Foam Tape Market - Global Forecast to 2023: Advancement in Manufacturing Technology and End-Products
DUBLIN, Sept 27, 2018 /PRNewswire/ --
The "Foam Tape Market by Resin, Technology, Type, End-Use Industry, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The foam tape market is estimated at USD 7.44 billion in 2018 and is projected to reach USD 10.35 billion by 2023, at a CAGR of 6.83% from 2018 to 2023.
The increasing use of foam tape in various industries such as electrical & electronics, building & construction, automotive, and paper & printing is driving the foam tape market.
The foam tape market has been segmented on the basis of resin type, foam type, technology end-use industry, and region. Based on resin type, the foam tape market has been segmented into acrylic, rubber, silicone, and others. Silicone resin-based adhesive tapes maintain adhesion over a large temperature range and possess the ability to adhere to difficult surfaces. The overall adhesive strength of silicone resin-based adhesive tapes is lower than that of other adhesive tapes. However, silicone-based foam tapes are more expensive as compared with acrylic and rubber resin-based adhesive tapes.
Based on technology, the foam tape market has been segmented into solvent-based, water-based, and hot-melt-based. The hot-melt-based segment is expected to register the highest CAGR, in terms of volume during the forecast period. The hot-melt-based technology provides the advantage of high strength and immediate bond, which makes hot-melt-based foam tapes ideal for a variety of applications in the building & construction, automotive, paper & printing, and electrical & electronics industries. The benefits of using hot-melt technology include excellent adhesion, quick set, ease of use, and fast processing.
Based on foam type, the foam tape market has been segmented into PE, PU, acrylic, and others. The acrylic segment is expected to register the highest CAGR, in terms of volume during the forecast period. Acrylic-backed foam tapes are high-performance tapes, which are used in the industries such as automotive, healthcare, and aerospace. They are suitable for bonding many substrates such as painted surfaces, higher surface energy plastics, and unpainted surfaces, glass, wood, composite materials, metals, and plastics, which are further used in a variety of industries.
Based on end-use industry, the foam tape market has been segmented into electrical & electronics, automotive, paper & printing, building & construction, and others. The paper & printing industry is projected to register the highest CAGR, in terms of volume during the forecast period, as foam tapes are extensively used during the production of paper. Foam tape provides continuity in the running of the paper machines, coaters, calendars, and sheeters, which help in certain integral tasks during the production process of paper, such as splicing, reel closing, and core start. The demand for foam tapes in the paper & printing industry mainly comes from the retail and digital printing segments.
The foam tape market in the APAC region is expected to register the highest CAGR, in terms of volume during the forecast period. The rising demand for foam tapes from the automotive, building & construction, paper & printing, and electrical & electronics industries from the countries such as India, China, South Korea, Vietnam, Taiwan, and Indonesia is expected to drive the foam tape market in the region. China is expected to lead the demand for foam tapes in the region.
The key players operating in the foam tape market include 3M Company (US), Nitto Denko Corporation (Japan), Tesa SE (Germany), Lintec Corporation (Japan), Intertape Polymer Group, Inc. (Canada), Avery Dennison Corporation (US), Halco (US), 3F (Germany) and Scapa Group Plc (UK).
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Significant Opportunities in the Foam Tape Market
4.2 Foam Tape Market, By Resin Type
4.3 Foam Tape Market, By Technology
4.4 Foam Tape Market, By Foam Type
4.5 Foam Tape Market, By End-Use Industry
4.6 Foam Tape Market, Developed vs Developing Nations
4.7 Foam Tape Market in APAC, By End-Use Industry and Country
4.8 Foam Tape Market, By Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Wide Usage of Foam Tape in Various Industries
5.2.1.2 High Demand for Foam Tape in APAC
5.2.1.3 High Demand for Acrylic-Backed Foam Tape
5.2.2 Restraints
5.2.2.1 Higher Prices of Raw Materials and End-Products
5.2.3 Opportunities
5.2.3.1 Advancement in Manufacturing Technology and End-Products
5.2.3.2 Growing Demand for Acrylic-Backed Foam Tape in the Automotive Industry
5.2.4 Challenges
5.2.4.1 Implementation of Stringent Regulatory Policies
5.3 Porter's Five Forces Analysis
6 Macroeconomic Indicators
6.1 Introduction
6.2 Trends and Forecast of GDP
6.3 Trends in the Automotive Industry
6.4 Construction Industry Spending Worldwide, 2017-2025
6.5 Estimated Growth Rate for the Global Electrical & Electronics Industry, By Region, 2018-2022
7 Foam Tape Market, By Resin Type
7.1 Introduction
7.2 Acrylic
7.3 Rubber
7.4 Silicone
7.5 Other Resin Types
8 Foam Tape Market, By Technology
8.1 Introduction
8.2 Solvent-Based Foam Tape
8.3 Water-Based Foam Tape
8.4 Hot-Melt-Based Foam Tape
9 Foam Tape Market, By Foam Type
9.1 Introduction
9.2 Pe-Backed Foam Tape
9.2.1 Types of Pe-Backed Foam Tape
9.3 Pu-Backed Foam Tape
9.4 Acrylic-Backed Foam Tape
9.5 Others
10 Foam Tape Market, By End-Use Industry
10.1 Introduction
10.1.1 Automotive
10.1.2 Building & Construction
10.1.3 Electrical & Electronics
10.1.4 Paper & Printing
10.1.5 Others
11 Foam Tape Market, By Region
12 Competitive Landscape
12.1 Overview
12.2 Competitive Scenario
12.2.1 Mergers & Acquisitions
12.3 Investments & Expansions
13 Company Profiles
13.1 3M Company
13.2 Nitto Denko Corporation
13.3 Tesa Se
13.4 Lintec Corporation
13.5 Avery Dennison Corporation
13.6 Intertape Polymer Group, Inc.
13.7 Scapa Group PLC
13.8 Lohmann GmbH & Co. Kg
13.9 3F
13.10 Halco
13.11 Other Key Companies
13.11.1 Mactac, LLC
13.11.2 Adchem Corporation
13.11.3 CCT Tapes
13.11.4 Tape-Rite Co. Inc.
13.11.5 Ajit Industries
13.11.6 Adere
13.11.7 Adhere Industrial Tapes Ltd
13.11.8 Guangzhou Broadya Adhesive Products Co.
13.11.9 Saint-Gobain Performance Plastics
13.11.10 A-Spe
13.11.11 AVX
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