Foam Tape Market Size To Reach USD 14.24 Billion By 2028 Says Reports And Data

The global foam tapes market is expected to reach a value of USD 14.24 Billion by 2028, and register a CAGR of 6.50%, according to a new report by Reports and Data. These tapes are specialty materials that are used in the construction industry for various purposes such as for sealing windows, making sun- roofs, noise cancellation, and many others.

The market for tapes is influenced by the rising urbanization and awareness among the young population to make ultraviolet rays proof houses. Foam tapes can sustain both extremely low and high temperatures. It is used for cushioning, sealing, and casketing in various industries. These tapes are available in various shapes and thicknesses in the market. Researchers have developed a green tape which is made up of recycled materials and is biodegradable in nature. The cost of the raw materials used to make such tapes are very high, which are creating a market restraint.

The factors mentioned above jointly create opportunities for the market growth while factors such as critical effects of foam tapes add limitations in the market. However, each element would have a specific impact on the market during the forecast period. Consistent developments in the adhesive tapes market owing to innovative efforts have improved the efficiency of insulating foam tapes.

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In the Asia Pacific region due to the sudden rise in population and rapid urbanization, the market for insulating products are propelling at a swift rate. The rising economy in counties like China and Japan due to magnificent political, social, and economic conditions. Construction industries and paper printing industries of the APAC region are using these tapes in the construction of houses and commercial space.

Key participants:

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.

Further key findings from the report suggest

• Paper and printing industries held the largest market share of 36.4% in the year 2018. Foam tape materials are extremely cheap and can be recycled easily. This material has good insulating properties, high strength, absorbs moisture, flexible, low dielectric constant, and can be compressed easily. New technologies are introduced to make the foam tapes retain the mechanical properties for a long period of time.
• The hot melt-based technology is forecasted to witness the highest CAGR of 7.1% during the forecast period. This segment is rising since this technology is used in automotive, electrical and electronics, and paper and printing industries, among various others.
• Silicone type sector held the largest market share of 39.0% in the year 2018. China became the largest consumer of foam tape products owing to the ever-growing construction industry along with the paper and printing industries in this region because of the rise in population and industrialization. China became a leader in the world for production and consumption of adhesive tapes because of its low-cost labor, and rise in urbanization with an expanding economy compared with other countries.
• Asia Pacific is expected to witness the highest CAGR of 7.8% during the forecast period. Countries like India, China, Taiwan, South Korea, and Japan are rapidly catching up with the growth in the foam tape market. Adhesive tapes manufacturing and consumption have shifted from North America to Asia.

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For the purpose of this report, Reports and Data have segmented into the global Foam Tape market on the basis of resin type, foam type, technology, end-user, and region:

Resin Type Outlook (Length, Million Meters; Revenue, USD Billion; 2018-2028)

• Rubber
• Silicone
• Acrylic
• Others

Foam Type Outlook (Length, Million Meters; Revenue, USD Billion; 2018-2028)

• Acrylic
• PE
• PU
• Others

Technology Type Outlook (Length, Million Meters; Revenue, USD Billion; 2018-2028)

• Water-based
• Solvent-based
• Hotmelt-based

End-Users Outlook (Length, Million Meters; Revenue, USD Billion; 2018-2028)

• Paper and Printing
• Electrical and Electronics
• Automotive
• Building and Construction
• Others

Regional Outlook (Length, Million Meters; Revenue, USD Billion; 2018-2028)

• North America
  • U.S.
• Europe
  • UK
  • France
• Asia Pacific
  • China
  • India
  • Japan
• MEA
• Latin America
  • Brazil

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Explore Reports and Data’s Prime Analysis of the global Materials and Chemicals Industry:

Piperylene Market Size, Share & Trends Analysis Report By Type coverage (?40% Purity, 40% -65% Purity, ?65% Purity), By Application (Adhesives, Paints, Rubber and Others), By Region, Competitive Strategies and Segment Forecasts for 2016 – 2026

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About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

Read Full Press Release: https://www.reportsanddata.com/press-release/global-foam-tape-market

The post Foam Tape Market Size To Reach USD 14.24 Billion By 2028 Says Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.

The global foam tapes market is expected to reach a value of USD 14.24 Billion by 2028, and register a CAGR of 6.50%, according to a new report by Reports and Data. These tapes are specialty materials that are used in the construction industry for various purposes such as for sealing windows, making sun- roofs, noise cancellation, and many others.

The market for tapes is influenced by the rising urbanization and awareness among the young population to make ultraviolet rays proof houses. Foam tapes can sustain both extremely low and high temperatures. It is used for cushioning, sealing, and casketing in various industries. These tapes are available in various shapes and thicknesses in the market. Researchers have developed a green tape which is made up of recycled materials and is biodegradable in nature. The cost of the raw materials used to make such tapes are very high, which are creating a market restraint.

