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Global Acrylic Foam Tape Market by Manufacturers, Regions, Type and Application, Forecast to 2025 By Innovation Market Research, Inc

 Pulichser: XYZResearch

November 2019

 Pages: 119

 IMR 4515

In this report, Global Acrylic Foam Tape Market by Product Type (Double Sided Tape, Single Sided Tape, Self-Stick Tape), By Application (Automotive, Building and Construction, Home Appliances and Electronics, Others), and by Region – Global Forecast to 2024.”, Which offers a holistic view of the global acrylic foam tape market through systematic segmentation that covers every aspect of the target market.

The global acrylic foam tape market is projected to be US$ 1956.6 Mn in 2018 to reach US$ 3287.8 Mn by 2025 at a CAGR of 7.7%.

Acrylic foam tapes are replacing liquid adhesives, rivets, screws and spot welds in various applications where high strength bond is crucial. These tapes can withstand in the wide temperature range. Because of viscoelasticity of the acrylic foam tape, it can be used to bond dissimilar materials such as steel and glass, aluminium and glass and so on. It provides optimal surface contact with different materials. It also absorbs shocks and hence used mainly outdoors because of its very high bond strength even at adverse conditions. It is also used for indoor applications.

The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins. Manufacturers can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times (TAT) and supply-lead-times.

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.

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (M USD), market share and growth rate of Acrylic Foam Tape in these regions, from 2014 to 2026 (forecast), covering
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
South America (Brazil, Argentina, Columbia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Global Acrylic Foam Tape market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; The top players including
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

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Double Sided Tape
Single Sided Tape
Others

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Acrylic Foam Tape for each application, including
Automotive
Building and Construction
Home Appliances
Electronics
Others

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