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.

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An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a

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Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @ http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry Had

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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