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Global Silicone Tapes Market- Covid-19 Impact and Forecast Analysis to 2031

 

Silicone Tapes: Introduction

 

·         Silicone tape, also called as self-amalgamating tape, acts as a strong, seamless, rubbery, waterproof & electrically insulating layer when wrapped around cables, electrical joints, hoses, and pipes. Silicone tapes impart properties such as excellent dielectric strength, resistance towards moisture, high and low temperature stability, and resistance toward heat & fire.

·         Silicone gel in silicone tapes contains a small amount of polydimethylsiloxane, which has zinc oxide as a constituent. Zinc oxide acts as an ultraviolet radiation inhibitor. Led by this property, silicone tapes are commonly resistant to ultraviolet radiation. This is also likely to reduce the rate of deterioration of silicone tapes.

·         Silicone tape is used in electrical systems, harness wrapping and wire bundling, aircraft industry, and automotive industry. It serves the purpose of insulation requirements and wrapping element around batteries (to prevent corrosion at the terminals of battery).

Key Drivers and Restraints of Silicone Tapes Market

 

·         Silicone tapes are used as wrapping elements around the battery in the automotive industry due to their ability to provide high and low temperature stability. Silicone tapes are used to insulate battery terminals. High demand for electric vehicles is anticipated to boost the demand for batteries. Silicone tapes are used as a supporting elements in installation of these batteries. Thus, rise in demand for electric vehicles is projected to fuel the silicone tapes market during the forecast period.

·         The usage of silicone tapes as solvents is gaining momentum in the global electronics industry. They are used to provide insulation in an electric systems and as overwrap for protecting high-voltage cables from tracking. Additionally, these tapes have outstanding weathering characteristics. They offer strong resistance to ozone and arcs.

·         Majority of adhesive tapes used in anesthesia practice are acrylate-based adhesive tapes, which have weak adhesive force and less breathability. This has led to an increase in research and development of new adhesive tapes. In turn, this has led to the development of silicone tapes with properties such as low surface tension. Silicone tape is a kind of adhesive tape produced in order to withstand the impact of moisture, acids, fuels, solvents, and soldering splashes. These tapes are efficient in terms of adherence. Hence, they are widely used to adhere medical equipment, such as catheters and prosthetic devices, to the body.

·         In comparison with other electrical & utility tapes, silicone tapes have low tear resistance and are more susceptible toward cuts and abrasion. This can act as a barrier for the silicone tapes market during the forecast period.

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COVID-19 Impact Analysis on Mining

 

·         Governments of several countries across the globe have imposed stringent lockdowns to limit the spread of the coronavirus. Movement of individuals and economic activities, related to goods and services, has come to a halt because of lockdowns. Mining companies are anticipated to take up to six months to return to normalcy.

·         Lockdowns are being eased to varying degrees in many regions. However, most mines would need several months to restore their full production. The shutdown had a major impact on the liquidity of mining companies. Thus, the short-term liquidity requirement of mining companies has increased and is likely to remain under pressure for at least the next few months. Temporary closure of mines impacted the extraction of silica (important raw material in the production of silicone tapes) from mines. This, in turn, has hampered the production of silicone tapes.

 

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Silicone Tapes Market Segmentation

 

·         Based on end-use industry, the global silicone tapes market can be segmented into electrical, automotive, hardware, HVAC (heating, ventilation and air conditioning), marine, health care, and others

Silicone Tapes Market: Regional Segmentation

·         In terms of region, the global silicone tapes market can be split into Middle East & Africa, Latin America, Asia Pacific, Europe, and North America

·         Asia Pacific is a leading consumer of silicone tapes, followed by North America and Europe. Increase in Foreign Direct Investments (FDIs) in the medical industry in developing economies of Asia Pacific is likely to fuel the silicone tapes market in the region during the forecast period. Additionally, increase in the role of governments in the health care sector and rise in number of multispecialty hospitals across Asia Pacific are expected to drive the demand for silicone tapes in the region in the next few years. Silicone tapes are extensively used in dialysis centers, emergency rooms, intensive care units, operating rooms, radiology rooms, urgent care units, and wound care units.

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Key Players Operating in Global Market

 

·         3M Company

·         Midsun Specialty Products

·         Scapa

·         Teraoka Seisakusho Co., Ltd.

·         Seal IT Services Limited

·         Engineering Adhesives & Lubricants (Aust) Pty Ltd

·         Harbor Products, Inc.

·         Alcolin

·         Cardinal Health

·         Permatex

·         Rex Sealing & Packing Industries Pvt. Ltd

·         Solar Plus Company

·         Custom Adhesive Products, LLC

·         Freudenberg Simrit GmbH & Co. KG.

·         Specialty Tapes

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