What is the future of Aerospace Tapes Market? Know Covid Impact on Size, Share & Forecasts
July 10, 2020
It was estimated prior to this unanticipated outbreak that the Aerospace Tapes Market was likely to witness an impressive CAGR of 4.0% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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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.
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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Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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