Foam Tape Market

Merger & acquisition was the key growth strategy adopted by the leading players in the Foam Tape Market between 2015 and 2018

The foam tape market is estimated at USD 7.44 billion in 2018 and is projected to reach USD 10.35 billion by 2023, at a CAGR of 6.83% between 2018 and 2023. The different types of foam used in foam tapes are PE, PU, acrylic, and others (nitrile, EVA, and rubber, polyester, polyether, PVC and vinyl), which are coated on one side or both sides with an adhesive. The main resin types used in foam tape include acrylic, rubber silicone, and others (EVA and polyurethane), with acrylic resin accounting for the major market share. The main technologies used by the manufacturers of foam tape are solvent-based, water-based, and hot-melt-based, with the solvent-based technology accounting for the major market share.

Merger & acquisition was the key growth strategy adopted by the leading players in the foam tape market between 2015 and 2018. The companies operating in the foam tape market are focused on enhancing their product portfolios and expanding their global presence. They are also focused on entering new markets by launching technologically-advanced as well as eco-friendly and UV hot-melt foam tape for various end-use industries. The leading manufacturers of foam tape include 3M Company (US), Nitto Denko Corporation (Japan), Tesa (Germany), Lintec Corporation (Japan), Intertape Polymer Group, Inc. (Canada), Avery Dennison Corporation (US), HALCO (US), 3F (Germany) and Scapa Group Plc (UK).

To know about the assumptions considered for the study download the pdf brochure

Avery Denision (US), Nitto Denko Corporation (Japan), 3M (US), and Tesa (Germany) are the key players in the foam tape market. These companies accounted for a share 93.33% of all the developmental activities that took place in the foam tape market between 2015 and 2018. Avery Denision (US) has adopted inorganic growth strategies to enhance its geographic reach in the foam tape market. For instance, in February 2017, the company completed the acquisition of Yongle Tape Company Ltd. (China), a manufacturer of specialty tape and related products for a variety of industries. This strategy was adopted to cater to the growing demand from the APAC region.

In 2016, Nitto Denko Corporation merged its three subsidiaries, namely, Nitoms Inc., Nitto Medical Corporation, and Nitto Lifted Corporation. The purpose of the merger is to reinforce, manufacture, and sell solvent-less foam tapes to various industries such as healthcare and automotive.

3M is another key player that has established a strong position in the foam tape market. The company concentrates on expanding its customer base through acquisitions. For instance, in October 2016, 3M invested USD 135 million in its Tuas Plant (Singapore). The company aims at manufacturing acrylic foam tape (scotch tape) for use in the healthcare, packaging, electrical & electronics, and other industries.

Related Reports:

Foam Tape Market by Resin (Acrylic, Rubber, Silicone), Technology (Solvent, Water, Hot-Melt), Type (PE, PU, Acrylic), End-Use Industry (Automotive, Building & Construction, Electrical & Electronics, Paper & Printing), and Region - Global Forecast to 2023

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Report Code
CH 6618
RI Published ON
9/21/2018
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Foam Tape Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved