Aerospace Tapes Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Aerospace Tapes Market is segmented By Resin Type (Acrylic, Rubber, Silicone, Others), By Category (Specialty, Masking), By Backing Material (Paper/tissue, Film, Foam, Others), By Application (Interior, Exterior), By End-Users (Commercial Aviation, Military Aviation, General Aviation, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Aerospace Tapes Market Overview

Global Aerospace Tapes Market is estimated to grow at CAGR of 6.2% during the forecast 2024-2031.

Aerospace tapes are the tapes used for composite bonding, surface protection, high-temperature masking, moisture barrier, painting, and stripping for the aerospace industry. The aerospace tapes are widely used for interior applications, construction, surface protection, assembly of plastic parts, carpet, and to repair aerospace parts.

Aerospace Tapes Market Summary

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Aerospace Tapes Market Dynamics

The market is driven by demand for aerospace tapes in various industries including commercial aviation, military aviation, and general aviation as these tapes provide excellent resistance to chemicals, fluids, abrasion, UV, and high temperatures. These tapes provide the pressure-sensitive adhesive solutions for sound/vibration damping, bonding, and protection of parts in the aerospace industry. The aerospace tapes are used to replace the old/aging aircraft and modernizing the existing aircraft.

The rise in the launch of the novel and innovative aerospace tapes shall stimulate market growth over the forecasted period. For instance, in October 2015, Victrex had launched the composites for the Aerospace industry in the form of unidirectional (UD) tape and laminate panels. In June 2015, W. L. Gore & Associates, Inc., had enhanced its line of GORE SKYFLEX Aerospace Materials with a new aviation fluid-repellent tape. This new aviation fluid-repellent tape is available in various sizes. It is suitable for use on the belly fairings, engine nacelles, tail boom covers, fuel bladders, and access panels. This gap-filling material provides durable, reliable protection in the most demanding conditions, including wide temperature ranges, bending, flexing, and exposure to chemically aggressive aircraft fluids.

In March 2012, 3M Aerospace had launched the Polyurethane Protective Tapes for Aircraft Interior Corrosion Protection. The 3M Polyurethane Protective Tapes provide the durable and flame-resistant barrier that prevents costly corrosion damage to aircraft floor systems and can be installed easily and quickly for a variety of applications.

There is an increase in the research and development activities for aerospace tapes. For instance, in March 2019, Hexcel and Arkema had opened a joint research and development laboratory in Les Avenieres in France. Both the company aims at the development of the carbon fiber-reinforced thermoplastic prepreg tapes to enable lightweight parts to be produced for future generations of aircraft. These solutions would provide the carbon-fiber-reinforced thermoplastic prepreg tapes to enable lightweight parts to be produced for future generations of aircraft.

Aerospace Tapes Market Segmentation Analysis

The aerospace tapes market is segmented based on resin type as acrylic, rubber, silicone, and others. The acrylic segment accounts for the highest market share as there is higher penetration of the acrylics aerospace tapes due to their properties such as high shear strength, fast-curing time, excellent resistance to oxidation, excellent water resistance, and exceptional anti-aging properties. The acrylics aerospace tapes are firmer and more durable in comparison to the rubber-based adhesive tapes. The acrylics aerospace tapes are widely used for bonding the carpet, floorings, and galley mats in aircraft because of their excellent adhesion properties. The acrylics aerospace tapes provide the erosion protection of aircraft leading edges, propellers, de-icer systems, and helicopter rotors. The acrylics aerospace tapes are effective for leaflets, surface, and paint protection.

The silicone segment is expected to have positive market growth due to the rising demand for silicone aerospace tapes as these tapes resist fuels, oils, acids, solvents, UV, Ozone, high-heat, flame exposure, solder drips & sparks. The silicone formulation provides optimal thermal dispersion. The market is dominated by the presence of several silicone aerospace tapes. For instance, FlameShieldä Mil-spec Aviation Silicone Tape is a self-extinguishing non-flammable tape without an adhesive. It forms an excellent seal that is weather/water / air-tight when wrapped around electrical connections and connectors, cable and wiring splices, hydraulic hose protection sleeves, duct joints, and other electromechanical devices.

