Foam Tape Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Foam Tape Market Growth Trends and is segmented by Foam Type (Polyethylene, Polyurethane, Neoprene, Acrylic, and Other Foam Types), Type (Single Sided Foam Tape and Double Sided Foam Tape), Resin Type (Rubber, Silicone, Acrylic, EVA, and Other Resin Types), Technology (Solvent-Based, Water-Based, and Hot-Melt-Based), End-user Industry (Automotive, Construction, Electrical and Electronics, Aerospace, Packaging, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

Foam Tape Market Size

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Foam Tape Market Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 6.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Foam Tape Market

*Disclaimer: Major Players sorted in no particular order


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Foam Tape Market Analysis

The foam tape market is projected to register a CAGR of more than 6% during the forecast period (2021-2026).

The growth of the market is hampered by the COVID-19 pandemic, as lockdowns, social distances, and trade sanctions have triggered massive disruptions to global supply chain networks. Due to lockdown in various countries, most of the industries or factories were temporarily shut down and have impacted the growth of the aerospace, automotive, and construction segments. For instance, automobile production in 2020 witnessed a decline of 15.8% compared to 2019 due to the pandemic situation and shutdown of manufacturing facilities.

  • Over the medium term, the increasing demand from the construction industry is projected to drive the market during the forecast period.
  • The growing demand for foam tape from lightweight electrical vehicles is likely to act as an opportunity for the market studied in the coming years.
  • The Asia-Pacific region is expected to dominate the market with the largest consumption from countries, such as India and China.

Foam Tape Market Trends

This section covers the major market trends shaping the Foam Tape Market according to our research experts:

Automotive Sector Dominated the Market

  • Foam tapes are utilized for sound hosing, insulating, gasketing, padding/cushioning, and fixing and are intended to upgrade the appearance and improve the general performance of the designed product.
  • Additionally, foam tape can withstand -40°F to 300°F, and it can resist moisture, ultraviolet rays from the sun, and solvents, providing high bonding strength to compensate for different thermal expansions.
  • In the automotive industry, foam tapes are used in bonding plastic emblems onto metal substrates, sealing windows, doors, sunroofs, trunks/hatches, etc.
  • The automotive industry witnessed a downfall in recent times. According to the OICA, around 77.62 million vehicles were produced globally in 2020 compared to 92.18 million vehicles that were produced in 2019, witnessing a decreasing growth rate of about 15.8%.
  • The decline is majorly attributed to the reduced production in the major automotive hubs such as United States, China, Japan, and Germany. In 2020, these countries witnessed a decline of 19%, 2%, 17%, and 24%, respectively, compared to 2019.
  • Hence, owing to the above-mentioned factors, the market is expected to witness a decline in growth during the forecast period.
Foam Tape Market Revenue Share

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region is expected to dominate the market for foam tape during the forecast period. The rising demand for foam tape from the construction industry with the growing population in developing countries like India and China.
  • In 2020, the Chinese construction industry was valued at about USD 1,049.2 billion, and it is estimated to reach about USD 1,117.4 billion by 2021, with a growth rate of about 6.5%.
  • Furthermore, the total new construction in Japan was accounted for about 127.55 million square meters in 2019 and reached about 113.74 million square meters in 2020, with a decline rate of about 10.5%.
  • Residential and commercial construction in India has been increasing owing to the developing service sector in the country. According to the Ministry of Housing and Urban Affairs of India, the Indian government announced an investment of about USD 27.54 billion construction of 100 cities under the smart cities plan. This plan includes 5,151 different smart city projects, out of which 1,638 projects have been completed as of April 2021.
  • According to the OICA, Asia-Pacific dominated global automobile production in recent years. China is the largest producer of automobiles globally, with a production volume of 25.75 million vehicles in 2019 and reached 25.23 million vehicles in 2020, registering a decline rate of about 2%.
  • Owing to the above-mentioned factors, the market for foam tape in the Asia-Pacific region is projected to grow significantly post recovery from COIVD-19 during the study period.
Foam Tape Market Growth Rate By Region

Foam Tape Industry Overview

The foam tape market is fragmented, with top players accounting for a major share of the market. Major companies in the market include 3M, HALCO Europe Ltd, NITTO DENKO CORPORATION, Scapa, and LINTEC Corporation, among others.

