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Aircraft Pressure-sensitive Tape Market to Reach $354.7 Million in 2024, Says Stratview Research
Pressure-sensitive tape is an adhesive tape that sticks to the surface when pressure is applied. Pressure-sensitive adhesive tape comes in all shapes and sizes, with varying degrees of stickiness. For the aerospace industry, specialty pressure-sensitive tapes are used for fastening, mounting, bonding, sealing, and covering/masking a section of surface that is not to be painted or coated. Pressure-sensitive tape consists of two important materials: adhesive and backing material. It has a wide array of usage in different applications in the aerospace industry.
As per Stratview Research, . Several factors are directly or indirectly bolstering the demand for pressure-sensitive tape in the aerospace industry in which the biggest growth driver is the organic growth of the aircraft industry coupled with an increased demand for high-performance pressure-sensitive tape.
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The research's findings suggest that . Stratview estimates and OEMs' announcements suggest that the production of aircraft will continue to increase as both Boeing and Airbus are enjoying a huge pile of order backlogs and have been increasing the production rates of their key programs (B767, B787, A320, and A350XWB). They are also developing fuel-efficient aircraft platforms (A320neo, B777x, and A330neo) to address the grave concern of airlines. Apart from these above-mentioned factors, market entry of COMAC and Irkut in the commercial aircraft segment further substantiates the growth potential of pressure-sensitive tapes in the commercial aircraft segment.
Based on the tape type, . Improved performance characteristics of tapes will continue to drive the specialty pressure-sensitive tape market in years to come. Specialty pressure-sensitive tapes are replacing traditional methods of fastening, which leads to saving time, money, and weight.
In terms of backing material type, the market for aircraft pressure-sensitive tape is segmented into fiberglass, PET, PP, and others. . Fiberglass backing material offers good heat resistance, flame retardancy, and thermosetting properties, key properties assuring the dominance of fiberglass backing material in the aircraft pressure-sensitive tape market.
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As per the study, . All the major pressure-sensitive tape suppliers have their presence in the region to address the emergent needs of the OEMs in order to become the partner for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs. However, Commercial aircraft is the growth engine of the European market for aerospace pressure-sensitive tapes, largely driven by the A320 and A350 XWB aircraft programs.
. Development of high-performance pressure-sensitive tapes and expansion in untapped and growing markets are the key strategies adopted by the major players to gain a competitive edge in the market.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies pressure-sensitive tape market in the global aerospace industry and has segmented the market in six ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the six ways in which the market is segmented:
Aircraft Flame-Retardant Films Market Composite Surfacing Films Market
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