Foam Tape Market – Global Industry Size, Share, Trends, Opportunity, and Forecast , Segmented By Resin Type (Rubber, Silicon, Others), By Technology (Solvent, Water, Hot-Melt), By Foam Type (Polyethylene, Polyurethane, Acrylic, Others), By End Use Industry (Automotive, Building & Construction, Electrical & Electronics, Others), By Region and Competition 2018-2028
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Infrastructure | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationFoam Tape Market – Global Industry Size, Share, Trends, Opportunity, and Forecast , Segmented By Resin Type (Rubber, Silicon, Others), By Technology (Solvent, Water, Hot-Melt), By Foam Type (Polyethylene, Polyurethane, Acrylic, Others), By End Use Industry (Automotive, Building & Construction, Electrical & Electronics, Others), By Region and Competition 2018-2028
expected to grow at a robust pace in the forecast period 2024-2028.
Foam tape serves as an adhesive solution for situations where uneven surfaces need to be joined. In instances where the surface is notably rough or possesses substantial irregularities, thicker variants of foam tape can be utilized to even the surface. Diverse foam options are found at to cater for various substrate requirements, with the incorporation of adhesives enabling the production of both single-sided and double-sided foam tapes.
Moreover, foam tapes find extensive applications in bonding and sealing across a range of industries. In the automotive sector, they are employed for tasks like affixing plastic emblems onto metal substrates, sealing windows, doors, sunroofs, trunks/hatches, and other automotive components. Moreover, the HVAC and construction industries widely utilize foam tapes for various purposes. Notably, foam tape serves as a compressible sealant, effectively sealing gaps between mechanical parts or around pipe joints to prevent the leakage of gas, liquid, air, or sound. Its versatility makes it suitable for applications such as electrical enclosures, shed doors, and garage doors, offering an alternative to rubber foam or pumpable caulks/sealants.
Additionally, highly conformable foam tape allows for endless customization to meet the needs of nearly any application. The use of foam tape offers many benefits, including time and cost efficiency, extended service life, adaptability, and flexibility. Foam tapes are used as interior adhesives for appliances and equipment eliminate the need for fasteners, liners, and gasket materials. Eliminates the trouble of installation work and waste disposal, greatly reducing the total man-hours and time required for manufacturing and improving production efficiency. Foam tape is easy and inexpensive to manufacture, can be molded to exact dimensions, and minimizes material costs. Strip conversion processes such as rotary slitting and stamping allow to meet the requirement of project. Large rolls or logs can be fed to size with low material overhead.
Applications of Foam Tape
Increasing Demand for Product Longevity
Advanceable Features of defense against UV radiation and other environmental concerns propelling the Global Foam Tapes Market
Increasing Technological Advancements
Rising Prices of Raw Materials & Lack of Policies
Additionally, the governments' stringent environmental and regulatory measures governing the usage of technology based on solvents have compelled makers of foam tape to raise the price of their finished goods. Regulatory agencies in Europe and North America, including COSHH EU, REACH, GHS, and EPA, are posing problems for the chemical business. Regarding the production and use of foam tape in various applications to lower VOC emissions, the manufacturers in these locations must abide by these laws. Their use of solvent-based technologies in foam tape production has been impacted by this. The manufacturers may face a significant hurdle as a result of the laws, which force them to switch from solvent-based to water-based technology.
Recent Developments
- In 2024-2032, RPM International Inc. announced that its Tremco business had acquired Schul International Co., LLC and Willseal LLC. Both companies are headquartered in Hudson, New Hampshire and have combined annual net sales of approximately USD15 million. Schul's product line is primarily a pre-compressed self-expanding material used to seal vertical and horizontal joints in applications such as window sealing, precast concrete, modular construction and concrete façade renovations.
- A new packaging tape with recycled post-consumer PET backing material was created by TESA SE in September 2022. It is manufactured using a water-based acrylic glue process and 70% recycled PCR. It creates less noise, is more enduring, and more resistant to wear and tear.
Market Segmentation
Market players
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018– 2022 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments Covered | Resin Type Technology Foam Type End Use Industry Region |
| Regional scope | North America, Asia-Pacific, Europe, South America, Middle East & Africa |
| Country scope | United States, Canada, Mexico, China, India, Japan, South Korea, Australia, Germany, United Kingdom, France, Italy, Spain, Brazil, Argentina, Colombia, Saudi Arabia, South Africa, UAE |
| Key companies profiled | Nitto Denko Corporation, 3M Company, LINTEC Corporation, Tesa SE, Avery Dennison Corporation, Intertape Polymer Group Inc., 3F Group, RPM International Inc., Scapa Group Plc., Lohmann GmbH & Co. KG |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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