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Foam Tape Market worth $10.35 billion by 2023


(EnergyIndustry.Net, May 14, 2020 ) The report "Foam Tape Market by Resin (Acrylic, Rubber, Silicone), Technology (Solvent, Water, Hot-Melt), Type (PE, PU, Acrylic), End-Use Industry (Automotive, Building & Construction, Electrical & Electronics, Paper & Printing), and Region - Global Forecast to 2023", The foam tape market is estimated at USD 7.44 billion in 2018 and is projected to reach USD 10.35 billion by 2023, at a CAGR of 6.83% between 2018 and 2023. Foam tapes are pressure-sensitive and self-adhesive tapes that are coated with adhesive on one side or both sides of the foam types such as PE, PU, acrylic and (nitrile, EVA, rubber, polyester, polyether, PVC, and vinyl). These tapes are created by applying a thin adhesive layer to various foam types. The type of adhesive and the type of foam play important roles in determining the strength, cost, and ease of use and life of the foam tape. Foam tapes are widely used in the industries such as automotive, building & construction, and electrical & electronics for bonding, holding, mounting, splicing, and other purposes.

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Silicone - to be the fastest-growing resin type for foam tape during the forecast period.

The silicone segment is projected to grow at the fastest rate than the other resin types because of its better adhesion properties. Silicone resin-based foam tape maintains adhesion over a larger temperature range and possesses the ability to adhere to difficult surfaces. These factors are expected to drive the market for silicone resin-based foam tape during the forecast period.

Hot-melt-based - to be the fastest-growing is technology for foam tape during the forecast period.

The hot-melt technology segment is projected to witness the highest growth during the forecast period. Hot-melt-based foam tape is widely used in the healthcare, aerospace & defense, and wind and solar energy industries. It has an extreme rate of bond formation, which can translate into high production rates. In the US, the hot-melt-based technology is widely used in tape production by the key players such as 3M Company (US) and Intertape Polymer Group Inc. (Canada).

Acrylic – to be the fastest-growing foam type during the forecast period.

The acrylic segment is projected to register the highest CAGR from 2018 to 2023 as acrylic-backed foam tapes are high-performance tapes, which are used in a variety of industries such as aerospace, solar energy, and wind energy. These tapes are ideal for bonding many substrates such as metals, higher surface energy plastics, glass, composite materials, unpainted metals, and where the demand for thicker conformable products is required.

Don't miss out on business opportunities in Foam Tape Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow.

Browse in-depth TOC on "Foam Tape Market”
105 - Market Data Tables
54 - Figures
151 - Pages

APAC- to be the fastest-growing market for foam tape during the forecast period.

The foam tape market in the APAC region is expected to register the highest CAGR during the forecast period due to the rising demand for foam tape in the emerging economies such as India, China, South Korea, Vietnam, Taiwan, and Singapore. China is leading the market for foam tape in the region. The growth of various industries such as automotive, electrical & electronics, and paper & printing, is projected to drive the demand for foam tape in China.

3M Company (US), Nitto Denko Corporation (Japan), Tesa SE (Germany), Lintec Corporation (Japan), Intertape Polymer Group, Inc. (Canada), Avery Dennison Corporation (US), HALCO (US), 3F (Germany), and Scapa Group Plc (UK) are some of the key players operating in the foam tape market.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Mr. Aashish Mehra


Source: EmailWire.Com

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