Adhesive Tapes Market: Silicone-based Products Largely becoming Preferred Product Variety, TMR

The global adhesive tapes market features a partly fragmented competitive landscape, with over 1800 suppliers participating but the top 10 vendors accounting for over 50% of the overall market in 2015, observes Transparency Market Research (TMR) in a recent report. The market is largely fragmented in countries such as Italy and China owing to the presence of a large number of small- and medium-sized vendors catering to domestic demand. The company 3M dominates the global market with a 14.3% in 2015; company’s vast number of manufacturing units spanning around 60 global venues have allowed it to grab such as significant portion of the pie in the extremely competitive market.

Transparency Market Research states that the global adhesive tapes market will exhibit a promising 6.8% CAGR from 2016 and 2024, rising to a valuation of US$92.36 bn by 2024 from a valuation of US$51.54 bn in 2015.

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Preference Rapidly Shifting toward Silicone-based, Pressure-sensitive Adhesive Tapes

In terms of composition of adhesive tapes, the market is presently dominated by taped made from acrylic. The segment accounted for a massive share in the market in 2015 in terms of both revenue as well as volume and is expected to retain dominance throughout the forecast period of the report. The segment of silicone-based adhesive tapes, however, is also increasingly gaining traction owing to the several performance benefits of these tapes over conventional organic adhesives. These advantages include resistance to chemicals, low surface energy, better performance at extreme temperatures, and resistance to UV radiations and chemicals.

From a geographical perspective, the market for adhesive tapes in Asia Pacific accounted for a massive 48% of the global market, more than the share of North America and Europe markets combined in the same year. The region is expected to retain dominance over the next few years as well, benefiting from the booming manufacturing, automotive, and industrial sectors in countries such as India and China.

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Healthy Demand from Automotive Industry Key to Growth

The rising global demand for the development of lighter vehicles as a way of gaining excellent fuel efficiency has led to the increased replacement of metal parts such as bolts, screws, and rivets with strong adhesive tapes. This trend has played a key role in the increased consumption of adhesive tapes across the automotive industry in the past few years and is expected to remain a key driving force for the global adhesive tapes market in the years to come as well. The trend of miniaturization in the field of electronic devices is also expected to emerge as a key driving force for the global adhesive tapes market in the next few years.

Regulations banning use of Restricted Chemicals to Restrain Growth Prospects

The growth prospects of the global adhesive tapes market are expected to be restricted to a certain extent owing to the stringent regulations that ban the use of certain varieties of restricted chemicals such as volatile organic compounds. Such restrictions are mostly affecting the overall global demand especially for the product variety of conventional pressure-sensitive adhesive tapes. Such tapes find extensive usage across manufacturing and product design sectors and are one of the most popular product varieties of present times. Limitations on the use of these tapes could lead to significant loss in revenue for companies associated with these product varieties.

Oil and Gas Pipeline Leak Detection Equipment Market Driven by Stringent Government Regulations

Although renewable resources of energy have gained substantial popularity in the recent past, there is no foreseeable limitation to the escalating demand for oil and gas, with the growing population and rapid urbanization. Consequently, the demand in the global market for oil and gas pipeline leak detection equipment is projected for a robust CAGR of 6.8% during the forecast period of 2016 to 2024, according to a recent report by Transparency Market Research (TMR). As per the estimations of the TMR report, the global oil and gas pipeline leak detection equipment market will be worth US$3.65 bn by the end of 2024, significantly up from its evaluated valuation of US$2.02 bn in 2015. Some of the key factors augmenting the demand in the oil and gas pipeline leak detection equipment market are: development and expansion of existing pipelines and construction of new pipelines, increasing incidents of oil and gas leakages in pipeline and storage tanks at production facilities, and

Welding Products Market Growth in Wind Power Sector to Create Opportunities, TMR

The global welding products market is moderately fragmented with the key players such as Lincoln Electric, ESAB, and ITW leading in the market. These three players accounted for a collective share of 30% in 2013, states a new report by Transparency Market Research (TMR). This market is capital intensive and thus, local vendors find it difficult to compete with the larger players. Local players are unable to compete with large players on the basis of quality, services, functionalities, and features. Thus, these small players are entering into the market by introducing products that are low in price. Some of the players operating in the welding products market are: Voestalpine AG, Sonics & Materials Inc., Fronius International GmbH, Rofin-Sinar Technologies Inc., Arcon Welding, Bohler, Panasonic, Daihen Corp, and OBARA Co. In order to increase their production capacities and focus on innovations, companies are adopting the strategy of merging or acquiring other players. Acco

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @ http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi

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