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Aluminum Foil Tape Market - Present Scenario and the Growth Prospects with Forecast 2027

12-20-2017 10:40 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

/ PR Agency: Future Market Insights
Aluminum foil tape is engineered with an aggressive, pressure sensitive and long-lasting adhesive that demonstrates superior bonding when exposed to both subzero and elevated temperature. Aluminum foil tape offers wide range of adhesive to suit the need of electronic industry, refrigeration and is also suited for shielding and wrapping pipes. Aluminum foil tape is ideal for application such as insulation and duct sealing in heating, ventilation and air conditioning market and electromagnetic protection in the electronic industry. Aluminum foil tape resists flames, temperatures extremes, high humidity, and exposure to UV rays and chemicals. It is expected that the global aluminum foil tape market would gain significant market share in near future. The factor can be majorly attributed to growing demand for HVAC system in commercial as well as the residential area. Aluminum foil tape is ideal for HVAC system and electromagnetic protection in the electric industry. Aluminum foil tape is designed to cover all key application areas of high-temperature resistance and electrical and thermal conductivity are required.

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Global Aluminum Foil Tape Market: Dynamics

The aluminum foil tape market is expected to experience a healthy growth over the forecast period primarily due to the rising demand of rising temperature resistance material. Silvery color aluminum foil tape are use in strapping the outer pipe and provide shield from light refection and thermal insulation. These aluminum foil tape are cost effective, have strong tenacity and are also convenient to use. Aluminum foil tapes are malleable, conductive and have rugged characteristics, and these are the factors that drive the demand in the aluminum foil tape market. However, competition form of adhesives and availability of alternative tapes at low cost can act as restraining factors in the aluminum foil tape market.

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Global Aluminum Foil Tape Market: Segmentation

The Global aluminum foil tape market is segmented based on application, end use, and region. On the basis of application global aluminum foil tape can be segmented into sealing, shielding, grounding and temperature resistance. On the basis of end use global aluminum foil tape market can be segmented into HVAC, aerospace, appliance, electronic and automotive industry marine industries and others. Aluminum foil tape market is ideal for HVAC system. On the basis of region global aluminum foil tape market can be segmented into North America, Latin America, Europe, Asia Pacific and Middle East and Africa. The global aluminum foil tape market is estimated to gain substantial market share in near future owing to increasing demand for temperature resistance application.

Global Aluminum Foil Tape Market: Regional Overview

North America is expected to gain high market share in aluminum foil tape market owing to increasing application of aluminum foil tape due to increasing industrialization and modernization. Europe is a major market of global aluminum foil tape both in term of demand and manufacturing followed by North America. Further, Asia pacific is expected to witness high growth in the aluminum foil tape market primarily driven by increasing manufacturing activities as well as expanding consumer base in the developing countries like China and India. MEA and Latin America are expected to witness moderate growth over 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

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