Global Filament Tapes Market to increase at a significant CAGR of 10.2% during the period 2016-2026 : Industry Analysis & Opportunity Assessment

ResearchMoz added Latest Research Report titled " Filament Tapes Market: Increasing Preference in Automotive and Electronic Industry to Propel the Demand for Filament Tapes over the Forecast Period: Global Industry Analysis & Opportunity Assessment 2016-2026 " to it's Large Report database.

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.

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.

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

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Table Of Content

1. Global Filament Tapes Market - Executive Summary

2. Research Methodology

3. Assumptions and Acronyms Used

4. Global Filament Tapes Market Overview
4.1. Introduction
4.1.1. Global Filament Tapes Market Taxonomy
4.1.2. Global Filament Tapes Market Definition
4.2. Global Filament Tapes Market Size and Forecast
4.2.1. Global Filament Tapes Market Y-o-Y Growth
4.2.2. Global Filament Tapes Market Size
4.3. Global Filament Tapes Market Overview
4.3.1. Value Chain
4.3.2. Profitability Margins
4.3.3. List of Active Participants
4.3.3.1. Raw Material Suppliers
4.3.3.2. Tape Manufacturers
4.3.3.3. Distributors
4.3.4. Filament Tapes Pricing Trends
4.3.5. Filament Tapes Cost Influencing Factors
4.3.6. Factors Influencing Filament Tapes Sales
4.3.6.1. Consumer Income
4.3.6.2. Packaging Industry Growth
4.3.6.3. Spending Patterns
4.3.6.4. Inflation
4.3.6.5. Per Capita GDP

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