1 Global Acrylic Foam Tape Market Insight Analysis
The global acrylic foam tape market is valued at USD 2,666.9 million in 2024, with a CAGR of 5.47% from 2024 to 2033.
Acrylic Foam Tape is a high-performance bonding product designed to provide engineered assembly solutions for a wide range of industrial applications. It consists of a layer of foam core coated with acrylic adhesive on one or both sides. The tape is known for its excellent adhesion properties, durability, and resistance to environmental factors such as temperature and humidity.
This makes it ideal for use in automotive assembly, where it can replace traditional mechanical fasteners, providing a cleaner and more efficient bonding solution. In the electronics industry, Acrylic Foam Tape is used for bonding touch screens, window panes, and backplanes in devices like smartphones and tablets. Its ability to absorb shock and maintain strong bonds in small areas makes it a preferred choice for modern, slim electronic designs.
Figure Global Acrylic Foam Tape Market Size (M USD) and CAGR (2024-2033)
2 Acrylic Foam Tape Market Growth Drivers and Restraints
Acrylic foam tape has excellent adhesion and can form a strong and lasting bond between materials with different surface properties, adapting to a variety of complex working conditions. Its excellent chemical resistance can cope with the erosion of various chemical substances and ensure the stable performance of the tape.
Its unique viscoelasticity enables it to effectively disperse stress, compensate for the thermal expansion and contraction between different materials, and maintain stable bonding under extreme temperature changes. Good temperature resistance and weather resistance enable it to withstand the influence of rain, light and other climates, meeting the needs of outdoor use. These advantages make acrylic foam tape widely used in many fields and promote market growth.
In the field of automobile manufacturing, acrylic foam tape can be used for permanent fixation of external parts of the car body and pasting of interior parts, effectively improving assembly efficiency and reducing costs. With the development of the automobile industry, demand continues to rise. In the field of electronics, it is suitable for bonding touch screens, windows and back panels of electronic products, meeting the requirements of narrow frame design, and also has waterproof sealing performance, which is in line with the trend of lightweight and high-performance development of electronic products.
In the construction industry, it can be used for bonding glass partitions and curtain walls to ensure the stability and beauty of the building structure. In the field of home appliances, it is used to fix home appliance decorative panels, achieve invisible bonding, improve product aesthetics, absorb vibration and reduce noise. The continuous expansion of application areas has provided strong support for market growth.
The global automobile manufacturing market is large and continues to expand, reaching approximately US$2.7 trillion in 2021 and expected to grow to approximately US$2.8 trillion in 2022. The increase in automobile production directly drives the growth of demand for acrylic foam tape in the automotive field. The consumer electronics market is also developing rapidly, with revenue expected to reach US$1,062 billion in 2022 and a compound annual growth rate of 2.51% from 2022 to 2027. The replacement of electronic products and market expansion have led to an increasing demand for acrylic foam tape. The stable development of industries such as construction and home appliances has further driven the market demand for this tape.
The downstream customers of acrylic foam tape are mostly industries such as consumer electronics manufacturing, which are significantly affected by the macro economy. When the economy is down, consumers’ willingness to buy electronic products decreases, resulting in a reduction in the production and sales scale of the consumer electronics industry, which in turn reduces the demand for acrylic foam tape. For example, in 2020, the global economy was hit by the epidemic, the GDP of various countries changed, the economy of some countries declined, and the global market demand for acrylic foam tape decreased accordingly, affecting the production and operation of enterprises.
The main raw materials for the production of acrylic foam tape are release paper, acrylic acid, etc., and their supply and price fluctuations have a significant impact on the profitability of enterprises. The procurement of raw materials by enterprises depends on major suppliers. If the cooperative relationship with suppliers deteriorates, or there are problems with the operation and financial situation of suppliers, the procurement of raw materials by enterprises may be blocked.
In recent years, affected by the international situation, upstream raw material prices and market supply and demand, the prices of raw materials such as release paper and acrylic acid have shown an upward trend, which has increased the production costs of enterprises, compressed profit margins, and restricted market development.