Further, the aerospace tapes market is also classified based on the backing material as paper/tissue, film, foam, and others. The paper/tissue segment accounts for the highest market share of XX% in 2019 owing to the higher adoption of the paper/tissue aerospace tapes as these tapes are environmentally-friendly and available in a variety of colors. The paper/tissue aerospace tapes are the ideal choice for aircraft manufacturing as these tapes are thin, flexible, and smooth. These aerospace tapes are made up of crepe paper, and rubber adhesive coating. The paper tapes have good holding power, heat insulation, and temperature resistance properties.

Global Aerospace Tapes Market Geographical Share

By region, the aerospace tapes market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, North America dominated the aerospace tapes market due to the presence of a large number of the major players with their manufacturing facilities and distribution networks. There are various regulations imposed by the government that monitors the performance and commercialization of aerospace tapes. The United States accounts for the highest market share of XX% in 2019 as the United States aerospace industry is the largest in the world. There is a high investment for the development of the aircraft. According to the Select USA, the aerospace industry contributed approximately USD 151 billion in export sales to the United States economy. Foreign direct investment (FDI) in the aerospace industry was USD 22 Billion in the United States in 2018. It is further expected that North America would maintain its dominant market position over the forecasted period.

The Asia-Pacific is expected to have positive market growth due to the growing aerospace industry. There is an increasing number of providers offering aircraft maintenance, repair, and overhaul (MRO) needs. According to the Wisconsin Economic Development Corporation (WEDC), Southeast Asia has 1,656 more aircraft on order than their existing fleets of 1,449, of which approximately 80% are bound for low-cost carriers.

Aerospace Tapes Market Companies and Competitive Landscape

The aerospace tapes market is highly competitive with the presence of several international and local market players. The product diversification, technological advancement, revenue generation, and opportunities intensify the market competition. 3M Company, Nitto Denko Corporation, Avery Dennison Corporation, Tesa SE, Scapa Group Plc, Intertape Polymer Group, and Berry Global Group, Inc. are the leading market players with significant market share.

Companies are using novel product launches, technological advancement, new product development, capacity utilization, and market expansion strategies for holding their position in the market. For instance, in September 2019, Solvay had expanded its thermoplastic composites capacity with a new production line at its United States facility in Anaheim, California, underscoring its commitment to meeting strong demand growth from aerospace customers for this high-performance material and Solvay’s proprietary and unique technology. Solvay has multiplied its qualified capacity by four since 2016 with the commissioning of this new tape line and upgrades to existing lines. These expansions would help the company to improve the output but also the quality, consistency, and industrial reliability.

The companies are entering into collaborations, mergers, strategic partnerships, and acquisitions to increase the demand for aerospace tapes and their expansion across the globe. For instance, in March 2019, Teijin Ltd had acquired the Renegade Materials Corp., a North American supplier of highly heat-resistant thermoset prepreg for the aerospace industry. Renegade would become a wholly-owned subsidiary of Teijin. This acquisition would help the company to benefit from Renegade’s well-established proprietary technologies and solution capabilities in heat-resistant thermoset prepregs and to expand its business in the aerospace field including next-generation aircraft engine parts.

In March 2018, Hexcel had entered into the collaboration with Arkema for the development of thermoplastic composite solutions for the aerospace sector combining the expertise of Hexcel in carbon fiber and that of Arkema in PEKK. This collaboration includes the development of the carbon-fiber-reinforced thermoplastic tapes to produce lightweight parts for future generations of aircraft. These new composites would provide the lower cost and faster production speeds for customers in the aerospace and space and defense sectors

In June 2017, Intertape Polymer Group Inc. had entered into an agreement to acquire substantially all of the assets of Canadian Technical Tape Ltd. This acquisition would enhance and extend the Company's product offering, and provide additional distribution channels for IPG products in Canada, the US, and Europe.

In July 2017, Berry Global Group had acquired the Adchem Corp., a leader in the development of high-performance adhesive tape systems. This combination of Berry and Adchem would enhance the ability to service the needs of the specialty tape customers through expanded technologies, product line extensions, and access to new channels to market.