The report “Fire Resistant Tapes Market by Coating Type, Type (Nomex, Acetate, PPS, Glass Cloth, PVC, Polyimide), End-Use Industry (Building & Construction, Electrical & Electronics, Automotive, Aerospace & Defense), & Region – Global Forecast to 2028”, is estimated at USD 0.8 billion in 2023 and is projected to reach USD 1.1 billion by 2028, at a CAGR of 6.0% from 2023 to 2028. The growth of the Fire-Resistant Tapes Market is being driven by a few factors, including increasing demand from construction applications, increasing usage of fire-resistant materials in various industries, and increasing demand for fire resistant tapes from automotive industry. Growth in the market may be hampered by the high processing and manufacturing costs of fire-resistant tapes as well as the lack of standardization in production methods. The market for fire-resistant tapes will grow due to technological innovations, rising industrialization in developing nations, and developments in technology.
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193 Tables of Market Data
65-Figure Set
225 Pages and in-depth TOC on “Fire Resistant Tapes Market – Global Forecast to 2028”
Some of the prominent key players are :
3M (USA)
UK-based Scapa Group Ltd.
US-based Avery Dennison Corporation
Japan’s Nitto Denko Corporation
France’s Saint Gobain
Shurtape Technologies LLC. (US)
Tesa SE (Germany)
Americover Inc. (US)
Boyd Corporation (US)
Rogers Corporation (US)
Tape-Pak Inc. (US)
Nichiban Co. Ltd. (Japan)
Driver: There is a great need in electric vehicles for tapes that withstand fire.
The market for fire-resistant tapes is expanding due in large part to the growing usage of these tapes in electric cars. Because of its advantages for the environment and the rising need for clean energy, electric cars, or EVs, are expanding in popularity. However, they also pose unique fire safety challenges due to the high-voltage battery systems and the potential for thermal runaway, which can lead to fires. Electric cars employ fire-resistant tapes for environmental protection, electrical insulation, and heat-resistant properties. They are applied to battery cells, busbars, and other components to prevent short circuits, overheating, and fires. These tapes are made from materials that have inherent fire-resistant properties or are treated with flame-retardant additives to enhance their fire safety.
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In terms of coating type, the market for fire-resistant tapes is expected to grow at the fastest rate in the double coated variety.
Specialty goods with flame-retardant coatings on both sides to increase fire resistance are called double-coated fire-resistant tapes. Because these tapes are designed to meet stringent fire control requirements, they are commonly utilized in applications that need high degrees of flame resistance. They are suitable for laminating applications requiring flame retardant qualities and offer consistent adhesion to a range of surfaces. Improved fire resistance and consistent adherence to a range of surfaces are features of double-coated fire-resistant tapes. They are particularly useful in specific application situations where flame resistance and high-performance adhesion are essential. They are suitable for uses where the material has to be flame-resistant on both sides.
For the duration of the forecast period, Asia Pacific will have the most market share.
Asia Pacific has the biggest market for fire resistant tapes, followed by North America and Europe. The main drivers of the market’s growth are the rapid economic growth in Asia Pacific and the large investments made in the automotive, building and construction, electrical and electronics, and other sectors. The expanding populations of countries like China and India are another factor propelling economic growth. PPP, or purchasing power parity, indicates that the area accounts for more than one-third of global GDP. Additionally, because of the cheap cost of manufacturing and the area’s closeness to expanding markets like Malaysia, Thailand, Indonesia, and India, a number of corporations are relocating their production facilities to the area.
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