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Based on application, the market is divided into waterproofing, woven fabrics, non-woven fabrics, and others. The waterproofing segment is expected to reach a value of over USD 120.38 billion by 2032.
Based on end use, the seam tapes market is divided into apparel & footwear, healthcare, automotive, military & aerospace, and others. The healthcare segment is the fastest growing segment with a CAGR of over 9.5% between 2024 and 2032.
North America is expected to account for over 35% of the market share in 2023 in the global market reaching over USD 100 billion by 2032. According to the Camping & Outdoor Hospitality Report published by Kampgrounds of America, in North America, the campaign and tent usage had gone up by 56%, reaching 9.8 million households out of approximately 53.6 million in 2023. The rising use of tents increases the demand for seam tapes, along with various other factors contributing to their increased sales.
China is the world’s largest PPE manufacturer and experiences a high demand for PPE products from all over the globe. This rising usage of the PPE kit will ultimately lead to the rising demand for seam tapes.
Japan's seam tapes market is advancing steadily, characterized by its robust automotive industry. Seam tapes contribute to the automotive industry for sealing & bonding purposes. They are also useful for vehicle interiors and exteriors for waterproofing and reinforcement, aligning with Japan's strong automotive sector.
Latin America is witnessing slow and steady growth in the market. The growth in the market is driven by the expansion of the automotive and textile industries. Companies are investing in Latin America due to the favorable environment. For instance, in March 2024, Stellantis announced an investment of USD 30 Billion in South America, making it the largest investment in the automotive industry of Latin America. Rising investment in the automotive sector leads to an increase in the demand for seam tape.