Filament Tapes Market - Global Industry Analysis & Opportunity Assessment 2017-2026
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.
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.
3rd Floor, 207 Regent Street,
London W1B 3HH
T: + 44 (0) 20 7692 8790
D: +44 (0) 20 3287 4268
This release was published on openPR.
Permanent link to this press release:
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: 229
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for CAGR
Wireless Charging Industry Climbing Towards CAGR 45.5%
According to a recent report published by Allied Market Research, titled, Global Wireless Charging Market by Technology and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025, The global wireless charging market was valued at $5,220.0 million in 2017, and is projected to reach $71,213.0 million by 2025, registering a CAGR of 38.7% from 2018 to 2025. At present, Asia-Pacific dominates the market, followed by North America. In 2017, the U.S.
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Biogas Market CAGR to Grow at 6.5%
Global demand for biogas has witnessed a spike in demand, owing to mounting concerns over depleting fossil reserves and environmental impact of conventional fuels. According to Future Market Insights, global biogas market revenues totalled nearly US$ 24.5 Bn in 2015. During the forecast period 2016-2026, global biogas revenues are estimated to reach US$ 48, 761.2 million, growing at a steady 6.5% CAGR. Between 2016 and 2026, the global biogas revenues
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020
Biofertilizers Market witnessing a CAGR of 13.3%
Reports And Markets Publish a New Market Research Report On –"Biofertilizers Market - By Microorganism, Application and Geography - Trends and Forecasts (2016 -2021)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071907-global-biofertilizers-market-by-microorganism-application-forecasts-2016-2021 Market Insights The global biofertilizers market, estimated at USD 590.9 million in 2015, is projected to reach USD 1.23 billion by 2021, witnessing a CAGR of 13.3% during the forecast period. The biofertilizers market is highly fragmented, with many small