Self-Fusing Silicone Tape Market Trends, Top Companies, Share, Growth and Forecast 2023-2030

According to RationalStat, the global self-fusing silicone tape market size is set to grow from US$ 720.6 million in 2023 and is anticipated to reach US$ 1,021.8 million by 2030, rising at a CAGR of 5.1% over the forecast period of 2023 and 2030.

Market Definition, Market Scope, and Report Overview

Self-fusing silicone tape is extremely versatile and can be used for a variety of purposes. It sticks to itself, forming a strong, impermeable seal. Because of its adaptability, it can be employed in a variety of industries, including electrical, plumbing, automotive, and construction. Self-fusing silicone tape is simple to apply and does not require any special tools or expertise. It is simple to stretch and wrap around items or surfaces, making it an ideal alternative for quick repairs and fixes.
• According to a deep-dive market assessment by RationalStat, the global self-fusing silicone tape market has been analyzed on the basis of market segments, including on thickness, product type, end use, and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
• Market intelligence for the global self-fusing silicone tape market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
• In addition, the long-term sector and products/services 10-year outlook and its implications on the global self-fusing silicone tape market. It also includes the industry's current state - Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Self-Fusing Silicone Tape Market: Segmental and Market Share Analysis
• On the basis of thickness, the 0.51mm to 0.75mm segment is expected to remain the market leader and grow at a CAGR of 4.8% over the forecast period.
• On the basis of product type, in 2022, rectangular tape is expected to account for 40% of the market. The reasons for this include durability, strength, water resistance, and others.
• On the basis of end-use, the electrical and electronics area is thought to be the most profitable in the end use category. It is expected to account for 33% of the total market share in 2022.
Report Synopsis
Report Metrics Details
Base Year 2022
Forecast Period 2022-2030
Base Year Market Size US$ 720.6 million
Market Size Forecast US$ 1,021.8 million
Growth Rate 5.1%
Key Market Drivers
• Growing Infrastructure Projects
• Increasing Consumer Awareness towards the Benefits of Tape
Companies Profiled
• 3M
• Advance Tapes International
• Berry Global Inc.
• NITTO DENKO CORPORATION
• Scapa Group plc
• Illinois Tool Works Inc
• AVERY DENNISON CORPORATION
• Denka Company Limited
• Midsun Specialty Products, Inc
• Cardinal Health

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Competition Analysis and Market Structure

These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global self-fusing silicone tape market include,
• In January 2022, Tesa SE announced its plan to start a new plant in Haiphong, Vietnam with a production capacity of 40 million square meters of adhesive tapes per year.
• In April 2021, 3M introduced a new silicone adhesive that aids in the improvement of medical equipment meant for people with sensitive skin.

Some of the prominent players and suppliers operating and contributing significantly to the global self-fusing silicone tape market growth include 3M, Advance Tapes International, Berry Global Inc., NITTO DENKO CORPORATION, Scapa Group plc, Illinois Tool Works Inc, AVERY DENNISON CORPORATION, Denka Company Limited, Midsun Specialty Products, Inc, and Cardinal Health, among others.

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RationalStat has segmented the global self-fusing silicone tape market based on thickness, product type, end use, and region
• Global Self-Fusing Silicone Tape Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Thickness
o Up to 0.25mm
o 0.26mm to 0.50mm
o 0.51mm to 0.75mm
o Above 0.75mm
• Global Self-Fusing Silicone Tape Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Product Type
o Rectangular Tapes
o Triangular Tapes
o Sinusoidal Rectangular Tapes
• Global Self-Fusing Silicone Tape Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by End Use
o Electrical and Electronics
o Plumbing
o Automotive
o Industrial
o Aerospace
o Home & Garden
o Others
• Global Self-Fusing Silicone Tape Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
o North America Self-Fusing Silicone Tape Market
 US
 Canada
o Latin America Self-Fusing Silicone Tape Market
 Brazil
 Mexico
 Rest of Latin America
o Western Europe Self-Fusing Silicone Tape Market
 Germany
 UK
 France
 Spain
 Italy
 Benelux
 Nordic
 Rest of Western Europe
o Eastern Europe Self-Fusing Silicone Tape Market
 Russia
 Poland
 Hungary
 Other CIS Countries
 Rest of Eastern Europe
o Asia Pacific Self-Fusing Silicone Tape Market
 China
 Japan
 India
 South Korea
 Australia
 ASEAN
• Indonesia
• Thailand
• Philippines
• Vietnam
• Malaysia
• Rest of ASEAN
 Rest of Asia Pacific
o Middle East & Africa Self-Fusing Silicone Tape Market
 GCC
• Saudi Arabia (KSA)
• United Arab Emirates (UAE)
• Rest of the GCC
 South Africa
 Nigeria
 Turkey
 Rest of the Middle East & Africa

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Key Questions Answered in the Self-Fusing Silicone Tape Report:
• What will be the market value of the global self-fusing silicone tape market by 2030?
• What is the market size of the global self-fusing silicone tape market?
• What are the market drivers of the global self-fusing silicone tape market?
• What are the key trends in the global self-fusing silicone tape market?
• Which is the leading region in the global self-fusing silicone tape market?
• What are the major companies operating in the global self-fusing silicone tape market?
• What are the market shares by key segments in the global self-fusing silicone tape market?

Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts' viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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RationalStat LLC
Kimberly Shaw,
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RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client's needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.

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