openPR Logo
Press release

Filament Tapes Market - Global Industry Analysis & Opportunity Assessment 2017-2026

09-18-2017 08:48 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Filament Tapes Market - Global Industry Analysis & Opportunity

Automotive end use segment is expected to dominate the global filament tapes market over the forecast period

The automotive end use segment is projected to be the most attractive segment for filament tapes manufacturers across the globe. The automotive segment of the global filament tapes market accounted for more than 15% revenue share in 2015 and is expected to experience a gain of more than 500 basis points in its market share by 2026 over 2016. The revenue contribution of the automotive segment is expected to increase at a significant CAGR of 10.2% during the forecast period. The automotive segment was estimated to be valued at more than US$ 500 Mn by the end of 2016 and is forecast to reach more than US$ 1,000 Mn by the end of 2026. This segment is expected to create total incremental opportunity close to US$ 900 Mn between 2016 and 2026.

Fill the form for an exclusive sample of this report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2852

High tensile strength and ability to leave less residue on metal surfaces is likely to boost the use of filament tapes in the automotive segment

In the automotive industry, filament tapes are largely used for interior and exterior applications particularly during wielding and painting, due to their high tensile strength and ability to leave less residue on metal surfaces. These attributes of filament tapes are one of the primary factors expected to fuel demand for filament tapes in various applications in the automotive sector. Another factor driving the growth of filament tapes in the automotive segment is that high-performance filament tapes are used as a damping material. In a bid to reduce noise from engines, brakes and another vehicle systems, the automotive industry is utilising advanced elastomers and thermoplastic vinyl as vibration damping materials.

Filament tapes help maintain the material in place without hampering their functionality. Moreover, filament tapes effectively laminate and bond multi-layered material such as shims, which is used to control vibration and improve the function of brake assemblies. The above properties related to filament tapes make it a preferred choice among automobile OEMs. Governments across the globe are developing regulations for manufacturers of filament tapes including manufacturers in the automotive industry to adopt eco-friendly manufacturing processes and to provide a product that is less harmful to the environment. The introduction of biodegradable pressure sensitive adhesives in the labels and tapes industry has motivated automotive manufacturers to utilise eco-friendly adhesives in filament tapes. This is expected to boost the demand for filament tapes in the automotive segment in future.

Browse Market Research Report @ https://www.futuremarketinsights.com/reports/filament-tapes-market

Automotive is projected to be a highly attractive end-use segment during the forecast period in major regional markets across the globe

The automotive segment in North America region was valued at more than US$ 100 Mn in 2015 and is projected to expand at a significant CAGR of 10.0% during the forecast period. The segment is likely to create incremental opportunity of more than US$ 100 Mn from 2016 to 2026. In Latin America, the automotive segment is projected to be a highly attractive end-use segment during the forecast period. In Latin America, the automotive segment was valued at more than US$ 20 Mn in 2015 and is projected to expand at a significant CAGR of 8.8% during the forecast period. The segment is anticipated to create incremental opportunity of more than US$ 30 Mn from 2016 to 2026. The automotive end-use segment is highly lucrative in Western Europe, recording a significant CAGR of 10.7 % during the forecast period, while in Eastern Europe the automotive segment is likely to register a high Y-o-Y growth in terms of value by 2024. In APEJ, the segment was valued at more than US$ 30 Mn in 2015 and is estimated to expand at a significant CAGR of 7.6% during the forecast period.

About FMI

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

Contact FMI

3rd Floor, 207 Regent Street,
London W1B 3HH
United Kingdom
T: + 44 (0) 20 7692 8790
D: +44 (0) 20 3287 4268
Email:sales@futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Filament Tapes Market - Global Industry Analysis & Opportunity Assessment 2017-2026 here

News-ID: 721752 • Views:

More Releases from Future Market Insights

Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Million by 2032
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolstered by a Robust 7.1% CAGR from 2022
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 with a 4.8% CAGR
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute

All 5 Releases


More Releases for CAGR

Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn. Predictive analytics is segmented into: Risk management:
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population. ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and