Dublin, Jan. 08, 2019 (GLOBE NEWSWIRE) -- The "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" report has been added to ResearchAndMarkets.com's offering.
Growth of the sports and outdoor apparel industry is expected to drive the overall growth of the seam tapes market
The seam tapes market is expected to grow from USD 205 million in 2018 to USD 283 million by 2023, at a CAGR of 6.7% during the forecast period.
The seam tapes market is driven by various factors such as the growing demand from the sports and outdoor apparel industry, the increase in demand for protective clothing and accessories. However, the volatile price of raw materials can pose a challenge to the growth of the market.
The polyurethane segment is the fastest-growing in the seam tapes market, in terms of value. This growth is attributed to the various benefits of polyurethane in seam tapes compared to polyvinyl chloride. These benefits include high abrasion, impact resistance, water resistance, and high flexibility. In addition to this, its wide range of applications including outdoor gear, military gear, sports apparels, footwear, tents, tarpaulins, hazardous material suits, and backpacks have also contributed to its high growth.
The multi-layered segment is expected to dominate the seam tapes market during the forecast period, owing to the wide range of applications of multi-layered seam tapes in sports and outdoor apparels (caps, gloves, ski wear, swimwear, hiking & tracking apparels, raincoats and jackets, and bottom wear), military apparels (jackets, ponchos, fire suits, and flight jackets), medical apparels (gloves and gowns), protective garments, tents, tarpaulins, footwear, backpacks, automotive (seats, head & armrests, and airbags) and chemical protective garments.
Asia Pacific is expected to be the largest market and have the highest growth rate during the forecast period, owing to the presence of huge garment manufacturing hotspots such as China, India, Vietnam, Indonesia, and Bangladesh in the Asia Pacific region. Cheap labor cost and availability of domestically produced raw material place Asia Pacific as the preferable region to manufacture textile and apparels.
In addition to this, the growing demand for sports and outdoor apparels in China, Japan, and India driven by the growing health awareness as well as an increase in consumer spending on value-added apparels attributable to the rising disposable income is expected to create opportunities for the seam tapes market in the region.
Key Topics Covered:
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Currency Considered
1.5 Unit Considered
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Limitations
3 Executive Summary
4 Premium Insights
4.1 Developing Economies to Register High Growth in the Demand for Seam Tapes
4.2 Seam Tapes Market, By Type
4.3 Seam Tapes Market, By Backing Material
4.4 Asia Pacific Seam Tapes Market, By Backing Material and Country
4.5 Seam Tapes Market: Key Countries
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Sports and Outdoor Apparel Industry
5.2.1.2 Increase in Demand for Protective Clothing and Accessories
5.2.2 Opportunities
5.2.2.1 Emerging Economies in the Asia Pacific
5.2.3 Challenges
5.2.3.1 Volatile Raw Material Prices
5.3 Porter's Five Forces Analysis
5.4 Production Process
5.5 Substitutes of Seam Tapes
6 Seam Tapes Market, By Type
6.1 Seam Tapes Market, By Type
6.2 Single-Layered
6.2.1 Single-Layered Seam Tapes Find Application in Polyvinyl Chloride and Polyurethane Garments
6.3 Multi-Layered
6.3.1 Multi-Layered Segment to Be the Largest Segment of the Seam Tapes Market
7 Seam Tapes Market, By Backing Materials
7.1 Seam Tapes Market, By Backing Material
7.2 Polyurethane
7.2.1 Polyurethane to Be the Leading Backing Material in the Seam Tapes Market
7.3 Polyvinyl Chloride
7.3.1 Polyvinyl Chloride is Flexible, Transparent, Light, and Resistant to Water
7.4 Others
7.4.1 The Others Segment is Projected to Record the Lowest Growth Rate During the Forecast Period
7.5 Tricot
7.6 Non-Woven
8 Seam Tapes Market, By Region
9 Competitive Landscape
9.1 Overview
9.2 Market Ranking
10 Company Profiles
10.1 Bemis Associates
10.2 Toray Industries
10.3 Sealon
10.4 Himel Corp.
10.5 Loxy as
10.6 Gerlinger Industries
10.7 Essentra
10.8 Ding Zing
10.9 Adhesive Film
10.10 San Chemicals
10.11 Geo-Synthetics
10.12 GCP Applied Technologies
10.13 Traxx Corp.
11 End-Users of Seam Tapes
11.1 Adidas AG
11.2 The North Face
11.3 Ralph Lauren Corporation
11.4 Under Armour
11.5 Columbia Sportwear Company
11.6 The Dishang Group
11.7 Admiral Sportswear
11.8 Ksa Polymer
11.9 Heartland Textile
11.10 Sattler AG
11.11 Dick's Sporting Goods
11.12 Mountain Warehouse Limited
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