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), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2030 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: 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), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2030 (Includes Business Impact of COVID-19)
Trusted Business Insights has published a comprehensive market research report on, 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 2030, 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$ 1,923.5 Mn in 2020 to reach US$ 3,910.8 Mn by 2030 at a CAGR of 7.4%.

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.

These tapes are being used widely in various industries such as the automotive industry to mount various external parts of the vehicle and to attach exterior parts to the aircraft and so on. As the automotive industry is growing, it is expected to fuel the market growth of acrylic foam tapes. At room temperature, acrylic foam tapes provide excellent adhesion to surfaces. This is forecasted to help in the market performance. Stress is optimally dissipated which ensures bond remains intact for a long period. This is likely to aid in market growth. They have been proven to be very effective and even superior to mechanical fasteners in some studies. As end-user industries of acrylic foam tape continue to expand it is supposed to enhance the demand for these tapes. Need for double-sided acrylic foam tape is predominant as it bonds dissimilar materials which are required in many industrial applications.


Global Acrylic Foam Tape Market Revenue (US$ Mn), 2021 to 2030


Long shelf life, as well as long life of high strength bond, makes acrylic foam tape a preferred choice for many industries which is anticipated to aid in the market growth.
Acrylic foam tapes are used in automotive, aircraft, construction and so on. As these industries are expanding dynamically, demand for these tapes is projected to rise.


Global Acrylic Foam Tape Market by Formulation, 2018


On the basis of product type, the market is segmented into Double Sided Tape, Single Sided Tape and Self Stick Tape. Double Sided Tape accounts for the majority share in the global acrylic foam tape market.
On the basis of region, the market is segmented into North America, Europe, APAC, South America and MEA. North America accounts for the majority share in the global acrylic foam tape market, followed by Europe.
The research report on the global acrylic foam tape market includes profiles of some of the major companies such as 3M, Nitto Denko Corp, Compagnie de Saint-Gobain S.A, Intertape Polymer Group Inc., Beiersdorf AG, Avery Dennison Corporation, Scapa Group plc, Teraoka Seisakusho Co., Ltd., Velcro Industries N.V. etc.


Below are the active patents related to Integrated Automated Supply Chain Market.


Patent Number: US20040260024A1

Linerless double-sided pressure sensitive adhesive tape

Abstract

The present invention relates to a double-sided pressure sensitive adhesive foam tape. In certain embodiments the foam tape does not require the use of a release liner. Elimination of the release liner reduces the cost of the tape and also avoids problems associated with damage to the liner during traditional tape manufacturing from exposure to e-beam radiation.

Application File Date: 2003-06-20

Application Granted Date: 2005-03-08

Current Assignee : 3M Innovative Properties Co

Patent Number: JP2014534303A

Automotive adhesive tape

Abstract

The present invention includes an acrylic foam layer; and a rubber-based adhesive layer formed on both sides of the acrylic foam layer, wherein the rubber-based adhesive layer has a gel content of 40% or more. Provide adhesive tape. In order to achieve the object of the present invention, the method further comprises the steps of: producing an acrylic foam layer; forming a rubber-based adhesive layer on one or both sides of the acrylic foam layer; A step of producing a styrene block copolymer; a step of adding a tackifier and a plasticizer to the styrene block copolymer to form a rubber-based adhesive layer; and a gel content of the rubber-based adhesive layer Provides a method for producing a pressure-sensitive adhesive layer, comprising a step of 40% or more.

Application File Date: 2012-10-11

Application Granted Date: 2016-08-02

Inventor: Chang Ejeong Kim Chancen Yu Seungmin

Key Market Segments



By Type

  
Single Sided Tape
  
Double Sided Tape
  
Self-Stick Tape

BY Application

  
Automotive
  
Building and Construction
  
Home appliances
  
Electronics



Key Market Players included in the report:


  
3M
  
AFTC
  
AVERY DENNISON CORPORATION
  
Foshan Jintuo Adhesive Products Co.,Ltd
  
HALCO Europe Ltd
  
Helipro Tapes Sdn. Bhd.
  
Himark (USA) Inc
  
Intertape Polymer Group
  
Kubhera Insulation
  
LAMATEK, Inc.
  
LINTEC Corporation
  
Lohmann GmbH & Co. KG
  
Lynvale Ltd
  
Nippon Industries
  
NITTO DENKO CORPORATION
  
RPM International Inc.
  
Scapa
  
SEAL KING IND CO., LTD.
  
Shenzhen Xinst Technology Co.,Ltd
  
Speciality Tapes Industry
  
tesa Tapes (India) Private Limited
  
Wuxi Canaan Adhesive Technology Co., Ltd


Below are the key development related to Acrylic Foam Tape Market in 2020 and 2021.


June 2021: Intertape Polymer Group Announces Agreement to Acquire Nuevopak. announced it has entered into a definitive agreement to acquire Nuevopak Global Limited (“Nuevopak”) for approximately $43.8 million in total cash consideration, consisting of $34.8 million to be paid at closing and the remaining amount, subject to certain post-closing adjustments and potential contingent consideration, to be paid within three years from the date of closing. All amounts are in US dollars. Source

June 2021: RPM International Inc. Appoints American Stock Transfer & Trust as Transfer Agent. announced that it has appointed American Stock Transfer & Trust Company, LLC (“AST”) as RPM’s new stock transfer agent and registrar of RPM’s common stock, effective immediately. AST was originally founded as a transfer agent in 1971. Source