Galley Tapes Market Forecast and CAGR
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.
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However, in the medium term, as the global economy starts to revive, and manufacturing facilities become operational once again, demand is poised to witness a steady recovery in medium term, with an optimistic growth outlook in the long run. Muted demand from the aerospace industry will mean limited opportunities in near future, however, sales of galley tapes in the defense aviation sector will provide momentum in the meantime.
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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With the rising demand for fuel-saving and manufacturing lightweight aircraft, various initiatives are being taken by the governments in order to boost the aviation sector in the developing economies opens forth new avenues of opportunities for these tapes market.
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
- 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
- Mask-Off Company Inc.
- By Resin Type
- Ethylene Vinyl Acetate
- By Material type
- Glass cloth
- By End-use Industry
- Commercial aviation
- Civil aviation
- Military aviation
- By Region
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- 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
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
- North America
The report covers following Galley Tapes Market insights and assessment that are helpful for all participants involved in the Intradermal Injections market:
- Data on recently introduced regulations and their impact on key industries and on demand in Galley Tapes Market
- Latest industry Galley Tapes Market with key analysis of market drivers, trends, and influencing factors
- Key trends Analysis of Galley Tapes Market and changing consumer preferences in major industries.
- Changing Galley Tapes Market demand and consumption of diverse products
- Major trends underlining funding by key investors in numerous countries
- New investment opportunities in diverse technology and product or service types
- Comprehensive data and Competitive analysis of Galley Tapes Market major players
- Galley Tapes Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
- Galley Tapes Market demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth
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