Demand for flashing tapes has risen due to the manufacturing industry and end use industries such as construction, electronics and electricity, packaging, automotive, healthcare and others. Flashing tapes are used mostly for the weather or moisture proofing and air infiltration purposes. The key element in charge of flashing tape market growth is broad product applications from many industries. Currently, automotive industry has more demand of flashing tapes compare to other industries. Additionally, flashing tapes offer high durability, versatility, abrasion resistance and high performance, these properties contributing the growth the flashing tape market. Rising need of flashing tape in commercial as well as residential use coupled with the developments in construction and infrastructure activities have made positive impact on the growth of the flashing tape market. Rising demand of flashing tapes in packaging industry and medical services will boost the flashing tape market growth.
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Flashing Tape Market: Market Dynamics
Excess product utilization in the automotive business is an important factor behind driving the flashing tapes market. Due to the growing economy, disposable income is increasing rapidly day by day, which results into the growing net economy. As the emerging economy’s rising population contributing the growth of consumer goods such as flashing tapes. The non-allergic property of flashing tapes will help to increase the use of flashing tape in medical and healthcare industries to dress the wounds. Flashing tape is popularly used in electrical and electronics industry popularly knowing its water proofing quality. Flashing tape has become integral part of the modern world as it can be used everywhere.
Polymer as well as the adhesives of tapes are made from by-products of the petroleum industry. Uncertainty in the prices of petroleum and oil industry in the Middle East countries, may become restraining factor of the growth of the flashing tape market. Strict government regulations on the usage of plastic based product may slow down the growth of the flashing tape market in the coming future. Additionally, rise in transport and labour cost will show remarkable impact on the growth of the flashing tape market in the forecasted period. The construction, automotive, transportation, packaging and many industries are impacted due to the COVID-19 pandemic and which is currently have uncertainty. COVID-19 is anticipated to have a notable impact on the products demand and supply chain. This will continue to show the serious impacts on the growth of the flashing tape market for few years in the forecasted period.
Flashing Tape Market: Segmentation
On the basis of adhesive type, global flashing tape market can be segmented as:
- Silicone
- Acrylic
- Butyl
- Others
On the basis of substrate type, global flashing tape market can be segmented as:
- Plastics
- Metals
- Rubber
- Others
On the basis of end use industry, global flashing tape market can be segmented as:
- Automotive
- Building & construction
- Healthcare
- Electrical & electronics
- Packaging
- Others
Flashing Tape Market: Regional Outlook
Geographically, North America is expected to dominate the flashing tape market due to the growing demand in healthcare industry. This growth is mainly due to the increasing number of surgeries and other medical procedures in the region. Fast developing construction projects and automotive sector in the South and East Asian countries the flashing tapes witnessing astonishing flashing tape market growth. Increasing use of flashing tapes in the medical sector and the easy raw material availability are some factors responsible for the growth of the market. Flashing tape may withstand the extreme temperatures from -70ºF to 200ºF, due this property flashing tapes will continue to have high market growth in the Middle East and African countries in coming future.
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Flashing Tape Market: Key Players
Some prominent players in the global Flashing Tape Market:
- Asian Paints
- Scapa Group plc
- Johnson & Johnson
- A.B.E. Construction Chemicals
- Shanghai Richeng Electronic
- Metalnastri Srl
- Chowgule Construction Chemicals
- 3M company
- Avery Dennison Corporation
- Tapespec
- Nitto Denko Corporation
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on flashing tape market segments and geographies.
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