The silicon tape market is segmented by application sector identification, vibration reduction, plumbing repairs , wire harnessing, cable management, medical use, leakage, corrosion prevention, weatherproofing, others. In this segment, plumbing repairs segment is projected to grow at remarkable pace over the forecast period. Increasing demand of the tapes at end user is expected to showcase a significant rise in the growth of silicon tape market over the forecast period.
Globally the market is expected to grow at significant CAGR over the forecast period. Generally silicon’s tapes are the water repellent, acid resistance and heat resistance and others. Due to its unique property there is rising demand of the silicon tapes in the chemical industries to avoid leakage and other plumbing problem. Further it is also used for the medical purposes.
In term of region, North America captured maximum share of the silicon tape market by 2017 and expected to continue its dominance in upcoming years. Presence of the large number of chemical industries in this region is expected to strengthen the market of silicon’s tapes during the forecast period. Asia Pacific is expected to contribute significantly towards the growth of the silicon tape market. The market is mainly expanding on the back of the growth and expansion of chemical & petroleum industries in this region. Apart from this increasing and high awareness is anticipated to robust the growth of silicon tape over the forecast period. Further, Europe is expected to grow at a significant pace in the during the forecast period.
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Growing Demand in Chemical Industries
Silicon tapes have good adhesive property and ability to bear load. Recently rising demand of the silicon tapes in the petroleum refineries and other chemical industries is expected to drive the growth of the silicon tapes market during the forecast period.
Advancement in Silicon Tapes
Research and development activities in enhancing the properties of silicon tape to make it more resistive at extreme condition are expected to positively impact the growth of the market.
However, volatility of the raw material is believed to dampen the growth of the silicon tape market during the forecast period.
The report titled “Global Silicon Tape Market: Global Historical Growth (2012-2017) & Future Outlook (2018-2027) Demand Analysis & Opportunity Evaluation” delivers detailed overview of the global silicon tapes market in terms of market segmentation by application and by region.
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Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global silicon tapes market which includes company profiling of Harbor Products, Inc, Tekra, Engineering Adhesives & Lubricants (Aust) Pty Ltd, 3M Company, Scapa Group PLC, Permoseal, Midsun Specialty Products, Cardinal Health, Scapa Group PLC, other prominent player. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global data as a service market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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