PUBLISHER: The Business Research Company | PRODUCT CODE: 1546482
PUBLISHER: The Business Research Company | PRODUCT CODE: 1546482
Fire-resistant tapes are adhesive tapes designed specifically to withstand combustion and flames, crucial for applications requiring stringent fire safety standards such as construction, electrical installations, automotive industries, and aerospace. These tapes are crafted from materials capable of enduring high temperatures and preventing the spread of flames, offering a protective layer in potentially hazardous environments.
Key types of fire-resistant tapes include nomex, acetate, polyphenylene sulfide (PPS), glass cloth, polyimide, polyvinyl chloride (PVC), and others. Nomex tapes, for instance, are crafted from a durable synthetic fiber renowned for its exceptional thermal, chemical, and radiation resistance, prominently used in aerospace, military, and industrial sectors where high heat and flame resistance are paramount. These tapes are available in single-coated and double-coated configurations, serving various industries including building and construction, electrical and electronics, automotive, aerospace and defense, among others.
The fire resistant tapes market research report is one of a series of new reports from the business research company that provides fire resistant tapes market statistics, including fire resistant tapes industry global market size, regional shares, competitors with an fire resistant tapes market share, detailed fire resistant tapes market segments, market trends and opportunities, and any further data you may need to thrive in the fire resistant tapes industry. This fire resistant tapes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The fire resistant tapes market size has grown strongly in recent years. It will grow from $0.75 billion in 2023 to $0.81 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. During the historic period, growth was driven by several factors including stringent safety regulations, increasing awareness about fire safety, rapid industrialization and urbanization, infrastructure development initiatives, and a rising incidence of fires prompting heightened precautions and investments in fire-resistant technologies.
The fire resistant tapes market size is expected to see strong growth in the next few years. It will grow to $1.07 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. In the forecast period, growth is expected to be driven by increasing demand from emerging economies, a shift towards sustainable solutions, higher investments in safety measures, expansion across various end-user industries, and growing demand from the healthcare sector. Key trends anticipated during this period include the integration of fire safety systems into smart building solutions, leveraging smart technologies for enhanced safety measures, advancements in material science to improve fire-resistant properties, the adoption of customized solutions tailored to specific needs, and the use of environmentally friendly and safer materials in fire-resistant applications.
The fire-resistant tapes market is poised for growth driven by the rapid expansion of the construction industry. Urbanization, population growth, and infrastructure development demands such as residential, commercial buildings, and transportation networks are key drivers. Government initiatives and investments in smart city projects, alongside advancements in construction technologies, further accelerate industry growth by improving efficiency and sustainability. Fire-resistant tapes play a critical role in enhancing fire safety measures, ensuring compliance with building codes, and protecting essential building components from fire hazards. For example, the Office for National Statistics reported a 5.6% annual growth in construction output in 2022, following a substantial 12.8% increase in 2021, underscoring the robust expansion of the construction sector driving demand for fire-resistant tapes.
Leading companies in the fire-resistant tapes market focus on material and technology advancements, particularly with self-extinguishing and halogen-free tapes. These advanced materials are designed to extinguish flames and minimize toxic emissions during fire incidents, thereby enhancing safety standards across various industries. Tesa Tapes Pvt. Ltd., for instance, launched flameXtinct in June 2022, initially targeting the construction sector and expanding into transport industries. These tapes feature self-extinguishing properties and are entirely halogen-free, ensuring superior fire protection and compliance with stringent safety regulations.
In April 2021, SWM International strengthened its position in the market by acquiring Scapa Group Ltd., a UK-based manufacturer of industrial fire-resistant tapes and adhesives. This strategic move enhances SWM's product portfolio with innovative materials and technologies, reinforcing their commitment to delivering high-performance solutions globally and expanding their market presence.
Major companies operating in the fire resistant tapes market are Compagnie de Saint-Gobain S.A., 3M Company, Henkel AG & Co. KGaA, Berry Global Inc., E. I. du Pont de Nemours and Company (DuPont), Avery Dennison Corporation, Nitto Denko Corporation, H.B. Fuller Company, Boyd Corporation, tesa SE, ORAFOL Europe GmbH, Rogers Corporation, Lohmann GmbH & Co. KG, Shurtape Technologies LLC, Achem Technology Corporation, Permacel, CCT Tapes, Advance Tapes International Ltd., Tekra LLC, GERGONNE - The Adhesive Solution, AI Technology Inc., Scapa Group Ltd., Americover Inc., Tape-Pak Inc., Nichiban Co. Ltd.
Asia-Pacific was the largest region in the fire resistant tapes market in 2023. The regions covered in the fire resistant tapes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the fire resistant tapes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The fire resistant tapes market consists of sales of self-extinguishing tapes, halogen-free tapes, insulation tapes, and barrier tapes. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Fire Resistant Tapes Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on fire resistant tapes market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for fire resistant tapes ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The fire resistant tapes market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.