Foil tapes cater to an extensive range of industries, and are heavily used in appliance, aerospace, metal finishing, specialty vehicle, machinery, construction, manufacturing and transportation markets. This is expected to be the major contributor to growth of the global foil tapes market. The global foil tapes market is being driven by innovation in terms of adhesives used. New varieties of foil tapes with acrylic adhesives are known to increase their bond with age.
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FMI, in its upcoming business report, elaborates the historical and current scenario of the global Foil Tapes market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.
Crucial information and forecast statistics covered in the Foil Tapes market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
COVID-19 Impact Analysis on Foil Tapes Market
The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Foil Tapes market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.
Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Foil Tapes market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Foil Tapes market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to 5975a distinct competitive edge.
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Foil Tapes Market: Segmentation
Foil Tapes market has been segmented on the basis of backing material, product type, application, and end use.
On the basis of product type, foil tapes market has been segmented in lead foil tapes, aluminium foil tapes, sound damping foil tapes, and butyl foil tapes.
On the basis of application, foil tapes market can be segmented as – temperature resistant barrier, electromagnetic shielding, air tightening, and sealing.
On the basis of end use, foil tapes market can be segmented in automotive, industrial applications, building and construction, manufacturing, foil arts transportation, and logistics.
On the basis of adhesive material, foil tapes market has been segmented in acrylic, silicone, and rubber foil tapes.
On the basis of substrate, foil tapes market has been segmented in aluminium foil tapes, aluminium with glass foil tapes, tin foil tapes, copper foil tapes, steel foil tapes and lead foil tapes.
Foil Tapes Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Foil Tapes market. Competitive information detailed in the Foil Tapes market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Foil Tapes market report.
Few of the key players operating in the global foil tapes market are- 3M, Advance Tapes International Ltd, Shurtape Technologies LLC, Morgan Industries Limited, Zhenjiang Runfa Aluminium Co., Ltd., Tape India, Thomas Publishing Company, Matrix Adhesive Coating Industry, Maxal Impex, Pronat Industries Ltd.
Important Questions Answered in the Foil Tapes Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Foil Tapes market been expanding during the forecast period?
- How will the global Foil Tapes market look like by the end of the forecast period?
- What innovative strategies are adopted by Foil Tapes market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Foil Tapes market?
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Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Foil Tapes market
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