Press release
Transforming the Double Sided Foam Tape Market in 2025: Rising Construction Activities Drive Growth In Double Sided Foam Tape Market
Transforming the Double Sided Foam Tape Market
In recent years, the market size of double sided foam tape has seen vigorous growth. It's predicted to increase from $7.71 billion in 2024 to $8.46 billion in 2025, at a compound annual growth rate (CAGR) of 9.7%. The growth witnessed in the past can be credited to several factors including expansion in the automotive sector, a surge in demand within electronics, escalating usage in packaging, growth of the construction industry, and the rising demand for lightweight materials.
Expectations are high for significant expansion in the double sided foam tape market in the coming years. With a compound annual growth rate (CAGR) of 9.4%, it's predicted to reach a value of $12.14 billion by 2029. The projected growth in this period can be attributed to various factors including surges in consumer electronics demand, escalation of e-commerce, the aerospace industry's expansion, growing demand for eco-friendly solutions and amplified emphasis on energy efficacy. Key trends to watch in this forecast period include the use of environment-friendly materials, incorporation of intelligent technologies, use of advanced adhesive technologies, production of tapes resistant to high temperatures, and integration with automotive applications.
What Factors Are Fueling Growth in the Double Sided Foam Tape Market?
The growth of the double-sided foam tape market is anticipated to be fueled by expanding construction activities. Construction activities pertain to the processes inherent in the development and building of structures such as roads, buildings, and infrastructure. The expansion of urban areas, increase in population, and ongoing initiatives to improve infrastructure have resulted in a surge in construction activities. Double-sided foam tapes are utilized in construction for securely adhering surfaces without obvious fasteners for actions like mounting, sealing, and insulation. For instance, the Office for National Statistics in the UK reported a rise in construction new orders by 15.9% to $1,908 million (£1,436 million) in the first quarter of 2024 as compared to the last quarter of 2023. The hike was majorly brought about by a 27.9% increase in private commercial new work valued at $930 million (£700 million), and a 43.8% leap in public other new work amounting to $712.2 million (£536 million). Consequently, the escalation in construction activities is propelling the double-sided foam tape market.
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Which Leading Companies Are Shaping the Growth of the Double Sided Foam Tape Market?
Major companies operating in the double sided foam tape marker are Compagnie de Saint-Gobain S.A., 3M Company, Berry Global Inc., Sika AG, SEKISUI Chemical Co. Ltd., Nitto Denko Corporation, Uline Inc., tesa SE, Lintec Corporation, ORAFOL Europe GmbH, Intertape Polymer Group Inc., Rogers Corporation, Essentra plc, Lohmann GmbH & Co. KG, Avery Dennison Corporation, Flexcon Company Inc., Scapa Group Ltd., Shurtape Technologies LLC, Adhesives Research Inc., CCT Tapes (Custom Coating & Converting), Adchem Corporation, Halco Products Corporation
What Are the Major Trends Shaping the Double Sided Foam Tape Market?
Leading players in the double-sided foam tape market are concentrating on the production of novel products like UV-resistant acrylic foam tapes to improve durability and efficiency for outdoor usage. UV-resistant acrylic foam tapes are special adhesive tapes that are resistant to degradation caused by extended exposure to ultraviolet (UV) rays. These tapes are primarily utilized outdoors to provide enduring adhesive strength and durability in extreme conditions. As an example, CCL Design, a UK firm that manufactures UL labels, printed electronics, precision die-cuts, and brand security applications, unveiled the 5400 LSE acrylic foam tape series in November 2023. The series represents considerable progress in adhesive technology and is particularly notable for its primerless adhesion to various surfaces including low and medium-surface energy plastics. It also provides an exceedingly strong bond to polypropylene (PP) and excellent adhesion to automotive paint.
What Are the Key Segments of the Double Sided Foam Tape Market?
The double sided foam tapemarket covered in this report is segmented -
1) By Product: Acrylic Foam, Polyethylene (PE) Foam, Polyurethane (PU) Foam, Other Products
2) By Density: Low, Medium, High
3) By Application: Automotive, Construction, Electronics, Packaging, Medical Devices
Subsegments:
1) By Acrylic Foam: General Purpose Acrylic Foam, High-Temperature Acrylic Foam, Low-Temperature Acrylic Foam
2) By Polyethylene (PE) Foam: Closed-Cell PE Foam, Open-Cell PE Foam
3) By Polyurethane (PU) Foam: Rigid PU Foam, Flexible PU Foam
4) By Other Products: Rubber Foam, Vinyl Foam, Specialty Foam Tapes
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Which Region Dominates the Double Sided Foam Tape Market?
North America was the largest region in the double sided foam tape market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the double sided foam tape marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Double Sided Foam Tape Global Market Report?
- Market Size Analysis: Analyze the Double Sided Foam Tape Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Double Sided Foam Tape Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Double Sided Foam Tape Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Double Sided Foam Tape Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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