Foam tapes are used for permanent or temporary fixing, packaging, soundproofing, thermal insulation, and gap filling. These tapes are generally made of open-cell foams or closed-cell foams, which are covered with different types of pressure-sensitive adhesives (PSAs), and they come in a range of thicknesses. Each foam tape has unique features & ideal purposes.
Foam tape is commonly used in the automobile and building & construction sectors. The use of lightweight vehicles and technological gadgets in the automobiles is becoming more popular, which is boosting the Global Obturator Foam Tape Market. Foam tape is often used in vehicles for trim attachment, emblem & script installation, and gluing different materials. Moreover, these tapes are eco-friendly and less harmful to the environment than the traditional adhesives. Due to the growing awareness of the environmental impact of various adhesives, the world market for obturator foam tapes is growing massively. However, the rise in the price of foam tape products for end users such as the automotive and construction industries is having a global impact on the market.
Referring to the study, Global Obturator Foam Tape Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027 the key companies operating in the global obturator foam tape market include Uline, Schonox Foam Tape, Frost King, Tombow, 3M, KT Tape, Dennis, RockTape, M-D Building Products, Mavalus and among others.
Based on type, obturator foam tape market is segmented as PVC foam, silicon foam, EVA foam, cross-linked polyethylene (PE) foam and others. The linked polyethylene segment is likely to witness higher growth rate during the forecast period. Sound & vibration reduction and shock absorption are key benefits of linked PE foam tape. In addition, based on application, market is segmented as appliances, electronics, construction, automotive, medical and others. Automotive segment dominates the market throughout the forecast period. Foam tapes are used in the automotive industry for a variety of purposes for instance attaching the plastic emblems to metal substrates, sealing doors, sunroofs, windows, hatches, and so on. In addition, the foam tape can tolerate temperatures from -40°F to 300°F, as well as UV radiation from the sun, moisture, and solvents, providing strong adhesive strength to compensate for varying the levels that exceed them.
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Rise in demand for polyethylene foam as a solvent in the end-user automotive industry & furniture manufacturing, followed by increase in number of regulatory policies and rise in environmental concerns are some major factors, which are responsible for growth of the obturator foam tape market. Apart from this, higher prices of raw materials and end-products may impact the market. Moreover, surge in demand for acrylic-backed foam tape in the automotive industry and growth in advancement in manufacturing technology and end-products are leading opportunities for market.
Based on regional analysis, the Asia-Pacific region holds major share in global obturator foam tape market owing to rise in demand from construction industry across the region. The Europe and North-America regions are estimated to witness higher growth due to rise in demand for foam tape from lightweight electrical vehicles over the forecast period.
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Ankur Gupta, Head Marketing & Communications