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According to the latest report by Reports and Data, the global Market size for seam tapes was USD 137.47 million in 2021, with an expected revenue compound annual growth rate (CAGR) of 6.5% over the forecast period.
Market revenue growth is driven by rapid technical improvements in the apparel sector, an increase in demand for protective clothing and accessories such as surgical/medical and chemical protection garments, and an increase in the desire for branded apparel and sporting goods in various Asia Pacific nations. Seam tapes are used to cover seams generated when various panels of cloth are sewn together and keep clothing, footwear, vehicle parts, and sporting products dry. They may have two or more layers depending on the end-use application, and are used in industrial work wear, tents, waders, footwear, and military clothes.
Manufacturers’ significant research and development (R&D) investments to generate novel and advanced materials for seam tape production provide a key potential for market expansion throughout the forecast period. Polyvinyl Chloride (PVC) and Polyurethane (PU) developments in adhesive tape backing materials help to increase physical properties such as strength and resistance capacity, as well as form, and are expected to grow at a consistent rate during the projected period.
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Companies profiled in the market report include Bemis Associates Inc., Sealon, Himel, Gerlinger Industries GmbH, DingZing Advanced Materials Inc., Framis Italia Spa, Loxy AS, San Chemicals, Ltd., Essentra plc., and Toray Industries, Inc.
Other major drivers driving market revenue growth include rising disposable income, growing millennial knowledge of best-fit clothing, and greater availability of a varied variety of items in various patterns for sporting, wedding, or everyday wear.
The worldwide seam tapes market is divided into two types: single layered and multi-layered. Due to increased demand for waterproof seams in outdoor apparel, the multi-layered sector accounted for the biggest sales share in 2021.
The Asia Pacific market will account for the most revenue share in 2021, driven by increased usage of seam tapes in intimate apparel and increased demand from the athletic sector. China accounts for 30% of global textile and clothing output, and the Asia Pacific area has the largest textile and apparel manufacturing industry.
Toray Industries, Inc., a Tokyo-based company that develops cutting-edge technologies and advanced materials to address issues related to balancing development and sustainability, announced on January 27, 2023, the development of a new analysis technology for multi-material structures, which includes injection moulding components and unidirectional continuous fiber-reinforced tape. This breakthrough also allows for reliable measurement and prediction of multi-material component attributes. The firm seeks to provide entire solutions that include its novel technologies, in addition to injection moulding resins and other materials, as well as structural design, moulding support, and other services.
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For the purpose of this report, Reports and Data has segmented the global seam tapes industry into Type Outlook, Material Outlook, Application Outlook, Regional Outlook:
Type Outlook (Revenue, USD Billion; 2019-2030)
Material Outlook (Revenue, USD Billion; 2019-2030)
Application Outlook (Revenue, USD Billion; 2019-2030)
Regional Outlook (Revenue, USD Billion; 2019-2030)
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