Silicone Adhesive Tape Market Growth Analysis | 2021-2026

Market Insights

The silicone adhesive tape market is projected to grow from USD xx billion in 2020 to USD xx billion by 2026 at a CAGR of around xx% during the forecast period.

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What is a silicone adhesive tape?

Silicone adhesive tape is defined as a flexible, waterproof, non-woven tape with a unique silicone adhesive. It resists ultraviolet and ozone in outdoor environments. A silicone adhesive tape can withstand the impact of moisture, acids, solvents, fuels, and soldering splashes. Based on type, the silicone adhesive tape can be categorized as single-sided and double-sided.

COVID-19 Impact

The covid-19 outbreak posed significant challenges across verticals worldwide. Supply chain disruptions due to lockdown and trade restrictions affected the product availability in the market. Also, the decline in the growth of the end-use industries further affected the market growth.

Market Dynamics

The growth of the silicone adhesive tape market is driven by widespread use in various applications including packaging, sealing, apparel, and electronics among others. Significant growth of the medical industry on account of the rising prevalence of chronic diseases coupled with the geriatric populace across geographies. Moreover, surging demand for adhesive tapes with superior benefits and improved performance is likely to create lucrative opportunities for the players operating in the global market during the review period.

Segments' Analysis

Application Trends

Based on application, the market has been segmented into packaging and sealing, apparel, automotive, electronics, furniture, and pharmaceutical. Among these, the packaging & sealing segment accounted for the largest market share in 2020 and is expected to propel the market growth at a significant rate during the review period.

Regional Analysis

The market in the Asia-Pacific region accounted for the largest market share in 2020 and is expected to grow at a healthy CAGR during the review period. The regional market growth can be attributed to expanding growth of packaging, electrical & electronics, and medical industries among others in developing countries, particularly China and India. The market in North America and Europe regions is expected to be driven by the established presence of the end-use industries, particularly medical, packaging and electronics.

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Critical Questions Answered in the Report

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Silicone Adhesive Tape market. The historic years considered for the study are 2016-2019, the base year is 2020, and the forecast period is 2021-2026. Following are the critical questions answered in the report-

• What are the key trends in the Silicone Adhesive Tape market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the Silicone Adhesive Tape market?
• What are the key strategies adopted by the major vendors to lead in the Silicone Adhesive Tape market?
• What is the market share of the top vendors?

Key Players

Key players operating in the Silicone Adhesive Tape market are-

• Cheever Specialty Paper & Film (US)
• Gergonne (France)
• Dermarite Industries LLC (US)
• CS Hyde Company (US)
• Hi-Tech International Thermal Insulations (India)
• Huangshan Meiao Composite Materials Co., Ltd (China).

Target Audience

Here is the list of the group of customers that the silicone adhesive tape market hopes to have the greatest opportunity to convert-

• Silicone adhesive tape distributors
• Silicone adhesive tape suppliers
• Silicone adhesive tape manufacturers
• Logistics organizations
• Government bodies

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