Global Acrylic Foam Tape Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027

MarketResearch.biz delivers in-depth insights on the global acrylic foam tape market in its upcoming report titled, “Global Acrylic Foam Tape Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global acrylic foam tape market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global acrylic foam tape market report has been segmented on the basis of product type, application, end-use, and region.

Introduction

Acrylic foam tapes are the high performance tapes that are manufactured to offer solutions for wide variety of industrial applications and is used for replacing spot welds, liquid adhesives, mechanical fasteners, and various other permanent fasteners. These tapes are ideally used for bonding various painted metals, unpainted metals, higher surface energy plastics, and where thicker conformable products are required. In addition, creating permanent and reliable bonds between various substrates including glass, painted surfaces, wood, metals, composite materials, and plastics is key function of an acrylic foam tape offered to the end-users. Acrylic foam tapes are also used for marine construction, metal fabrication, and window fabrication owing to their conformability, flexibility, and compressibility. These tapes are also ideal for outdoor and indoor usage owing to their high durability and enhanced thermal resistance properties. These tapes have various applications in automotive industry because of its bonding & attachment solutions for automotive exterior and interior parts such as skirt, door visor, side molding, cladding, spoiler, and side-sill.

Dynamics

Increasing demand for high strength and good flexibility products used for automobile manufacturing is major factor projected to drive growth of the potential market over the forecast period. Increasing application scope in construction sector is another key factor expected to support revenue growth of the target market. In addition, numerous properties offered by the products such as light weight, high strength, good texture, and weather resistance is among some another factor estimated to boost adoption of these products, which in turn expected to drive growth of the potential market over the forecast period.

Region Analysis

North America potential market is estimated to account for major share in terms of revenue in the global acrylic foam tape market. Asia Pacific market is also anticipated to register fastest growth in terms of revenue over the next 10 years, owing to increasing demand from automobile and construction industries in countries in this region. Increasing initiatives by various key automobile manufacturers in Asia Pacific region, and growing demand for acrylic foam tape materials from building and construction sector are key factors driving growth of the Asia Pacific acrylic foam tape market over the forecast period. China market is estimated to account for significant share in terms of revenue in the Asia Pacific. Rising awareness regarding various properties and advantages offered by these tapes among construction and automobile manufacturers in this region are among major factors driving growth of these industries, which in turn is anticipated to fuel growth of the target market in this region.

Global Acrylic Foam Tape Market Segmentation:

Segmentation by product type:

• Single sided foam tapes
• Double sided foam tapes

Segmentation by application:

• Automotive
• Health care
• Consumer goods
• Construction
• Graphics

Segmentation by end-use:

• Metal fabrication
• Truck/trailer assembly
• Mobile home manufacturing
• Glass lamination
• Paint and powder coating
• Fixing of vehicle panel
• Mounting of badge

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa