Report ID: SQMIG25AF2005
Foam Tape Market Size, Share, Growth Analysis, By Foam Type(Polyethylene, Polyurethane, Neoprene, Acrylic), By Type(Single Sided Foam Tape, and Double-Sided Foam Tape), By End-user Industry(Automotive, Construction, Electrical & Electronics, Aerospace), By Resin Type(Rubber, Silicone, Acrylic, EVA), By Technology(Solvent-Based, Water-Based, and Hot-Melt-Based), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25AF2005 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
150 |
Figures:
70
Foam Tape Market Dynamics
Drivers
Surging Use of Foam Tape in the Automotive Industry
- Foam tape is being extensively used in vehicles for its excellent sound dampening and insulating properties. The affordable nature of foam tape allows automotive companies to achieve their desired product design while maintaining good profit margins.
Expansion of e-Commerce Activity
Increasing internet penetration and rising disposable income have boosted sales of products via e-commerce space and this has resulted in increased use of foam tape for packaging purposes.
Restraints
Expensive Production
- Raw materials required to produce foam tapes are expensive, which automatically results in increased production costs, resulting in expensive end-products. Companies need to bring down the raw material costs to unlock the full growth scope of the marketplace.
- Availability of Alternative Bonding Products
Despite the several advantages offered by foam tape, there are still multiple alternatives adhesion alternatives available in the global marketplace. The increasing number of people opting for these alternative adhesion products could also slow down the sales of foam tape over the coming years.
Foam Tape Market Report Snapshots
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