According to the new research [115 Pages] report "Seam Sealing Tapes Market by Type (Single-layered, Multi-layered), Backing Material (Polyurethane, Polyvinyl chloride), and Region (North America, Europe, Asia Pacific, Middle East & Africa, South America) - Global Forecast to 2023", published by MarketsandMarkets™, the Seam Sealing Tapes Market is expected to grow from USD 205 million in 2018 to USD 283 million by 2023, at a CAGR of 6.7%. Rising demand for sports and outdoor apparel, owing to growing health awareness among consumers and increasing fitness activities, drives the demand for Seam Sealing Tapes. Furthermore, the increase in demand for protective clothes and accessories that require Seam Sealing Tapes is further boosting its market growth.

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The polyurethane segment is projected to account for the largest share of the Seam Sealing Tapes market, in terms of value and volume, from 2018 to 2023. This dominance is attributed to its properties such as high abrasion, impact resistance, water resistance, and high flexibility. These properties of polyurethane have led to an increasing preference for polyurethane in adhesives and membranes of two- and three-layered Seam Sealing Tapes. The polyvinyl chloride is expected to be the second-largest segment, in terms of value and volume, from 2018 to 2023, owing to its various properties such as flexibility, transparency, light, and oxygen & water barrier properties.

The seam sealing tapes market is dominated by major players such as Bemis Associates (US), Toray Industries (Japan), Himel Corp. (Korea), Sealon (Korea), Loxy AS (Norway), Gerlinger Industries (Germany), DingZing (Taiwan), Adhesive Films (US), San Chemicals (Japan), and Essentra (UK). These players have established brands, a wide product portfolio, and a strong geographical presence. 

 Bemis Associate is a leading global manufacturer of thermoplastic adhesives, films, and coatings. Its wide range of products caters to a variety of applications across apparel, soft goods, handbags & wallets, intimate fabrics, and other markets. It has a strong foothold in North America, Europe, and Asia Pacific; it has warehousing and authorized distribution networks  in Hong Kong, Vietnam, London, the US, Portugal, Italy, China, and Turkey. The company has a strong focus on sustainability; for instance, it uses water-based and UV cured inks for its printed seam sealing tapes; and most of its products contain almost no VOC.

 Toray Industries is a global integrated chemical industry group that is engaged in the manufacturing, processing, and selling of fibers & textiles, performance chemicals, and carbon fiber composite materials, among others. It has a strong global presence, with 157 subsidiaries overseas and 100 subsidiaries in Japan. It has a rich product portfolio of seam sealing tapes that are used in outdoor equipment, ski wear, and rainwear.

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