abrasion

Abrasion Resistant Coatings Market Product Segment of the Forecast To 2019-2028

Feb 17, 2019 (WiredRelease via COMTEX) -- Increasing demand for abrasion resistant coatings form the marine, electronics, and oil & gas industries is major factor expected to drive growth of the global abrasion resistant coatings market over the forecast period.

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The global abrasion resistant coatings market report has been segmented on the basis of type, application, and region.

On the basis of product, the global abrasion resistant coatings market has been segmented into metal/ceramic based coatings and polymer based coatings. The metal/ceramic based coatings segment is estimated to account for significant share in terms of revenue in the global abrasion resistant coatings market, owing to its excellent chemical and wear resistant properties. The metal/ceramic based coatings segment revenue is also projected to register highest CAGR over the forecast.

On the basis of application, the global abrasion resistant coatings market has been segmented intopower generation, oil & gas, marine, industrial, infrastructure, transportation, and other applications (food processing, electronics, consumer goods, and pulp & paper). The oil & gas segment is estimated to account for major share in the global abrasion resistant coatings market in terms of revenue.

On the basis of region, the global abrasion resistant coatings market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

North America market is expected to dominate with major revenue share in the global abrasion resistant coatings market in 2017. Asia Pacific market is projected to register highest CAGR in terms of revenue in next 5 years, owing to increasing demand from oil & gas, marine, and electronics industries in countries in this region.

Key players operating in the global market include Akzonobel N.V., Compagnie de Saint-Gobain S.A., Jotun A/S, The Sherwin-Williams Company, Hempel A/S, Praxair Surface Technologies, Inc., Sika AG, HARDIDE PLC, Bodycote plc, PPG Industries, Inc., Arkema S.A., and Evonik Industries AG.

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Points Covered In Report The market report gives a ahead looking prospect on distinct factors driving or prohibiting market growth. The market report includes main point study for changeable competitive dynamics The Report on gives the clear understanding of the main product segments and their future. It include a forecast(2018-2027) estimate on the basis of how the market is witnessed to grow It helps to take business people a decisive judgment by having complete in-depth of market. The market report offers complete analysis of competitive landscape and keeps you forward of competitors

Sealing & Strapping Packaging Tapes Market Worth $22.1 Billion by 2023 - Exclusive Report by MarketsandMarkets™

CHICAGO, Feb. 19, 2019 /PRNewswire/ -- According to the new research report "Sealing & Strapping Packaging Tapes Market by Material (PP, Paper, PVC), type of adhesive (Acrylic, Rubber-based, and Silicone), Applications (Carton sealing and Strapping & bundling), and Region - Global Forecast to 2023", published by MarketsandMarkets™, the Sealing & Strapping Packaging Tapes Market is projected to grow from USD 17.4 billion in 2018 to USD 22.1 billion by 2023, recording a CAGR of 4.89%. The rising demand for carton sealing tapes in the packaging industry, due to its wide range of applications including carton sealing, bundling, unitizing, pelletizing, and general packaging is projected to drive the demand for sealing & strapping packaging tapes. Furthermore, these tapes are economical alternatives to plastic and metal sealing & strapping tapes, which is further projected to boost its market growth.

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Browse in-depth TOC on "Sealing & Strapping Packaging Tapes Market"97 – Tables 35 – Figures126 – Pages View detailed Table of Content here:

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The polypropylene segment is estimated to witness the fastest growth during the forecast period

The polypropylene segment is estimated to be the fastest-growing segment in the market during the forecast period. The Sealing & Strapping Packaging Tapes Market is witnessing a high demand due to the various benefits of polypropylene in sealing & strapping packaging tapes, such as high abrasion, impact-resistant, water-resistant, and high flexibility. In addition, it's a wide range of applications in various end-use sectors for packaging and secure transport of goods and products in the supply chain have also contributed to its high growth.

The carton sealing tapes segment is estimated to account for the largest share in the Sealing & Strapping Packaging Tapes Market in 2018

The Sealing & Strapping Packaging Tapes Market is segmented as carton sealing tapes and strapping & bundling, in terms of application. The carton sealing tapes segment accounted for the largest share in 2018, as it is a widely used packaging tape, which is more economical and can be used over all types of packaging, which includes primary, secondary, and tertiary packaging products. However, the strapping & bundling segment is projected to be the fastest-growing segment in the Sealing & Strapping Packaging Tapes Market, in terms of both value & volume, due to its extensive use in the packaging industry for bundling, pelletizing, and unitizing.

The Asia Pacific region is projected to account for the largest share in the Sealing & Strapping Packaging Tapes Market in 2023

The emerging economies such as China and India in the Asia Pacific region are projected to drive the Sealing & Strapping Packaging Tapes Market. China is projected to account for the largest market share and dominate the Asia Pacific Sealing & Strapping Packaging Tapes Market throughout 2023. In addition, factors such as strong government support, rapid economic development, availability of raw materials, and cheap labor cost are driving the demand for the packaging industry in the region. The growing use of these tapes in the packaging industry is projected to drive the demand for sealing & strapping packaging tapes in emerging countries of Asia Pacific.

The major players include Avery Dennison Corporation (US), 3M Company (US), Nitto Denko Corporation (Japan), Intertape Polymer Group (Canada), Tesa SE (Germany), Scapa Group plc (UK), Shrutapes (US), Nichiban (Japan), Mactac (US), and Wuhan Huaxia Nanfeng Adhesive Tapes (China). Companies have adopted strategies such as new product launches and acquisitions to cater to the increasing demand for these tapes in emerging markets.

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Browse Adjacent Markets: Packaging Market Research Reports & ConsultingRelated Reports:

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

Adhesive Tapes Market by Resin Type (Acrylic, rubber, silicone), Technology (Solvent, Water and Hot-Melt-Based), Substrate (PP, Paper, PVC), Application (Packaging, Healthcare, Electrical & Electronics, Automotive), and Region-Global Forecast to 2022

Double Sided Tape Market by Resin Type (Acrylic, Rubber, Silicone), Technology (Solvent, Water, and Hot Melt), Backing Material (Foam, Film, Paper), End-Use (Automotive, Building & Construction, Paper & Print), and Region - Global Forecast to 2023

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