Market Summary
Market Size – USD 7.48 Billion in 2018, Market Growth - CAGR of 6.7%, Market Trends – The
advent of recycled and sustainable green tapes.
The global foam tapes market is forecast to reach USD 12.61 Billion by 2026, 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.
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.
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