Kapton Tapes are anticipated to grow at a value CAGR of ~x% over 2019-2028. According to a study published by Insure Insights on the Kapton Tapes market is anticipated to grow in the coming years. The increase in demand for films that display more significant temperature stability attributes, unparalleled di-electric insulation properties, and better chemical and solvent resistance that find applications in various end-use industries is flourishing the kapton tape industry. The demand for silicon free substitutes that display high adhesive properties at mid-level temperatures is stoking demand for acrylic based kapton tapes. The growing demand for circuit board masking tape in the manufacture of electronics is another key factor stoking the growth of kapton tape market.
Top Driver: Rising Demand for Kapton in the Electronics Industry is Expected to Drive the Market
Kapton tapes have huge use in the electronic industry in products such as 3-D printing, innovative television products, etc. Various technological advancements in product including tablets, smartphones, smart televisions this field has expected to anticipate the market growth in the future. Furthermore, rising demand for light weight and durable products in the electronics is also expected to drive the market immensely in the forecast period. The increase in disposable incomes of people could also fuel the market in the coming years.
Silicon Segment is Expected to Witness Huge Growth in the Future
Among type segment of the Kapton Tapes market, silicon based Kapton tapes occupied larger market share owing to the various properties of silicon that make it adds up for its preferable choice. The acrylic segment is also expected to witness huge growth in the future. on the basis of application, the market is segmented Industrial, Aerospace and Defense, Automotive, Packaging, Electronics, Others. The industrial segment occupied the largest market share followed by aerospace and defense and automotive.
Growth in Consumption to Benefit North America Market
North American countries such as the US are predicted to grow in electronics and automotive industries. The Substantial research pursuits in the U.S. for the development of newer adhesives such as natural and synthetic rubber for kapton tape would propel the growth of this regional market. Europe trails North America in terms of consumption of kapton tape. The growth of FDI in electronics and automotive sectors, especially Germany, France, and the U.K. are helping the kapton tape market in the region. Asia Pacific is expected to emerge as a leading consumer of kapton tape. The boost in middle class population with disposable incomes is displaying extensive demand for electronics that use kapton tapes.
Players to Focus on Kapton Tapes
The global Kapton Tapes market is expected to stay fragmented with the increase in the number of new entrants in the coming years. Botron Company Inc., Nitto Denko Corporation, 3M Company, CanDo National Tape, E.l. du Pont de Nemours and Company, and Polyonics Inc.
WestRock Company: In January 2018, WestRock Company and KapStone Paper and Packaging Corporation announced the signing of a definitive agreement, pursuant to which WestRock will acquire all of the outstanding shares of KapStone for $35.00 per share and will assume approximately $1.36 billion in net debt, for a total enterprise value of approximately $4.9 billion.
3M: In January 2016, Industrial products manufacturing conglomerate 3M announced that it had agreed to sell its Pressurized Polyurethane Foam Adhesives business to Innovative Chemical Products Group (ICP), a company of Audax Private Equity, for an undisclosed amount. Pressurized Polyurethane Foam Adhesives is part of 3M’s Industrial Adhesives and Tapes Division. It provides pressurized polyurethane foam adhesive formulations and systems into the residential and commercial roofing segments in the U.S., as well as insulation and industrial foam segments.
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