Hot-melt-based - to be the fastest-growing is technology for foam tape during the
forecast period.
The hot-melt technology segment is projected to witness the highest growth during the
forecast period. Hot-melt-based foam tape is widely used in the healthcare, aerospace &
defense, and wind and solar energy industries. It has an extreme rate of bond formation,
which can translate into high production rates. In the US, the hot-melt-based technology is
widely used in tape production by the key players such as 3M Company (US) and Intertape
Polymer Group Inc. (Canada).
Acrylic – to be the fastest-growing foam type during the forecast period.
The acrylic segment is projected to register the highest CAGR from 2018 to 2023 as acrylic-
backed foam tapes are high-performance tapes, which are used in a variety of industries
such as aerospace, solar energy, and wind energy. These tapes are ideal for bonding many
substrates such as metals, higher surface energy plastics, glass, composite materials,
unpainted metals, and where the demand for thicker conformable products is required.
APAC- to be the fastest-growing market for foam tape during the forecast period.
The Foam Tape Market in the APAC region is expected to register the highest CAGR during
the forecast period due to the rising demand for foam tape in the emerging economies such
as India, China, South Korea, Vietnam, Taiwan, and Singapore. China is leading the market
for foam tape in the region. The growth of various industries such as automotive, electrical
& electronics, and paper & printing, is projected to drive the demand for foam tape in
China.
For more information, download PDF brochure at,
https://www.marketsandmarkets.com/pdfdownload.asp?id=129611939
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.