This new report from Stratview Research analyses the Aerospace Tapes Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Aerospace Tapes Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Aerospace Tapes Market is no different. Derived from the previous market scenario, the Aerospace Tapes Market is likely to witness an impressive CAGR of 4.0% during 2020-25 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
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Market Share Analysis
Aerospace Tapes Market Share: By Resin Type
Based on the resin type, the market is segmented as acrylic, rubber, silicone, and others. The acrylic segment is expected to remain dominant with its unique properties such as high shear strength, fast-curing time, excellent resistance to oxidation, temperature, and UV radiation; color stability, exceptional anti-aging properties, good balance of adhesion and cohesion, remarkable water resistance, and high peel strength. Acrylics find wide usage in erosion protection of aircraft leading edges, propellers, de-icer systems, and helicopter rotors, the bonding of carpet, floorings and galley mats in aircraft, overlay films for instructions, leaflets, and surface and paint protection, owing to their excellent adhesion property.
Aerospace Tapes Market Share: By Backing Material Type
Based on the backing material type, the market is segmented as paper/tissue, film, foam, and others. The paper/tissue segment is expected to hold the largest share of the market, governed by its properties such as good holding power, heat insulation, and temperature resistance. Its thin, flexible and smooth texture makes its suitable for aircraft manufacturing.
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Aerospace Tapes Market Share: By End-Use Industry Type
Based on the end-use industry type, the aerospace tapes market is segmented as commercial aviation, military aviation, and general aviation. The commercial aviation segment commands the market, with the standard of living improving in developing economies, making the demand for air travel to grow. Wide and narrow-body aircraft deliveries are expected to drive most of the market growth, with regional jet demand lagging behind.
Aerospace Tapes Market Share: By Region
In terms of regions, North America is estimated to be the largest-growing aerospace tapes market during the forecast period, despite the maturity of the market, there is a demand for aerospace tapes in countries such as the US and Canada, owing to the presence of manufacturing facilities and distribution networks of the major players in the market. The growth of the market is driven by the growth of the aerospace industry in North America, which plays a crucial role in monitoring the performance and commercialization of aerospace tapes. The Mexican aerospace tapes market is smaller as compared with the US and Canada, but it is a rapidly growing market as aerospace is one of the largest industries of the country’s manufacturing sector.
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