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Self-fusing Silicone Tape Market is estimated to remain progressive, and the market is anticipated to register a CAGR of 4.8% over 2019 to 2029

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Self-fusing Silicone Tape Market is estimated to remain progressive, and the market is anticipated to register a CAGR of 4.8% over 2019 to 2029

November 09
19:52 2020
Self-fusing Silicone Tape Market is estimated to remain progressive, and the market is anticipated to register a CAGR of 4.8% over 2019 to 2029

FMI
Demand for Self-fusing Silicone Tape to Rise Due to Growing Opportunities in Electrical and Electronics Industry

Considering self-fusing silicone tapes excellent mechanical profile, it has been making progress in the flexible packaging industry, all over the world. The residue-free and non-adhesive nature of these tapes are moreover promising industrial administrators to bid farewell to regular adhesive-based tapes. Self-fusing silicone tapes makers can attain huge benefits by concentrating on the Asia Pacific market, inferable from the increasing number of infrastructural ventures where these kinds of tapes are most frequently utilized.

The electronics & electrical sector is projected to hold a lion’s share in the worldwide market for self-fusing silicone tape, as far as both, volume and value, and is anticipated to stay the most productive category over the years to come. In addition, the electronics & electrical sector is foreseen to create a noteworthy incremental prospect in the coming years, as these silicone tapes prepared for these end uses offer better protection in correlation with other packaging tapes.

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Rectangular Tapes Emerge as the Best-selling Category

Impacted by their outstanding temperature resistance, rectangular tapes would keep on standing out in the worldwide market in the approaching years. Representing comparatively more noteworthy revenue share, makers have maintained a strong spotlight on this item classification over different tapes. Increasing implementation of rectangular tapes in applications, for example, electrical insulation, corrosion resistance, and automotive wiring harness packaging are further boosting their prominence in different ventures. Whereas the requirement for rectangular tapes is probably going to outperform the estimated mark in the coming years, sinusoidal rectangular tapes and triangular tapes are additionally picking up the consideration of market players.

With China catching a generous lump of market revenue, the East Asia market for self-fusing silicone tape keeps on remaining at the front end. Regardless of a slowdown in sales of automotive as of late, these emerging region is the core of the worldwide consumer electronics sector. Representing an aggregate share of more than 40%, the Europe and North America markets additionally pulling in stakeholders’ investments. In any case, makers are foreseeing beneficial sales prospects in South Asia, attributable to its developing automotive and construction sectors.

Targeting the Telecommunication Sector for Distinct Competitive Edge

Foremost producers are utilizing inventive ways to deal with the development of top-notch self-fusing silicone tapes, incorporating premium quality silicone elastomers and silicone compounding technology. These tapes are getting mainstream in the media telecommunication services sector as durable and cost-efficient repair tapes for pressurized copper lines. The recyclable quality of these telecom tapes further guides in sparing additional costs of new endplates, and, all things considered, are discovering favor with technicians. With an end goal to remain ahead in the race, market participants, in this manner, must tap this opportunistic potential.

With expanding interests in transportation, power generation, and different infrastructural advancement, the electrical sector globally is set to follow an upward direction in the approaching years. This is impacting producers to see the electrical sector as the essential customer of self-fusing silicone tapes. Catching almost 50% of the worldwide requirement, the implementation in the electrical sector will gain revenue estimation around the projected mark in 2029. For potential development roads, market participants are likewise focusing on the aerospace and plumbing industries.

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Table Of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Market Overview

2. Market Overview

    2.1. Market Taxonomy

    2.2. Market Definition 

3. Global Self-fusing Silicone Tape Market Demand and Pricing Analysis

    3.1. Historical Market Value and Volume Analysis, 2014-2018

    3.2. Current and Future Market Value and Volume Projections, 2019-2029

    3.3. Regional Pricing Analysis By Thickness

4. Market Background

    4.1. Global Packaging Market Outlook

    4.2. Macro-Economic Factors

    4.3. Forecast Factors – Relevance & Impact

    4.4. Value Chain

    4.5. Market Dynamics

5. Global Self-fusing Silicone Tape Market Analysis 2014-2018 and Forecast 2019-2029, by Product Type 

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About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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