The global demand for PTFE Thread Seal Tapes Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
PTFE thread seal tapes, commonly referred to as plumber's tape, are polytetrafluoroethylene film tape used in piping and ductwork application. These highly durable thread seal tapes are very versatile, corrosion and acid-resistant. They are used as an economical sealant and lubricating material for dealing with pipe threads. This rugged and inert tape is used in water system connections, high-pressure lines, gas lines, and pipes in contact with chemicals. The tape has no additives added and hence is best for water, oil, and food processing industries where cross-contamination is not tolerated. These tapes are only used on male pipe threads and are available in various standards and custom densities and thicknesses.
The demand for an economical thread seal tape that can be used effectively with pipes made of different materials like plastic, brass, copper, steel, and iron will be the key growth factor for this market. Need for an inert tape for sealing pipelines in water, oil, and food processing industries to avoid product contamination will propel the market growth in these sectors. The PTFE thread seal tape's versatility will create growth opportunities in constantly emerging sectors like aerospace, automotive, electronics, and electrical. Embracing new trends and innovations by the chemical industry to refine their business will be a market booster. The various roadblocks affecting this market's growth are these tapes can be used only on male pipe threads, and overuse or improper application can cause a hazard.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of PTFE thread seal tapes.
The entire PTFE thread seal tapes market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- White Tape
- Yellow Tape
- Green Tape
- Pink Tape
- Grey Tape
- Automobile Industry
- Mechanical Construction
- Hydraulic and Pneumatic Systems
- Medical Industry
This section covers regional segmentation which accentuates on current and future demand for PTFE thread seal tapes market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe PTFE Thread Seal Tapes Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the PTFE thread seal tapes market include 3M, Oatey, ABRO, Bromic, BROWN, Apex Polymers, EnPro Industries (Technetics), Chirag Techno, FPPI, Electro Tape, Threadmaster, Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.