Foam Tape Market is Growing in Huge Demand from 2020 to 2026 | 3M, Tesa SE, Denko Corporation and more

The global foam tapes market is forecast to reach USD 12.61 Billion by 2026, 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.

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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.

Companies considered and profiled in this market study
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.
The companies have adopted various strategies, including mergers, acquisitions, and partnerships to hold ongoing trails and come up with new developments in the market.

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:
Resin Type Outlook (Length, Million Meters; Revenue, USD Billion; 2016-2026)
Rubber
Silicone
Acrylic
Others

Foam Type Outlook (Length, Million Meters; Revenue, USD Billion; 2016-2026)
Acrylic
PE
PU
Others

Technology Type Outlook (Length, Million Meters; Revenue, USD Billion; 2016-2026)
Water-based
Solvent-based
Hotmelt-based

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End-Users Outlook (Length, Million Meters; Revenue, USD Billion; 2016-2026)
Paper and Printing
Electrical and Electronics
Automotive
Building and Construction
Others

Regional Outlook (Length, Million Meters; Revenue, USD Billion; 2016-2026)
North America
Europe
Asia Pacific
MEA
Latin America

Further key findings from the report suggest
1. 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.

2. 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.

3. Silicone type sector held the largest market share of 39.0% in the year 2018. China became the largest consumer of foam tape products owing to the ever-growing construction industry along with the paper and printing industries in this region because of the rise in population and industrialization. China became a leader in the world for production and consumption of adhesive tapes because of its low-cost labor, and rise in urbanization with an expanding economy compared with other countries.

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Aims of the study
1. To curate a concise report of the market, highlighting the key vendors and significant changes observed in the market
2. Examine the existing and emergent trends and promising technological innovations in the market
3. Assessment of market values, modeled values, and international trade values, to deduce the market volume
4. Offered research-backed insights for the parent market, cost analysis, and prevailing industry trends
5. Calculate capacity utilization rate

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This release was published on openPR.