Global Seam Sealing Tapes market, which is slated to accrue revenue worth 321.6 (USD Million) by 2026, is set to record the CAGR of nearly 7.2% over the period from 2020 to 2026.
Seam Sealing Tapes Market
The global Seam Sealing Tapes market, which is slated to accrue revenue worth 321.6 (USD Million) by 2026, is set to record the CAGR of nearly 7.2% over the period from 2020 to 2026. The report offers assessment and analysis of the Seam Sealing Tapes market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million).
Seam sealing tapes are applied to sewn seams to avoid water leaking of water from the seams. These tapes are put via hot air taping equipment and has myriad Backing Material s in footwear, waders, tents, military garments, and work wear.
Market Growth Dynamics
The rampant expansion of sports & outdoor apparel sector due to escalating health awareness among the end-users and a prominent surge in the fitness activities will embellish the growth of the market over the ensuing years. Apart from this, surge in the need for protective clothing & accessories like chemical protection fabrics, military clothes, and medical or surgical garments will proliferate the market expansion over the coming years.
Furthermore, thriving textile & garment sectors will contribute notably towards the overall market growth during the forecast timeline. In addition to this, large-scale advantages provided by multi-layered seam sealing tapes due to excellent waterproofing features of the product coupled with outstanding adhesive characteristic will prop up the demand for seam sealing tapes in the near future. Rise in the acceptance of multi-layered seam sealing tapes and increase in the style patterns in fashion sector along with thriving material industry will make lucrative contributions toward the market size within the next couple of years.
Asia Pacific Market To Record Highest Growth Rate Over 2020-2026
The growth of the market in the Asia Pacific during forecast timespan is owing to thriving textile sector in the countries like Indonesia, India, Bangladesh, Vietnam, and China. In addition to this, low labor charges, a huge export of clothes, and easy access to raw materials will prop up the growth of the business in the region over the foreseeable future.
Key players influencing the market growth are Sealon, San Chemicals, Essentra, Bemis Associates, Loxy AS, Himel Corp., Toray Industries, DingZing, Gerlinger Industries, and Adhesive Films.
The global seam sealing tapes market is segmented as follows:
By backing material
The rampant expansion of sports & outdoor apparel sector due to escalating health awareness among the end-users and a prominent surge in the fitness activities will embellish the growth of the market over the ensuing years.
The CAGR of the industry is expected to be nearly 7.2% during the forecast timeline.
Asia Pacific will contribute remarkably towards the global market share over the estimated timeline.
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