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Aug. 31, 2021, 1:43 p.m. EDT

Foam Tape Market Size, Key Factors, Major Players, Growth Strategies, Trends, Forecast Till 2028

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Aug 31, 2021 (AB Digital via COMTEX) -- The global Foam Tape market report is an exhaustive analysis of the chemicals and materials industry and offers key insights into the market dynamics, drivers, restraints, current and emerging trends, and growth opportunities in the Foam Tape market. The report provides an accurate estimation of the market size in terms of value and volume. The market size and share has been estimated and validated by implementing both top-down and bottom-up approaches. The research report provides a comprehensive assessment of the top companies operating in the market to offer a clear understanding of the competitive landscape of the Foam Tape market on a global and regional scale.

The global Foam Tape market is expected to reach a value of USD 14.24 Billion by 2028, and register a CAGR of 6.50%, according to a new report by Reports and Data. These tapes are specialty materials that are used in the construction industry for various purposes such as for sealing windows, making sun- roofs, noise cancellation, and many others.

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In the Asia Pacific region due to the sudden rise in population and rapid urbanization, the market for insulating products are propelling at a swift rate. The rising economy in counties like China and Japan due to magnificent political, social, and economic conditions. Construction industries and paper printing industries of the APAC region are using these tapes in the construction of houses and commercial space.

Key participants:

3M Company, Tesa SE, Denko Corporation, Lintec Corporation, Intertape Polymer Group, Inc., Avery Dennison Corporation, Scapa Group Plc, Halco, 3F, and Seal King Ind Co. Ltd., among others.

Further key findings from the report suggest

  • Paper and printing industries held the largest market share of 36.4% in the year 2018. Foam tape materials are extremely cheap and can be recycled easily. This material has good insulating properties, high strength, absorbs moisture, flexible, low dielectric constant, and can be compressed easily. New technologies are introduced to make the Foam Tape retain the mechanical properties for a long period of time.

  • The hot melt-based technology is forecasted to witness the highest CAGR of 7.1% during the forecast period. This segment is rising since this technology is used in automotive, electrical and electronics, and paper and printing industries, among various others.

  • Silicone type sector held the largest market share of 39.0% in the year 2018. China became the largest consumer of foam tape products owing to the ever-growing construction industry along with the paper and printing industries in this region because of the rise in population and industrialization. China became a leader in the world for production and consumption of adhesive tapes because of its low-cost labor, and rise in urbanization with an expanding economy compared with other countries.

  • Asia Pacific is expected to witness the highest CAGR of 7.8% during the forecast period. Countries like India, China, Taiwan, South Korea, and Japan are rapidly catching up with the growth in the foam tape market. Adhesive tapes manufacturing and consumption have shifted from North America to Asia.

Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/1962

For the purpose of this report, Reports and Data have segmented into the global Foam Tape market on the basis of resin type, foam type, technology, end-user, and region:

Resin Type Outlook (Length, Million Meters; Revenue, USD Billion; 2018-2028)

  • Rubber

  • Silicone

  • Acrylic

  • Others

Foam Type Outlook (Length, Million Meters; Revenue, USD Billion; 2018-2028)

  • Acrylic

  • PE

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