Rectangular Tapes Account for 40% Share
Influenced by their excellent temperature resistance, rectangular tapes will continue to lead the pack in the global self-fusing silicone tape market over the next decade. Accounting for relatively greater revenue share, manufacturers have kept a strong focus on this product category over other tapes.
Rising adoption of rectangular tapes in applications such as corrosion resistance, electrical insulation, and bundling of automotive wiring harnesses are further boosting their prominence in various industries. While the demand for rectangular tapes is likely to surpass US$ 300 Mn by 2022, triangular tapes and sinusoidal rectangular tapes are also gaining the attention of market players.
East Asia - The Market Hub for Self-fusing Silicone Tapes
With China capturing a substantial chunk of market revenue, the self-fusing silicone tape market in East Asia continues to stay at the forefront. Despite a slowdown in automotive sales in recent years, this developing region is the heart of the global consumer electronics industry.
Accounting for a collective share of over 40%, the markets in North America and Europe also attracting stakeholders’ investments. However, manufacturers are observing worthwhile sales opportunities in South Asia, owing to its growing construction and automotive sectors.
Exploring Telecommunication Industry to Gain Competitiveness
Leading manufacturers are leveraging innovative approaches to develop high-quality self-fusing silicone tapes, including silicone compounding technology and premium quality silicone elastomers. These tapes are becoming popular in the telecommunication services industry as cost-efficient and durable repair tapes for pressurized copper lines.
The reusability attribute of these telecom tapes further aids in saving additional expenses of new end plates, and, as such, are finding favor with technicians. In an effort to stay ahead in the race, market players, thus, must tap this opportunistic potential.
How Growth will Unfold
With increasing investments in power generation, transportation, and other infrastructural development, the electrical industry all over the world is set to follow an upward trajectory in the coming years. This is influencing manufacturers to view the electrical industry as the primary consumer of self-fusing silicone tapes.
Capturing nearly half of worldwide demand, the adoption of self-fusing silicone tapes in the electrical industry will accent revenue worth around US$ 500 Mn in 2029. For potential growth avenues, players in the self-fusing silicone tape market are also targeting the plumbing and aerospace industries.
FREQUENTLY ASKED QUESTIONS ABOUT GLOBAL SELF-FUSING SILICONE TAPE MARKET
Which are the key market players operating in the self-fusing silicone tape market?
Companies such as 3M Company, tesa SE, Scapa Group plc, and Intertape Polymer Group Inc are some of the main players in the global self-fusing silicone tape market, and these players are expected to continue to dominate the market with their innovative and advanced product portfolios.
Which end-use industries hold high growth prospects for manufacturers in the self-fusing silicone tape market?
The electrical & electronics industry is estimated to account for a majority of the share in the global self-fusing silicone tape market, in terms of both, value and volume, and is projected to remain the most lucrative segment throughout the forecast period. Moreover, the electrical & electronics segment is anticipated to generate a remarkable incremental opportunity over the forecast period, as self-fusing silicone tapes made for these end uses provide better insulation in comparison with other packaging tapes.
In terms of thickness, which self-fusing silicone tape will register the highest sales in the next five years?
Self-fusing silicone tapes with thickness between 0.26 mm to 0.50 mm are expected to register the highest sales in terms of value, in the global self-fusing silicone tape market, as this thickness is considered suitable for most end-use applications due to its superior tensile strength and insulation.
Which region is expected to lead in terms of global sales of self-fusing silicone tape?
In terms of market growth, the East Asia self-fusing silicone tape market is estimated to be at the leading position by 2029. This can be attributed to the rising adoption of packaging tapes, including self-fusing silicone tapes in construction and electrical end-use industries. Furthermore, self-fusing silicone tapes are also anticipated to gain traction in Europe and North America over the forecast period.
Which type of self-fusing silicone tape will provide the most lucrative growth opportunities in the next five years?
Triangular self-fusing silicone tapes are anticipated to offer the most favorable growth prospects. These types of tapes are used in applications where the thickness of the coating should not have a visible overlap. Furthermore, triangular tapes have thinner edges and provide uniform insulation coating as compared to rectangular tapes.
SELF-FUSING SILICONE TAPE MARKET TAXONOMY
The global self-fusing silicone tape market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Product
- Rectangular Tapes
- Triangular Tapes
- Sinusoidal Rectangular Tapes
Thickness
- Up to 0.25 mm
- 0.26 mm to 0.50 mm
- 0.51 mm to 0.75 mm
- Above 0.75 mm
End Use
- Electrical & Electronics
- Plumbing
- Automotive
- Industrial
- Aerospace
- Home & Garden
- Others
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- MEA
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by - Sudip Saha, Managing Director and Co-Founder of Future Market Insights
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