A new Report by Delvens, titled "Adhesive Foam Tape Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global Adhesive Foam Tape market size was estimated at USD 10.1 billion in 2023 and is projected to reach USD 15.5 billion in 2030 at a CAGR of 6.5% during the forecast period 2023-2030.
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Foam tapes, which are widely regarded as a type of adhesive tape that features self-adhesive properties and pressure-sensitive characteristics, are coated with an adhesive on either one or both sides. These tapes are typically constructed using various foam types, including but not limited to polyurethane, polyethylene, acrylic, and others such as nitrile, EVA, polyester, polyether, rubber, PVC, and vinyl.
In essence, foam tapes serve as a fundamental component within a plethora of industrial sectors, including the automotive industry, building and construction, as well as electronics and electrical industries. Their versatile nature allows them to be used for a multitude of purposes, including bonding, mounting, holding, splicing, and many more.
Regional Analysis
Asia-Pacific to Dominate the Market
Asia-Pacific (APAC) region will take the lead in the foam tape market in terms of volume. This is attributed to the economic growth of the emerging countries within the region, namely China, India, Taiwan, Indonesia, Vietnam, and Malaysia.
It is anticipated that this economic growth will serve as a key driver for the demand of foam tape in the region.
Competitive Landscape
• 3M Company
• Nitto Denko Corporation
• Tesa SE (A Beiersdorf Company)
• Avery Dennison Corporation
• Scapa Group plc
• Lintec Corporation
• Sekisui Chemical Co., Ltd.
• Intertape Polymer Group Inc.
• Saint-Gobain Performance Plastics Corporation
• Lohmann GmbH & Co. KG
• AFTC (American Flexible Products)
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Recent Developments
In June 2019, RPM's Tremco business, a global leader in the construction industry, has recently acquired Schul International Co., LLC, an esteemed manufacturer of top-quality joint sealants that are specifically designed for use in commercial construction. Moreover, Tremco also acquired Willseal LLC, a highly reputable company that specializes in the marketing and selling of Schul products, thus solidifying Tremco's position as a dominant player in the industry.
Adhesive Foam Tape Market, By Type, Application, Technology and Region:
Based on Resin Type
• Acrylic
• Rubber
• Silicone
Based on the Technology
• Solvent-based
• Water-based
• Hot-melt-based
Based on the Foam Type
• PE backed
• PU backed
• Acrylic backed
Based on End-use Industry
• Automotive
• Building & Construction
• Electrical & Electronics
• Paper & Printing
Based on Type
• Single Sided foam tape
• Double Sided foam tape
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In addition to the market data for the Adhesive Foam Tape Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
Frequently Asked Questions:
What are the years considered to study Adhesive Foam Tape Market intelligence report?
The Adhesive Foam Tape Market is studied from 2023-2030.
What is the compound annual growth rate (CAGR) of the Adhesive Foam Tape Market?
The Adhesive Foam Tape Market is growing at a CAGR of 6.5% during the forecast period.
Which region holds the largest market share in Adhesive Foam Tape Market?
Asia-Pacific holds the highest share in 2022 for Adhesive Foam Tape Market.
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