How big is the foam tape market today, and what are its future growth expectations?
The foam tape market size has grown strongly in recent years. It will grow from $10.02 billion in 2024 to $10.87 billion in 2025 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to automotive industry has been a major consumer of foam tapes, growth of the construction industry, widely adopted in the electronics industry for various applications, industries like automotive and aerospace prioritizing lightweight materials for fuel efficiency, pressure-sensitive adhesives and acrylic adhesives used in foam tapes.
The foam tape market size is expected to see strong growth in the next few years. It will grow to $14.88 billion in 2029 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to demand for low-emission, eco-friendly foam tapes, rise of electric vehicles will likely drive the foam tape, smart home devices and Internet of Things (IoT) technology, e-commerce continues its rapid expansion, increasing emphasis on energy conservation. Major trends in the forecast period include developing bio-based foam tapes with lower VOC emissions, shift towards more advanced foam tapes, increasing automation in industries such as automotive and electronics, manufacturers will focus more on providing customized solutions, expanding infrastructure, automotive production.
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What have been the primary factors driving the foam tape market’s growth?
The increasing demand from the construction industry is expected to propel the growth of the foam tape market going forward. Construction activities encompass a wide range of tasks and operations involved in developing infrastructure for sewage, stormwater, and nonpoint-source projects. An increase in construction activity is due to rapid urbanization, infrastructure development, and technological advancements. Foam tape is extremely beneficial in construction activities such as sealing gaps and joints in construction projects, particularly around windows, doors, and other openings. For instance, in June 2024, according to TST Europe, a Switzerland-based manufacturer specializing in quick-release couplings and coupling systems, total construction spending in the U.S. reached $1.98 trillion in 2023, reflecting a 7.4% increase from the previous year. The number of construction businesses in the U.S. stood at approximately 745,000 as of 2023. Therefore, an increasing demand from the construction industry is driving the foam tape market.
What are the key segments within the foam tape market?
The foam tapemarket covered in this report is segmented –
1) By Type: Single Sided Foam Tape, Double Sided Foam Tape
2) By Foam Type: Polyethylene, Polyurethane, Neoprene, Acrylic, Other Foam Types
3) By Resin Type: Rubber, Silicone, Acrylic, Ethylene-Vinyl Acetate (EVA), Other Resin Types
4) By Technology: Solvent-Based, Water-Based, Hot-Melt-Based
5) By End-User Industry: Automotive, Construction, Energy & Power, Aerospace, Packaging, Other End-User Industries
Subsegments:
1) By Single Sided Foam Tape: Acrylic Adhesive Single Sided Foam Tape, Rubber Adhesive Single Sided Foam Tape, Polyethylene Foam Tape, Polyurethane Foam Tape, EVA Foam Tape, Weather-Resistant Single Sided Foam Tape
2) By Double Sided Foam Tape: Acrylic Adhesive Double Sided Foam Tape, Rubber Adhesive Double Sided Foam Tape, High-Tack Double Sided Foam Tape, Foam Transfer Tape, VHB (Very High Bond) Double Sided Foam Tape, Specialty Double Sided Foam Tape
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Which key players are shaping the foam tape market?
Major companies operating in the foam tape market are 3M Company, Avery Dennison, Berry Global Inc., Nitto Denko Corporation, Tesa Se, LINTEC Corporation, Intertape Polymer Group, Scapa Group, Vibac Group S.p.A., Yongle Tape Co Ltd., American Biltrite, CCT Tapes, DeWAL Industries Inc., Parafix Tapes & Conversions Ltd., Advance Tapes International Ltd., HALCO Europe Ltd., AFT Company, ECHOtape, 3F Industries, Ajit Industries, Lynvale Ltd., Saint-Gobain Performance Plastics, Tape-Rite Co Inc., Seal King Ind Co. Ltd., Zhongshan Crown Adhesive Products Co Ltd
How will emerging trends drive the foam tape market throughout the forecast period?
Major companies operating in the foam tapes market are developing acrylic foam tapes to provide superior bonding strength and durability. Acrylic foam tapes are known for their excellent adhesion to a variety of surfaces, including metals, plastics, and glass, and they offer resistance to extreme temperatures, moisture, and UV exposure. For instance, in November 2023, CCL Design, a Canada-based packaging and labeling company, launched 5400 LSE acrylic foam tape series to offer primerless adhesion to plastics, simplifying the application process and improving efficiency. It provides an ultra-strong bond to polypropylene (PP) and excellent adhesion to automotive paints, making it suitable for automotive applications. The foam tape is free from perfluoroalkyl and polyfluoroalkyl substances (PFAS), aligning with growing demands for environmentally friendly products.
How do regional factors impact the foam tape market, and which region is the largest contributor?
Asia-Pacific was the largest region in the foam tape market in 2024, and is expected to be the fastest-growing region in the forecast period. The regions covered in the foam tape market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Foam Tape Market Report 2025 Offer?
The foam tape market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Foam tape refers to a type of adhesive tape made from foam material. It provides cushioning, sound dampening, and sealing properties, making it ideal for a variety of applications. Foam tape is commonly used for mounting, gasketing, and insulation. Its flexibility and strong adhesive backing allow it to bond uneven surfaces, absorb shock, and provide thermal insulation.
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