SEAM SEALING TAPES MARKET ANALYSIS

Seam Sealing Tapes MarketSize and Trends

Market Dynamics

Seam sealing tapes market is expected to witness growth due to rising fashion, textiles, and apparel trends, as well as rising demand for protective apparel and accessories for military, surgical, medical, and chemical protection. The market’s growth is attributed to the advantages of employing sealing tapes in several applications. Moreover, increasing demand for gasket sealing tapes in global markets is expected to drive growth of the market during the forecast period. The growth of the Seam sealing tapes market is being fueled by rising sports industries, such Nike, Adidas in emerging nations such as China and India.

The rising demand for protective gears and accessories is also expected to propel the seam sealing tapes market growth. In addition, growth of the seam sealing tapes market is being driven by changes in lifestyle, and fashion trend to substitute sewing with adhesive film.

Market Trends

However, growth of the market is expected to be hindered by the volatility of raw material prices for sealing tapes. Furthermore, growing living standards in emerging nations, such as North America are driving demand for branded apparel, which is expected to create lucrative growth opportunities for seam sealing tapes market. During the forecast period, however, seam sealing tapes price variations may have an impact on market growth.

Market Outlook

The expansion of broad range of garment manufacturing hubs in Asia Pacific countries such as India, China, Vietnam, Bangladesh, and Indonesia is expected to fuel growth of the seam sealing tapes market over the forecast period. These countries are also the largest fabric exporters. For instance, in 2018, according to Federation of Indian Chambers of Commerce and Industry (FICCI) with exports of US$ 37 billion, India has solidified its position as the world's third largest supplier of textiles and clothing. Asia Pacific has emerged as the lucrative region for manufacturing garments and textiles due to its low labor costs and easy access to locally produced raw materials. This is expected to drive growth of the seam sealing tapes market in Asia Pacific