Press release
Reinforced Foil Tapes Market | Top Key Players - Avery Dennison Corp., 3M Company, DuPont, Henkel Ag and Company, Brady Corporation, Alco Technologies, Dow Corning, CGS Technologies Inc., Leader Tech Inc
Reinforced Foil Tapes Market
Demand for high strength tapes in workplaces of extreme temperature condition is anticipated to drive the global reinforced foil tapes market in the upcoming years. These tapes possess qualities same as that of aluminum, are highly sustainable, and boast of properties like robust thermal conductivity, chemical and moisture resistance, and weather and flame resistance.
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This report provides an exhaustive account of the industry including:
o Reinforced foil tapes market size, historical from 2015 to 2019 and annual forecast from 2020 to 2026.
o Major reinforced foil tapes industry trends, technology evolutions, economic indicators and business challenges.
o Regulatory and geopolitical trends impacting the industry.
o Business drivers and pitfalls impacting key regional markets.
o Competitive landscape of the industry and detailed profiles on the major companies.
The overall reinforced foil tapes market is fragmented into sealing, holding and strapping application segments. Of these, the holding segment is accounted to accrue considerable gains over the forecast period owing to the product's ability to offer proper adhesion and holding together two or more elements across various industrial applications.
Some of the prominent companies operating in the global reinforced foil tapes market include:
-Avery Dennison Corp.
-3M Company
-DuPont
-Henkel Ag and Company
-Brady Corporation
-Alco Technologies
-Dow Corning
-CGS Technologies Inc.
-Leader Tech Inc.
Construction is set to emerge as a lucrative growth segment for the overall reinforced foil tapes market in the upcoming years after aerospace and marine industries. Across the construction industry, foil tape has found abundant use in the reinforcement of fiberglass and thermal insulation of mineral-wood. Also, on account of the its adhesive excellence, foil tape can also help fix metal gutters and offer assistance in roof repairs.
In geographical terms, Latin America is forecast to garner noteworthy gains across the reinforced foil tapes market in the near future, owing to the potentially expanding construction industry and ongoing investment in the transport and logistics industry. According to estimates, the construction industry in Latin America, led by Mexico, Chile, Peru, and Brazil, witnessed a rise of 1.1 per cent in 2019, and is likely to grow at a CAGR of 2.6 per cent over 2020-2023, favoring the growth of reinforced foil tapes industry across the region.
In addition to this, the expansion of transport and logistics industry in the region will help drive LATAM reinforced foil tape market outlook during the projected timeframe.
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