Sealant Tape Market: Overview
Sealant
tape is an air-tight seal commonly used in the manufacturing of permanent
vacuum bagging as well as processing of composites. It is also known as tacky
tape which maintains an air-tight seal during the cure cycle. It is also
used to seal ducts, windows, gutters, metal buildings, vents, roof seams, and
roof sidewalls. Sealant tapes also find application in housing, transportation,
and modular construction industries. These tapes possess excellent tack and
superior cohesive strength, and offer superior watertight sealing. Sealant
tapes improves energy efficiency when applied to joints in duct system by
reducing heating and cooling cost. These tapes adhere to metal substrates very
efficiently, even when they are contaminated with oil. Sealant tapes offer
excellent adhesion and compressibility to cold and moisture-based substrates.
Sealant
Tape Market: Key Segments
The global
sealant tape market can be segmented based on type and region. In terms
of type, the market can be categorized into butyl tapes, silicone tapes,
urethane tape, polytetrafluoroethylene (PTFE) tape, and polypropylene tape.
PTFE tapes, also called thread sealant tapes, are typically used to control
leakage in water and gas pipelines. These tapes provide high resistance to
chemical attack and can be used for high temperature and high abrasion
resistance applications. PTFE tapes are used for sealing valves, screws,
stopcock, gaskets, and insulating electrical parts. Butyl tapes are adhesive
tapes, primarily used in the construction and repair industries. These tapes
provide excellent protection against seals cracks, seams, etc., on the surface
of the roof. Urethane tapes are widely used for construction, transportation,
and industrial applications. These tapes are highly flexible and are manufactured
from very tough, abrasion-resistant polyurethane. Polypropylene tapes provide
excellent resistance to temperature fluctuations and are suitable for the
packaging industry.
Sealant
Tape Market: Key Drivers
Rapid
urbanization and industrialization across Asia Pacific is a key driver of the
sealant tape market in the region. In addition, rising foreign direct
investment in real estate, government infrastructural plans, and ample
availability of raw materials, such as, polyurethane and polypropylene in China
are the other factors fueling the sealant tape market in Asia Pacific. However,
intense competition from bio-based polymer tapes and high cost of sealant tapes
are expected to hinder the growth of the sealant tape market during the
forecast period. Nevertheless, rising research activities to improve the
longevity and performance of sealant tapes is likely to provide lucrative
opportunities to the manufacturers in the near future.
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Sealant
Tape Market: Regional Outlook
In terms
of region, the global sealant tape market can be classified into North America,
Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific
dominates the global sealant tape market primarily due to rapid
industrialization and urbanization in countries, such as, China, India,
Vietnam, and Indonesia. Various end-user industries, such as, automotive,
construction, and wires & cables have been growing in the region due to
progress in urbanization and industrialization. This, in turn, is boosting the
sealant tape market in Asia Pacific. The sealant tape market in the developed
economies, such as, the U.S., Germany, France, etc., is expected to grow at a
moderate pace during the forecast period. This can be ascribed to the rapid
growth of the packaging and aerospace industry in these countries. The sealant
tape market in Latin America and Middle East & Africa is expected to grow
significantly in the near future due to rising construction activities and
increasing investment by various automakers in Mexico, South Africa, and GCC
countries.
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Sealant
Tape Market: Key Players
Key
players operating in the global sealant tape market include 3M Company,
Permapack AG, VABATEC, GSSI Sealants Inc., and Pacific Coast Composites.
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