Seam Tapes Market Size to Boost US$239.2 Million By 2027 | CAGR 7.1% – IndustryARC

September 20 09:37 2022
Seam Tapes Market Size to Boost US$239.2 Million By 2027 | CAGR 7.1% - IndustryARC
Market Research Reports, Business Consulting Services & Analytics
Seam Tapes Market size is forecast to reach US$239.2 million by 2027, after growing at a CAGR of 7.1% during 2022-2027. Increasing demand for seam tapes in various end use industries is driving the seam tapes market growth in the forecast period.

Seam Tapes Market size is forecast to reach US$239.2 Million by 2027, after growing at a CAGR of 7.1% during 2022-2027. The increasing availability of a wide range of product items in many designs for various applications such as sportswear, military wear, and regular wear is driving the seam tapes market growth. The inclining production of waterproof clothing, intimate apparel, and the growing pharmaceutical and healthcare industry is surging the demand for surgical, masks, and personnel protective equipment, which is increasing the demand for seam tapes.The Seam Tapes Market report by IndustryARC covers complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.

 

Competitive Landscape:

The top 5 players in the Seam Tapes industry are –

1. Geo-Synthetics

2. Sealon Co. Ltd.

3. Loxy As

4. Gerlinger Industries

5. Traxx Corp.

 

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Segmental Analysis:

1. Increasing usage of seam tapes in these military apparel is projected to increase the growth of the market. Also, military clothing and protection concerns armors, helmets, and structural reinforcement for vehicles as well.

2. Military & Defence industry held the largest share in the seam tapes market in 2021 and is expected to grow at a CAGR of 7.6% during 2022-2027. 

3. Asia-Pacific region dominated the seam tapes market with a share of 39.3% in the year 2021.

4. According to the U.S. Department of Defence (DoD), in 2022 the government invested US$1.3 million government with Brittany Global Technologies to sustain critical industrial base production of Berry Amendment compliant fabrics for U.S. military uniforms.

5. According to the Defence and Security Industrial Strategy, in UK, in 2021, the government invested US$ 31.2 billion in defence over the next four years, and the plans for that investment had been set out in the Defence Command Paper.

6. According to the International Trade Administration, over 25 million vehicles were sold in 2020, based on the data from the Ministry of Industry and Information Technology, with domestic manufacturing estimated to reach 35 million vehicles by 2025.

 

Report Coverage

Report Attributes

Details

By Type

Single Layered, Two Layered, and Three Layered

By Application

Apparel, Medical, Tarpaulins, Backpacks, Military Clothing

By End Use Industry

Automotive, Textile and Apparel, Military and defence, Pharmaceutical and Healthcare

By Geography

North America, Europe, Asia-Pacific, South America and Rest of World

 

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Market Drivers and Challenges:

1. Increasing Demand for Seam Tapes in the Pharmaceutical and Healthcare Sector: The increasing investments in the healthcare structure is anticipated to drive the growth of the seam tapes market over the forecast period.

2. Surging Demand for Seam Tapes with the Growth of the Textile and Apparel Industry: The rising demand for seam tapes in the clothing sector is estimated to drive the market growth.

3. Availability of Alternative Will Hamper the Market Growth: The availability of alternative is hindering the seam tapes market growth.

 

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Similar Reports:

A. Double Sided Tape Market

https://www.industryarc.com/Research/Double-Sided-Tape-Market-Research-500449

B. Adhesive Tapes Market Analysis

https://www.industryarc.com/Report/15279/adhesive-tapes-market.html

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