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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, October 18, 2019

Struktol's additives and technical solutions showcased on redesigned website - click to expand

CPI announces two distinguished leadership award winners - click to expand

Solvay’s Veradel PESU line in India comes on-stream - click to expand

Michigan Rubber Group announces November technical meeting - click to expand

Book of the Day - Resistance and Stability of Polymers - click to expand

CPI survey reveals strength of polyurethanes across U.S., Canada and Mexico - click to expand

Thursday, October 17, 2019

Center for the Polyurethanes Industry announces winner of the 2019 Polyurethane Award - click to expand

Lanxess introduces a vulcanization accelerator for all types of rubber - click to expand

ARPM unveils training module: Job Setup and Production Flow - click to expand

Dow expands Nordel EPDM portfolio - click to expand

Global agricultural tire market forecast at $7.5 billion by 2024 - click to expand

Wacker presents liquid and solid silicone rubber grades with enhanced product and processing properties - click to expand

Goodyear declares quarterly dividend - click to expand

Wednesday, October 16, 2019

Michelin introduces Endurance XT Silicone Beam wiper blade - click to expand

Adhesives and sealants market forecast to reach $73.8 billion by 2024 - click to expand

Huber Engineered Materials nearly completes Martinswerk expansion - click to expand

K Show 2019 opens today in Dusseldorf - click to expand

Gerlach opens office in Albuquerque, NM, to better serve North American market - click to expand

Arlanxeo illustrates the future of mobility solutions at K2019 - click to expand

Hexpol TPE launches circular TPEs at K2019 - click to expand

Tuesday, October 15, 2019

Michelin announces sport touring tire line-up for motorcycles and scooters - click to expand

Global automotive mold market expected to grow at a CAGR of over 7 percent through 2024 - click to expand

Orion Engineered Carbons appoints Lorin Crenshaw chief financial officer of the Orion group - click to expand

Collaboration brings new colors to Dow’s 3D-printable liquid silicone rubber - click to expand

Mid Atlantic Rubber and Plastics Group holds educational symposium in November - click to expand

Braskem's Delta PP plant remains on target for completion by first quarter of 2020 - click to expand

Monday, October 14, 2019

Toyo Tire U.S.A. Corp. to promote Michael Graber to VP of Sales - click to expand

The Philadelphia Eagles and Braskem announce results from 2018-2019 STEM Scholars Program - click to expand

Michelin recognized by EPA with 2019 SmartWay award - click to expand

Cabot Corporation receives fourth consecutive gold-level rating from EcoVadis - click to expand

Dunlop SP Sport Maxx run-flat tire chosen as factory standard for Lexus LS - click to expand

Yokohama Tire launches two new premium winter tires - click to expand

Market Reports

CPI survey reveals strength of polyurethanes across U.S., Canada and Mexico - click to expand

Global agricultural tire market forecast at $7.5 billion by 2024 - click to expand

Adhesives & sealants market forecast to reach $73.8 billion by 2024 - click to expand

Global automotive mold market is expected to grow at a CAGR of over 7% through 2024 - click to expand

Silicone surfactants market forecast to reach $2.5 billion by 2024 - click to expand

Global silicone elastomers market forecast with a CAGR of 6.2% through 2024 - click to expand

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