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Global Foam Tape Market Insight April 27, 2022 Comments

Global acrylic foam tapes is forecast to 7.41% over the next five years. According to the WK-chem Research, “Global Foam Tape Professional Survey Report 2022, Forecast to 2027”, good anti-vibration properties, long-term holding power, excellent resistance to moistures & solvents, and excellent conformity are few other driving factors for global acrylic foam tapes market during the forecast period. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 7.41% base on WK-chem Research regression analysis model.
Analysts’ Viewpoint:
“Long shelf life, as well as long life of high strength bond, makes acrylic foam tape a preferred choice for many industries which is anticipated to aid in the market growth. Acrylic foam tapes are used in automotive, aircraft, construction and so on. As these industries are expanding dynamically, demand for these tapes is projected to rise”, said Tracy Wilson, Data Analyst, in WK-chem Research.
Market insight:
Global acrylic foam tapes market is expected to grow and gain traction during the forecast period owing to features such as huge internal strength and good flexibility reducing peeling stress. Furthermore, eco-friendly concept, shock absorption capability, and good anti-aging properties are some of the factors which are expected to fuel the global acrylic foam tapes market during the forecast period.
Low tack or initial bond strength of acrylic adhesive and poor adhesion to polyolefin are the factors which are expected to hamper the growth of global acrylic foam tapes market during the forecast period. Furthermore, high associated cost is one of the other major factors hindering the growth of global acrylic foam tapes market over the forecast period.
Competition Landscape:
This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading acrylic foam tapes companies that include: SEAL KING IND CO., LTD., Helipro Tapes Sdn. Bhd., 3M, Speciality Tapes Industry, AFTC, Kubhera Insulation, LAMATEK, Inc., Foshan Jintuo Adhesive Products Co.,Ltd, Shenzhen Xinst Technology Co.,Ltd, Nippon Industries, Himark (USA) Inc.
Segmentation of Acrylic Foam Tapes Market:
According to the type, the market for acrylic foam tapes is divided into: Single Sided Foam Tapes and Double Sided Foam Tapes. Double Sided Foam Tapes has the largest market share. These tapes can form bonds of exceptional strength, durability, and elasticity than conventional double-sided foam tapes. Acrylic foam tapes are designed to provide high bond strength and can be used as a substitute for rivets, spot welds, liquid adhesives, and other permanent fasteners.
According to the application, the market for acrylic foam tapes is divided into: Automotive, Health Care, Consumer Goods, Construction, and Graphics. Automotive has the largest market share. Acrylic foam tapes find their major application in automotive industry due to the provision of bonding & attachment solutions for automotive interior & exterior parts such as door visor, skirt, cladding, side molding, spoiler, and side-sill.
Acrylic Foam Tapes Market: Regional Analysis
In terms of geography, the global acrylic foam tapes market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. North America is estimated to dominate the global acrylic foam tapes market during the forecast period due to high penetration of healthcare and automotive industry. Furthermore, Europe market is estimated to be the second highest market owing to growing awareness among customers for better quality and more reliable products rather than going for the inexpensive ones.
Cagr: 7.41%
Largest share area:North America
largest share country: United States
Product Type:Single Sided Foam Tapes and Double Sided Foam Tapes.
Application:Automotive, Health Care, Consumer Goods, Construction, and Graphics. Leading Company:SEAL KING IND CO., LTD., Helipro Tapes Sdn. Bhd., 3M, Speciality Tapes Industry, AFTC.