Global Aerospace Tapes Market Size By Resin Type, By Backing Material Type, By End-Use Industry Type, By Geographic Scope And Forecast
Published on: 2024-08-15 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Aerospace Tapes Market Size By Resin Type, By Backing Material Type, By End-Use Industry Type, By Geographic Scope And Forecast
Aerospace Tapes Market Size And Forecast
Aerospace Tapes Market size was valued at USD 2.26 Billion in 2024 and is projected to reach USD 3.6 Billion by 2031, growing at a CAGR of 6% during the forecast period 2024-2031.
Global Aerospace Tapes Market Drivers
The market drivers for the Aerospace Tapes Market can be influenced by various factors. These may include
- Expanding Aerospace Industry The need for aerospace tapes is driven by the industry’s general growth and expansion. High-performance tapes are becoming more and more necessary for a variety of applications, including aircraft assembly and surfaces both inside and outside, as the aerospace industry keeps innovating and developing new technologies.
- Growing Aircraft Production The need for aerospace tapes is fueled by the growing demand for commercial aircraft, which is a result of factors such as rising air travel, an expanding middle class, and economic expansion. The need for tapes used in aircraft manufacture and maintenance is increasing as more aircraft are constructed.
- Developments in Tape Technology Aerospace tapes with improved performance qualities are the result of ongoing developments in tape technology, which also includes improvements in materials, adhesives, and manufacturing techniques. This is what propels the use of aerospace tapes in vital aerospace uses.
- Strict Safety Standards and Regulations The design, manufacture, and maintenance of aircraft are subject to strict safety standards and regulations in the highly regulated aerospace sector. By offering solutions for bonding, sealing, surface protection, and insulation while guaranteeing regulatory compliance, aerospace tapes play a critical role in fulfilling these standards.
- Emphasis on Lightweighting In the aerospace sector, lightweighting is a major trend that aims to reduce emissions and improve fuel efficiency. Aerospace tapes provide lightweight solutions for a range of uses, such as combining lightweight materials, which is in line with the industry’s emphasis on sustainability and fuel efficiency.
- Growing Need for MRO Services (Maintenance, Repair, and Overhaul) The need for MRO services rises in tandem with the expansion of the global aircraft fleet. The demand for aerospace tapes is driven by the widespread usage of these goods in maintenance, repair, and overhaul (MRO) activities involving the repair and maintenance of aircraft interiors and structures.
- Growing Need for Specialty Tapes Because specialty aerospace tapes are essential to the production and upkeep of aircraft, there is a growing need for these tapes, which are designed for particular uses like high-temperature resistance, flame retardancy, electrical insulation, and corrosion protection.
- Emerging Markets and New Entrants Manufacturers of aerospace tapes face new prospects as a result of the expansion of emerging aerospace markets, particularly in Asia-Pacific and the Middle East. New entrants into the aerospace sector ecosystem also intensify market competitiveness and spur technological innovation in aerospace tape.
Global Aerospace Tapes Market Restraints
Several factors can act as restraints or challenges for the Aerospace Tapes Market. These may include
- Strict Regulations The aerospace sector is heavily regulated, and tapes used in aerospace applications must adhere to stringent performance, durability, and safety requirements. Achieving these requirements can be difficult, and it might prevent some tapes from being widely used.
- High Manufacturing Costs To endure the harsh conditions seen in flight applications, aerospace tapes frequently require specialised materials and manufacturing techniques. The affordability and accessibility of aerospace tapes may be restricted because to the high cost of these materials and techniques, particularly for smaller businesses or projects with tight budgets.
- Complex Application Requirements Aerospace applications can have particular, intricate needs, like the ability to withstand high pressure, temperatures, and chemicals. It can be difficult to create tapes that can fulfil each of these demands at the same time, and tape performance restrictions might prevent them from being used in some aeronautical applications.
- Prolonged Certification Procedures In order to make sure aerospace tapes fulfil industry standards for performance and safety, they usually need to go through protracted testing and certification procedures. The lengthy and expensive certification procedures can impede innovation and postpone the release of new tapes onto the market.
- Although tapes are frequently utilised in aerospace applications, they are in competition with alternative materials such mechanical fasteners, sealants, and adhesives. The demand for aeronautical tapes may be reduced by these substitute materials, which may offer advantages in terms of performance, cost, or convenience of use, depending on the particular requirements of a given application.
- Supply Chain interruptions Unexpected events like the COVID-19 epidemic, natural disasters, and geopolitical conflicts can all lead to supply chain interruptions in the aerospace sector. Supply chain disruptions may result in shortages of essential materials or components required for tape production, which may affect the availability and cost of aeronautical tapes.
Global Aerospace Tapes Market Segmentation Analysis
The Global Aerospace Tapes Market is segmented on the basis of Resin Type, Backing Material Type, End-Use Industry Type, And Geography.
Aerospace Tapes Market, By Resin Type
- Acrylic
- Rubber
- Silicone
- Others
Based on Resin Type, the market is segmented into Acrylic, Rubber, Silicone, and Others. With its special qualities like high shear strength, quick curing, excellent resistance to oxidation, temperature, and UV radiation; color stability, exceptional anti-aging properties, a good balance of adhesion and cohesion; remarkable water resistance; and high peel strength, the acrylic segment is predicted to maintain its dominance. Due to their excellent adhesion properties, acrylics are frequently used in the erosion protection of aircraft leading edges, propellers, de-icer systems, and helicopter rotors, the bonding of carpet, flooring, and galley mats in aircraft, overlay films for instructions and leaflets, and surface and paint protection.
Aerospace Tapes Market, By Backing Material Type
- Paper/Tissue
- Film
- Foam
- Others
Based on Backing Material Type, the market is segmented into Paper/Tissue, Film, Foam, and Others. A major portion of the market is anticipated to be accounted for by the paper and tissue sector due to its favorable holding power, heat insulation, and temperature resistance. It is useful for aircraft manufacture due to its thin, flexible, and smooth texture.
Aerospace Tapes Market, By End-Use Industry Type
- Commercial Aviation
- Military Aviation
- General Aviation
Based on End-Use Industry Type, the market is segmented into Commercial Aviation, Military Aviation, and General Aviation. The commercial aviation sector dominates the market, and as living standards rise in developing nations, demand for air travel rises as well. The majority of market growth is anticipated to be driven by wide- and narrow-body aircraft deliveries, with regional jet demand trailing behind.
Aerospace Tapes Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
Based on Regional Analysis, the Global Aerospace Tapes Market is classified into North America, Europe, Asia Pacific, and Rest of the world. Although the Aerospace Tapes Market is mature, there is still a demand for aerospace tapes in nations like the US and Canada due to the presence of manufacturing facilities and distribution networks of the major players in the market. North America is predicted to have the fastest growth in terms of regions during the forecast period.
The development of the North American aerospace sector, which is essential to assessing the effectiveness and commercialization of aerospace tapes, is what is fueling the market’s expansion. Although the Mexican Aerospace Tapes Market is smaller than those in the US and Canada, it is expanding quickly because aerospace is one of the country’s main manufacturing sectors.
Key Players
The major players in the Aerospace Tapes Market are
- 3M Company
- Nitto Denko Corporation
- Avery Dennison Corporation
- tesa SE
- Scapa Group plc
- Intertape Polymer Group
- Compagnie de Saint-Gobain
- Berry Global
- Advance Tapes International
- DeWAL Industries
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2021-2031 |
Base Year | 2024 |
Forecast Period | 2024-2031 |
Historical Period | 2021-2023 |
Unit | Value (USD Billion) |
Key Companies Profiled | 3M Company, Nitto Denko Corporation, Avery Dennison Corporation, Tesa SE, Scapa Group Plc, Intertape Polymer Group, and Compagnie De Saint-Gobain. |
Segments Covered | By Resin Type, By Backing Material Type, By End-Use Industry Type, And By Geography. |
Customization scope | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Market Research
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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