Flame Retardant Tape Market Scope
Flame Retardant tapes function as a fire block to meet more demanding fire spread and fire survival requirements. These tapes are created on a finely woven glass substrate, which has essential fire retardant properties, and the surface coating also gives texture stability. All of these tapes are free from halogens and sulphur. Flame retardant materials retain the fire from spreading while fire or flame resistant materials are designed to not catch fire. Usually, materials with a flame resistant coating are used in a variety of high temperature environments, providing safety and insulation, such as in the aerospace, automotive, commercial vehicle, construction, and marine industries.
According to AMA, the Global Flame Retardant Tape market is expected to see growth rate of 6.6%The companies are exploring the market by expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Flame Retardant Tape market throughout the predicted period.
3M (United States), Teraoka Seisakusho Co., Ltd. (Japan), MBK Tape Solutions (United States), tesa SE (Germany), Plustar, Inc. (United States), Intertape Polymer Group Inc. (IPG) (United States), AVERY DENNISON Corporation (United States), Nitto Denko Corporation (Japan), Rogers Corporation (United States), Henkel (Germany) and LUXKING (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are XIAOGAN SHUSHI (GROUP) CO., LTD. (China) and Achem Technology Corporation (Taiwan).
Segmentation Overview
The study have segmented the market of Global Flame Retardant Tape market and Region with country level break-up.
On the basis of geography, the market of Flame Retardant Tape has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Constant Improvement in Properties of Flame Retardant Tape and Government Initiative toward the Use of Eco-Friendly Material
Market Growth Drivers:
Increasing Demand for Consumer Electronics and Construction
Challenges:
Penetration of Product into Underdeveloped Nations
Restraints:
High Cost as Compare to other Tapes
Opportunities:
Increasing Constructional Activities
Market Leaders and their Expansionary Development Strategies
In March 2023, Rotunda Capital Partners has acquired Bron Tapes, a premier distributor and converter of pressure-sensitive tapes and adhesives. Bron is the second investment made from Rotunda’s latest fund, Rotunda Capital Partners Fund III, L.P.
In June 2022, tesa, the international manufacturer of innovative adhesive tapes and self-adhesive system solutions, is launching an assortment of flame-retardant adhesive tapes. The new tape tesa flameXtinct, which is already used successfully in the construction industry, is now also employed in the transport industry and in passenger transport. The special features: In the event of a fire, these new adhesive tapes self-extinguish after a short time, and they are completely halogen-free
Key Target Audience
Manufacturers of Flame Retardant Tape, Suppliers of Flame Retardant Tape, Wholesalers, Distributors and Retailers of Flame Retardant Tape, Aerospace Industry, Electronics Industry and Governmental Bodies
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.