Filament Tapes Market

Filament Tapes Market: Increasing Preference in Automotive and Electronic Industry to Propel the Demand for Filament Tapes over the Forecast Period: Global Industry Analysis & Opportunity Assessment 2016-2026

  • 2017-02-03
  • REP-GB-2852
  • 272 pages
  • PDF PPT EXCEL
Filament Tapes Market

An Incisive, In-depth Analysis on the Filament Tapes Market

This study offers a comprehensive, 360 degree analysis on the Filament Tapes market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Filament Tapes market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Automotive end use segment is expected to dominate the global filament tapes market over the forecast period

The automotive end use segment is projected to be the most attractive segment for filament tapes manufacturers across the globe. The automotive segment of the global filament tapes market accounted for more than 15% revenue share in 2015 and is expected to experience a gain of more than 500 basis points in its market share by 2026 over 2016. The revenue contribution of the automotive segment is expected to increase at a significant CAGR of 10.2% during the forecast period. The automotive segment was estimated to be valued at more than US$ 500 Mn by the end of 2016 and is forecast to reach more than US$ 1,000 Mn by the end of 2026. This segment is expected to create total incremental opportunity close to US$ 900 Mn between 2016 and 2026.

High tensile strength and ability to leave less residue on metal surfaces is likely to boost the use of filament tapes in the automotive segment

In the automotive industry, filament tapes are largely used for interior and exterior applications particularly during wielding and painting, due to their high tensile strength and ability to leave less residue on metal surfaces. These attributes of filament tapes are one of the primary factors expected to fuel demand for filament tapes in various applications in the automotive sector. Another factor driving the growth of filament tapes in the automotive segment is that high-performance filament tapes are used as a damping material. In a bid to reduce noise from engines, brakes and another vehicle systems, the automotive industry is utilising advanced elastomers and thermoplastic vinyl as vibration damping materials. Filament tapes help maintain the material in place without hampering their functionality. Moreover, filament tapes effectively laminate and bond multi-layered material such as shims, which is used to control vibration and improve the function of brake assemblies. The above properties related to filament tapes make it a preferred choice among automobile OEMs. Governments across the globe are developing regulations for manufacturers of filament tapes including manufacturers in the automotive industry to adopt eco-friendly manufacturing processes and to provide a product that is less harmful to the environment. The introduction of biodegradable pressure sensitive adhesives in the labels and tapes industry has motivated automotive manufacturers to utilise eco-friendly adhesives in filament tapes. This is expected to boost the demand for filament tapes in the automotive segment in future.

filament tapes market_image for preview analysis

Automotive is projected to be a highly attractive end-use segment during the forecast period in major regional markets across the globe

The automotive segment in North America region was valued at more than US$ 100 Mn in 2015 and is projected to expand at a significant CAGR of 10.0% during the forecast period. The segment is likely to create incremental opportunity of more than US$ 100 Mn from 2016 to 2026. In Latin America, the automotive segment is projected to be a highly attractive end-use segment during the forecast period. In Latin America, the automotive segment was valued at more than US$ 20 Mn in 2015 and is projected to expand at a significant CAGR of 8.8% during the forecast period. The segment is anticipated to create incremental opportunity of more than US$ 30 Mn from 2016 to 2026. The automotive end-use segment is highly lucrative in Western Europe, recording a significant CAGR of 10.7 % during the forecast period, while in Eastern Europe the automotive segment is likely to register a high Y-o-Y growth in terms of value by 2024. In APEJ, the segment was valued at more than US$ 30 Mn in 2015 and is estimated to expand at a significant CAGR of 7.6% during the forecast period.

In a newly published report titled “Filament Tapes Market: Global Industry Analysis & Opportunity Assessment 2016-2026,” Future Market Insights provides a comprehensive forecast and analysis of the filament tapes market at both global and regional levels. Through extensive research, our analysts have studied how the different market dynamics are likely to impact the current and future scenario of the global filament tapes market, thereby providing useful insights to market players to plan their differentiating strategies capable of evolving with the changing market landscape. We have analysed the key trends, drivers, restraints and opportunities and included an impact analysis of key growth drivers and restraints based on the weighted average model to better equip and arm clients with crystal-clear decision-making insights. This report provides historical data of 2015 along with market forecast from 2016 to 2026 in terms of revenue (US$ Mn) and volume (Mn Sq.m). The report also includes macroeconomic indicators along with an outlook on packaging consumption across the globe. The report comprises the study of current issues with end users and opportunities for filament tapes manufacturers. It also includes detailed pricing analysis by filament type and value chain analysis.

