Aerospace tapes play a crucial role in creating optimal surfaces to protect the composite molding of aircraft. These tapes are utilized for bonding, insulation, and sealing sensitive equipment and structures within an aircraft. Their applications contribute to extending the lifespan of an aircraft's infrastructure and equipment while concurrently reducing maintenance costs by safeguarding against vibrations, corrosion, and fluid exposure.
The primary resin types used in aerospace tapes include acrylic, rubber, silicone, and other specialized formulations. Acrylic, derived from acrylic acid, is employed in various forms such as plastic, fabric, fiber, or paint. The backing materials for these tapes encompass paper or tissue, film, foam, and other materials tailored to specific needs. Aerospace tapes find application across diverse end-users, including commercial aviation, military aviation, and general aviation.
The aerospace tapes market research report is one of a series of new reports that provides aerospace tapes market statistics, including aerospace tapes industry global market size, regional shares, competitors with an aerospace tapes market share, detailed aerospace tapes market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace tapes industry. This aerospace tapes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the aerospace tapes industry.
The aerospace tapes market size has grown strongly in recent years. It will grow from $2.41 billion in 2023 to $2.57 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth observed in the historic period can be attributed to various factors, including a rise in aircraft production, increased activities in maintenance, repair, and overhaul (MRO), adherence to stringent safety standards and regulations, a surge in air cargo transport, and an increase in space exploration activities. These combined influences have played a significant role in shaping the positive trajectory witnessed during that time.
The aerospace tapes market size is expected to see strong growth in the next few years. It will grow to $3.32 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The anticipated growth in the forecast period can be attributed to various factors, including the rising electrification of aircraft, increasing defense spending, a surge in global trade, aging aircraft fleets, and an increase in disposable income. Key trends expected during this period encompass the integration of smart materials, advancements in nanotechnology, a focus on sustainability and eco-friendly tapes, the utilization of artificial intelligence (AI) in tape design, and the implementation of blockchain for traceability. These trends reflect the dynamic landscape of the aerospace tapes industry and the ongoing efforts to align with technological innovations and sustainability goals.
The increasing demand for commercial aircraft is anticipated to be a significant driver for the aerospace tape market. Commercial aircraft are non-military planes used for the transportation of passengers and cargo. Aerospace tapes and related equipment are essential for ensuring safety and conducting maintenance and repairs on commercial aircraft. For instance, in the fourth quarter of 2021, both Boeing, a US-based commercial aircraft, defense, space, and security system manufacturer, and Airbus, a Netherlands-based company specializing in aviation, defense, and space services, reported increased deliveries of commercial jets. Airbus, in particular, delivered 611 aircraft in 2021, compared to 566 in 2020. This surge in deliveries reflects the growing demand for commercial aircraft, driving the aerospace tape market's growth.
Increased investments in the aerospace industry are also expected to boost the aerospace tape market. Investments typically involve allocating resources, such as capital, time, or effort, into various aerospace-related activities, such as research and development, quality assurance, manufacturing of aerospace tapes, technological advancements, sustainability initiatives, market expansion, and safety compliance. In 2022, investments in the aerospace and defense sector reached new heights, with funding tripling compared to the previous year, reaching $33.63 billion, according to Pitch Book Data Inc., a US-based capital market company. This increased investment activity is driving the growth of the aerospace tape market.
Product innovation stands out as a prominent trend in the aerospace tape market. Major companies operating in this market are actively developing innovative products to strengthen their market positions. For instance, in May 2021, Intertape Polymer Group, a Canada-based manufacturer of aerospace tapes, introduced a unique flame-retardant polyethylene tape called PEFR. PEFR features an aggressive rubber adhesive designed to create a conformable and watertight seal while adding an extra layer of fire and flame resistance. This makes it well-suited for various applications, including use with fabrics, surface protection, and flame-retardant films.
Companies in the aerospace tape market are emphasizing product innovations, specifically targeting MRO structural film adhesive to fulfill aerospace taping requirements. MRO structural film adhesive, short for Maintenance, Repair, and Overhaul (MRO) structural film adhesive, serves as an adhesive used for bonding aerospace primary and secondary structures during maintenance and repair operations. Park Aerospace Corp., a UK-based company in the aerospace industry, introduced the Aeroadhere FAE-350-1 structural film adhesive in May 2023. This epoxy formulation film adhesive is designed for various aerospace applications, including composite-to-composite, composite-to-honeycomb, composite-to-metal, metal-to-metal, and metal-to-honeycomb bonding in both aerospace original equipment and maintenance, repair, and overhaul (MRO) applications.
In April 2021, SWM International, a US-based company specializing in performance materials, acquired Scapa Group Ltd. for an undisclosed sum. This acquisition enabled Scapa to integrate with SWM, further enhancing its extensive assortment of precision-engineered performance materials. The goal behind this strategic move is to provide top-quality integrated solutions to customers. Scapa Group Ltd., based in the UK, is a global manufacturer of adhesive-based products, including aerospace tapes.