The market for acrylic foam tape is highly competitive, and enterprises need to continuously invest in research and development and marketing to enhance their competitiveness, which increases operating costs. At the same time, new tape products and bonding technologies continue to emerge in the market, which may pose a substitution threat to acrylic foam tape. New entrants may seize market share with low-price strategies, bring competitive pressure to existing enterprises, and affect the overall growth rate of the market.
3 Technological Innovations in the Acrylic Foam Tape Market
To meet the needs of different industries, enterprises continue to optimize the performance of acrylic foam tape products. 3MTM VHB M extrudable tape launched by 3M combines the advantages of high-strength acrylic foam tape and liquid adhesive. It has a higher level of automation, easier operation and more sustainability. It can be used in production of different scales to improve production efficiency and reduce costs. Avery Dennison’s 94 series heat-activated acrylic foam tape is designed for rubber extrusion bonding. It has high holding power and easy release paper peeling. It provides a variety of winding forms to provide customers with more choices to meet the needs of industrial applications.
Enterprises actively improve production processes to improve production efficiency and product quality. Tesa Tape is expanding its plant in Sparta, adding product development areas and manufacturing space, and adopting environmentally friendly production technology, aiming to increase its market share in North America. By expanding production scale and adopting new technologies, it is expected to improve production efficiency, reduce production costs and enhance product competitiveness.
Material R&D innovation: In terms of raw material research and development, enterprises continue to explore new formulas and new materials. Some companies have developed acrylic resins with special properties for the production of higher-performance acrylic foam tapes, such as improving the tape’s high temperature resistance and weather resistance to meet the higher performance requirements of the automotive, electronics and other industries.
Nitto Denko Corporation sold part of Nitto Switzerland’s assets to ZF Friedrichshafen AG. Nitto Switzerland has technical advantages in the field of professional adhesive films. This sale will help Nitto Denko Corporation optimize its business layout and concentrate resources on developing core businesses. Intertape Polymer Group was acquired by Clearlake Capital for $2.6 billion.
Through this acquisition, Clearlake Capital will integrate Intertape Polymer Group’s production, sales and other resources to achieve complementary advantages and enhance its competitiveness in the tape market. Avery Dennison acquired ACPO and acquired its pressure-sensitive lamination product business in the label and flexible packaging market, expanding its product line and enhancing its competitiveness in related markets.
4 Global Acrylic Foam Tape Market Size by Type
Double Sided Tape is the dominant type in the Acrylic Foam Tape market, accounting for the majority of the market revenue. In 2024, the revenue generated by Double Sided Tape is projected to be 2430.00 million USD. This type of tape is highly valued for its versatility and strong bonding capabilities, making it suitable for a wide range of applications across various industries.
Its ability to bond two surfaces together securely and efficiently has led to its widespread use in automotive assembly, electronics, and construction. For instance, in the automotive sector, Double Sided Tape is used for bonding exterior parts, such as body panels and trim, providing a durable and aesthetically pleasing solution. In electronics, it is used for bonding touch screens and other components, ensuring stability and durability in compact devices.
The market share of Double Sided Tape in 2024 is estimated to be 91.12%. This high market share reflects its extensive application scope and the high demand from major industries. The growth of this segment is driven by the increasing need for efficient and reliable bonding solutions in manufacturing processes, particularly in the automotive and electronics sectors. The ability of Double Sided Tape to withstand environmental factors such as temperature fluctuations and mechanical stress further enhances its market position.
Single Sided Tape, while less dominant than its double-sided counterpart, still holds a significant position in the Acrylic Foam Tape market. In 2024, the revenue generated by Single Sided Tape is projected to be 236.90 million USD. This type of tape is characterized by its adhesive layer on one side, making it suitable for applications where a single-sided bond is required. Single Sided Tape is commonly used in applications such as sealing and fixing, where a clean and efficient solution is needed without the complexity of a double-sided bond.