Foam Tape Market Leaders

  1. 3M


  3. LINTEC Corporation

  4. HALCO Europe Ltd

  5. Scapa

*Disclaimer: Major Players sorted in no particular order

Foam Tape Market Analysis
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Foam Tape Market News

  • In June 2019, RPM's Tremco business acquired Schul International Co., LLC, a manufacturer of joint sealants for commercial construction, and Willseal LLC, a company that markets and sells Schul products. Schul's product line consists primarily of pre-compressed, self-expanding foam tapes used for sealing joints in applications including window seals, prefabricated concrete, modular construction, and concrete facade restoration.

Foam Tape Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand from the Construction Industry

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Declining Automotive Industry

      2. 4.2.2 Impact of COVID-19 on the Market

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Foam Type

      1. 5.1.1 Polyethylene

      2. 5.1.2 Polyurethane

      3. 5.1.3 Neoprene

      4. 5.1.4 Acrylic

      5. 5.1.5 Other Foam Types

    2. 5.2 Type

      1. 5.2.1 Single Sided Foam Tape

      2. 5.2.2 Double Sided Foam Tape

    3. 5.3 Resin Type

      1. 5.3.1 Rubber

      2. 5.3.2 Silicone

      3. 5.3.3 Acrylic

      4. 5.3.4 EVA

      5. 5.3.5 Other Resin Types

    4. 5.4 Technology

      1. 5.4.1 Solvent-Based

      2. 5.4.2 Water-Based

      3. 5.4.3 Hot-Melt-Based

    5. 5.5 End-user Industry

      1. 5.5.1 Automotive

      2. 5.5.2 Construction

      3. 5.5.3 Electrical and Electronics

      4. 5.5.4 Aerospace

      5. 5.5.5 Packaging

      6. 5.5.6 Other End-user Industries

    6. 5.6 Geography

      1. 5.6.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.6.2 North America

        1. United States

        2. Mexico

        3. Canada

        4. Rest of North America

      3. 5.6.3 Europe

        1. Germany

        2. United Kingdom

        3. Italy

        4. France

        5. Rest of Europe

      4. 5.6.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.6.5 Middle-East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M


      3. 6.4.3 HALCO Europe Ltd

      4. 6.4.4 tesa Tapes (India) Private Limited

      5. 6.4.5 Scapa

      6. 6.4.6 LINTEC Corporation


      8. 6.4.8 Intertape Polymer Group

      9. 6.4.9 3F GmbH Klebe- & Kaschiertechnik

      10. 6.4.10 LAMATEK Inc.

      11. 6.4.11 Wuxi Canaan Adhesive Technology Co. Ltd

      12. 6.4.12 Lynvale Ltd

      13. 6.4.13 Lohmann GmbH & Co. KG

      14. 6.4.14 RPM International Inc.

    5. *List Not Exhaustive

    1. 7.1 Growing Demand of Foam Tape from Lightweight Electrical Vehicle

    2. 7.2 Other Opportunities

**Subject to Availability
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Foam Tape Industry Segmentation

Foam tapes are used for temporary or permanent fastening, packaging, acoustic dampening, thermal insulation, and gap filling. They are made of open-cell or closed-cell foams, coated with different types of pressure-sensitive adhesives (PSAs), and they come in a variety of thicknesses. Each foam tape has unique features and ideal purposes. The foam tape market is segmented by foam type, type, resin type, technology, end-user industry, and geography. By foam type, the market is segmented into polyethylene, polyurethane, neoprene, acrylic, and other foam types. By type, the market is segmented into single sided foam tape and double sided foam tape. By resin type, the market is segmented into rubber, silicone, acrylic, EVA, and other resin types. By technology, the market is segmented into solvent-based, water-based, and hot-melt-based, and by end-user industry, the market is segmented into automotive, construction, electrical and electronics, aerospace, packaging, and other end-user industries. The report also covers the market size of and forecasts for the foam type market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

Foam Type
Other Foam Types
Single Sided Foam Tape
Double Sided Foam Tape
Resin Type
Other Resin Types
End-user Industry
Electrical and Electronics
Other End-user Industries
South Korea
Rest of Asia-Pacific
North America
United States
Rest of North America
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Foam Tape Market Research FAQs

The Foam Tape Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

3M, NITTO DENKO CORPORATION, LINTEC Corporation, HALCO Europe Ltd and Scapa are the major companies operating in the Foam Tape Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Foam Tape Market.

The report covers the Foam Tape Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Foam Tape Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Foam Tape Industry Report

Statistics for the 2024 Foam Tape market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Foam Tape analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Foam Tape Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)