Major companies operating in the aerospace tapes market include 3M, Nitto Denko Corporation, Avery Dennison Corporation, Tesa SE, Scapa Group PLC, Intertape Polymer Group Inc., Saint-Gobain S.A., Berry Global Inc., Shurtape Technologies LLC, DeWAL Industries Inc., Advance Tapes International, Can-Do National Tape Inc., Aviation Devices and Electronic Components Inc., JTAPE Limited, Fralock Innovative Materials Manufacturing & Automation, UltraTape, Mask-Off Company Inc., Parafix Tapes & Conversions Ltd., MBK Tape Solutions, CS Hyde Company, Adhesive Research Inc., Adchem Corporation, PPI Adhesive Products (C.E.), Pro Tapes & Specialties Inc., Technetics Group, V. Himark (USA) Inc., VELCRO Companies, W. W. Grainger Inc.
North America was the largest region in the aerospace tapes market in 2023. Latin America is expected to be the fastest-growing region in the aerospace tapes market share during the forecast period. The regions covered in the aerospace tapes market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the aerospace tapes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The aerospace tapes market consists of sales of aerospace tapes by materials such as epoxy, polyamide and vinyl ester. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The primary resin types used in aerospace tapes include acrylic, rubber, silicone, and other specialized formulations. Acrylic, derived from acrylic acid, is employed in various forms such as plastic, fabric, fiber, or paint. The backing materials for these tapes encompass paper or tissue, film, foam, and other materials tailored to specific needs. Aerospace tapes find application across diverse end-users, including commercial aviation, military aviation, and general aviation.
The aerospace tapes market research report is one of a series of new reports that provides aerospace tapes market statistics, including aerospace tapes industry global market size, regional shares, competitors with an aerospace tapes market share, detailed aerospace tapes market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace tapes industry. This aerospace tapes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the aerospace tapes industry.
The aerospace tapes market size has grown strongly in recent years. It will grow from $2.41 billion in 2023 to $2.57 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth observed in the historic period can be attributed to various factors, including a rise in aircraft production, increased activities in maintenance, repair, and overhaul (MRO), adherence to stringent safety standards and regulations, a surge in air cargo transport, and an increase in space exploration activities. These combined influences have played a significant role in shaping the positive trajectory witnessed during that time.
The aerospace tapes market size is expected to see strong growth in the next few years. It will grow to $3.32 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The anticipated growth in the forecast period can be attributed to various factors, including the rising electrification of aircraft, increasing defense spending, a surge in global trade, aging aircraft fleets, and an increase in disposable income. Key trends expected during this period encompass the integration of smart materials, advancements in nanotechnology, a focus on sustainability and eco-friendly tapes, the utilization of artificial intelligence (AI) in tape design, and the implementation of blockchain for traceability. These trends reflect the dynamic landscape of the aerospace tapes industry and the ongoing efforts to align with technological innovations and sustainability goals.
The increasing demand for commercial aircraft is anticipated to be a significant driver for the aerospace tape market. Commercial aircraft are non-military planes used for the transportation of passengers and cargo. Aerospace tapes and related equipment are essential for ensuring safety and conducting maintenance and repairs on commercial aircraft. For instance, in the fourth quarter of 2021, both Boeing, a US-based commercial aircraft, defense, space, and security system manufacturer, and Airbus, a Netherlands-based company specializing in aviation, defense, and space services, reported increased deliveries of commercial jets. Airbus, in particular, delivered 611 aircraft in 2021, compared to 566 in 2020. This surge in deliveries reflects the growing demand for commercial aircraft, driving the aerospace tape market's growth.
Increased investments in the aerospace industry are also expected to boost the aerospace tape market. Investments typically involve allocating resources, such as capital, time, or effort, into various aerospace-related activities, such as research and development, quality assurance, manufacturing of aerospace tapes, technological advancements, sustainability initiatives, market expansion, and safety compliance. In 2022, investments in the aerospace and defense sector reached new heights, with funding tripling compared to the previous year, reaching $33.63 billion, according to Pitch Book Data Inc., a US-based capital market company. This increased investment activity is driving the growth of the aerospace tape market.
Product innovation stands out as a prominent trend in the aerospace tape market. Major companies operating in this market are actively developing innovative products to strengthen their market positions. For instance, in May 2021, Intertape Polymer Group, a Canada-based manufacturer of aerospace tapes, introduced a unique flame-retardant polyethylene tape called PEFR. PEFR features an aggressive rubber adhesive designed to create a conformable and watertight seal while adding an extra layer of fire and flame resistance. This makes it well-suited for various applications, including use with fabrics, surface protection, and flame-retardant films.
Companies in the aerospace tape market are emphasizing product innovations, specifically targeting MRO structural film adhesive to fulfill aerospace taping requirements. MRO structural film adhesive, short for Maintenance, Repair, and Overhaul (MRO) structural film adhesive, serves as an adhesive used for bonding aerospace primary and secondary structures during maintenance and repair operations. Park Aerospace Corp., a UK-based company in the aerospace industry, introduced the Aeroadhere FAE-350-1 structural film adhesive in May 2023. This epoxy formulation film adhesive is designed for various aerospace applications, including composite-to-composite, composite-to-honeycomb, composite-to-metal, metal-to-metal, and metal-to-honeycomb bonding in both aerospace original equipment and maintenance, repair, and overhaul (MRO) applications.
