The global PE Foam Tape market was valued at US$ 3167.3 million in 2019 and it is expected to reach US$ 4534.3 million by the end of 2026, growing at a CAGR of 5.2% during 2021-2026.
PE foam tape is PE foam as backing, coated on both sides with strong solvent acrylic adhesive, covered with PE plastic film or yellow silicone paper or white silicone paper or glassine silicone paper as release paper liner.
Polyethylene Foam Tapes combine a rubber-based adhesive with conformable closed cell foam. The rubber based adhesive provides a good initial bond to a variety of surfaces.
Global PE 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 PE 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 PE foam tapes market during the forecast period.
Currently, there are many players in this market. 3M, Tesa (Beiersdorf AG), Scapa, Mactac (Lintec), Avery Dennison, Saint-Gobain, ADDEV Materials, Achem (YC Group) and some others are playing important roles in PE foam tape industry.China is estimated to dominate the global PE foam tapes market during the forecast period due to high penetration of building and automotive industry, with approximately 34.98% of market sales contributed by China. Further, United States market is estimated to be at the second highest market about 20.15% sales share owing to growing awareness among customers for better quality and more reliable products rather than going for the inexpensive ones. The sales share growth in the European region is relatively stable. Shifting focus of automotive manufacturers to open manufacturing facilities in Mexico and Brazil are estimated to drive the PE 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.
Global PE Foam Tape Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global PE Foam Tape Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are 3M, Tesa SE, Scapa, Mactac, Avery Dennison, Saint-Gobain, Addev Materials, Achem (YC Group), 3F GmbH, Sanoj Tape Group, Folsen, Adhesive Applications, Pres-On, Can-Do National Tape, Lamatek and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-pe-foam-tape-market-research-report
Segment by Type
- Double Sided
- Single Sided
In 2018, Double Sided accounted for a major share of 84% in the global PE Foam Tape market. And this product segment is poised to reach 3588 M USD by 2025 from 2659 M USD in 2018.
Segment by Application
- Buildings & Construction
- Home Appliances
- Other Industries
Table of Content:
1 PE Foam Tape Market Overview
2 PE Foam Tape Market Competition by Manufacturers
3 PE Foam Tape Retrospective Market Scenario by Region
4 Global PE Foam Tape Historic Market Analysis by Type
5 Global PE Foam Tape Historic Market Analysis by Application
6 Key Companies Profiled
7 PE Foam Tape Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 PE Foam Tape Market Dynamics
10 Global PE Foam Tape Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta