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

MarketResearch.biz delivers in-depth insights on the global foam tape market in its upcoming report titled, “Global Foam Tape Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global 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 foam tape market report has been segmented on the basis of resin type, technology, foam type, end-use industries, and region.

Introduction

Foam tapes are the self-adhesive and pressure-sensitive tapes that are coated with an adhesive on single side or double sides with foam types such as polyethylene (PE), polyurethane (PU), acrylic, and others (nitrile, EVA, polyester, polyether, rubber, PVC, and vinyl). Foam tapes are manufactured by applying thin adhesive layer to different types of foam. The type of foam and the type of adhesive play important roles in determining cost, strength, and ease of use. Foam tapes are majorly used in various industrial sectors such as building & construction, automotive, and electronics & electrical for bonding, mounting, holding, splicing, and others.

Dynamics

Increasing demand for lightweight material and cheaper components used for automobile manufacturing is major factor expected to drive growth of the target market over the forecast period. Increasing application scope in aerospace & defense and construction sectors is another factor expected to support revenue growth of the target market. In addition, various properties offered by the products such as high strength, light weight, better texture, and weather resistance is another factor expected to boost adoption of these products, which in turn estimated to drive growth of the global market over the forecast period.

Region Analysis

Asia Pacific potential market is expected to account for significant share in terms of revenue in the global foam tape market. Asia Pacific market is also projected to register fastest growth in terms of revenue over the next 7 years, owing to increasing demand from construction and automobile industries in countries in this region. Increasing investments by various key automobile manufacturers in Asia Pacific region, and rising demand for foam tape materials from construction and building sector are key factors driving growth of the Asia Pacific foam tape market over the forecast period. China market is expected to account for major share in terms of revenue in the Asia Pacific, whereas the foam tape market in India is projected to register moderate CAGR over the forecast period. Rising awareness regarding different properties and advantages offered by these products in construction and automobile manufacturers in this region are other major factors driving growth of these end-use industries, which in turn is projected to fuel growth of the target market in this region.

Global 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 foam type:

• Polyethylene (PE)
• Polyurethane (PU)
• Acrylic
• Others (nitrile, EVA, rubber, polyester, polyether, PVC, 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