Flashing Tape Market: Market Overview
Demand for flashing tapes has risen due to the manufacturing industry and end use industries such as construction, electronics and electricity, packaging, automotive, healthcare and others. Flashing tapes are used mostly for the weather or moisture proofing and air infiltration purposes. The key element in charge of flashing tape market growth is broad product applications from many industries. Currently, automotive industry has more demand of flashing tapes compare to other industries. Additionally, flashing tapes offer high durability, versatility, abrasion resistance and high performance, these properties contributing the growth the flashing tape market. Rising need of flashing tape in commercial as well as residential use coupled with the developments in construction and infrastructure activities have made positive impact on the growth of the flashing tape market. Rising demand of flashing tapes in packaging industry and medical services will boost the flashing tape market growth.
Flashing Tape Market: Market Dynamics
Excess product utilization in the automotive business is an important factor behind driving the flashing tapes market. Due to the growing economy, disposable income is increasing rapidly day by day, which results into the growing net economy. As the emerging economy’s rising population contributing the growth of consumer goods such as flashing tapes. The non-allergic property of flashing tapes will help to increase the use of flashing tape in medical and healthcare industries to dress the wounds. Flashing tape is popularly used in electrical and electronics industry popularly knowing its water proofing quality. Flashing tape has become integral part of the modern world as it can be used everywhere.
Polymer as well as the adhesives of tapes are made from by-products of the petroleum industry. Uncertainty in the prices of petroleum and oil industry in the Middle East countries, may become restraining factor of the growth of the flashing tape market. Strict government regulations on the usage of plastic based product may slow down the growth of the flashing tape market in the coming future. Additionally, rise in transport and labour cost will show remarkable impact on the growth of the flashing tape market in the forecasted period. The construction, automotive, transportation, packaging and many industries are impacted due to the COVID-19 pandemic and which is currently have uncertainty. COVID-19 is anticipated to have a notable impact on the products demand and supply chain. This will continue to show the serious impacts on the growth of the flashing tape market for few years in the forecasted period.
Flashing Tape Market: Segmentation
On the basis of adhesive type, global flashing tape market can be segmented as:
On the basis of substrate type, global flashing tape market can be segmented as:
On the basis of end use industry, global flashing tape market can be segmented as:
- Building & construction
- Electrical & electronics
Flashing Tape Market: Regional Outlook
Geographically, North America is expected to dominate the flashing tape market due to the growing demand in healthcare industry. This growth is mainly due to the increasing number of surgeries and other medical procedures in the region. Fast developing construction projects and automotive sector in the South and East Asian countries the flashing tapes witnessing astonishing flashing tape market growth. Increasing use of flashing tapes in the medical sector and the easy raw material availability are some factors responsible for the growth of the market. Flashing tape may withstand the extreme temperatures from -70ºF to 200ºF, due this property flashing tapes will continue to have high market growth in the Middle East and African countries in coming future.
Flashing Tape Market: Key Players
Some prominent players in the global Flashing Tape Market:
- Asian Paints
- Scapa Group plc
- Johnson & Johnson
- A.B.E. Construction Chemicals
- Shanghai Richeng Electronic
- Metalnastri Srl
- Chowgule Construction Chemicals
- 3M company
- Avery Dennison Corporation
- Nitto Denko Corporation
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on flashing tape market segments and geographies.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.