Foam Tape Market is expected to grow at an impressive CAGR owing to Features of defense against UV radiation
Global Foam Tape Market is
primarily driven by increasing demand from key end-use sectors like
construction and automotive industries and is expected to grow throughout the
forecast period.
According to TechSci Research
report, “Foam Tape- Global Industry Size, Share, Trends, Opportunity,
and Forecast 2018-2028”, the Global Foam Tape Market is expected to
register robust growth during the forecast period, 2024-2028. Numerous
industries, including building and construction, automobile, storage, and
electrical and electronics, use foam tapes in a variety of ways. Foam tapes can
be utilized in place of liquid and permanent fasteners as well as consistent
spot welds because they are pressure-sensitive and self-adhesive. The global
foam tape market is anticipated to have considerable growth during the forecast
period due to the growing popularity of foam tapes in a number of industries,
including construction, automotive, paper and printing, and electronics.
Foam tape is a form of
pressure-sensitive adhesive tape widely utilized in various industries. It
comprises foam material combined with different backing options and can be
either single-sided or double-sided adhesive. With its extensive range of
lengths, widths, thicknesses, and colors, foam tape offers exceptional
versatility, allowing seamless adaptation to diverse applications and
environments. Its primary application lies in instances where surfaces are
uneven or rough, as the tape's spongy and conforming nature effectively secures
such surfaces in place. The double-sided variant serves as an optimal solution
for bonding two sides together, while the single-sided variant excels in tasks
like sealing. Foam tape proves invaluable for businesses seeking reliable
adhesion solutions tailored to their specific needs.
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The Global Foam Tape Market is
segmented based on resin type, technology, foam type, end use industry, and
region. Based on resin type, the market is bifurcated into rubber, silicon, and
others. Based on technology, the market is further bifurcated into solvent,
water, and hot-melt. Based on foam type, the market is divided into
polyethylene, polyurethane, acrylic, and others. In terms of end-use industry,
the market is segmented into automotive, building & construction,
electrical & electronics, and others. Based on region, the market is
segmented into North America, Asia-Pacific, Europe, South America, Middle East
& Africa.
The automotive sector dominated
the global foam tape market in 2022 and is projected to do so throughout the
forecast period. Foam tapes find extensive application in secure wrapping,
insulation, sealing, padding/cushioning, and mounting, aimed at enhancing
product appearance and overall performance. Moreover, foam tape exhibits
exceptional properties, such as temperature resistance ranging from -40°F to
300°F, resistance to moisture, UV rays, and solvents, and high bond strength
for differential thermal expansion. Businesses can leverage foam tape's
versatile attributes to improve their product quality and functionality in
various industries.
Based on technology, the market
is further bifurcated into solvent, water, and hot-melt. The solvent segment
dominated the global foam tape market in 2022 and is projected to do so
throughout the forecast period. With regard to tack and peel
adherence, the acrylic segment performs better than silicone. Due to its good
cohesiveness and resilience to humidity, it can be employed in a range of
environmental situations. Additionally, foam tapes produced of acrylic resin
cost less money than those manufactured of other materials. It is widely used
in the medical and automotive industries because of its exceptional adhesive
properties.
Key market players in the global
foam tape market are: -
- Nitto Denko Corporation
- 3M Company
- LINTEC Corporation
- Tesa SE
- Avery Dennison Corporation
- Intertape Polymer Group Inc.
- 3F GmbH Klebe- & Kaschiertechnik
- RPM International Inc.
- Scapa Group Plc.
- Lohmann GmbH & Co. KG
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"Foam tape has extensive
applications in automotive, electrical & electronics, and construction
industries. The market is poised for remarkable growth globally, fueled by the
increasing sales of vehicles, particularly in the electric segment. With
growing investments in the automotive and construction sectors, the
Asia-Pacific region is projected to emerge as the dominant market during the
forecast period. This presents significant opportunities for businesses to
capitalize on the rising demand and expand their presence in this thriving
industry.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
“Foam Tape Market – Global Industry
Size, Share, Trends, Opportunity, and Forecast 2018-2028, Segmented By Resin Type (Rubber,
Silicon, and Others), By Technology (Solvent, Water, and Hot-Melt), By Foam
Type (Polyethylene, Polyurethane, Acrylic, and Others), By End Use Industry
(Automotive, Building & Construction, Electrical & Electronics, and
Others), By Region and Competition” has
evaluated the future growth potential of global foam tape market and provides
statistics & information on market size, structure, and future market growth.
The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global foam tape market.
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