Report Code: A09013 | Pages: NA | Jul 2023 | 1356 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Foam Tape Market
Request Now !Foam tapes are used for sound dampening, insulating, gasketing, cushioning/padding, and sealing. They are designed to enhance the appearance and improve the overall performance of the product design. They take care of the sealing, bonding, and durability requirements of various industries due to their good dampness, insulation, and insulation properties. They also provide resistance to ultraviolet radiation, solvents, and moisture. These are commercially available in various sizes, shapes, and thicknesses. Acrylic foam tape is an ideal replacement for mechanical machinery where a very high bonding capacity is required; this type of tapes can withstand high temperatures and have excellent aging and weathering properties.Â
The end-use industries require tapes with durability, which are expensive. Foam tape demand is growing due to the increased use in many sectors such as automotive, paper & print, electrical & electronics as well as building & construction. In addition, various properties offered by foam tapes, such as higher strength, lighter weight, better texture, and water resistance, are some of the factors that are expected to increase acceptance.
COVID-19 scenario analysis:
The automotive and construction industries are major buyers of foam tape. In automobiles, foam tape is widely used in automotive badges, script installations, motor vehicle attachments as well as composite materials. Advances in manufacturing technology and end products provide opportunities for foam tape manufacturers. Continued product development made by various companies to make highly efficient and expensive foam tapes is expected to drive demand in industries, such as automotive, aerospace, solar energy, and wind power, during the forecast period. The growing R&D activities in foam tape development areas is expected to provide growth opportunities in the foam tape market in the next few years. Higher prices and lower availability of raw materials could hinder the growth of the global foam tape market.
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Questions answered in the foam tape market research report:
Foam Tape Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | GPI Corporation, Scapa Group PLC, Lintec Corporation, Avery Dennison Corporation, 3M Company, Nitto Denko Corporation, AFT Company, 3F, Intertape Polymer Group |
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