5:22 AM The changing dynamics in Aircraft Pressure-Sensitive Tape Market with covid-19 impact assessment. |
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Aircraft Pressure-Sensitive Tape Market. It was estimated prior to this unanticipated outbreak that the Aircraft Pressure-Sensitive Tape Market will reach an estimated value of US$ 354.7 million in 2024. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate. For a more detailed breakdown of the COVID-19 impact on the XYZ Market, request a free sample of the report here: https://www.stratviewresearch.com/Request-Sample/498/aircraft-pressure-sensitive-tape-market.html Aircraft Pressure-Sensitive Tape Market Segment Insights: By Aircraft Type: Commercial aircraft is likely to remain the growth engine of the market during the forecast period. Today, the deliveries of commercial aircraft are at peak in life and have not witnessed a decline in the past seven years. Stratview estimates and OEMs’ announcements suggest that the production of aircraft will continue to increase as both Boeing and Airbus are enjoying a huge pile of order backlogs and have been increasing the production rates of their key programs (B767, B787, A320, and A350XWB). They are also developing fuel-efficient aircraft platforms (A320neo, B777x, and A330neo) to address the grave concern of airlines. Apart from these above-mentioned factors, market entry of COMAC and Irkut in the commercial aircraft segment further substantiates the growth potential of pressure-sensitive tapes in the commercial aircraft segment. By Tape Type: Specialty tape is estimated to remain the larger as well as the faster-growing tape type in the aircraft pressure-sensitive tape market over the next five years. Improved performance characteristics of tapes will continue to drive the specialty pressure-sensitive tape market in years to come. Specialty pressure-sensitive tapes are replacing traditional methods of fastening, which leads to saving time, money, and weight. By Baking Material Type:Fiberglass is estimated to remain the largest backing material type of the aircraft pressure-sensitive tape market in the coming five years, whereas PET is likely to be the fastest-growing backing material type over the same period. Fiberglass backing material offers good heat resistance, flame retardancy, and thermosetting properties, key properties assuring the dominance of fiberglass backing material in the aircraft pressure-sensitive tape market. By Region: North America is expected to remain the largest market for aircraft pressure-sensitive tapes during the forecast period. The USA is the growth engine of the region’s market with the presence of major aircraft OEMs, tier players, pressure-sensitive tape suppliers, and airlines. All the major pressure-sensitive tape suppliers have their presence in the region to address the emergent needs of the OEMs in order to become the partner for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs. Click below to run through the detailed ToC of the report: https://www.stratviewresearch.com/toc/498/aircraft-pressure-sensitive-tape-market.html Features of the Report This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. Based on the research, a proper report is crafted with the following key features:
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