Growing sports and outdoor apparel industry along with rising demand for protective clothing and accessories to boost global seam tapes market through 2024.
According to a report released at TechSci Research, “Global Seam Tapes Market By Type, By Backing Material, By Region, Competition, Forecast & Opportunities, 2024” global seam tapes market is anticipated to witness healthy growth during forecast period, with a projected revenue of $ 290 million by 2024. Anticipated growth in the market can be attributed to growing sports and outdoor apparel industry and increasing demand for protective clothing and accessories. However, volatility in the prices of raw material is hampering the growth of the global seam tapes market.
Based on backing material, the market has been segmented as polyvinyl chloride, polyurethane, nylon & others. Among these segments, the polyurethane segment is anticipated to grow at the highest CAGR in global seam tapes market during forecast period on account of its various benefits like high impact and abrasion resistance, water resistance as well as high flexibility. Additionally, its broad range of applications which include outdoor gear, sports apparels, military gear, tarpaulins, tents, hazardous material suits, and backpacks is further contributing to its high growth.
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Seam tapes are multi-layered adhesive films that are applied on sewn seams to prevent the leakage of water. These tapes are used to waterproof apparel, footwear, automotive parts, and sporting goods. They may contain two or more layers depending on the end-use applications. Global seam tapes market is broadly segmented into type, backing material and region. Based on type, the market is segmented as single-layered and multi-layered, of which latter is the dominating segment owing to its numerous advantages such as superior waterproofing, excellent adhesion, and a wide range of applications. Some of the applications where multi-layered seam tapes include apparels, tents, tarpaulins, footwear, and backpacks, among others.
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“Based on region, the market has been segmented as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Factors such as strong government support, availability of raw material, rapid economic development and cheap labor are driving textile & apparel manufacturing industry across different countries of the Asia-Pacific, which, in turn, is likely to fuel growth in seam tape market. Furthermore, the growth of Asia Pacific seam tapes market is supported by the booming textile and garment manufacturing industries in countries like India, Vietnam, China, Indonesia, Bangladesh, Cambodia and Thailand.” stated Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Seam Tapes Market By Type, By Backing Material, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global Seam Tapes market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the global Seam Tapes market.
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