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Sealant Tape Market: Overview

Sealant tape is an air-tight seal commonly used in the manufacturing of permanent vacuum bagging as well as processing of composites. It is also known as tacky tape which maintains an air-tight seal during the cure cycle. It is also used to seal ducts, windows, gutters, metal buildings, vents, roof seams, and roof sidewalls. Sealant tapes also find application in housing, transportation, and modular construction industries. These tapes possess excellent tack and superior cohesive strength, and offer superior watertight sealing. Sealant tapes improves energy efficiency when applied to joints in duct system by reducing heating and cooling cost. These tapes adhere to metal substrates very efficiently, even when they are contaminated with oil.  Sealant tapes offer excellent adhesion and compressibility to cold and moisture-based substrates.

Sealant Tape Market: Key Segments

The global sealant tape market can be segmented based on type and region. In terms of type, the market can be categorized into butyl tapes, silicone tapes, urethane tape, polytetrafluoroethylene (PTFE) tape, and polypropylene tape. PTFE tapes, also called thread sealant tapes, are typically used to control leakage in water and gas pipelines. These tapes provide high resistance to chemical attack and can be used for high temperature and high abrasion resistance applications. PTFE tapes are used for sealing valves, screws, stopcock, gaskets, and insulating electrical parts. Butyl tapes are adhesive tapes, primarily used in the construction and repair industries. These tapes provide excellent protection against seals cracks, seams, etc., on the surface of the roof. Urethane tapes are widely used for construction, transportation, and industrial applications. These tapes are highly flexible and are manufactured from very tough, abrasion-resistant polyurethane. Polypropylene tapes provide excellent resistance to temperature fluctuations and are suitable for the packaging industry.

Sealant Tape Market: Key Drivers

Rapid urbanization and industrialization across Asia Pacific is a key driver of the sealant tape market in the region. In addition, rising foreign direct investment in real estate, government infrastructural plans, and ample availability of raw materials, such as, polyurethane and polypropylene in China are the other factors fueling the sealant tape market in Asia Pacific. However, intense competition from bio-based polymer tapes and high cost of sealant tapes are expected to hinder the growth of the sealant tape market during the forecast period. Nevertheless, rising research activities to improve the longevity and performance of sealant tapes is likely to provide lucrative opportunities to the manufacturers in the near future.

Sealant Tape Market: Regional Outlook

In terms of region, the global sealant tape market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific dominates the global sealant tape market primarily due to rapid industrialization and urbanization in countries, such as, China, India, Vietnam, and Indonesia. Various end-user industries, such as, automotive, construction, and wires & cables have been growing in the region due to progress in urbanization and industrialization. This, in turn, is boosting the sealant tape market in Asia Pacific. The sealant tape market in the developed economies, such as, the U.S., Germany, France, etc., is expected to grow at a moderate pace during the forecast period. This can be ascribed to the rapid growth of the packaging and aerospace industry in these countries. The sealant tape market in Latin America and Middle East & Africa is expected to grow significantly in the near future due to rising construction activities and increasing investment by various automakers in Mexico, South Africa, and GCC countries.

Sealant Tape Market: Key Players

Key players operating in the global sealant tape market include 3M Company, Permapack AG, VABATEC, GSSI Sealants Inc., and Pacific Coast Composites.

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
  • Europe
  • 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.

2. Insights and Tools

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.

3. Actionable Results

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?

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Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

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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.

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Sealant Tape Market

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