to be the fastest-growing backing material type over the same period. Fiberglass backing material offers good heat resistance, flame retardancy and thermosetting properties, key properties assuring the dominance of fiberglass backing material in the aircraft pressure-sensitive tape market. As per the study, North America is expected to remain the largest market for aircraft pressure-sensitive tapes during the forecast period. All the major pressure-sensitive tape suppliers have their presence in the region to address the emergent needs of the OEMs in order to become the partner for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs. However, Europe is likely to remain the second-largest market for aircraft pressure-sensitive tapes during the forecast period. Commercial aircraft is the growth engine of the European market for aerospace pressure-sensitive tapes, largely driven by the A320 and A350 XWB aircraft programs. The key players in the pressure-sensitive tape market are The 3M Company; Berry Global, Inc.; Nitto Denko Corporation; Henkel AG & Company, KGaA; Intertape Polymer Group; Avery Dennison; H.B. Fuller; and Tesa SE. Development of high-performance pressure-sensitive tapes and expansion in untapped and growing markets are the key strategies adopted by the major players to gain a competitive edge in the market.

Friday, July 19, 2019

Goodyear to report second quarter results July 26 - click to expand

Continental wins design complaint against Heuver Bandengroothandel B.V. - click to expand

Tire Industry Association elects Mason Hess of Purcell Tire & Rubber as board secretary - click to expand

Global liquid silicone rubber market forecast to reach $3.83 billion by 2026 - click to expand

Book of the day: Thermoplastic Elastomers - click to expand

PPG announces a $0.03 per share increase in the company’s dividend - click to expand

Thursday, July 18, 2019

Lubrizol Corporation announces acquisition of Bavaria Medizin Technologie GmbH - click to expand

Tire Industry Association appoints David Zielasko as vice president of marketing and communications - click to expand

Specialty tapes market forecast to reach $59.3 billion by 2024 - click to expand

Continental begins construction of motorcycle tire factory in Thailand - click to expand

Maxxis to open distribution facility near Indianapolis, Indiana - click to expand

Wednesday, July 17, 2019

Career fair to be held during the Rubber Division's International Elastomer Conference - click to expand

Goodyear to invest $180 million in North Carolina tire plant - click to expand

Rep International names Jim Wirtz president - click to expand

NBR latex market size is forecast to exceed $2.4 billion by 2025 - click to expand

German RepRap launches 3D printing platform that can print liquid silicone rubber - click to expand

Wacker to showcase novel silicone laminate with electroactive properties at K2019 - click to expand

Tuesday, July 16, 2019

Toyo Tire to increase capacity at U.S. tire production facility in Bartow County, Georgia - click to expand

Nitrile butadiene rubber production in North America anticipated to reach 50,000 tons in 2023 - click to expand

Hillenbrand to acquire Milacron in cash-and-stock trade valued at $2 billion - click to expand

Goodyear declares quarterly dividend - click to expand

The International Rubber Study Group (IRSG) announces a call for rubber-related economic research papers - click to expand

Global green tire market forecast with a 20.63 percent CAGR through 2023 - click to expand

Monday, July 15, 2019

Goodyear sends silica science package to the International Space Station - click to expand

Wacker sets benchmarks in multimaterial printing and precision with ACEO technology - click to expand

GRI hires senior industry executive as head of global sales - click to expand

Tokai Carbon CB to increase prices in North America - click to expand

Bridgestone to launch new Blizzak studless winter tire - click to expand

Market Reports

Global farm tire market size is expected to reach $7.01 billion by 2025 - click to expand

Global silicone gel industry forecast at $2 billion by 2025 - click to expand

Asian and Pacific nitrile butadiene rubber market forecast at 820 thousand tons By 2023 - click to expand

Global liquid silicone rubber market is forecast to reach $3.83 Billion by 2026 - click to expand

Specialty tapes market forecast to reach $59.3 billion by 2024 - click to expand

NBR Latex Market size is forecast to exceed $2.4 billion by 2025 - click to expand

Global green tire market forecast with a 20.63% CAGR through 2023 - click to expand

Nitrile Butadiene Rubber production in North America anticipated to teach 50 thousand tons in 2023 - click to expand

Global silicone solutions for leather & textiles market to expand to $760 million by 2025 - click to expand

Global isoprene market is expected to reach $3.97 billion by 2025 - click to expand

Global aircraft pressure-sensitive tape market forecast at $354 million by 2024 - click to expand

Shape memory polymer market forecast with at a CAGR of more than 25% through 2025. - click to expand

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