Global Foam Tape Market to Witness Growth at 6.51% for the Forecast Period of 2020 to 2027

Foam Tape Market is expected to rise at annual rate of 6.51% for the forecast period of 2020 to 2027 with the factors such as progress in the amount of regulation on restricting VOC emissions content in foam tape which will act as restraint and may hinder the growth of the market.

To overcome such hindrances, the progress in analysis projects to escalate the solvent-based content of PU by making use of PU foam will create new and lucrative opportunities for the growth of the market in the above mentioned forecast period.

Foam Tape Market Scenario

According to Data Bridge Market Research, the market of foam tape is developing owed to certain factors such as, increasing consumption in various industries like transportations, building and construction, electronics and electrical, automotive, transportation, aerospace and others. The growing demand for polyethylene foam as a solvent in end-user furniture manufacturing and automotive industry is also anticipated to enhance the growth of the market. The consumption of PU foam as a solution is one of the essential circumstances which are also helping the foam tape market to grow.

Now the question is which are the other regions intuitive is targeting? Data Bridge Market Research has forecasted Asia-Pacific (APAC) to cater an opportune market scope for the foam tape business because of tremendous market for the building and construction, electronics, transportations, and electrical, transportation, automotive and aerospace.

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Foam Tape Market Development

  • In June 2019, RPM’s Tremco business has attained Schul International Co., LLC, a producer of joint sealants for marketable construction along with Willseal LLC, a company that sells and markets Schul products. Both companies have their headquartered in Hudson, N.H., with yearly net sales of about USD 15.00 million mutual. Schul's product line includes mainly of compressed and self-expanding foam tapes which are used for sealing joints in applications counting prefabricated concrete, window seals, modular construction, and concrete pretense restitution.

Foam Tape Market Scope

Foam tape market is segmented on the basis of countries into the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • All country based analysis of foam tape market is further analyzed based on maximum granularity into further segmentation. 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 PE, PU, 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 & construction, electrical & electronics, paper & printing and others.
  • Foam tapes are employed to shut the bonds between various industrial devices to evade leakage. Due to their excellent quality of the result like cushioning, dampening, and gasketing, they are widely used in numerous industries. These tapes also bestow faultless protection against solvents, ultraviolet rays, and moisture ensuing in better life of the products.

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Key Pointers Covered in the Foam Tape Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Cost of Care Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the Report

  • 3M
  • tesa SE
  • LINTEC Corporation
  • Scapa Group plc
  • Intertape Polymer Group
  • Halco
  • Lohmann GmbH & Co.KG
  • 3F GROUP
  • CCT Tapes
  • Ajit Industries Pvt. Ltd
  • Tape-Rite
  • Saint-Gobain Performance Plastics
  • A-SPE Europe
  • LAMATEK, Inc
  • AFT Corporation
  • Lynvale Ltd
  • GPI Corporation (M) Sdn Bhd
  • Wuxi Canaan Adhesive Technology Co. Ltd
  • Helipro Tapes Sdn. Bhd
  • Foshan Jintuo Adhesive Products Co. Ltd
  • V. Himark (USA) Inc
  • Kubhera Insulation

Above are the key players covered in the report, to know about more and exhaustive list of foam tape companies’ contact us        

Research Methodology of Foam Tape Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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