The factors mentioned above jointly create opportunities for the market growth while factors such as critical effects of foam tapes add limitations in the market. However, each element would have a specific impact on the market during the forecast period. Consistent developments in the adhesive tapes market owing to innovative efforts have improved the efficiency of insulating foam tapes.

Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/1962

In the Asia Pacific region due to the sudden rise in population and rapid urbanization, the market for insulating products are propelling at a swift rate. The rising economy in counties like China and Japan due to magnificent political, social, and economic conditions. Construction industries and paper printing industries of the APAC region are using these tapes in the construction of houses and commercial space.

Key participants:

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.

Further key findings from the report suggest

• Paper and printing industries held the largest market share of 36.4% in the year 2018. Foam tape materials are extremely cheap and can be recycled easily. This material has good insulating properties, high strength, absorbs moisture, flexible, low dielectric constant, and can be compressed easily. New technologies are introduced to make the foam tapes retain the mechanical properties for a long period of time.
• The hot melt-based technology is forecasted to witness the highest CAGR of 7.1% during the forecast period. This segment is rising since this technology is used in automotive, electrical and electronics, and paper and printing industries, among various others.
• Silicone type sector held the largest market share of 39.0% in the year 2018. China became the largest consumer of foam tape products owing to the ever-growing construction industry along with the paper and printing industries in this region because of the rise in population and industrialization. China became a leader in the world for production and consumption of adhesive tapes because of its low-cost labor, and rise in urbanization with an expanding economy compared with other countries.
• Asia Pacific is expected to witness the highest CAGR of 7.8% during the forecast period. Countries like India, China, Taiwan, South Korea, and Japan are rapidly catching up with the growth in the foam tape market. Adhesive tapes manufacturing and consumption have shifted from North America to Asia.

Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/1962

For the purpose of this report, Reports and Data have segmented into the global Foam Tape market on the basis of resin type, foam type, technology, end-user, and region:

Resin Type Outlook (Length, Million Meters; Revenue, USD Billion; 2018-2028)

• Rubber
• Silicone
• Acrylic
• Others

Foam Type Outlook (Length, Million Meters; Revenue, USD Billion; 2018-2028)

• Acrylic
• PE
• PU
• Others

Technology Type Outlook (Length, Million Meters; Revenue, USD Billion; 2018-2028)

• Water-based
• Solvent-based
• Hotmelt-based

End-Users Outlook (Length, Million Meters; Revenue, USD Billion; 2018-2028)

• Paper and Printing
• Electrical and Electronics
• Automotive
• Building and Construction
• Others

Regional Outlook (Length, Million Meters; Revenue, USD Billion; 2018-2028)

• North America
  • U.S.
• Europe
  • UK
  • France
• Asia Pacific
  • China
  • India
  • Japan
• MEA
• Latin America
  • Brazil

Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/1962

Explore Reports and Data’s Prime Analysis of the global Materials and Chemicals Industry:

Piperylene Market Size, Share & Trends Analysis Report By Type coverage (?40% Purity, 40% -65% Purity, ?65% Purity), By Application (Adhesives, Paints, Rubber and Others), By Region, Competitive Strategies and Segment Forecasts for 2016 – 2026

Caprylic Acid Market Size, Share & Analysis, By Raw Material (Coconut Oil, Palm Oil, Mammal Milk, Others), By Application (Personal Care, Pharmaceutical, Food & Beverages), And By Region, Global Forecast To 2028

Hydrogen Sulfide (H2S) Scavenger Market Size by Types (Regenerative, Non-Regenerative), Chemistry (water-soluble, oil-soluble, metal-based), End-user, Share & Trends Analysis Report By Region, Competitive Strategies and Segment Forecasts for 2016-2026

Methyl Silicone Resin Market By Product Type (Flakes, Powder, And Liquid), By Application (Automotive, Electrical And Electronics, Paints And Coatings, Consumer Goods, And Industrial), And Region – Global Forecast To 2027

Latex Powder Market Information By Type (VAE Type, VAE-Veo Va Type, Others), By Application (Exterior Insulation And Finish Systems (EIFS), Construction And Tile Adhesives, Putty Powder, Dry-Mix Mortars, Self-Leveling Flooring Compounds, Caulks, Others), By Region, Forecast To 2027

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

Read Full Press Release: https://www.reportsanddata.com/press-release/global-foam-tape-market

The post Foam Tape Market Size To Reach USD 14.24 Billion By 2028 Says Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.