Fior Markets launched a study titled “Global Seam Tape Market by Type (Single-layered, Multi-layered), Backing Material (Polyurethane, Polyvinylchloride, Others), Application, Regions”,and Global Forecast 2018-2025.
The global seam tape market is expected to grow from USD 196.42 Million in 2017 to USD 336.47 Million by 2025, at a CAGR of 6.96% during the forecast period from 2018-2025.Increasing worldwide emphasis on maintaining health and fitness as well as growing sports culture are generating huge demand for the sports apparel and accessories, thus driving the growth of global seam tape market.
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Multi-layer segment is anticipated to grow at a highest CAGR of 9.31% in 2018-2025
Type segment is divided into single-layered and multi-layered. On account of theirexcellent waterproofing properties as well as and ability to adhere to variety of materials, multi-layered seam tapes are extensively used in production of footwear, backpacks and apparels. Multi layered seam tape segment emerged as the leader in global demand for the seam tapes with USD 120.55 million revenue in 2017.Single layered seam tape segment is projected to progress at a reduced pace owing to its limited application range.
Polyurethane segment had a market value of USD 83.88 million in 2017
Backing material is segmented into polyurethane, polyvinylchloride and others.Owing to its excellent light, and oxygen and water barrier properties polyvinylchloride segment is anticipated to progress at a healthy pace over the forecast period. Whereas qualities of high flexibility, abrasion and water resistanceled polyurethane segment emerge as a dominant segment with USD 83.88 million revenue in 2017.
Surgical segment is projected at a CAGR of 8.82% in 2018-2025
Application segment is categorised into sports, surgical, military, industrial and others.Rising worldwide focus on maintaining health and fitness status as well as growing sports culture led sporting segment emerge as the leading segment with USD 96.06 million in 2017. Rise in military modernisation activities world over have propelled military segment to account for a robust market share in 2017. On account of increasing investment on improving healthcare facilities in the developing economies, healthcare segment is projected to grow at the highest CAGR of 8.82% over the forecast period.
Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. Presence of well-established apparel manufacturing industry as well as rising demand for the sports and industrial protection apparels led Asia Pacific region to emerge as the largest market for the seam tape with USD 77.60 million revenue in 2017
Major players in the global seam tape market are Bemis Associates, Toray Industries, Himel Corp., Sealon, Loxy AS, Gerlinger Industries, DingZing, Adhesive Films, San Chemicals, Essentra among others.
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