DUBLIN--(BUSINESS WIRE)--The "Foam Tape Market Size, Share & Analysis, By Type, By Resin Type, By Technology, By End-Use, And By Region, Global Forecast To 2028" report has been added to ResearchAndMarkets.com's offering.
The global foam tape market size is expected to reach USD 14.24 Billion in 2028, and register a CAGR of 6.5% during the forecast period.
Tapes are widely used in the paper and printing industries, as these tapes offer durability to sheeters, coaters, and calendars, among others. this is among the major factors driving growth of the global foam tape market. In addition, increasing demand for foam tapes from digital printing and retail sectors is expected to drive market growth. Moreover, these tapes are being used in construction buildings for insulating, sealing, and padding, among other applications, which is another factor driving market growth.
Some Key Findings From the Report:
- Among the resin type segments, the acrylic resin segment accounted for major revenue share in 2020, as these tapes offer comparatively better performance than other available tapes.
- Among the foam type segments, the PE segment accounted for major revenue share in the global foam tape market in 2020, due to increasing consumption of PE foam tape in specific applications which require filling of gaps between two bonded surfaces.
- The silicon foam type segment is expected to register highest revenue growth rate during the forecast period.
- Among the technology type segments, the hotmelt based segment accounted for the largest revenue share in 2020, due to high demand for these products because of properties offered such as excellent adhesion, easy-to-use, and less production time requirement.
- Among the end-use industries, the automotive segment accounted for major revenue share in 2020, due to wide-range of product applications in automotive industry including plate panels, roof molding, outer-belt moldings, rocker claddings, emblem, nameplates, bumper-side and body moldings, side mirrors, rear spoilers, wheel flares, etc.
- The Asia Pacific foam tape market accounted for the largest revenue share in 2020, due to rapidly growing end-use industries in the Asia Pacific, coupled with increasing associated demand for foam tapes.
- Europe foam tape market is expected to register substantially high growth rate during the forecast period, owing to increasing adoption of foam tapes for use industries such as automotive, construction, healthcare, etc.
- The North America foam tape market is projected to register steady revenue growth rate during the forecast period, owing to well-developed automotive industry, and high consumption of foam tapes by the industry.
- Key players profiled in the report include 3M Company, Tesa SE, Denko Corporation, Lintec Corporation, Intertape Polymer Group, Inc., Avery Dennison Corporation, Scapa Group Plc, Halco, 3F, and Seal King Ind Co. Ltd. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
For the purpose of this report, the global foam tape market is segmented on the basis of resin type, foam type, technology, end-use, and region:
Resin Type Outlook
- Rubber
- Silicon
- Acrylic
- Others
Foam Type Outlook
- Acrylic
- PE (Polyethylene)
- PU (Polyurethane)
- Others
Technology Type Outlook
- Water-based
- Solvent-based
- Hotmelt-based
End-Use Outlook
- Paper and Printing
- Electrical and Electronics
- Automotive
- Building and Construction
- Others
Region Outlook
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Foam Tape Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of all the major players in the Foam Tape Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
For more information about this report visit https://www.researchandmarkets.com/r/ncxl97
