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2019 Foam Tape Industry Mergers and Acquisitions Report: Supplier Performance Benchmarking, Latest Market Trends, Competitive Intelligence And Regional Overview By 2026 | 3M Company (U.S.), Nitto Denko Corporation (Japan), 3F (Germany) and Scapa Group Plc

11-29-2021 11:37 AM CET | Industry, Real Estate & Construction

Press release from: StraitsResearch

Foam Tape Market

Foam Tape Market

Foam Tape Market Snapshot:

The global foam tape market was valued at USD 7.52 billion in 2018 and is expected to reach USD 12.81 billion by 2026, with an anticipated CAGR of 6.89% during the forecast period, 2019–2026. Foam tapes are made by adding a thin layer of adhesive on various foam types wherein the type of adhesive and foam determines the strength, cost, ease of use and life of the foam tape. These tapes find a multitude of applications in various industries such as building and construction, automotive, holding, and electrical and electronics. Moreover, foam tapes are self-adhesive and pressure-sensitive and hence, can be used as a substitute for liquid and permanent fasteners, and uniform spot welds.

With the increasing adoption of foam tapes in various industries such as construction, automotive, paper and printing, and electronics, the global foam tape market is expected to witness significant growth during the forecast period. Growth of the automotive sector, in particular, is expected to provide impetus to the growth of the foam tape market as acrylic foam tapes are extensively used in this sector to provide strong bonding in metal and plastic. Key automotive players are moving from mechanical fasteners to automotive foam tapes with adhesive properties to reduce vehicle weight. According to the International Organization of Motor Vehicle Manufacturers, over 97.3 million vehicles were produced in 2017, and this number is expected to witness substantial growth over the forecast period, which in turn is expected to augment market growth. Furthermore, research and development in both adhesive, as well as material components for advancement of foam tape properties, is expected to surge the demand over the forecast period.

Among these, the silicone segment is expected to hold the largest market share during the forecast period, owing to the remarkable properties of these foam tapes, such as durability and resistance of protective coatings to moisture and corrosion. Silicone resin-based tapes can sustain adhesion over a high temperature range and offer superior adhesion on difficult surfaces.
The hot-melt-based segment is expected to account for a prominent market share, owing to the higher strength and quicker adhesion of these tapes as compared to solvent-based and water-based tapes. Hot-melt technology offers excellent adhesion, quick set, ease of use, and fast processing, which in turn spurs the segment’s growth.
The acrylic segment is expected to lead the market, owing to the ability of these tapes to withstand a high level of vibration in the automotive sector. Acrylic foam type is appropriate for bonding with many substrates such as higher surface energy plastics, unpainted surfaces, glass, wood, metals, composite materials, and plastics, which are used in numerous industries.
The paper & printing industry is expected to hold a significant market share during the forecast period, as foam tapes are widely used in paper production. During the running of paper machines, coaters, calendars, and sheeters, foam tapes aid integral tasks during paper production, such as, reel closing, splicing, and core start.

Asia Pacific accounted for the highest share in the global foam tape market as of 2017, owing to the increasing demand from automotive, building and construction, and electronics sectors in economies such as China, India, South Korea, and others. Population growth alongside growth of industries such as food & beverage and hygiene products are also generating significant demand for foam tapes in the Asia Pacific.

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The Major Prominent Players Covered in this Report:
3M Company (U.S.), Nitto Denko Corporation (Japan), 3F (Germany) and Scapa Group Plc (U.K.) Lintec Corporation (Japan), Intertape Polymer Group, Inc. (Canada), Avery Dennison Corporation (U.S.), Halco (US), Tesa SE (Germany),. & More.

By Type
PE (Polyethylene)
PU (Polyurethane)
Acrylic
Others (Nitrile, EVA, Rubber, Polyester, Polyether, PVC, and Vinyl)

By End-User
Automotive
Building & Construction
Electrical & Electronics
Paper & Printing
Others (Packaging, Aerospace & Defense, Healthcare, Woodworking, Wind Energy, Solar energy, and Sports)

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Foam Tape in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Foam Tape market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Foam Tape and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Foam Tape. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

View this report with a detailed description and TOC @ https://straitsresearch.com/report/foam-tape-market/toc

Key Questions Answered in The Report:
What will the Foam Tape market growth rate?
What are the key factors driving the global Foam Tape market?
Who are the key manufacturers in the Foam Tape market space?
What are the market opportunities, market risk, and market overview of the Foam Tape market?
What are sales, revenue, and price analysis of top manufacturers of the Foam Tape market?
Who are the distributors, traders, and dealers of the Foam Tape market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Foam Tape Industry?
What are sales, revenue, and price analysis by regions of Foam Tape industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Foam Tape Market Trends:
- The report identifies, determines, and forecasts the Global Foam Tape Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Foam Tape Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Foam Tape Market.

Browse Full Report @ https://straitsresearch.com/report/foam-tape-market/

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