Foam tape is a pressure-sensitive adhesive tape that is made from polyethylene foam and has a pressure-sensitive adhesive on one or both sides. It is commonly used for soundproofing, cushioning, and sealing. Foam tape has a wide range of applications, including HVAC, automotive, construction, and general industrial. The use of foam tape has expanded in recent years as it has been discovered to be an effective tool in a variety of applications. Because of its numerous benefits, foam tape has grown in popularity in recent years. It is simple to use, resistant to water and moisture, flame-retardant, and suitable for a wide range of applications. It also has excellent adhesion and can be used both inside and outside. As such, it is becoming increasingly popular in many industries.
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The foam tape market is projected to reach USD 10.35 billion by 2023, at a CAGR of 6.83%. The different types of foam used in foam tapes are PE, PU, acrylic, and others (nitrile, EVA, and rubber, polyester, polyether, PVC and vinyl), which are coated on one side or both sides with an adhesive. The main resin types used in foam tape include acrylic, rubber silicone, and others (EVA and polyurethane), with acrylic resin accounting for the major market share. The main technologies used by the manufacturers of foam tape are solvent-based, water-based, and hot-melt-based, with the solvent-based technology accounting for the major market share.
Merger & acquisition was the key growth strategy adopted by the leading players in the foam tape market between 2015 and 2018. The companies operating in the foam tape market are focused on enhancing their product portfolios and expanding their global presence. They are also focused on entering new markets by launching technologically-advanced as well as eco-friendly and UV hot-melt foam tape for various end-use industries. The leading manufacturers of foam tape include 3M Company (US), Nitto Denko Corporation (Japan), Tesa (Germany), Lintec Corporation (Japan), Intertape Polymer Group, Inc. (Canada), Avery Dennison Corporation (US), HALCO (US), 3F (Germany) and Scapa Group Plc (UK).
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Avery Denision (US), Nitto Denko Corporation (Japan), 3M (US), and Tesa (Germany) are the key players in the foam tape market. These companies accounted for a share 93.33% of all the developmental activities that took place in the foam tape market between 2015 and 2018. Avery Denision (US) has adopted inorganic growth strategies to enhance its geographic reach in the foam tape market. For instance, in February 2017, the company completed the acquisition of Yongle Tape Company Ltd. (China), a manufacturer of specialty tape and related products for a variety of industries. This strategy was adopted to cater to the growing demand from the APAC region.
In 2016, Nitto Denko Corporation merged its three subsidiaries, namely, Nitoms Inc., Nitto Medical Corporation, and Nitto Lifted Corporation. The purpose of the merger is to reinforce, manufacture, and sell solvent-less foam tapes to various industries such as healthcare and automotive.
3M is another key player that has established a strong position in the foam tape market. The company concentrates on expanding its customer base through acquisitions. For instance, in October 2016, 3M invested USD 135 million in its Tuas Plant (Singapore). The company aims at manufacturing acrylic foam tape (scotch tape) for use in the healthcare, packaging, electrical & electronics, and other industries.
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Foam Tape Market Overview:The latest research on the Foam Tape market takes stakeholders, field marketing executives and business owners one step ahead by providing a comprehensive summary of their immediate competitors for the forecast period from 2019 to 2026.
To ensure that companies and individuals operating in the Foam Tape market have access to adequate for the upcoming years.The valuation for the foam tape market was USD 7.48 Billion in 2018, and it is expected to reach USD 12.61 Billion by 2026.Avail a Sample to know more about the complete Report : https://www.reportsanddata.com/sample-enquiry-form/1962The market intelligence report gives a concise view of various consumer groups functional in the industry and their need to help product owners cater to those requirements and generate profit.
Apart from this, the report aims at outlining the consumers whom business owners operating in the Foam Tape market should and should not target, along with the main alternatives and competitive product offerings.
Defining major challenges and roadblocks remains the key focus of the study.
Problem definition covered in the report provides a systematic approach to recent investments and makes product marketing both simpler and more efficient.Key Players in Foam Tape Market:3M Company, Tesa SE, Denko Corporation, Lintec Corporation, Intertape Polymer Group, Inc., Avery Dennison Corporation, Scapa Group Plc, Halco, 3F, and Seal King Ind Co. Ltd., among others.
Foam Tape Market Segmented By:Resin Type Outlook (Length, Million Meters; Revenue, USD Billion; 2016-2026)RubberSiliconeAcrylicOthersFoam Type Outlook (Length, Million Meters; Revenue, USD Billion; 2016-2026)AcrylicPEPUOthersTechnology Type Outlook (Length, Million Meters; Revenue, USD Billion; 2016-2026)Water-basedSolvent-basedHotmelt-basedEnd-Users Outlook (Length, Million Meters; Revenue, USD Billion; 2016-2026)Paper and PrintingElectrical and ElectronicsAutomotiveBuilding and ConstructionOthers Regional Foam Tape Market (Regional Output, Demand & Forecast by Countries):-North America (United States, Canada, Mexico)South America (Brazil, Argentina, Ecuador, Chile)Asia Pacific (China, Japan, India, Korea)Europe (Germany, UK, France, Italy)Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.
Obturator Foam Tape Market Analysis Latest Report By Key Players - 3M, Frost King, M-D Building Products, Uline, Mavalus, Dennis, Tombow, RockTape, Schonox Foam Tape - Global ForecastThe latest report published on Up Market Research, on Obturator Foam Tape Market Analysis offers comprehensive analysis, delivering detailed market data and penetrating insights.
Get Free Sample Copy Of This Report @ https://www.upmarketresearch.com/home/requested_sample/6120 The Obturator Foam Tape Market report published on Up Market Research is spread across 100 pages and provides an overview of the 2018-2025 of Obturator Foam Tape Market Research Report by Product Type, End-User / Application and Regions / Countries.
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The report compiles exhaustive information obtained via proven research methodologies and from trusted sources from within the industries.
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