The global seam sealing tapes market size is expected to grow from USD 205 million in 2018 to USD 283 million by 2023, at a compound annual growth rate (CAGR) of 6.7% during the forecast period. The growing sports and outdoor apparel industry is expected to drive the growth of the seam sealing tapes market.
The seam sealing tapes market is dominated by major players such as Bemis Associates (US), Toray Industries (Japan), Himel Corp. (Korea), Sealon (Korea), Loxy AS (Norway), Gerlinger Industries (Germany), DingZing (Taiwan), Adhesive Films (US), San Chemicals (Japan), and Essentra (UK). These players have established brands, a wide product portfolio, and a strong geographical presence.
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Bemis Associate is a leading global manufacturer of thermoplastic adhesives, films, and coatings. Its wide range of products caters to a variety of applications across apparel, soft goods, handbags & wallets, intimate fabrics, and other markets. It has a strong foothold in North America, Europe, and Asia Pacific; it has warehousing and authorized distribution networks in Hong Kong, Vietnam, London, the US, Portugal, Italy, China, and Turkey. The company has a strong focus on sustainability; for instance, it uses water-based and UV cured inks for its printed seam sealing tapes; and most of its products contain almost no VOC.
Toray Industries is a global integrated chemical industry group that is engaged in the manufacturing, processing, and selling of fibers & textiles, performance chemicals, and carbon fiber composite materials, among others. It has a strong global presence, with 157 subsidiaries overseas and 100 subsidiaries in Japan. It has a rich product portfolio of seam sealing tapes that are used in outdoor equipment, ski wear, and rainwear.
Seam Tapes Market by Type (Single-layered, Multi-layered), Backing Material (Polyurethane, Polyvinyl chloride), and Region (North America, Europe, Asia Pacific, Middle East & Africa, South America) - Global Forecast to 2023
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