Aircraft Pressure Sensitive Tape Market Report

Market Insights

"The global aircraft pressure-sensitive tape market will continue to witness promising growth over the next five years to reach an estimated value of US$ 354.7 million in 2024."

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Aircraft pressure-sensitive tape is an adhesive tape that sticks to the surface when pressure is applied. Pressure-sensitive adhesive tape comes in all shapes and sizes, with varying degrees of stickiness. For the aerospace industry, specialty pressure-sensitive tapes are used for fastening, mounting, bonding, sealing, and covering/masking a section of surface that is not to be painted or coated. Pressure-sensitive tape consists of two important materials: adhesive and backing material. Pressure-sensitive tape has a wide array of use in different applications in the aerospace industry

Market Dynamics

Market Drivers

Several factors are directly or indirectly bolstering the demand for pressure-sensitive tape in the aerospace industry in which the biggest growth driver is the organic growth of the aircraft industry coupled with an increased demand for high-performance pressure-sensitive tape.

Boeing anticipated that there would be total deliveries of 42,730 commercial and regional aircraft worth of US$ 6.3 trillion in the global marketplace during 2018-2037. Asia-Pacific and Europe would be the biggest demand generators with a combined share of 62.5% of the total aircraft deliveries during 2018-2037. An expected healthy CAGR of 4.7% in air passenger traffic during 2018-2037 will chiefly drive the demand for the aircraft. This factor will create a sustainable demand for pressure-sensitive tapes in the aircraft industry.

Segments' Analysis

Aircraft Trends

"The commercial aircraft segment accounted for the largest market share."

The aircraft pressure-sensitive tape market is segmented into commercial aircraft, military aircraft, regional aircraft, general aviation, helicopter, and others. Commercial aircraft is likely to remain the growth engine of the market during the forecast period. Today, the deliveries of commercial aircraft are at peak in life and have not witnessed a decline in the past seven years. Stratview estimates and OEMs’ announcements suggest that the production of aircraft will continue to increase as both Boeing and Airbus are enjoying a huge pile of order backlogs and have been increasing the production rates of their key programs (B767, B787, A320, and A350XWB). They are also developing fuel-efficient aircraft platforms (A320neo, B777x, and A330neo) to address the grave concern of airlines. Apart from these above-mentioned factors, market entry of COMAC and Irkut in the commercial aircraft segment further substantiates the growth potential of pressure-sensitive tapes in the commercial aircraft segment.

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Tape Trends

"The specialty tape segment accounted for the largest market share."

The aircraft pressure-sensitive tape market is segmented into specialty tape and masking tape. Specialty tape is estimated to remain the larger as well as the faster-growing tape type in the aircraft pressure-sensitive tape market over the next five years. Improved performance characteristics of tapes will continue to drive the specialty pressure-sensitive tape market in years to come. Specialty pressure-sensitive tapes are replacing traditional methods of fastening, which leads to saving time, money, and weight.

Baking Material Trends

"The fiberglass segment accounted for the largest market share."

The market for aircraft pressure-sensitive tape is segmented into fiberglass, PET, PP, and others. Fiberglass is estimated to remain the largest backing material type of the aircraft pressure-sensitive tape market in the coming five years, whereas PET is likely to be the fastest-growing backing material type over the same period. Fiberglass backing material offers good heat resistance, flame retardancy, and thermosetting properties, key properties assuring the dominance of fiberglass backing material in the aircraft pressure-sensitive tape market.

Regional Analysis

"North America accounted for the largest market share."

North America is expected to remain the largest market for aircraft pressure-sensitive tapes during the forecast period. The USA is the growth engine of the region’s market with the presence of major aircraft OEMs, tier players, pressure-sensitive tape suppliers, and airlines. All the major pressure-sensitive tape suppliers have their presence in the region to address the emergent needs of the OEMs in order to become the partner for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs.

Europe is likely to remain the second-largest market for aircraft pressure-sensitive tapes during the forecast period. Commercial aircraft is the growth engine of the European market for aerospace pressure-sensitive tapes, largely driven by the A320 and A350 XWB aircraft programs. Airbus has a massive plan to raise the production rate of its A320 family aircraft including neo variants, Airbus reported that the A320 program is on track to achieve a production rate of 60 aircraft per month by mid-2019.

Asia-Pacific is expected to experience the highest growth in the global market during the forecast period. The highest growth of Asia-Pacific is mainly attributable to the increasing aircraft fleet to support rising passenger traffic; opening of assembly plants of Boeing and Airbus for B737, A320, and A330 aircraft programs; increasing procurement of military aircraft, owing to rising defense budget; and upcoming indigenous commercial and regional aircraft (C919 and MRJ).

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Key Players

The supply chain of this market comprises raw material suppliers, aircraft pressure-sensitive tape manufacturers, tier players, aircraft OEMs, airlines, and MRO companies.

The key players in the pressure-sensitive tape market are-

• The 3M Company
• Berry Global, Inc.
• Nitto Denko Corporation
• Henkel AG & Company, KGaA
• Intertape Polymer Group
• Avery Dennison
• H.B. Fuller
• Tesa SE.

The development of high-performance pressure-sensitive tape and expansion in untapped and growing markets are the key strategies adopted by the major players to gain a competitive edge in the market.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft pressure-sensitive tape market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft pressure-sensitive tape market realities and future market possibilities for the forecast period of 2019 to 2024. The report segments and analyzes the market in the most comprehensive manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies in order to expedite their growth process.

What Deliverables Will You Get in this Report?

The Aircraft Pressure-Sensitive Tape Market is segmented in the following ways:

By Aircraft Type:

• Commercial Aircraft
• Regional Aircraft
• General Aviation
• Helicopter
• Military Aircraft

By Tape Type:

• Specialty Pressure-Sensitive Tape
• Masking Pressure-Sensitive Tape

By Backing Material Type:

• Fiberglass
• PET
• PP
• Others

By Adhesive Type:

• Silicone Pressure-Sensitive Tape
• Acrylic Pressure-Sensitive Tape
• Rubber Pressure-Sensitive Tape

By Application Type:

• Interiors
• Exterior

By Region:

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Latin America, the Middle East, and Others)

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry: sales@stratviewresearch.com.