Global Acrylic Foam Tape market will reach 3310 million US$ by the end of 2025
Published Date: 2018/9/17
Acrylic foam tape is a closed-cell acrylic foam, pressure-sensitive adhesive. Acrylic Foam Tapes, AFT, are high performance bonding tapes designed to provide engineered assembly solutions for a wide variety of industial applications. These tapes are ideal for replacing mechanical fasteners and liquid adhesives in permanent applications where a very high strength bond is required.
Acrylic foam tape is primarily intended for the automotive industry. An extremely durable double-sided tape. Weather and UV tolerant. In some cases replaces rivets, screws and other mechanical fittings.
Global acrylic foam tapes market is expected to grow and gain traction during the forecast period owing to features such as huge internal strength and good flexibility reducing peeling stress. Furthermore, eco-friendly concept, shock absorption capability, and good anti-aging properties are some of the factors which are expected to fuel the global acrylic foam tapes market during the forecast period. Moreover, good anti-vibration properties, long-term holding power, excellent resistance to moistures & solvents, and excellent conformity are few other driving factors for global acrylic foam tapes market during the forecast period.
Low tack or initial bond strength of acrylic adhesive and poor adhesion to polyolefin are the factors which are expected to hamper the growth of global acrylic foam tapes market during the forecast period. Furthermore, high associated cost is one of the other major factor hindering the growth of global acrylic foam tapes market over the forecast period.
The global Acrylic Foam Tape market is valued at 1810 million US$ in 2017 and will reach 3310 million US$ by the end of 2025, growing at a CAGR of 7.8% during 2018-2025.
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