Foam Tape Market Size Key Companies Revenue Share Analysis 2018 2028

Herald Keeper

Published

July 19, 2021

The global foam tapes market is expected to reach a value of USD 14.24 Billion by 2028, and register a CAGR of 6.50%, according to a new report by Reports and Data. These tapes are specialty materials that are used in the construction industry for various purposes such as for sealing windows, making sun- roofs, noise cancellation, and many others.

The market for tapes is influenced by the rising urbanization and awareness among the young population to make ultraviolet rays proof houses. Foam tapes can sustain both extremely low and high temperatures. It is used for cushioning, sealing, and casketing in various industries. These tapes are available in various shapes and thicknesses in the market. Researchers have developed a green tape which is made up of recycled materials and is biodegradable in nature. The cost of the raw materials used to make such tapes are very high, which are creating a market restraint.

The factors mentioned above jointly create opportunities for the market growth while factors such as critical effects of foam tapes add limitations in the market. However, each element would have a specific impact on the market during the forecast period. Consistent developments in the adhesive tapes market owing to innovative efforts have improved the efficiency of insulating foam tapes.

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Top Key Players: Key participants 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., among others.

In the Asia Pacific region due to the sudden rise in population and rapid urbanization, the market for insulating products are propelling at a swift rate. The rising economy in counties like China and Japan due to magnificent political, social, and economic conditions. Construction industries and paper printing industries of the APAC region are using these tapes in the construction of houses and commercial space.

Further key findings from the report suggest

Paper and printing industries held the largest market share of 36.4% in the year 2018. Foam tape materials are extremely cheap and can be recycled easily. This material has good insulating properties, high strength, absorbs moisture, flexible, low dielectric constant, and can be compressed easily. New technologies are introduced to make the foam tapes retain the mechanical properties for a long period of time.
The hot melt-based technology is forecasted to witness the highest CAGR of 7.1% during the forecast period. This segment is rising since this technology is used in automotive, electrical and electronics, and paper and printing industries, among various others.
Silicone type sector held the largest market share of 39.0% in the year 2018.
Asia Pacific is expected to witness the highest CAGR of 7.8% during the forecast period. Countries like India, China, Taiwan, South Korea, and Japan are rapidly catching up with the growth in the foam tape market. Adhesive tapes manufacturing and consumption have shifted from North America to Asia.

For the purpose of this report, Reports and Data have segmented into the global Foam Tape market on the basis of resin type, foam type, technology, end-user, and region:

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/foam-tape-market

Resin Type Outlook (Length, Million Meters; Revenue, USD Billion; 2018-2028)

Rubber
Silicone
Acrylic
Others

Foam Type Outlook (Length, Million Meters; Revenue, USD Billion; 2018-2028)

Acrylic
PE
PU
Others

Technology Type Outlook (Length, Million Meters; Revenue, USD Billion; 2018-2028)

Water-based
Solvent-based
Hotmelt-based

End-Users Outlook (Length, Million Meters; Revenue, USD Billion; 2018-2028)

Paper and Printing
Electrical and Electronics
Automotive
Building and Construction
Others

Regional Outlook (Length, Million Meters; Revenue, USD Billion; 2018-2028)

North America
U.S.
Europe
UK
France
China
India

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