Global Foam Tape Market (2020 to 2025) - Growth, Trends, and Forecast - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Foam Tape Market - Growth, Trends, and Forecast (2020-2025)" report has been added to ResearchAndMarkets.com's offering.

The foam tape market is expected to grow at a CAGR of over 6% during the forecast period.

One of the main factors driving the market is growing demand of foam tape from the automotive industry. However, volatility in raw material price of foam tape is expected to hinder the growth of the market studied.

Growing demand of foam tape from lightweight electrical vehicles is likely to act as an opportunity for the market studied in the coming years.

Companies Mentioned

• 3M
• NITTO DENKO CORPORATION
• HALCO
• Tesa Tapes Private Limited
• Scapa
• LINTEC Corporation
• Avery Dennison Corporation
• Intertape Polymer Group Inc.
• 3F GmbH Klebe- & Kaschiertechnik
• Lamatek, Inc
• Wuxi Canaan Adhesive Technology Co., Ltd
• Lynvale Ltd
• Lohmann GmbH & Co. KG

Key Market Trends

Increasing Demand of Foam Tape from Automotive Sector

• Foam tapes are utilized for sound hosing, insulating, gasketing, padding/cushioning, and fixing and are intended to upgrade the appearance and improve the general performance of a designed product.
• Additionally, Foam tape can withstand temperatures of -40F to 300F and it can resist moisture, ultraviolet rays from the sun, and solvents, providing high bonding strength to compensate for different thermal expansions.
• Foam tapes are used in the automotive industry for bonding plastic emblems onto metal substrates, sealing windows, doors, sun roofs, and trunks/hatches etc.
• Owing to a huge growth in population, rising per capita income, as well as economic development in countries, like China, India, and other ASEAN countries, will drive the automotive industry significantly in Asia-Pacific region.
• Hence, owing to the above-mentioned factors, the application of foam tape from automotive industry is likely to dominate during the forecast period.

Asia-Pacific Region to Dominate the Market

• Asia-Pacific region is expected to dominate the market for foam tape during the forecast period, due to the rising demand of foam tape from the construction industry with growing population in developing countries like India and China.
• The largest producers of foam tape are located in Asia-Pacific region. Some of the leading companies in the production of foam tape are 3M, HALCO, NITTO DENKO CORPORATION, Wuxi Canaan Adhesive Technology Co., Ltd and Lohmann GmbH & Co. KG among others.
• Ruling Govt. Initiatives, such as Housing for all the government's flagship scheme PMAY, launched in June 2015, aim to build 20 million urban homes and 30 million rural houses by 2022. Smart Cities, etc. are fuelling the growth of the Urban Infrastructure and construction development.
• The National Development and Reform Commission (NDRC) announced that restrictions will be loosened on the second-hand auto market, and appropriate subsidies will be provided to boost rural sales of some vehicles, as well as the purchase of new energy vehicles.
• Owing to the above-mentioned factors, the market for foam tape in the Asia-Pacific region is projected to grow significantly during the study period.

Key Topics Covered:

1 INTRODUCTION

1.1 Study Assumptions

1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Increasing Demand of Foam Tape from Automotive Sector

4.1.2 Other Drivers

4.2 Restraints

4.2.1 Volatility in Raw Material Price of Foam Tape

4.2.2 Other Restraints

4.3 Industry Value Chain Analysis

4.4 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Foam Type

5.1.1 Polyethylene

5.1.2 Polyurethane

5.1.3 Neoprene

5.1.4 Acrylic

5.1.5 Others

5.2 Type

5.2.1 Single Sided Foam Tape

5.2.2 Double Sided Foam Tape

5.3 Resin Type

5.3.1 Rubber

5.3.2 Silicon

5.3.3 Acrylic

5.3.4 EVA

5.3.5 Others

5.4 By Technology

5.4.1 Solvent-Based

5.4.2 Water-Based

5.4.3 Hot-Melt-Based

5.5 End-User Industry

5.5.1 Automotive

5.5.2 Construction

5.5.3 Electrical and Electronics

5.5.4 Aerospace

5.5.5 Packaging

5.5.6 Others

5.6 Geography

5.6.1 Asia-Pacific

5.6.1.1 China

5.6.1.2 India

5.6.1.3 Japan

5.6.1.4 South Korea

5.6.1.5 Rest of Asia-Pacific

5.6.2 North America

5.6.2.1 United States

5.6.2.2 Canada

5.6.2.3 Mexico

5.6.3 Europe

5.6.3.1 Germany

5.6.3.2 United Kingdom

5.6.3.3 France

5.6.3.4 Italy

5.6.3.5 Rest of Europe

5.6.4 South America

5.6.4.1 Brazil

5.6.4.2 Argentina

5.6.4.3 Rest of South America

5.6.5 Middle-East and Africa

5.6.5.1 Saudi Arabia

5.6.5.2 South Africa

5.6.5.3 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Market Share/Ranking Analysis**

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

7.1 Growing Demand of Foam Tape from Lightweight Electrical Vehicle

7.2 Other Opportunities

For more information about this report visit https://www.researchandmarkets.com/r/juq7p7