In April 2021, SWM International, a US-based company specializing in performance materials, acquired Scapa Group Ltd. for an undisclosed sum. This acquisition enabled Scapa to integrate with SWM, further enhancing its extensive assortment of precision-engineered performance materials. The goal behind this strategic move is to provide top-quality integrated solutions to customers. Scapa Group Ltd., based in the UK, is a global manufacturer of adhesive-based products, including aerospace tapes.
Major companies operating in the aerospace tapes market include 3M, Nitto Denko Corporation, Avery Dennison Corporation, Tesa SE, Scapa Group PLC, Intertape Polymer Group Inc., Saint-Gobain S.A., Berry Global Inc., Shurtape Technologies LLC, DeWAL Industries Inc., Advance Tapes International, Can-Do National Tape Inc., Aviation Devices and Electronic Components Inc., JTAPE Limited, Fralock Innovative Materials Manufacturing & Automation, UltraTape, Mask-Off Company Inc., Parafix Tapes & Conversions Ltd., MBK Tape Solutions, CS Hyde Company, Adhesive Research Inc., Adchem Corporation, PPI Adhesive Products (C.E.), Pro Tapes & Specialties Inc., Technetics Group, V. Himark (USA) Inc., VELCRO Companies, W. W. Grainger Inc.
North America was the largest region in the aerospace tapes market in 2023. Latin America is expected to be the fastest-growing region in the aerospace tapes market share during the forecast period. The regions covered in the aerospace tapes market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the aerospace tapes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The aerospace tapes market consists of sales of aerospace tapes by materials such as epoxy, polyamide and vinyl ester. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Aerospace Tapes Market Characteristics3. Aerospace Tapes Market Trends And Strategies31. Global Aerospace Tapes Market Competitive Benchmarking32. Global Aerospace Tapes Market Competitive Dashboard33. Key Mergers And Acquisitions In The Aerospace Tapes Market
4. Aerospace Tapes Market - Macro Economic Scenario
5. Global Aerospace Tapes Market Size and Growth
6. Aerospace Tapes Market Segmentation
7. Aerospace Tapes Market Regional And Country Analysis
8. Asia-Pacific Aerospace Tapes Market
9. China Aerospace Tapes Market
10. India Aerospace Tapes Market
11. Japan Aerospace Tapes Market
12. Australia Aerospace Tapes Market
13. Indonesia Aerospace Tapes Market
14. South Korea Aerospace Tapes Market
15. Western Europe Aerospace Tapes Market
16. UK Aerospace Tapes Market
17. Germany Aerospace Tapes Market
18. France Aerospace Tapes Market
19. Italy Aerospace Tapes Market
20. Spain Aerospace Tapes Market
21. Eastern Europe Aerospace Tapes Market
22. Russia Aerospace Tapes Market
23. North America Aerospace Tapes Market
24. USA Aerospace Tapes Market
25. Canada Aerospace Tapes Market
26. South America Aerospace Tapes Market
27. Brazil Aerospace Tapes Market
28. Middle East Aerospace Tapes Market
29. Africa Aerospace Tapes Market
30. Aerospace Tapes Market Competitive Landscape And Company Profiles
34. Aerospace Tapes Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
Aerospace Tapes Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on aerospace tapes market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
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- Measure the impact of high global inflation on market growth.
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- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- All data from the report will also be delivered in an excel dashboard format.
Description:
Where is the largest and fastest growing market for aerospace tapes? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
- Markets Covered: 1) By Resin Type: Acrylic; Rubber; Silicone; Other Resin Types 2) By Backing Material: Paper/Tissue; Film; Foam; Other Backing Material 3) By End User: Commercial Aviation; Military Aviation; General Aviation
- Companies Mentioned: 3M; Nitto Denko Corporation; Avery Dennison Corporation; Tesa SE; Scapa Group plc
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- 3M
- Nitto Denko Corporation
- Avery Dennison Corporation
- Tesa SE
- Scapa Group plc
- Intertape Polymer Group Inc.
- Saint-Gobain S.A.
- Berry Global Inc.
- Shurtape Technologies LLC
- DeWAL Industries Inc.
- Advance Tapes International
- Can-Do National Tape Inc.
- Aviation Devices and Electronic Components Inc.
- JTAPE Limited
- Fralock Innovative Materials Manufacturing & Automation
- UltraTape
- Mask-Off Company Inc.
- Parafix Tapes & Conversions Ltd.
- MBK Tape Solutions
- CS Hyde Company
- Adhesive Research Inc.
- Adchem Corporation
- PPI Adhesive Products (C.E.)
- Pro Tapes & Specialties Inc.
- Technetics Group
- V. Himark (USA) Inc.
- VELCRO Companies
- W. W. Grainger Inc.
Methodology
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