According to the new market research report on the "Foam Tape Market by Resin (Acrylic, Rubber, Silicone), Technology (Solvent, Water, Hot-Melt), Type (PE, PU, Acrylic), End-Use Industry (Automotive, Building & Construction, Electrical & Electronics, Paper & Printing), and Region - Global Forecast to 2023"published by MarketsandMarkets™, The Foam Tape Market is estimated at USD 7.44 billion in 2018 and is projected to reach USD 10.35 billion by 2023, at a CAGR of 6.83% between 2018 and 2023. Foam tapes are pressure-sensitive and self-adhesive tapes that are coated with adhesive on one side or both sides of the foam types such as PE, PU, acrylic and (nitrile, EVA, rubber, polyester, polyether, PVC, and vinyl). These tapes are created by applying a thin adhesive layer to various foam types. The type of adhesive and the type of foam play important roles in determining the strength, cost, and ease of use and life of the foam tape. Foam tapes are widely used in the industries such as automotive, building & construction, and electrical & electronics for bonding, holding, mounting, splicing, and other purposes.
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Table of Contents
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Macroeconomic Indicators
7 Foam Tape Market, By Resin Type
8 Foam Tape Market, By Technology
9 Foam Tape Market, By Foam Type
10 Foam Tape Market, By End-Use Industry
11 Foam Tape Market, By Region
12 Competitive Landscape
13 Company Profiles
14 Appendix
The acrylic segment is projected to register the highest CAGR from 2018 to 2023 as acrylic-backed foam tapes are high-performance tapes, which are used in a variety of industries such as aerospace, solar energy, and wind energy. These tapes are ideal for bonding many substrates such as metals, higher surface energy plastics, glass, composite materials, unpainted metals, and where the demand for thicker conformable products is required.
https://www.prnewswire.com/news-releases/foam-tape-market-worth-10-35-billion-by-2023-874392819.html
The Foam Tape Market in the APAC region is expected to register the highest CAGR during the forecast period due to the rising demand for foam tape in the emerging economies such as India, China, South Korea, Vietnam, Taiwan, and Singapore. China is leading the market for foam tape in the region. The growth of various industries such as automotive, electrical & electronics, and paper & printing, is projected to drive the demand for foam tape in China.
3M Company (US), Nitto Denko Corporation (Japan), Tesa SE (Germany), Lintec Corporation (Japan), Intertape Polymer Group, Inc. (Canada), Avery Dennison Corporation (US), HALCO (US), 3F (Germany), and Scapa Group Plc (UK) are some of the key players operating in the Foam Tape Market.
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