The Foam Tape Market is estimated at USD 7.44 billion in 2018 and is projected to reach USD 10.35 billion by 2023, at a CAGR of 6.83% from 2018 to 2023. The increasing use of foam tape in various industries such as electrical & electronics, building & construction, automotive, and paper & printing is driving the foam tape market.

For more Insights on this report, speak to our analyst: https://www.marketsandmarkets.com/speaktoanalyst.asp?id=129611939

Browse in-depth TOC on "Foam Tape Market"

105 – Tables

54 - Figures
151 – Pages


https://www.marketsandmarkets.com/Market-Reports/foam-tape-market-129611939.html

Drivers & Opportunities in global industry:

Wide Usage of Foam Tape in Various Industries
High Demand for Foam Tape in APAC
High Demand for Acrylic-Backed Foam Tape
Advancement in Manufacturing Technology and End-Products
Growing Demand for Acrylic-Backed Foam Tape in the Automotive Industry
Request for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=129611939

The foam tape market is projected to grow from USD 7.44 billion in 2018 to USD 10.35 billion by 2023, at a CAGR of 6.83% between 2018 and 2023. The rising demand for foam tape across various end-use industries such as electrical & electronics, building & construction, automotive, and paper & printing is expected to drive the foam tape market. The increasing environmental concerns and the growing number of regulatory policies have propelled the manufacturers of foam tape to focus on the development of eco-friendly products. Volatile raw materials prices are acting as a restraint to the growth of the foam tape market. The rising costs of foam types such as acrylic and PE across the globe are affecting the foam tape market. Most of the raw materials used in the development of foam tape are petroleum-based derivatives that are vulnerable to fluctuations in commodity prices.
Automotive is expected to be the leading end-use industry of foam tape during the forecast period, in terms of volume. In the automotive industry, foam tape -is used in plate panels, roof molding, outer belt moldings, rocker panel/claddings, emblem & nameplates, rear spoilers, body & bumper side moldings, side mirrors, and side fenders/wheel flares.

3M Company (US), Nitto Denko Corporation (Japan), Tesa SE (Germany), Lintec Corporation (Japan), Intertape Polymer Group, Inc. (Canada), Avery Dennison Corporation (US), HALCO (US), 3F (Germany), and Scapa Group Plc (UK) are some of the key players operating in the Foam Tape Market.

Coatings Adhesives Sealants and Elastomers Market Research Reports & Consulting

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC
630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441
Email: [email protected]

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/foam-tape-market.asp