Press release
Top Factor Driving Foam Tape Market Growth in 2025: Rising Demand from the Construction Industry Fuels Foam Tape Market Growth
Foam Tape Global Market Report 2025
In recent years, there has been considerable growth in the foam tape market. The market size, currently valued at $10.02 billion in 2024, is projected to increase to $10.87 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.5%. The robust growth observed in the previous years can be credited to several factors including the high consumption of foam tapes in the automotive industry, expansion in the construction sector, prevalent utilization in the electronics industry for diverse applications, and industries such as automotive and aerospace prioritizing lightweight materials to enhance fuel efficiency. Additionally, the use of pressure-sensitive and acrylic adhesives in foam tapes has also fueled this growth.
In the coming years, the foam tape market is predicted to experience significant growth, expanding to $14.88 billion in 2029 with a compound annual growth rate (CAGR) of 8.2%. Factors contributing to this growth during the forecast period include increased demand for eco-friendly, low-emission foam tapes, and the rise in the production of electric vehicles. Advancements in technologies like smart home devices and Internet of Things (IoT), along with the continued rapid development of e-commerce and growing focus on energy conservation, are also projected to boost the foam tape market. Other key trends expected during this period are the development of bio-based foam tapes producing less VOC emissions, a shift towards high-tech foam tapes, more automation in industries like automotive and electronics, a growing trend of manufacturers offering tailored solutions, and an expansion in infrastructure and automotive production.
What Are the Primary Growth Drivers for the Foam Tape Market?
The growth of the foam tape market is predicted to be spurred on due to heightened demand from the construction sector. The scope of construction activities is broad, consisting of a variety of tasks and operations necessary for the infrastructure development of sewage systems, stormwater, and nonpoint-source projects. The upsurge in construction activities can be attributed to quick-paced urbanization, infrastructure growth, and technological advancements. Constructional applications of foam tape, such as sealing gaps and joints, especially around windows, doors, and other openings are significantly advantageous. For example, TST Europe, a Swiss manufacturer specializing in coupling systems and quick-release couplings, reported that by June 2024, total construction expenditure in the U.S. had risen to $1.98 trillion in 2023, a 7.4% rise compared to the previous year. As of 2023, about 745,000 construction companies were operative in the U.S. Therefore, the mounting demand from the construction sector is fueling the market expansion for foam tape.
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Who Are the Dominant Companies Influencing Foam Tape Market Trends?
Major companies operating in the foam tape market are 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
How Is the Foam Tape Market Evolving?
Key companies in the foam tapes market are pioneering the production of acrylic foam tapes because they offer high bonding strength and longevity. Acrylic foam tapes are popular due to their excellent adhesion properties to various materials such as metals, plastic, or glass. They are also resistant to harsh weather conditions, water, and UV rays. For instance, in November 2023, CCL Design, a company based in Canada specializing in packaging and labeling, introduced the 5400 LSE acrylic foam tape series. This product streamlines the application process by offering intense adhesion to plastics without needing a primer, enhancing workflow efficiency. The tape provides an exceptionally strong bond to polypropylene (PP) and great adhesion to car paints, making it suitable for the automotive industry. The foam tape does not contain perfluoroalkyl or polyfluoroalkyl substances (PFAS), keeping in line with the increasing need for eco-friendly products.
What Are the Different Segmentations in the Foam Tape Market?
The foam tapemarket covered in this report is segmented -
1) By Type: Single Sided Foam Tape, Double Sided Foam Tape
2) By Foam Type: Polyethylene, Polyurethane, Neoprene, Acrylic, Other Foam Types
3) By Resin Type: Rubber, Silicone, Acrylic, Ethylene-Vinyl Acetate (EVA), Other Resin Types
4) By Technology: Solvent-Based, Water-Based, Hot-Melt-Based
5) By End-User Industry: Automotive, Construction, Electrical and Electronics, Aerospace, Packaging, Other End-User Industries
Subsegments:
1) By Single Sided Foam Tape: Acrylic Adhesive Single Sided Foam Tape, Rubber Adhesive Single Sided Foam Tape, Polyethylene Foam Tape, Polyurethane Foam Tape, EVA Foam Tape, Weather-Resistant Single Sided Foam Tape
2) By Double Sided Foam Tape: Acrylic Adhesive Double Sided Foam Tape, Rubber Adhesive Double Sided Foam Tape, High-Tack Double Sided Foam Tape, Foam Transfer Tape, VHB (Very High Bond) Double Sided Foam Tape, Specialty Double Sided Foam Tape
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Which Region Is at the Forefront of the Foam Tape Market?
Asia-Pacific was the largest region in the foam tape market in 2024, and is expected to be the fastest-growing region in the forecast period. The regions covered in the foam tape market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Foam Tape Global Market Report?
- Market Size Analysis: Analyze the Foam Tape Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the 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 Foam Tape Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Foam Tape Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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