Seam Tapes Market Worth $290 Million by 2024
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.
About TechSci
Research
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