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The aerospace tapes global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Aerospace Tapes Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The aerospace tapes market size has grown strongly in recent years. It will grow from $2.41 billion in 2023 to $2.57 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to rise in aircraft production, rise in maintenance, repair, and overhaul (mro) activities, stringent safety standards and regulations, increased air cargo transport, rise in space exploration.
The aerospace tapes market size is expected to see strong growth in the next few years. It will grow to $3.32 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to rising electrification of aircraft, increasing defense spending, rising global trade, aging aircraft fleets, increasing disposable income. Major trends in the forecast period include smart materials integration, nanotechnology advancements, sustainability and eco-friendly tapes, artificial intelligence (ai) in tape design, blockchain for traceability.
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Scope Of Aerospace Tapes Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Aerospace Tapes Market Overview
Market Drivers –
The growing demand for commercial aircraft is expected to propel the growth of the aerospace tape market going forward. Commercial aircraft refers to a non-military aircraft that transports people or cargo. Aerospace tapes and other equipment are used to eliminate various dangers and maintain and repair commercial aircraft. For instance, in 2021, the Boeing Company, a US-based commercial aircraft, as well as defense, space, and security system manufacturer, and Airbus, a Netherlands-based company that specializes in offering services related to aviation, defense, and space, in the fourth quarter of 2021, delivered 99 and 187 commercial jets, compared to 59 and 225 deliveries, respectively, in Q4 2020. With 611 aircraft delivered in 2021, Airbus took first place in deliveries for the third consecutive year. Delivery numbers increased from 566 in 2020. Therefore, the growing demand for commercial aircraft is driving the growth of the aerospace tapes market.
Market Trends –
Product innovation has emerged as a key trend gaining popularity in the aerospace tape market. Major companies operating in the aerospace tape market are focused on developing innovative products to strengthen their position. For instance, in May 2021, Intertape Polymer Group, a Canada-based manufacturer of aerospace tapes launched a unique flame-retardant polyethylene tape called PEFR. Aggressive rubber adhesive from PEFR is specially designed to produce a conformable, watertight seal as well as an additional layer of fire and flame resistance, making it perfect for use with fabrics, surface protection, and flame-retardant films.
The aerospace tapes market covered in this report is segmented –
1) By Resin Type: Acrylic, Rubber, Silicone, Other Resin Types
2) By Backing Material: Paper/Tissue, Film, Foam, Other Backing Material
3) By End User: Commercial Aviation, Military Aviation, General Aviation
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Regional Insights –
North America was the largest region in the aerospace tapes market in 2023. Latin America is expected to be the fastest-growing region in the aerospace tapes market share during the forecast period. The regions covered in the aerospace tapes market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the aerospace tapes market include 3M, Nitto Denko Corporation, Avery Dennison Corporation, Tesa SE, Scapa Group plc, Intertape Polymer Group Inc., Saint-Gobain S.A., Berry Global Inc., Shurtape Technologies LLC, DeWAL Industries Inc., Advance Tapes International, Can-Do National Tape Inc., Aviation Devices and Electronic Components Inc., JTAPE Limited, Fralock Innovative Materials Manufacturing & Automation, UltraTape, Mask-Off Company Inc., Parafix Tapes & Conversions Ltd., MBK Tape Solutions, CS Hyde Company, Adhesive Research Inc., Adchem Corporation, PPI Adhesive Products (C.E.), Pro Tapes & Specialties Inc., Technetics Group, V. Himark (USA) Inc., VELCRO Companies, W. W. Grainger Inc.
Table of Contents
1. Executive Summary
2. Aerospace Tapes Market Report Structure
3. Aerospace Tapes Market Trends And Strategies
4. Aerospace Tapes Market – Macro Economic Scenario
5. Aerospace Tapes Market Size And Growth
…..
27. Aerospace Tapes Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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