Dublin, Dec. 28, 2020 (GLOBE NEWSWIRE) — The “Aerospace Tapes – Global Market Outlook (2019-2027)” report has been added to ResearchAndMarkets.com’s offering.
Global Aerospace Tapes market accounted for $2.00 billion in 2019 and is expected to reach $3.24 billion by 2027 growing at a CAGR of 6.2% during the forecast period.
Some of the key factors propelling the market growth include growing demand for passenger aircraft in emerging regions, replacement of old/aging aircraft and modernization of existing aircraft, and increasing demand for lightweight and more fuel-efficient aircraft. However, shortage of profitable airlines in emerging economies is likely to hamper the market.
Aerospace tapes are characterized by excellent resistance to fluids, chemicals, abrasion, UV and high temperatures, to offer solutions for a range of aerospace applications. Acrylic is commonly used resin…