Press release
Foam Tape Global Market Poised to Reach $13.77 Billion with a CAGR of 8.3% By 2028, Predicts The Business Research Company
Foam Tape Global Market
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=19064&type=smp
According to The Business Research Company's, The foam tape market size has grown strongly in recent years. It will grow from $9.26 billion in 2023 to $10.02 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to automotive industry has been a major consumer of foam tapes, growth of the construction industry, widely adopted in the electronics industry for various applications, industries like automotive and aerospace prioritizing lightweight materials for fuel efficiency, pressure-sensitive adhesives and acrylic adhesives used in foam tapes.
The foam tape market size is expected to see strong growth in the next few years. It will grow to $13.77 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to demand for low-emission, eco-friendly foam tapes, rise of electric vehicles will likely drive the foam tape, smart home devices and Internet of Things (IoT) technology, e-commerce continues its rapid expansion, increasing emphasis on energy conservation. Major trends in the forecast period include developing bio-based foam tapes with lower VOC emissions, shift towards more advanced foam tapes, increasing automation in industries such as automotive and electronics, manufacturers will focus more on providing customized solutions, expanding infrastructure, automotive production.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/foam-tape-global-market-report
Market Drivers and Trends:
The increasing demand from the construction industry is expected to propel the growth of the foam tape market going forward. Construction activities encompass a wide range of tasks and operations involved in developing infrastructure for sewage, stormwater, and nonpoint-source projects. An increase in construction activity is due to rapid urbanization, infrastructure development, and technological advancements. Foam tape is extremely beneficial in construction activities such as sealing gaps and joints in construction projects, particularly around windows, doors, and other openings. For instance, in June 2024, according to TST Europe, a Switzerland-based manufacturer specializing in quick-release couplings and coupling systems, total construction spending in the U.S. reached $1.98 trillion in 2023, reflecting a 7.4% increase from the previous year. The number of construction businesses in the U.S. stood at approximately 745,000 as of 2023. Therefore, an increasing demand from the construction industry is driving the foam tape market.
Major companies operating in the foam tapes market are developing acrylic foam tapes to provide superior bonding strength and durability. Acrylic foam tapes are known for their excellent adhesion to a variety of surfaces, including metals, plastics, and glass, and they offer resistance to extreme temperatures, moisture, and UV exposure. For instance, in November 2023, CCL Design, a Canada-based packaging and labeling company, launched 5400 LSE acrylic foam tape series to offer primerless adhesion to plastics, simplifying the application process and improving efficiency. It provides an ultra-strong bond to polypropylene (PP) and excellent adhesion to automotive paints, making it suitable for automotive applications. The foam tape is free from perfluoroalkyl and polyfluoroalkyl substances (PFAS), aligning with growing demands for environmentally friendly products.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
3M Company, Avery Dennison, Berry Global Inc., Nitto Denko Corporation, Tesa Se, LINTEC Corporation, Intertape Polymer Group, Scapa Group, Vibac Group S.p.A., Yongle Tape Co Ltd., American Biltrite, CCT Tapes, DeWAL Industries Inc., Parafix Tapes & Conversions Ltd., Advance Tapes International Ltd., HALCO Europe Ltd., AFT Company, ECHOtape, 3F Industries, Ajit Industries, Lynvale Ltd., Saint-Gobain Performance Plastics, Tape-Rite Co Inc., Seal King Ind Co. Ltd., Zhongshan Crown Adhesive Products Co Ltd
Foam Tape Market 2024 Key Insights:
• The foam tape market size is expected to see strong growth in the next few years. It will grow to $13.77 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%.
• Rising Demand from the Construction Industry Fuels Foam Tape Market Growth
• Innovative Acrylic Foam Tapes Driving Sustainability and Efficiency in Automotive Applications
• Asia-Pacific was the largest region in the foam tape market in 2023, and is expected to be the fastest-growing region in the forecast period
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/customise?id=19064&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Foam Tape Global Market Poised to Reach $13.77 Billion with a CAGR of 8.3% By 2028, Predicts The Business Research Company here
News-ID: 3722379 • Views: …
More Releases from The Business research company
2025-2034 Process Control Automation Market Evolution: Disruptions, Innovations, …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Process Control Automation Industry Market Size Be by 2025?
