Reinforced Foil Tapes Market drivers of growth analyzed in a new research report

Drivers of Reinforced Foil Tapes Market growth including regional trends, factors driving multiple segments of Reinforced Foil Tapes industry and companies vying for a pie of the market share and size are discussed at length in this new report by Global Market Insights, Inc.

Reinforced Foil Tapes Market size is thriving and is anticipated to grow at a healthy CAGR during the forecast period. Reinforced foil tapes market size is growing owing to its exceptional characteristics compared to conventional adhesive tapes in the market.

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Increasing product demand among vendors owing to its exceptional properties like high tensile strength is likely to boost the reinforced foil tapes market size over the projected timeframe.

The product has wide range of applications in various end-user industries including aerospace, electronics, packaging, automotive, construction and marine industry. Aerospace industry is booming and is likely to grow at a CAGR of over 6% which shall positively influence the reinforced foil tapes market size by 2024.

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Prevailing product use in packaging industry owing to extraordinary product characteristics such as providing moisture & chemical resistance, durability, superior conformability making it desirable by packaging industry as compared to conventional adhesive tapes. Packaging industry is escalating and is expected to grow at a CAGR of over 5% in the coming years and henceforth likely to drive the reinforced foil tapes market size over the projected timespan.

Reasons to Buy This Report:

  1. Reinforced Foil Tapes Market size & share forecast by product & application 2017-2024
  2. Growth drivers, pitfalls & industry challenges
  3. Key Reinforced Foil Tapes Market growth opportunities & emerging business models
  4. Competitive benchmarking with market share analysis and company profiles

The differentiating factor of Reinforced Foil Tapes market report by Global Market Insights, Inc. when compared with other, similar syndicated research studies includes a 360-degree synopsis of trends for a period of more than 10 years including historic information as well as future outlook. Business focused multiple trends for Reinforced Foil Tapes industry are discussed along with regional trends to offer an overall view of the market.

Reinforced foil tapes market size is segmented based on applications including strapping, sealing and holding. Strapping is done when high strength and adhesion is needed across various end-user industries. Sealing is required to close joints in metal ducting and to provide insulation between internal skin & fuselage of aircraft and other applications.

Based on application, reinforced foil tapes market size is divided into aerospace, automotive, electronics, marine, construction, packaging and others. In electronics industry, the product is used to coat electrical cables that provides weather resistance, heat & chemical resistance to cables exposed in the environment.

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In marine industry, the boats that carry cargo are usually made up of water resistant material such as aluminium. Thus, increasing use of product in marine industry is likely to stimulate the reinforced foil tapes market size over the projected timeframe. In aerospace industry, product is used to mask wheel, seams and window before paint stripping to protect against harsh chemicals.

North America accounts for the highest market share owing to consistently growing aerospace, electronics and automotive industry which leads to increasing product application and subsequently resulting in business growth. Europe also holds a prominent industry share due to significant manufacturing base and high product demand.

Key global reinforced foil tapes market size contributors are 3M Company, Avery Dennison Corporation, DuPont, Brady Corporation, Alco Technologies, Inc., and Henkel Ag & Company. Other major players are Coilcraft, Inc., CGS Technologies, Inc., Dow Corning, ETS-Lindgren, Intermark USA, Inc., Leader Tech Inc, PPG Industries, Schaffner Holding AG, Zippertubing Company, Cybershield, Inc., Chomerics North America, EIS Fabrico, and Laird Technologies.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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