Flashing tape market The global flashing tape market was valued at $2.0 billion in 2021, and is projected to reach $3.7 billion by 2031, growing at a CAGR of 6.5% from 2022 to 2031.
Flashing tapes are uniform impervious thin materials that help prevent water and air infiltration. In addition, these are used in door and window installations and offer an added layer of protection in the rough openings. Flashing tapes are of various types such as butyl rubber flashing tapes, aluminum flashing tapes, bitumen tape, and others.
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Increase in investments in building infrastructure in countries such as the U.S., China, Japan, Mexico, and India, have led the building & construction sector to witness a significant growth where flashing tape are used for flooring, mounting wall, and roofing applications. In addition, sustainable economic growth coupled with increase in demand for consumer goods has led the automotive & transportation sector to witness a significant increase in demand where flashing tape is widely used for UV and moisture protection applications in under hood parts, engine components, interior of containers, and storage vessels. These factors are predicted to contribute toward the global market growth.
“ The flashing tape market has moderate impact due to the wake of the COVID-19 pandemic. In the first quarter of 2021, the market for flashing tape has experienced significant growth due to an increase in the demand for flashing tape worldwide, compared to that in 2020 and is expected to continue during the forecast period, as the imposed restrictions are lifted for the building & construction, automotive, packaging, electronics, and manufacturing sectors.“
The flashing tape market is segmented on the basis of adhesive type, substrate type, end-use industry, and region. On the basis of adhesive type, the market is categorized into silicone, acrylic, butyl rubber, and others. On the basis of substrate type the market is divided into plastic, metals, rubber, and others. On the basis of end-use industry, it is divided into automotive, building & construction, healthcare, packaging, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
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In 2021, the acrylic segment was the largest revenue generator, and is anticipated to grow at a CAGR of 6.8% during the forecast period. Acrylic is also identified as Plexiglas which is versatile plastic material and possess outstanding strength, elasticity, and has optical clarity. It is widely used in various end-use industries such as building and construction, automotive, household, packaging, and many others. The growing automotive sector has increased the purchasing power of customers, where acrylic-based flashing tape are applied in extreme cold and extreme temperature on OEM equipment owing to its high adhesion and bonding capacity.
In addition, both developed and developing economies are constantly engaged in upgrading their fighter jets with modern armor facilities where acrylic-based flashing tapes are widely preferred for protective coating applications, owing to their potential to work in harsh atmospheric conditions and high strength. Furthermore, UV-cured acrylic flashing tapes are mostly preferred in building and construction, architects, and by the contractors, and builders.
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Key Benefits For Stakeholders:
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the flashing tape market analysis from 2021 to 2031 to identify the prevailing flashing tape market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the flashing tape market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global flashing tape market trends, key players, market segments, application areas, and market growth strategies.
The major companies profiled in this report include :
3M company, Acme Supplies Limited, Aggarwal Brothers, Asian Paints, Bostik, DuPont, H.B. Fuller, Henkel AG & Co., Isoltema Group, Jining Xunda Pipe Coating Materials Co. Ltd., Nitto Denko Corporation, Omega Rubber Industries, Saint-Gobain, Scapa Group plc, and Vijay Agency.
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