The Aramid Tapes Market is projected to register high demand during the forecast period with increasing demand from major end-use industries such as Aerospace & Defense, Protection Equipment, Automotive, and Electrical & Electronics during the forecast period. 

Aramid fibers are extremely strong, lightweight, and low-density materials that can withstand high temperatures as well as corrosion. Aramid fibers are stronger than steel and dielectric in nature with very high melting points.

Segment Analysis:

Electronics is the major end user of aramid tapes. Aramid tapes are used as an outer wrapping of high-temperature cables where fiberglass cloth is not able to withstand extreme temperatures. It is an insulating material for electrical applications. It helps to avoid high current discharge and thermal runaways. It is used as phase insulation for electric motors and generators. In transformer coils, aramid tapes provide electrical isolation to avoid any kind of electrical contact, which will interfere with transformer functioning. In the defense sector, aramid tapes are used as bulletproof materials or as pressure-sensitive coating materials. Its physical properties make it an excellent coating material. Saint Gobain S.A. is the world’s leading producer of aramid tapes. It has a global presence across all market segments.

The aramid tapes market is mainly concentrated in the Asia Pacific region. The region accounts for approximately 45% of the global share while North America accounts for 30% of the global share. However, this market in Europe is projected to grow higher than in North America during the forecast period. The demand for aramid tapes is expected to grow gradually in the Middle East during the forecast period.

Key Factors Impacting Market Growth:

• Growing electronics industry across the globe
• Substitute for steel
• Substitute to fiberglass cloth in pressure-sensitive applications

Regional Analysis:

The aramid tapes market by region has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America, Western Europe, and Asia Pacific are estimated to be major regions for aramid tapes market during the forecast period. The high growth of supply chain activities to cater various industries and development of packaging solutions is key to the growth of aramid tapes market in this region. In addition to this development of cold chain systems to cater perishable goods and government regulations on packaging waste disposal is also governing the demand for aramid tapes market in this region. Major industries in these regions are estimated to be Aerospace & Defense, Protection Equipment, Automotive, and Electrical & Electronics. The Asia Pacific amongst this with increasing trade activities and industrial growth is estimated to be one of the fastest-growing markets during the forecast period. Middle East region promises a strong market potential during the forecast period. The diversification of economic activities leading to industrial growth is key to the demand for aramid tapes market in this region. South America and Africa are emerging regions in terms of market demand during the forecast period.

Companies Covered: Saint Gobain S.A., Cristex, Colan Australia,  Yantai Tayho Advanced Materials Co., Teijin Aramid, and Bally Ribbon Mills 

Key Developments:

• In July 2018, Yantai Tayho Advanced Materials Co. (China) invested USD 89 million in the expansion of the para-aramid manufacturing facility in China. The operation in this facility is expected to commence in 2020. The expansion will help the company to strengthen its market position in China as well as in other parts of the world. 

Market Segmentation:

By Type:

• Para-aramid Adhesive Tapes
• Meta-aramid Adhesive Tapes
• Others

By Application :

• Optical Fibers
• Rubber Reinforcement
• Tire Reinforcement
• Electrical Insulation
• Others

By End-Use Industry:

• Aerospace & Defense
• Protection Equipment
• Automotive
• Electrical & Electronics

By Region:

• North America
  • By Country (US, Canada, Mexico)
  • By Type
  • By Application
  • By End-Use Industry
• Western Europe:
  • By Country (Germany, UK, France, Spain, Rest of Western Europe)
  • By Type
  • By Application
  • By End-Use Industry
• Eastern Europe:
  • By Country (Russia, Turkey, Rest of Eastern Europe)
  • By Type
  • By Application
  • By End-Use Industry
• Asia Pacific
  • By Country (China, Japan, India, Rest of Asia Pacific)
  • By Type
  • By Application
  • By End-Use Industry
• Middle East:
  • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
  • By Type
  • By Application
  • By End-Use Industry
• Rest of the World
  • By Region (Latin America, Brazil, Rest of the World)
  • By Type
  • By Application
  • By End-Use Industry

Reasons to Buy This Report:

• Market size estimation of the global aramid tapes market on a regional and global basis
• The unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

• By Segment
• By Sub-segment
• By Region/Country

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