Silicone Tape Market: Global Opportunity Analysis and Industry Forecast, 2023-2030 Market

Silicone Tape Market Outlook - 2027

Silicon tape is a self-amalgamating type tape, i.e., it can adhere to itself without using any other adhesive. It is produced from the cured silicon rubber, which provides extended life and durability in its end use as a shielding tape. Silicone tapes are called as self-amalgamating, self-vulcanizing, or silicone gel tapes. Silicone gel present in silicone tapes contains a small amount of polydimethylsiloxane, which has zinc oxide as a key constituent, which acts as an ultraviolet radiation inhibitor. Owing to this property, silicone tapes are commonly resistant to ultraviolet radiation. 

COVID-19 scenario analysis

The outbreak of the COVID-19 pandemic has severely affected the global silicone tape market.

• Owing to the stringent government regulations implemented for restricted movements to maintain social distancing and lockdowns imposed in several nations, many end-user industries such as electrical and

automotive industries had to stop their productions, which led to decrease in demand for silicone tape in the market.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis:

The growth of the global medical tapes market is majorly driven by rise in incidence of healthcare-acquired infections (HAIs), product line extensions from manufacturers, rise in concern about patient safety among clinicians, and development of single patient use tapes. Moreover, increase in awareness regarding the use of medical tapes for securement among physicians and patients and rise in incidence of wounds, burns, and injuries are expected to boost the revenue growth of the global medical tapes market in the near future.

The development of the chemical industry is a supporting factor of the silicone tapes market. Increase in application of silicone tapes in the chemical industry such as in storage, detecting the leakage of gas during the production, and in transmission contributes toward the growth of the market. In several end-user industries, silicone tapes are widely applicable as adhesives in connections, flanges, valves, joints, and in areas that are prone to vibration damage.  Developments that are made in the silicone tapes such as high stretchability, resistance to high temperatures & salts, high-voltage insulating capabilities, and corrosive resistantance to oils and chemicals are fueling the growth of the market. The advantage of using the silicone tape over conventional tapes is that silicone tapes do not use the adhesives but bond chemically, thus increasing their demand.

The North America region holds the largest share of the silicone tape market, owing to high demand in the several end-user industries in the U.S. Asia-Pacific is anticipated to witness significant growth, due to rapid industrialization in the emerging economies such as Indian and China.

Key benefits of the report

• This study presents the analytical depiction of the global silicone tape industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global silicone tape market share.
• The current market is quantitatively analyzed to highlight the global silicone tape market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the global silicone tape market research report:

• Which are the leading market players active in the global silicone tape market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?

 Silicone Tape Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights