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

Global Double-Sided Foam Tape Market Introduction:

“The global Double Sided Foam Tape Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

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 Double Sided Foam Tape market report has been segmented on the basis of resin type, technology, backing material, end-use industries, and region.

Double-sided foam tapes are pressure-sensitive and self-adhesive tapes coated with an adhesive on both sides with foam types such as polyethylene (PE), acrylic, polyurethane (PU), and others.

Double-sided foam tapes are produced by applying an adhesive layer to various types of foam. These tapes are formulated with specialty proprietary glues/adhesives designed to ensure consistency and reliability.

Double-sided tapes deliver high performance and industrial strength in various conditions from high heat to cold weather. Foam tapes are majorly used in various industrial sectors such as automotive, building & construction, and electronics & electrical for mounting, bonding, splicing, holding, and others.

Dynamics

Increasing demand for double-sided tapes across various industrial sectors such as automotive, building & construction, electrical & electronics, and paper & printing, is a major factor expected to drive the growth of the potential market over the forecast period.

Increasing its application scope in construction and aerospace & defense sectors is another factor projected to support revenue growth of the target market.

In addition, various properties offered by the products such as better texture, high strength, and weather resistance is among other key factors expected to boost adoption of the products, which in turn are expected to drive the growth of the global market over the forecast period.

Region Analysis

Asia Pacific market is estimated to account for a major share in terms of revenue in the global double-sided foam tape market.

In addition, the Asia Pacific target market is also anticipated to register the fastest growth in terms of revenue over the next 10 years, owing to increasing demand from electronics & electrical, automobile, and construction industries in countries in this region.

Increasing investments by major key automobile manufacturers in the Asia Pacific region, and rising demand for double-sided foam tape materials from the building and construction sector are other key factors driving the growth of the Asia Pacific double-sided foam tape market over the forecast period.

China market is estimated to account for a significant share in terms of revenue in the Asia Pacific, whereas the double-sided foam tape market in India is estimated to register a rapid CAGR over the forecast period.

Rising awareness regarding different advantages offered by these products in automobile, packaging, healthcare, and construction manufacturers in this region are other major factors driving the growth of these end-use industries, which in turn is anticipated to fuel the growth of the target market in this region.

Global Double-Sided Foam Tape Market Segmentation:

Segmentation by resin type:

• Acrylic
• Rubber
• Silicone
• Others (EVA and Polyurethane)

Segmentation by technology:

• Solvent-based
• Water-based
• Hot-melt-based

Segmentation by backing material:

• Foam
• Film
• Paper/Tissue
• Unsupported
• Others (cloth, cotton, metal, alloys, polyamide (PA), cellulose, fiberglass, non-woven, and vinyl)

Segmentation by end-use industries:

• Automotive
• Building & Construction
• Electrical & Electronics
• Paper & Printing
• Others (packaging, aerospace & defense, healthcare, woodworking, wind energy, solar energy, and sports)

Segmentation by region:

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