Seam Tapes Market to Grow 6%
Asia-Pacific is expected to be the largest market and have the highest growth rate.
The seam tapes market is expected to grow from $205 million in 2018 to $283 million by 2023, at a compound annual growth rate (CAGR) of 6.7% during the forecast period, according to a recent report. The seam tapes market is reportedly driven by factors such as the growing demand from the sports and outdoor apparel industry and an increase in demand for protective clothing and accessories.
The polyurethane segment is the fastest-growing in the seam tapes market, in terms of value, according to the report. The multi-layered segment is expected to dominate the seam tapes market during the forecast period, owing to the range of applications of multi-layered seam tapes in sports and outdoor apparels, military apparels, protective garments, tents, tarpaulins, footwear, backpacks, automotive, and chemical protective garments.
Asia-Pacific is expected to be the largest market and have the highest growth rate during the forecast period, reportedly owing to the presence of huge garment manufacturing hotspots such as China, India, Vietnam, Indonesia, and Bangladesh in the Asia-Pacific region.
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