The market research report, entitled AIrcraft Tapes shows good possibilities in the AIrcraft Tapes market during the next five-year period and ensures more information regarding market trends. The following summary will give an overview of the drivers, challenges and key players in the market.
Global AIrcraft Tapes Market Forecast:
The global AIrcraft Tapes market is forecasted to grow at a rate of xx% CAGR during the period of 2021-2026. AIrcraft Tapes Market will be experiencing an escalation in demand attributed to the growing usage of AIrcraft Tapes in the market. The AIrcraft Tapes market growth depends upon numerous factors which have direct or indirect impact on the demand. Our report has the summary of such factors derived using SWOT, PEST, industry life cycle and supply chain analysis. These methods help in analysing the strength of the companies and identify gaps as well as opportunities to lay out a successful roadmap which leads to higher profitability.
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Impact of COVID-19 on AIrcraft Tapes Market
As the world grapples with one of its greatest health pandemic, the economic and social disruption has affected millions of enterprises. The revenues have gone down in the year 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition. Stratview Research throws light on in-depth insights related to rapid alterations in the key players in each industry, growth and decline due to COVID-19, etc. The researchers at Stratview Research are regularly connecting with the clients and other key players of almost all the industries, regarding the impact of COVID-19 on their businesses.
Key Players involve in this research are:
The 3M Company,
Nitto Denko Corporation,
Avery Dennison Corporation,
Scapa Group plc,
Intertape Polymer Group,
Compagnie de Saint-Gobain S.A.,
Berry Global Inc.,
Advance Tapes International Ltd.,
DeWAL Industries, Inc.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Aircraft Tapes Market value and growth drivers over the trend period of 2021-26. According to the report –
Aircraft Tapes Market is likely to witness a CAGR of 4.7% during the forecast period. The prime factors that are driving the aircraft tapes market are increasing demand for lightweight and fuel-efficient aircraft, rising passenger traffic leading to increasing demand for commercial aircraft, replacement of old/aging aircraft, and upgradation and modernization of existing aircraft.
Based on Resin Type:
Based on the resin type, the market is segmented as acrylic, rubber, silicone, and others. The acrylic-based tape held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. Acrylic-based tapes are firmer and more durable, further it offers excellent properties such as fast-curing time; excellent resistance to oxidation, temperature, and UV radiation; color stability; exceptional anti-aging properties; excellent water resistance; and good balance of adhesion and cohesion. Acrylic-based tapes are majorly used in aircraft interior applications.
Based on Region:
In terms of regions, North America is estimated to be the largest market for aircraft tapes during the forecast period. The USA is the manufacturing hub of the aerospace industry with presence of a large number of OEMs, tier players, aircraft tape suppliers, distributors, and airlines. Asia-Pacific is expected to remain the fastest-growing market for aircraft tapes during the forecast period, driven by the opening of assembly plants from Boeing and Airbus in China, upcoming indigenous aircraft programs (C919 and Mitsubishi MRJ), increasing defense budget of emerging economies such as China and India, and increasing aircraft fleet size.
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What you can explore with this report-Analyse and forecast the size of AIrcraft Tapes Industry market. Estimate the market shares of major segments. Showcase the development of the AIrcraft Tapes Industry market in different parts of the world. Know the details about the factors affecting the growth of the AIrcraft Tapes market by Country and Individual Segments. Know about different and crucial business strategies used by leading companies operating in the AIrcraft Tapes market.
Customization of the Report:
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What we do:
Stratview Research is one of the leading global Market Research agencies helping client’s tract the ever-evolving market scenarios through our customized and syndicated reports. Our reports include both quantitative and qualitative market data, gathered with the help of our across-the-board and reliable secondary sources and our in-depth interviews with the key players within the market. Our market valuations, derived from primary and secondary research, keep our clients informed about major market trends, opportunities, and challenges that may help or hamper their growth prospects in the industry