Acrylic Foam Tapes Market value projected to expand by 2019-2027

Acrylic Foam Tapes Market: Self-adhesives Tapes
• The global acrylic foam tapes market is expected to expand at a rapid pace during the forecast period, owing to properties of these tapes such as high internal strength and flexibility, which reduce peeling stress. Moreover, acrylic foam tapes have high shock absorption capability and anti-aging properties. All these properties of acrylic foam tapes are expected to drive the global acrylic foam tapes market during the forecast period.
• Acrylic foam tapes are ideal for replacing mechanical fasteners and liquid adhesives in permanent applications, wherein a bond with very high strength is required
• Acrylic foam tapes possess anti-vibration properties, long-term holding power, and excellent resistance to moisture and solvents. This factor is estimated to drive the global acrylic foam tapes market during the forecast period.

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Key Drivers of Global Acrylic Foam Tapes Market:
• Acrylic foam tapes can withstand high temperature and they have excellent aging and weathering properties. The global acrylic foam tapes market is expected to register a significant CAGR during the forecast period, owing to the rising demand for these tapes from end-use industries, such as furniture, for achieving superior aesthetic appeal.
• The variation in properties of foam tapes, such as density and thickness, allows their wide use across a variety of end-use applications. This factor is likely to drive the global acrylic foam tapes market during the forecast period. These tapes are preferred over liquid adhesives, as they do not require preparation and cleaning time.
• Acrylic foam tapes are high-performance bonding products used to provide engineered assembly solutions for use in a wide variety of industrial applications. Acrylic foam tape products can be used in a wide range of applications in industrial, construction, electronics, and transportation sectors. These products can form strong, reliable adhesive bonds to a wide spectrum of substrates. They can withstand thermal movement and dynamic forces. They have excellent aging and weathering properties.

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Building & Construction Segment to Witness Attractive Opportunities
• In terms of volume and value, building & construction is projected to be a rapidly growing segment of the global acrylic foam tapes market during the forecast period
• Acrylic foam tapes are used for applications wherein resistance to high load is required. Therefore, these tapes are largely employed in industries such as building & construction and automotive, wherein operations require high resistance. These tapes offer high strength under static and dynamic loads and withstand expansion and contraction of materials without loss of adhesion due to their viscoelastic properties. They are solvent-free and they have wide service temperature ranges and excellent shear resistance.
• Acrylic foam tapes possess anti-vibration properties, long-term holding power, excellent resistance to moisture and solvents, and excellent conformity to uneven surfaces. Due to this, they are widely used in the building & construction industry.
Volatility in Raw Material Prices Likely to Hamper Market
• Acrylic foam tapes are manufactured by using several types of raw materials such as polyester, polyether urethane, vinyl nitrile, and polyvinyl chloride. However, currently, prices of these materials are varying, due to the global crisis. This factor is hampering the global acrylic foam tapes market.
• Low tack or initial bond strength of acrylic adhesives and poor adhesion to polyolefin are other factors expected to hamper the global acrylic foam tapes market during the forecast period. Furthermore, high costs is another major factor hindering the global acrylic foam tapes market.
• Government regulations banning the use of certain chemicals are expected to restrain the global acrylic foam tapes market during the forecast period

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Asia Pacific to Hold a Major Share of Global Acrylic Foam Tapes Market
• Demand for acrylic foam tapes is estimated to be high in the global construction industry during the forecast period. Demand for these tapes in Asia Pacific is expected to rise in the near future, owing to increase in construction activities in countries such as China, India, and South Korea. Demand for acrylic foam tapes in the consumer electronics industry is increasing at a significant pace, as these tapes are widely used in flat-screen displays of various electronic gadgets. Thus, the acrylic foam tapes market in Asia Pacific is estimated to expand at a rapid pace during the forecast period, owing to increase in the sale of consumer electronics products in the region.
• Rise in FDIs (foreign direct investments) in automotive and construction industries in developing economies of Asia Pacific is likely to fuel the market in the region during the forecast period
• Asia Pacific is offering immense opportunities to the acrylic foam tapes market in the consumer electronics segment, as major international companies are shifting their production facilities to China due to low labor costs in the country
• Growth of industries such as consumer electronics and construction in countries of Latin America, such as Brazil, is creating significant opportunities for the acrylic foam tapes market in Latin America.

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