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Acrylic Foam Tapes Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
| A06748 | Pages: NA | Feb 2021 | 245 Views | | |
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COVID-19
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Acrylic foam tapes are double-sided tapes made from high-performance acrylic adhesives. These tapes can form bonds of exceptional strength, durability, and elasticity than conventional double-sided foam tapes. Acrylic foam tapes are designed to provide high bond strength and can be used as a substitute for rivets, spot welds, liquid adhesives, and other permanent fasteners. As mechanical fasteners, acrylic foam tapes exhibit a wide range of applications in automotive, graphics, and glass curtain wall attachments. Owing to its superior adhesive properties and exceptional resistance to weathering, manufacturers can freely customize their designs, ensuring a solid bond on the new materials.
Market scope and structure analysis
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast unit | Value (USD) |
Segments covered | Type, Formulation Technology, End-use industry, and Region |
Regions covered | North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and Rest of LAMEA |
Companies covered | The 3M Company, AFT Company, Seal King Ind CO. Ltd., Adhere Industrial Tapes Ltd., Lynvale Ltd., Wuxi Canaan Adhesive Technology Co. Ltd., and GPI Corporation (M) Sdn Bhd. |
COVID-19 scenario analysis
- The outbreak of the novel coronavirus pandemic has severely affected the global acrylic foam tape market.
- Owing to the significant economic downfall caused by the global pandemic, the growth of the automotive and the construction industries have declined exponentially. Acrylic foam tapes are widely used in the automobile industry in the roof molding, emblem & name plates, side fenders, and wheel flares as well as in the construction industry as adhesives. Being the major end-user industries of acrylic foam, the market has been negatively impacted.
Moreover, the nationwide lockdown caused disruptions in supply chain. This has created an irregularity in the transport of raw materials, which has affected the operations and production capacity of the acrylic foam tapes manufacturers. Moreover, the disrupted supply chain has made the distribution of finished products difficult.
Top impacting factors: market scenario analysis, trends, drivers, and impact analysis:
The growth of the global acrylic foam tape market has been driven by surge in demand for highly strong and flexible adhesive products in the manufacturing sector. Wide variety of the tapes available in terms of density and thickness allows it to be used in several end-user industries. Owing to its exceptional performance as adhesives, acrylic foam tapes are used in manufacturing applications, automotive exterior trim such as body side moldings, fascia, and rocker panels. It is extensively used in the construction industry as well as electronics industry. Thus, all these factors collectively augment the demand for acrylic foam tapes in the market.
However, high prices and low availability of raw materials are few restraining factors for the market.
The Asia-Pacific region is expected to dominate the market, owing to massive growth in industrialization in the emerging economies such as India and China. Steady growth of the acrylic foam tapes market has been witnessed in the developed regions of Europe and North America, owing to expansion of the construction and automotive industries.
Key segments covered
Segment | Sub-segment |
Type |
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Formulation Technology |
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End-use industry |
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Key benefits of the report
- This study presents the analytical depiction of the global acrylic foam tapes industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global acrylic foam tapes market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global acrylic foam tapes market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
Questions answered in the global acrylic foam tapes market research report:
- Which are the leading market players active in the global acrylic foam tapes market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
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