PUBLISHER: The Business Research Company | PRODUCT CODE: 1605561
PUBLISHER: The Business Research Company | PRODUCT CODE: 1605561
Double-sided foam tape is an adhesive tape featuring foam and sticky surfaces on both sides, designed for bonding various materials. It is commonly used across industries such as automotive, construction, and electronics for mounting and securing objects. This tape offers strong adhesion, shock absorption, and insulation while effectively filling gaps between uneven surfaces to ensure a secure fit.
The primary types of double-sided foam tape include acrylic foam, polyethylene (PE) foam, polyurethane (PU) foam, and others. Acrylic foam is a type of adhesive foam made from acrylic polymers, recognized for its excellent bonding strength, flexibility, and resistance to environmental factors. The tape is available in different densities-low, medium, and high-each tailored to suit various applications, including automotive, construction, electronics, packaging, and medical devices.
The double sided foam tape market research report is one of a series of new reports from The Business Research Company that provides double sided foam tape market statistics, including the double sided foam tape industry's global market size, regional shares, competitors with a double sided foam tape market share, detailed double sided foam tape market segments, market trends and opportunities, and any further data you may need to thrive in the double sided foam tape industry. This double sided foam tape market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The double sided foam tape market size has grown strongly in recent years. It will grow from $7.05 billion in 2023 to $7.71 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth observed during the historic period can be attributed to the expansion of the automotive industry, rising demand in the electronics sector, increasing usage in packaging, growth in the construction sector, and the demand for lightweight materials.
The double sided foam tape market size is expected to see strong growth in the next few years. It will grow to $11.1 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The projected growth during the forecast period can be attributed to the rising demand for consumer electronics, the increase in e-commerce, the expansion of the aerospace industry, a growing demand for sustainable solutions, and an increasing focus on energy efficiency. Key trends expected in this period include the adoption of eco-friendly materials, the integration of smart technologies, the implementation of advanced adhesive technologies, the development of high-temperature resistant tapes, and their integration with automotive applications.
The growth of construction activities is anticipated to boost the double-sided foam tape market in the future. Construction activities encompass the processes involved in building and developing structures, such as roads, buildings, and various types of infrastructure. The expansion of urban areas, an increasing population, and ongoing initiatives to enhance infrastructure have contributed to the rise in construction activities. Double-sided foam tape is utilized in construction to bond surfaces securely without visible fasteners, serving purposes such as mounting, sealing, and insulation. For instance, in June 2024, the Office for National Statistics, a UK-based independent provider of official statistics, reported that new construction orders increased by 15.9%, reaching $1,908 million (£1,436 million) in the first quarter of 2024 compared to the fourth quarter of 2023. This growth was primarily driven by a 27.9% increase in private commercial new work, amounting to $930 million (£700 million), and a significant 43.8% rise in public other new work, totaling $712.2 million (£536 million). Therefore, the growth in construction activities is propelling the double-sided foam tape market.
Key players in the double-sided foam tape market are concentrating on developing innovative products, such as UV-resistant acrylic foam tapes, to improve durability and performance in outdoor applications. UV-resistant acrylic foam tapes are specifically designed to endure prolonged exposure to ultraviolet (UV) rays without deterioration. These tapes are commonly employed in outdoor settings to ensure lasting bonding strength and durability in challenging environments. For example, in November 2023, CCL Design, a UK-based manufacturer specializing in UL labels, printed electronics, precision die-cuts, and brand security applications, introduced the 5400 LSE acrylic foam tape series, highlighting significant advancements in adhesive technology. This series is particularly remarkable for its primerless adhesion to various substrates, including low- and medium-surface energy plastics, and it provides an ultra-strong bond to polypropylene (PP) while ensuring excellent adhesion to automotive paints.
In January 2023, Zone Enterprises, a U.S.-based provider of custom-engineered sealing, insulating, and sound solutions, acquired Can-Do National Tape for an undisclosed amount. This acquisition is intended to expand Zone Enterprises' range of performance materials and converting solutions by integrating Can-Do National Tape's custom adhesive products. This strategic move will also broaden Zone Enterprises' client base and geographic reach while enhancing operational efficiency and innovation. Can-Do National Tape is a U.S.-based manufacturer of adhesive and double-sided foam tapes.
Major companies operating in the double sided foam tape market are Compagnie de Saint-Gobain S.A., 3M Company, Berry Global Inc., Sika AG, SEKISUI Chemical Co. Ltd., Nitto Denko Corporation, Uline Inc., tesa SE, Lintec Corporation, ORAFOL Europe GmbH, Intertape Polymer Group Inc., Rogers Corporation, Essentra plc, Lohmann GmbH & Co. KG, Avery Dennison Corporation, Flexcon Company Inc., Scapa Group Ltd., Shurtape Technologies LLC, Adhesives Research Inc., CCT Tapes (Custom Coating & Converting), Adchem Corporation, Halco Products Corporation
North America was the largest region in the double sided foam tape market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the double sided foam tape marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the double sided foam tape marker report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The double sided foam tape market consists of sales of high density foam tape, thermal conductive foam tape, very high bond (VHB) foam tape, silicone foam tape, heavy duty foam tape, thin foam tape, and cushioning foam tape. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resale's along the supply chain, either further along the supply chain or as part of other products.
Double Sided Foam Tape Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on double sided foam tape market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for double sided foam tape ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The double sided foam tape market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.