The market shares of Single Sided Tape in 2024 is estimated to be 8.88%. Although it holds a smaller share compared to Double Sided Tape, its market presence is still substantial. The growth of this segment is driven by specific applications in industries such as packaging, construction, and home appliances. For example, in construction, Single Sided Tape is used for sealing windows and doors, providing a weather-resistant barrier. In home appliances, it is used for fixing decorative panels and other components, ensuring a secure and durable bond.
Table Global Acrylic Foam Tape Market Size and Share by Type in 2024
Type | Market Size (M USD) 2024 | Market Share 2024 |
|---|---|---|
Double Sided Tape | 2430.00 | 91.12% |
Single Sided Tape | 236.90 | 8.88% |
5 Global Acrylic Foam Tape Market Size by Application
In 2024, the automotive sector is expected to remain a major consumer of acrylic foam tape, the automotive application is forecasted to have a market revenue of approximately 970.82 million USD, accounting for about 36.40% of the total market size. Acrylic foam tape is widely used in automotive manufacturing for tasks like the permanent fixation of car body exterior parts, bonding of car body curves and corners, and pasting of nameplates. Its ability to provide strong and durable bonds, along with its stress relaxation properties, makes it ideal for automotive applications.
The building and construction industry is another significant application area. In 2024, it is projected to generate a revenue of around 470.47 million USD, with a market share of about 17.64%. The tape is used for applications such as glass partition wall bonding, curtain wall bonding, and indoor wall covering. Its weather resistance and ability to bond different materials make it a popular choice in construction projects.
The home appliances segment is expected to have a revenue of approximately 351.31 million USD in 2024, holding a market share of around 13.17%. Acrylic foam tape is used for fixing transparent or translucent decorative panels in appliances like refrigerators, electric ovens, and washing machines. It provides a secure bond while maintaining the aesthetic appeal of the appliances.
The electronics industry is also a key application field. In 2024, the revenue from the electronics application is forecasted to be around 376.03 million USD, with a market share of about 14.10%. The tape is used for touch screen, window, and backplane bonding in electronic products such as mobile phones and tablets. Its ability to maintain excellent bonding strength on small areas and provide shock absorption is highly valued in the electronics industry.
Table Global Acrylic Foam Tape Market Size and Share by Application in 2024
Application | Market Size (M USD) 2024 | Market Share 2024 |
|---|---|---|
Automotive | 970.82 | 36.40% |
Building and Construction | 470.47 | 17.64% |
Home appliances | 351.31 | 13.17% |
Electronics | 376.03 | 14.10% |
Others | 498.27 | 18.68% |
6 Global Acrylic Foam Tape Market Size by Region
In 2024, the Asia Pacific region is set to be the largest market for acrylic foam tape. It is projected to have a market revenue of 1394.21 million USD, with a market share of approximately 52.27%. The region’s rapid economic development, increasing industrialization, and growing demand from end – use industries such as automotive, electronics, and construction are driving the market growth. China, in particular, is a major contributor to the region’s market growth. In 2024, China’s acrylic foam tape market revenue is expected to be around 775.33 million USD. The country’s booming automotive and electronics manufacturing industries are fueling the demand for acrylic foam tape.
North America is the second – largest market. In 2024, it is expected to generate a revenue of 580.74 million USD, with a market share of about 21.78%. The United States is the dominant market in North America, with an expected revenue of around 468.44 million USD in 2024. The region’s well – developed automotive and electronics industries, along with strict quality standards, contribute to the demand for high – performance acrylic foam tape.
Europe is also an important market for acrylic foam tape. In 2024, its market revenue is projected to be 539.10 million USD, accounting for about 20.22% of the global market. Germany, the UK, and France are the major markets in Europe. Germany, for example, is expected to have a revenue of around 127.14 million USD in 2024. The region’s advanced manufacturing sector and focus on product quality drive the demand for acrylic foam tape.
South America and the Middle East & Africa regions are relatively smaller markets but are also showing growth potential. South America is expected to have a market revenue of 84.95 million USD in 2024, with a market share of about 3.18%. Brazil is the largest market in South America, contributing significantly to the region’s revenue. The Middle East & Africa region is projected to have a revenue of 67.90 million USD in 2024, with a market share of about 2.55%. The GCC countries and Turkey are the major markets in this region, with growing demand from the construction and automotive industries.
