The global seam tape market is expected to see a jump 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. In the Asia Pacific region, the market generated USD 77.60 million revenue in 2017, resulting as the largest market for the seam tape. Presence of well-established apparel manufacturing industry, as well as rising demand for the sports and industrial protection apparels, were the driving factor of this demand.
“Global Seam Tape Market by Type (Single-layered, Multi-layered), Backing Material (Polyurethane, Polyvinylchloride, Others), Application, Regions”, and Global Forecast 2018-2025.
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Top players competing in the market include Bemis Associates, Toray Industries, Himel Corp., Sealon, Loxy AS, Gerlinger Industries, DingZing, Adhesive Films, San Chemicals, Essentra among others. Firms are increasingly collaborating with apparel brands to develop innovative products to achieve their objective of increasing the comfort and performance of sports apparel. For instance, in 2016, Bemis Associates made the announcement of its partnership with drirelease. The aim of this collaboration was to develop an innovative seam tape by integrating their expertise. They developed seam tape to provide the same comfort and performance in the seams of the garment as in the fabric.
Type segment covers single-layered and multi-layered. Multi-layered seam tapes are widely used in the production of footwear, backpacks, and apparels due to their excellent waterproofing properties as well as an ability to adhere to a variety of materials. Thus multi-layered seam tape segment dominated the global demand for the seam tapes with USD 120.55 million revenue in 2017. Backing material includes polyurethane, polyvinylchloride, and others. Polyurethane segment emerges as the leading segment with USD 83.88 million revenue in 2017. Here qualities of high flexibility, abrasion and water resistance contributed to the segment. Due to its excellent light, and oxygen and water barrier properties polyvinylchloride segment would see healthy growth over the forecast period. Application segment is divided into sports, surgical, military, industrial and others. In 2017, sporting segment appeared as a leading segment with USD 96.06 million. Growing worldwide focus on maintaining health and fitness levels as well as growing sports culture were the key factors behind growing demand. Healthcare segment is anticipated to see the highest growth with the highest CAGR of 8.82% over the forecast period due to increasing investment in improving healthcare facilities in the developing economies. The rise in military modernisation activities world over have propelled military segment to account for a robust market share in 2017.
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Factors driving the global seam tape market include growth of the global sports and outdoor apparel manufacturing industry as well as increasing demand for the protective clothing. Whereas volatility in the raw material prices is anticipated to become a major restrainer in the market growth over the forecast period.
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