A tape is any narrow strip or band of material used to hold or fasten something. A tape can be magnetic as well. Foam tape is a type of tape which cater to the sealing and bonding needs of various industries, because of their properties like excellent dampening, cushioning and gasketing. Foam tapes proffer protection from solvents, ultraviolet rays, and moisture. They can also be double coated, with adhesive applied on both sides of the foam. Such double coated foam tapes are used in mounting applications. Foam tapes provide heat and sound insulation and are used in sealing gaps in walls or windows. They are appropriate for automotive applications, electronic component, trunks or hatches and sun roofs, fabricating windows etc.
MARKET DYNAMICS
Damage caused to the environment because of the conventional tapes and escalating awareness about eco-friendly products to curb the damage caused is driving the foam tapes market growth. Massive use of foam tapes in bonding, mounting, holding, splicing and its wide applications in industries namely, automotive, construction, electronics and paper & printing industries, are also driving forces towards the development of the market. However, upsurge in the prices of acrylic and other raw materials obstructs the fruitful growth of the foam tapes market. Increasing research and development activities for the advancement in the properties of foam tapes will surely bolster the growth of the foam tapes market in the near future.
MARKET SCOPE
The "Global Foam Tapes Market Analysis to 2028" is a specialized and in-depth study of the chemical and material industry with a special focus on the global market trend analysis. The report aims to provide an overview of the foam tapes market with detailed market segmentation by resin type, foam type, backing material type, technology, end use industry and geography. The global foam tapes market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading foam tapes players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global foam tapes market is segmented on the basis of resin type, foam type, backing material type, technology, end use industry and geography. On the basis of resin type the market classify into acrylic, rubber, silicone and others. On the basis of foam type, the market is broken into pe-backed foam type, pu-backed foam type and acrylic based foam type. The market on the basis of backing material type is bifurcated into polyester & polyether urethane, vinyl nitrile, pvc vinyl and pvc. As per technology the market is segmented into solvent absed, water based and hot-melt based. On the basis of end use industry the market is classified into automotive, building & construction, electrical & electronics, paper & printing and others.
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REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The foam tapes market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the foam tapes market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the foam tapes market in these regions.
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MARKET PLAYERSThe reports cover key developments in the foam tapes market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from foam tapes market are anticipated to lucrative growth opportunities in the future with the rising demand for foam tapes in the global market. Below mentioned is the list of few companies engaged in the foam tapes market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the foam tapes market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-3M Company
-Avery Dennison Corporation
-HALCO
-Intertape Polymer Group, Inc.
-Lamatek, Inc.
-Lintec Corporation
-Nitto Denko Corporation
-Scapa Group Plc
-Seal King Ind Co., Ltd.
-Tesa Se
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