Figure Global Acrylic Foam Tape Market Size (M USD) by Region in 2024
7 Global Acrylic Foam Tape Market Analysis by Major Players
7.1 3M
Company Introduction and Business Overview:
3M is a multinational integrated manufacturing company founded in 1902 and headquartered in the United States. It is a constituent of the Dow Jones Industrial Average and is renowned for its diverse product portfolio, which includes abrasives, tapes, adhesives, electronics, display products, medical products, and household products. 3M operates globally, with manufacturing plants primarily located in North America and Asia, and serves customers worldwide.
3M is a global leader in innovation, known for its extensive research and development capabilities. The company’s business strategy focuses on leveraging its technological expertise to develop high-performance products that address a wide range of industrial and consumer needs. 3M’s adhesive products, including Acrylic Foam Tape, are designed to provide durable and reliable bonding solutions for various applications, such as automotive, electronics, and construction.
Products:
3M’s Acrylic Foam Tape, such as the 3M™ VHB™ Tape series, features a viscoelastic acrylic foam core with strong adhesion properties. These tapes are designed to bond well to different substrates, offer excellent weather resistance, and provide stress relaxation under load. They are widely used for automotive exterior bonding, nameplate attachment, and other applications requiring high durability and performance.
Market Performance in 2022:
In 2022, 3M’s Acrylic Foam Tape business generated a revenue of USD 621.06 million, with a gross margin of approximately 41.25%.
7.2 Nitto Denko Corporation
Company Introduction and Business Overview:
Nitto Denko Corporation is a Japanese company established in 1918. It is a global leader in the production of adhesive tapes, optical films, semiconductors, and electronic devices. The company operates through multiple segments, including industrial tapes, optronics, and life sciences. Nitto Denko’s manufacturing facilities are spread across Asia, North America, and Europe, enabling it to serve customers worldwide.
Nitto Denko Corporation focuses on providing high-quality adhesive solutions for various industries, including automotive, electronics, and construction. The company’s business strategy emphasizes continuous innovation and product development to meet the evolving needs of its customers. Nitto Denko’s Acrylic Foam Tape products are known for their strong adhesion, durability, and resistance to environmental factors, making them suitable for demanding applications.
Products:
Nitto Denko’s Acrylic Foam Tape, such as the HYPERJOINT™ series, features a highly durable acrylic foam core with excellent heat and weather resistance. These tapes are designed for multi-functional bonding applications, including automotive body parts, electronic components, and construction materials. The tapes offer strong adhesion, flexibility, and repulsion resistance, making them ideal for complex surfaces and irregular substrates.
Market Performance in 2022:
In 2022, Nitto Denko Corporation’s Acrylic Foam Tape business achieved a revenue of USD 490.04 million, with a gross margin of approximately 39.18%.
7.3 Tesa
Company Introduction and Business Overview:
Tesa SE is a leading global manufacturer of adhesive tapes and is a division of Beiersdorf AG, a German company founded in 1882. Tesa was established as an independent subsidiary in 2001 and has since become a major player in the adhesive tape market. The company operates manufacturing plants in Germany, Italy, the USA, China, and Vietnam, and serves customers worldwide.
Tesa focuses on providing innovative adhesive solutions for various applications, including automotive, electronics, and industrial markets. The company’s business strategy emphasizes continuous research and development to enhance product performance and meet customer needs. Tesa’s Acrylic Foam Tape products are known for their high bonding strength, durability, and flexibility.
Products:
Tesa’s Acrylic Foam Tape, such as the tesa® 757xx series, features a viscoelastic acrylic foam core with excellent impact resistance and bonding strength. These tapes are designed for industrial applications requiring high durability and performance. They offer good wetting properties, allowing strong bonds on various substrates, and are suitable for applications such as automotive body bonding and electronic component assembly.
Market Performance in 2022:
In 2022, Tesa’s Acrylic Foam Tape business generated a revenue of USD 335.82 million, with a gross margin of approximately 42.80%.