Global Foam Tape Market Size, Share, Growth Analysis, By Foam Type(Polyethylene, Polyurethane), By Type(Single Sided Foam Tape, and Double-Sided Foam Tape), By End-user Industry(Automotive, Construction), By Resin Type(Rubber, Silicone), By Technology(Solvent-Based, Water-Based) - Industry Forecast 2024-2031

Global foam tape market size was valued at USD 9.7 billion in 2022 and is poised to grow from USD 10.28 billion in 2023 to USD 16.39 billion by 2031, growing at a CAGR of 6% in the forecast period (2024-2031).

An adhesive tape consisting of a foam material backing on either one or both sides is known as foam tape. Excellent insulation and adhesive properties of foam tapes make them a perfect choice for internal as well as external applications across different industry verticals. The shock and impact absorption ability of foam tapes are also a factor that is estimated to bolster its demand for mounting applications. It is also extensively used for splicing, holding, and bonding applications as well. Growing focus on sustainability is pushing the demand for sustainable foam tapes around the world. Custom and personalized foam tape production is also picking up as consumers and end-user industries ask for more specialized tape products. Advancements in tape manufacturing technology are also shaping the future of foam tape market growth.

Developing economies of India, China, Brazil, and Indonesia are estimated to emerge as highly opportune spaces for foam tape companies in the future. High temperature and moisture resistance of foam tapes will also expand its application scope in the long run. Surging focus on sustainability around the world is also anticipated to augment the global foam tape demand outlook going forward.