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Global Acrylic Foam Tape Market is Projected to Reach 3,290 million USD by 2025

Author: QYResearch | Publish date: 2018-08-18 | Views: 35
Acrylic foam tape is a foam which is comprised of a layer of acrylic foam core (or backing material) and coated with adhesive on double or single side, and covered by a liner. It is stronger and will last longer, particularly in harsh conditions such as exposure to direct sunlight or extreme cold than most other tapes. Two key benefits of this adhesive tape are its strength and durability.

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Acrylic foam tape is primarily intended for the automotive industry. An extremely durable double-sided tape. Weather and UV tolerant. In some cases replaces rivets, screws and other mechanical fittings. Perfect for assembling surfaces including glass, wood, some plastics, metal.


Acrylic foam tapes are used for metal fabrication, marine construction, and window fabrication due to their flexibility, conformability, and compressibility. Acrylic foam tapes are considered ideal for indoor and outdoor usage due to their good thermal resistance and high durability properties. Acrylic foam tapes find their major application in automotive industry due to the provision of bonding & attachment solutions for automotive interior & exterior parts such as door visor, skirt, cladding, side molding, spoiler, and side-sill.


The Acrylic Foam Tape industry was 1,810 million USD in 2017 and is projected to reach USD 3,290 million USD by 2025, at a CAGR (Compounded Annual Growth Rate) of 7.73% between 2017 and 2025.


The industry is concentration, the key brand include 3M, Nitto, Tesa (Beiersdorf AG), Intertape Polymer Group, Avery Dennison (Mactac), Scapa, Saint Gobin, Teraoka, Achem (YC Group), Acrylic Foam Tape Company, YGZC GROUP, Shanghai Smith Adhesive and so on. Among them, 3M, Nitto, Tesa (Beiersdorf AG) are the leaders.

 

Global acrylic foam tapes market is expected to grow and gain traction during the forecast period owing to features such as huge internal strength and good flexibility reducing peeling stress. Furthermore, eco-friendly concept, shock absorption capability, and good anti-aging properties are some of the factors which are expected to fuel the global acrylic foam tapes market during the forecast period. Moreover, good anti-vibration properties, long-term holding power, excellent resistance to moistures & solvents, and excellent conformity are few other driving factors for global acrylic foam tapes market during the forecast period.


Low tack or initial bond strength of acrylic adhesive and poor adhesion to polyolefin are the factors which are expected to hamper the growth of global acrylic foam tapes market during the forecast period. Furthermore, high associated cost is one of the other major factor hindering the growth of global acrylic foam tapes market over the forecast period.


North America is estimated to dominate the global acrylic foam tapes market during the forecast period due to high penetration of healthcare and automotive industry. Furthermore, Europe market is estimated to be the second highest market owing to growing awareness among customers for better quality and more reliable products rather than going for the inexpensive ones. Asia Pacific is expected to grow at a significant CAGR during the forecast period due to growing construction, automotive, and healthcare activities across the region majorly in ASEAN countries and India. Shifting focus of automotive manufacturers to open manufacturing facilities in Mexico and Brazil are estimated to drive the acrylic foam tapes market in Latin America during the forecast period. Middle East and Africa is expected to register substantial growth over the forecast period owing to growing construction activities in GCC countries. Japan is anticipated to register relatively slower growth due to high penetration of foam tapes in the region.


The Global Acrylic Foam Tape Market Research Report 2018 report released by QYResearch provides a basic overview of the Acrylic Foam Tape industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.


The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Acrylic Foam Tape industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.


Click to view the full report TOC, figure and tables

https://www.qyresearch.com/index/detail/538315/global-acrylic-foam-tape-sales-market




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