Global Aerospace Tapes market scope 2024, Forecast To 2033
23 Jan, 2024
The aerospace tapes market has experienced robust growth, increasing from $2.41 billion in 2023 to $2.57 billion in 2024 at a CAGR of 6.4%. This growth in the historic period is attributed to the rise in aircraft production, increased maintenance, repair, and overhaul (MRO) activities, stringent safety standards and regulations, heightened air cargo transport, and the rise in space exploration. Looking ahead to 2028, the market is projected to grow to $3.32 billion at a CAGR of 6.6%, driven by factors such as the rising electrification of aircraft, increasing defense spending, growing global trade, aging aircraft fleets, and rising disposable income. Major trends in this period include smart materials integration, nanotechnology advancements, sustainability and eco-friendly tapes, AI in tape design, and blockchain for traceability.
Global Aerospace Tapes Market Key Driver
The aerospace tape market is witnessing growth with the growing demand for commercial aircraft. The delivery of 611 commercial aircraft by Airbus in 2021 and Boeing's robust fourth-quarter performance underscore the industry's strength. The demand for commercial aircraft necessitates the use of aerospace tapes for various applications. The growing demand for commercial aircraft is driving the aerospace tape market, as indicated by market size values for 2023, 2024, and 2028.
Get A Free Sample Of The Global Aerospace Tapes Market ReportGlobal Aerospace Tapes Market Segments
The global 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
By Geography: The regions covered in the Aerospace Tapes market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
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.
Major Aerospace Tapes Industry Players
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.
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Aerospace Tapes Market Overview
Aerospace tapes refer to tapes used to create optimal surfaces to protect the aircraft composite molding. The aerospace tape is used for bonding, insulation, and sealing of aircraft's sensitive equipment and aircraft structures. These increase the lifespan of an aircraft's infrastructure and equipment and reduce the maintenance cost by protecting against vibrations, corrosion, and fluids.
Aerospace Tapes Global Market Report 2023 provides data on the global aerospace tapes market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The aerospace tapes market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.