The report further indicates the segment wise performance of the market along with its overall scenario during the assessment period. The publication focusses on identifying opportunities in the market and present updates and insights pertaining to the various segments of the global filament tapes market. Inflation rate has not been considered to arrive at market revenue at subsequent levels of market segmentation. Weighted average prices in US$/Sq.m have been considered for filament tapes to arrive at market size numbers. While researching this report, market splits have been deduced based on primary and secondary research. The prices of filament tapes have been tracked at the wholesaler level after conversion through trade websites and through primary interviews.

Report description

In order to provide a comprehensive view of the global filament tapes market, we have included a detailed competitiveness analysis and information on company players with unique selling propositions. This dashboard provides a detailed comparison of filament tapes manufacturers based on parameters such as operating margins, unique selling propositions, collective market share, and geographic concentration. The study also encompasses market attractiveness analysis of various segments of the global filament tapes market.

The report includes information on the consumption of filament tapes and the revenue generated from the sales of filament tapes in all regions and major countries within these regions. Growth in industrial packaging, pressure sensitive tapes, per capita income, purchasing power parity, GDP growth, global consumer flexible plastic packaging are some of the factors that have been closely studied by our analysts to arrive at an in-depth market forecast. Apart from value chain analysis, profitability margins and cost influencing factors, pricing trends and factors influencing the sales of filament tapes have also been included in the report. 

Global filament tapes market segmentation

By Filament Type

By Backing Adhesive Type

 

By Adhesive Type

 

By Width

By Application

By End-use

By Region

  • Single Sided Tapes

  • Double Sided Tapes

  • Plastic Film

    • Polypropylene (PP)

    • Polyvinyl Chloride (PVC)

    • Polyethylene (PE)

    • Polyester (PS)

    • Others

  • Paper

  • Fabric

  • Foam

  • Rubber Based

    • Natural Rubber

    • Synthetic Rubber

  • Acrylic Based

  • Hot Melt Adhesive

  • 12mm

  • 18mm

  • 24mm

  • 36mm

  • 48mm

  • 72mm

  • 96mm

 

  • Bundling

  • Strapping

  • Insulation

  • Carton Sealing

  • Sealing

  • Others

  • Shipping & Logistics

  • Building & Construction

  • Food & Beverages

  • Electrical Electronics

  • Automotive

  • Healthcare & Hygiene

  • Printing

  • Metalworking

  • Oil & Gas

  • General Industrial

  • Consumer Goods

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • APEJ

  • Japan

  • MEA

Our research methodology

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, World Bank, Packaging Digest, and Hoover’s. Companies’ annual reports and publications were also examined while researching this market. The market numbers have been estimated based on average consumption and weighted average pricing of filament tapes by filament type and the revenue is derived through regional pricing trends. Market size and forecast for each segment has been provided in the context of global and regional markets. The global filament tapes market has been analysed based on expected demand for filament tapes across the world. Prices considered for the calculation of revenue are average regional prices obtained through primary quotes from numerous regional filament tapes manufacturers, suppliers, and distributors.

All key end users have been considered and potential applications have been estimated on the basis of secondary sources and feedback from primary respondents. Regional demand patterns have been considered while estimating the market for various end users of filament tapes in different regions. Top-down approach has been used to estimate the global filament tapes market by regions. Market numbers for segments have been derived using the bottom-up approach, which is cumulative of the demand from different regions. Company-level market share has been derived on the basis of revenues reported by key manufacturers.

Filament Tapes Market Reports - Table of Contents

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Akshay Godge

Akshay Godge

Client Partner - Global Business Development

Pranay Mhaisekar

Pranay Mhaisekar

Business Development

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