Foam Tape Market Profile | Future Demand & Growth Trends| Forecast To 2023

The global foam tape market is estimated to register massive growth between 2018 and 2023, in terms of value. Foam tape has been experiencing an upsurge in research and development activities to advance the properties and make it wide-ranging. Thanks to the investors who have started investing heavily into this market owing to the initiatives that the government has been taking by indicating foam tape as an eco-friendly product.

The market is propelled by immense use of foam tape in various industries due to which the market is steadily witnessing tremendous growth. In addition to this, the application of the product for splicing, bonding, mounting and holding is estimated to further fast-track the trends of the market in an extensive manner. The major technology variant of the foam tape market are solvent, water and hot-melt. Among all of these, hot-melt technology segmented is estimated to account for the highest share during the forecast period because it is vastly used in wind, solar energy, aerospace & defense and healthcare industries due to its great bond formatting techniques, which can help to accomplish high production rates.

Key Players:• The 3M Company
• H.B. Fuller Company
• Henkel AG & Company, KGaA
• Avery Dennison Corporation
• Nitto Denko Corporation

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Geographically, the Asia Pacific region is expected to dominate the market in the estimated time span, in terms of volume owing to numerous factors such as low taxes, automotive production, less stern environmental regulations and availability of raw materials and inexpensive labor. In addition to this, there is an immense demand of foam tape across the automotive, building & construction, electrical & electronics and paper & printing sectors, which will help the market to witness massive growth in the forthcoming years.

Market Segment:

Market segment by Region/Country including:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

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Report contents include• Analysis of the market including revenues, future growth, market outlook
• Historical data and forecast
• Regional analysis including growth estimates
• Analyzes the end user markets including growth estimates.
• Company Profiles including products, sales/revenues, and market position
• Market structure, market drivers and restraints.