Global Foam Tape Market, By Product Type (Single Sided Foam Tape and Double Sided Foam Tape), Resin Type (Acrylic, Rubber, Silicon and Others), Foam Type (Polyethylene, Polyurethane, Acrylic and Others), Technology (Solvent Based, Water Based and Hot-Melt Based), End Use Industry (Automotive, Building and Construction, Electrical and Electronics, Paper and Printing and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Foam Tape Market
Data Bridge Market Research analyses that the foam tape market will witness a CAGR of 7.01% for the forecast period of 2022-2029. Growth in the demand for foam tape especially in the emerging economies such as India and China, growing use of foam tape for a wide range of end user applications such as in electrical and electronics, rising number of small and medium scale enterprises in the Asia-Pacific region and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the foam tape market.
From the name itself, it is clear that the foam tapes are pressure sensitive and self-adhesive tapes that are used between the surfaces to join or connect them. Foam tapes offer numerous advantages to the end users and are generally used for bonding, mounting, holding and splicing purposes.
Rise in demand for foam tape by automotive industry is the root cause for fuelling up the market growth rate. Rising demand for foam tape in the manufacturing of lightweight materials and cheaper components and growth and expansion of various end user verticals in the emerging economies will also directly and positively impact the growth rate of the market. Rising awareness about the benefits of foam tape in comparison to alternatives such as high strength, light weight, better texture, and weather resistance, rising expenditure for research and development proficiencies by the major companies, upsurge in the rate of industrialization, surging demand for adhesives, and growing focus on the technological advancements and modernization in the production techniques will further carve the way for the growth of the market.
However, insufficiency in raw material demand and supply owing to the lockdown and volatility in their prices will pose a major challenge to the growth of the market. High cost associated with research and development proficiencies, high investment involved in the production and strict global trade restrictions will dampen the market growth rate. Large scale availability of low cost alternatives in the market will also restrict the scope of growth for the market.
This foam tape market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on foam tape market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Foam Tape Market Scope and Market Size
The foam tape market is segmented on the basis of product type, resin type, foam type, technology, and end use industry. 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 market.
- On the basis of product type, the foam tape market is segmented into single sided foam tape and double sided foam tape.
- On the basis of resin type, the foam tape market is segmented into acrylic, rubber, silicon and others.
- On the basis of foam type, the foam tape market is segmented into polyethylene, polyurethane, acrylic and others.
- On the basis of technology, the foam tape market is segmented into solvent based, water based and hot-melt based.
- On the basis of end use industry, the foam tape market is segmented into automotive, building and construction, electrical and electronics, paper and printing and others.
Foam Tape Market Country Level Analysis
The foam tape market is segmented on the basis of product type, resin type, foam type, technology, and end use industry.
The countries covered in the 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.
Asia-Pacific region dominates the foam tape market owing to the rising demand for foam tape by the end user industries in the region, increase in the research and development activities, surging investment policies by the government in order to promote industrial growth, high economic growth in the emerging countries, high demand and application by aerospace and defence industry, abundant availability of raw materials and rising investments by various public and private manufacturers in Asia Pacific.
The country section of the foam tape market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Foam Tape Market Share Analysis
The foam tape market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to foam tape market.
Some of the major players operating in the foam tape market report are 3M, NITTO DENKO CORPORATION., AVERY DENNISON CORPORATION., Scapa, tesa Tapes (India) Private Limited, Intertape Polymer Group, Shurtape Technologies, LLC, ECHOtape., ORAFOL Europe GmbH., Adhesives Research, Inc., INDUSTRIAS TUK, SA DE CV, Wacker Chemie AG, Boston Tapes Commercial Srl, Fuji Chemical Industries Co., Ltd., American Biltrite, Teraoka Seisakusho co., Ltd., Saint-Gobain, Adirondack Specialty Adhesives, Rolltape and Ajit Industries Pvt. Ltd., among others.
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