According to the latest research by Fact.MR, galley tapes market is set to witness steady growth of 4.2% during 2021-2031. It is evident that, there has been a delay in the manufacturing of aircraft, owing to multiple manufacturing plants being shut. Besides, as aircraft manufacturing experiences demand delays, this would trickle down to these tapes market as well.
The latest Fact.MR study provides a comprehensive understanding of Galley Tapes market growth curve with gross margin, and demand-supply process, Galley Tapes market sales & demand. The competitive perspective section of report presents a clear insight into market share analysis of major players in industry.
What is Driving Demand for Galley Tapes?
The demand for air travel is poised to increase in developing countries due to the rising urge for commuting using airplanes owing to ever-increasing residual incomes and shorter commute times. This will augment the growth of the aviation sector, which will in turn fuel the growth of the global galley tapes market.
A rise in the replacements of old aircraft with state-of-the-art aircraft in accordance with the environmental regulations will surely aid towards the growth of its demand in the developed economies.
Moreover, aircraft repair services are expected to grow at a rapid pace as the majority of the countries are undertaking repair of older aircraft from time to time. This would drive the demand for tapes and accessories used during the repair activities, and in turn, drive the sales of these tapes as well.
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The sales study on the Galley Tapes market offers a scrutiny of the demand and consumption volumes, factors affecting these, and share and size of the various end-use segments.
Key Segments
-
By Resin Type
- Rubber
- Acrylic
- Epoxy
- Silicone
- Polyurethane
- Ethylene Vinyl Acetate
- Cyanoacrylate
- Butyl
-
By Material type
- Foil
- Film
- Foam
- Glass cloth
- Paper
- Cloth
-
By End-use Industry
- Commercial aviation
- Civil aviation
- Military aviation
-
By Region
- North America
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Europe
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Oceania
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
The market outlook report provides insights into various aspects and growth of Galley Tapes industry. Some of the dynamics on which the study focuses are:
- Galley Tapes market key drivers, restraints, and current size.
- Galley Tapes market sales revenue potential of various application areas.
- Key focus of key players for investments.
- Most prominent avenues for Galley Tapes market growth.
- Detailed segmentation based on various parameters.
- Strategic landscape.
- Region-wise assessment.
- Regions that are outliers to the general growth & trends.
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Who are the Key Manufacturers and Suppliers of Galley Tapes?
Some of the leading manufacturers and suppliers of galley tapes include
- 3M Company
- Nitto Denko Corporation
- Avery Dennison Corporation
- Tesa SE
- Scapa Group plc
- Intertape Polymer Group
- Compagnie de Saint-Gobain S.A.
- Berry Global Inc.
- Advance Tapes International
- Stokvis Tapes BV
- Shurtape Technologies
- LLC
- DeWAL Industries
- MBK Tape Solutions
- GERGONNE – The Adhesive Solution
- Adhesives Research Inc.
- American Biltrite Inc.
- Can-Do National Tape Inc.
- Av-DEC Inc.
- JTAPE Limited
- Fralock Innovative Materials Manufacturing & Automation
- UltraTape
- Mask-Off Company Inc.
North America Galley Tapes Market Outlook
North America is the most prominent region, holding a majority share of the global market during the forecast period. The US remains one of the leading manufacturers of aircraft in the world.
Owing to this, the US is one of the largest markets for these tapes globally. However, demand is likely to remain muted in the next couple of years, as a number of end-use industries make a gradual recovery.
The presence of distribution networks and manufacturing facilities of the prominent players of the shipment, improvement in the standard of living are going to propel the demand during the assessment period.
Demand for these tapes in the US and Canada will be led by the aerospace and defense sector. Commercial, as well as civil aviation, will account for low demand for galley tapes till 2023, as air travel continues to be impacted.
However, this sluggishness will be compensated to an extent by demand from the US defense sector. The US and Canada defense spending are likely to remain steady in 2022 and beyond, and this will continue to benefit these tapes manufacturers.
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