The adhesive foam tape market will reach at an estimated value of USD 1.93 billion and grow at a rate of 3.85% for the forecast period of 2021 to 2028. Rise in the demand for lightweight material and cheaper components used for automobile manufacturing is a vital factor driving the growth of adhesive foam tape market.
Foam tapes are defined as the self-adhesive and pressure-sensitive tapes which are coated with an adhesive on single side or double sides with foam types such as polyurethane (PU), polyethylene (PE), acrylic, and others (nitrile, EVA, polyester, polyether, rubber, PVC, and vinyl). Foam tapes are basicallu used in numerous industrial sectors such as automotive, building & construction, and electronics & electrical for bonding, mounting, holding, splicing among others.
Rise in the application scope in aerospace & defense and construction sectors is the vital factor escalating the market growth, also rise in the various properties offered by the products such as high strength, light weight, better texture, and weather resistance and rise in the awareness regarding different properties and advantages offered by these products in construction and automobile manufacturers are the major factors among others driving the adhesive foam tape market.
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The major players covered in the adhesive foam tape market report are 3M, NITTO DENKO CORPORATION, tesa Tapes (India) Private Limited, LINTEC Corporation, AVERY DENNISON CORPORATION, Scapa Group plc, Intertape Polymer Group, Halco, Lohmann GmbH & Co.KG, CCT Tapes, Ajit Industries Pvt. Ltd., Tape-Rite Co., Inc., KLEIBERIT, Saint-Gobain Performance Plastics, A-SPE Europe, LINTEC Corporation, SEAL KING IND CO. LTD., LAMATEK, Inc, AFT Corporation., Lynvale Ltd, Wuxi Canaan Adhesive Technology Co. Ltd, Helipro Tapes Sdn. Bhd., Foshan Jintuo Adhesive Products Co. Ltd., V. Himark (USA) Inc and Kubhera Insulation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Scope of the Adhesive Foam Tape Market Report:
The adhesive foam tape market is segmented on the basis of type, application and technology. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on type, the adhesive foam tape market is segmented into polyethylene, polyurethane, acrylic and others.
- Based on application, the adhesive foam tape market is segmented into automotive, electrical and electronics, construction and others.
- The adhesive foam tape market is also segmented on the basis of technology into solvent-based, water-based and hot-melt-based.
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Adhesive Foam Tape Market Regional Analysis/Insights
The Adhesive Foam Tape market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Adhesive Foam Tape market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Adhesive Foam Tape within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Adhesive Foam Tape market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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