The global metal foil tapes market revenue is expected to expand at a lucrative CAGR over the forecast period. Rising residential and commercial construction activities coupled with growing demand for automobiles across the globe owing to rapid industrialization and increasing population is expected to be a major factor driving revenue growth of the market.
The global metal foil tapes market report has been segmented on the basis of metal, application, and region.
On the basis of the product, the global metal foil tapes market has been segmented into aluminum foil tapes, lead foil tapes, copper foil tapes, and stainless foil tapes. Copper foil tapes segment is expected to witness steady growth rate over the forecast period.
On the basis of application, the global target market has been segmented into automotive, building & construction, electronics, defense & aerospace, consumer goods, and others (manufacturing and food). Automotive segment is expected to witness higher growth rate over the forecast period. In automotive industry, the metal foil is used for auto repair, sound damping, and heat sealing.
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On the basis of region, the global metal foil tapes market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America market is expected to grow at a rapid pace over the forecast period. Growing aerospace and automotive industries in the region are expected to support revenue growth of North America metal foil tapes market. Moreover, huge investments in the construction sector are expected to support the revenue growth of the market in the region over the forecast period.
Key players operating in the global metal foil tapes market include Advance Tapes International Ltd., The 3M Company, Saint Gobain S.A., Scapa Group PLC, Parker Hannifin Corporation, Hitachi Maxell Global Ltd., Shurtape Technologies, LLC, CGS Technologies, Inc., Morgan Industries Limited, and Zhenjiang Runfa Aluminium Co., Ltd.