In the past few years, the size of the process control automation market has seen consistent growth. It is expected to increase from $62.71 billion in 2024 to $65.39 billion in 2025, with a compound annual growth…
Partner And Interconnect Management Market Landscape to 2034: Key Forces Shaping …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Partner And Interconnect Management Market Size By 2025?
The market size for partner and interconnect management has seen quick expansion in recent times. It is projected to enhance from $1.44 billion in 2024 to $1.65 billion in 2025, showcasing a compound annual growth rate (CAGR)…
Global Policy Management Software Market Projected to Grow at 17.4% CAGR, Reachi …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Policy Management Software Market Size By 2025?
The market for policy management software has expanded quickly over the past few years. It is projected to increase from a value of $1.82 billion in 2024 to $2.18 billion in 2025, boasting a compound annual growth rate…
Global Personal And Entry Level Storage (PELS) Industry Outlook 2025-2029: Marke …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Personal And Entry Level Storage (PELS) Market Size Growth Forecast: What to Expect by 2025?
The market size of personal and entry level storage (pels) has seen a dramatic increase in the past few years. It is predicted to expand from $39.7 billion in 2024 to $53.44 billion in…
More Releases for Tape
What is the difference between packing tape and shipping tape?
Understanding the Essentials for Secure Packaging
In the busy world of logistics and packaging, two types of tape are often mentioned: packing tape and shipping tape. While both serve to secure and seal packages, they differ in their intended use, materials, and characteristics. Understanding these differences is essential for ensuring the most effective and efficient packaging process.
1. Definition and Purpose
Packing Tape: Packing tape, also known as packaging tape [https://www.copa-tape.com/packaging-tapes/], is a…
Global Carrier Tape And Cover Tape For Semiconductor Market Size by Application, …
USA, New Jersey- According to Market Research Intellect, the global Carrier Tape And Cover Tape For Semiconductor market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The burgeoning global electronics and semiconductor industries are driving the steady growth of the semiconductor carrier tape and cover tape…
PET Tape And Paper Tape Versatility In Crafting
When it comes to crafting and DIY projects, the right tools and materials can make all the difference. PET tape [https://www.misilcraft.com/pet-tape/] and washi tape are two popular choices for crafters, both offering unique qualities and versatility for a variety of creative activities.
PET tape, also known as polyester tape [https://www.misilcraft.com/pet-tape/], is a strong and durable tape commonly used in packaging, electrical insulation and other industrial applications. However, it has also found…
Easy Tape Reviews - Smart Portable Digital Tape Measurer
After spending a lot of time researching, talking to experts, and looking at Easy Smart Tape, here's what we found. People who use it really like it - it got a high rating of 4.9 out of 5.0, making it one of the best digital smart tapes out there. If you're looking for a rechargeable smart tape that's both affordable and durable, Easy Smart Tape might be just what you…
PVC Tape Market 2017- 3M, Tesa Tape, Surface Armor, NITTO DENKO, TUFTAPE FZCO, S …
MarketReports.biz, recently published a detailed market research study focused on the "PVC Tape Market" across the global, regional and country level. The report provides 360° analysis of "PVC Tape Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PVC Tape industry, and estimates the future trend of PVC Tape market on…
Heat Shrink Tape, Insulation Tape, Medium Voltage Insulation Tape, Protection Vo …
Yamuna power offers the Heat Shrink Tape with various features such as Reduces bus bar clearance requirements, Protects against accidental flash over, Halogen free, Shrink at Temperature: 120o C, Anti-track and many more. The heat shrink tape to mend holes and attach cables. This is called the heat shrink cable because it shrinks after heat is applied to it. the tape is based on the compressive principle so that it…
