Metal Foil Tapes Market Size, Share & Trends Analysis Report By Type (Aluminum, Copper, Lead), By Adhesive Type (Acrylic, Silicone, Rubber), By End-Use, By Region, And Segment Forecasts, 2018 - 2025

Industry Insights

The global metal foil tapes market size was estimated at USD 2,042.2 million in 2016. Globally increasing demand from several end-use industries to protect end-use assemblies and surfaces from extreme environmental conditions is expected to be a key growth factor. In addition, growing construction industry in Asia Pacific is anticipated to increase the demand over the forecast period.

Metal foil tapes are extensively used in various end-use industries of different metal types such as aluminum, copper, lead, carbon steel, tin, and nickel on one or both sides with permanently tacky adhesive. It offers services to various end-use industries including building & construction, aerospace, automotive & transportation, military, electronics, and consumer goods & appliances.  In addition, it is widely used on account of their superior properties such as resistance to flame, moisture, weather, dirt, and UV degradation.

U.S. metal foil tapes market revenue by end-use, 2014 - 2025 (USD Million)

In the U.S., building & construction segment is anticipated to witness higher growth rate over the forecast period. This segment was estimated at USD 51.9 million in 2016 and is expected to witness the fastest growth rate of 8.1% from 2017 to 2025. The outlook for numerous major civil and major heavy engineering categories of construction is expected to be driven by special focus on building new infrastructure and on repairing existing capital assets that are causing safety concerns.

Metal foil tapes are developed with pressure-sensitive adhesives like silicone, acrylic, rubber, ethylene-vinyl acetate (EVA), and acrylate to provide a vapor barrier and superior sealing. It is extensively used in heating, ventilation, and air conditioning (HVAC) systems. Acrylic adhesives used in cold weather conditions permit metal foil tapes to adhere very well in high humidity and low-temperature conditions. These tapes create air-tight seals in ventilation systems and duct work producing a flexible bond and providing extreme temperature resistance.

However, on the basis of solid waste hierarchy, the size and quantity should be minimum without reducing the necessary functionality of the tape. In addition, content materials used should comply with the regulatory standards. Primarily on account of these concerns, regulatory bodies including OSHA HCS, EU Commission Regulation, and ASTM have imposed stringent regulations to avoid operator’s safety and health hazards.

These products are widely consumed in Asia Pacific and North America region with the presence of major economies such as China, India, and the U.S. Increasing demand from the building & construction industry especially HVAC systems is anticipated to drive the growth over the forecast period.

Metal Type Insights

The aluminum foil tapes demand was valued at USD 1,523.9 million in 2016 and is projected to grow at a CAGR of 6.6% between 2017 and 2025. Aluminum foil tapes are extensively used on account of its superior performance in hot and cold environmental conditions. In addition, it used to improve heating and cooling efficiency in thermally conductive and light reflective surface applications.

Copper foils are extensively used in the electronics industry for shielding electromagnetic wave and making contact for transformers. Lead foil is an effective masking agent for X-rays, paint stripping, and electroplating. It can be die-cut into specific shapes for several manufacturing process and assembly. In addition, it offers superior performance over a wide variety of temperature conditions.

Adhesive Type Insights

The overall acrylic adhesive type market was estimated at USD 1,160.6 million in 2016 and is anticipated to grow at a CAGR of 6.8% from 2017 to 2025. Acrylic-based metal foil tapes are more versatile and better resistant to chemicals, solvents, and water. Modified acrylic foil tapes have excellent adhesion to a wide variety of surfaces.

Silicone based metal foil tapes are significantly more expensive as compared to acrylic and rubber based tapes. They are extensively used owing to their excellent high-temperature performance and chemical resistance.

Rubber based metal foil tapes typically bond to a wide range of substrates including low surface energy materials that satisfies adhesion requirements from various end-use industries. In addition, they are extensively used in indoor applications such as maintenance and repair operations, auto repair, and wire bundling owing to low-temperature range, poor UV, and chemical resistance.

End-use Insights

Building & construction segment accounted for USD 639.8 million in 2016 and is expected to reach USD 1,163.7 million by 2025, growing at a rate of 6.9% from 2017 to 2025. These products are extensively used in HVAC systems on account of its superior technical properties. Its cold weather acrylic adhesives allow it to adhere very well in low temperature and high humidity conditions. It creates airtight seals in HVAC systems. Moreover, it provides flexible bond and extreme chemical & temperature resistance.

In the automotive & transportation industry, it is widely used for sound dampening, heat sealing, and auto repair needs. Aluminum foil tapes are extensively used as lighter weight alternative to steel material by automotive manufacturers. It provides heat reflection, prevents leaks, masking, and wire bundling.

In the aerospace industry, it is extensively used for high temperature and high-performance applications such as heat reflective wrap over insulation cables, instruments or other high-temperature sensitive materials.

Regional Insights

The Asia Pacific and North America regions are anticipated to be major markets over the forecast years, driven by the rising demand from the various end-use industries. Rapid urbanization, government spending, investment, and consumer spending has paced the Asian economy which will trigger a rise in infrastructure development for the construction industry over the forecast period. Especially emerging economies such as China, India, Japan are the key driving nations for the development of the building & construction industry in this region.

Global metal foil tapes market, by region, 2016 (%)

Asia Pacific was followed by North America, accounting for 23.32% of the total revenue in 2016. North America was estimated at USD 476.2 million in 2016 and is projected to grow at the rate of 6.4% between 2017 and 2025. Huge investments in some construction segments such as commercial and infrastructural projects are anticipated to fuel the demand over the forecast period. In addition, in North America, the demand is further increased due to growing demand from the aviation and defense industry.

Metal Foil Tapes Market Share Insights

The global metal foil tapes market competition is highly intensive and relatively integrated, with the presence of major companies acquiring a major share in 2016. Key participants include The 3M Company, Saint-Gobain S.A., Scapa Group Plc, Nova Films & Foils, Inc., All Foils, Inc., Tape Holding Company, Inc., Advance Tapes International, Intertape Polymer Group, Hitachi Maxell, Ltd., MBK Tape Solutions, Kruse Adhesive Tape, Inc., Shurtape Technologies, LLC, Nitto Denko Corporation, CMS Group of Companies, and Jiangyin Bondtape Technology Corporation.

Continuous R&D activities are carried out by the key industry players to manufacture cost-efficient products. Moreover, new product developments and innovations are expected to be a key driving factor to sustain in the competitive market, with expansion strategies such as partnerships, acquisitions, capacity expansion, and agreements.

Report Scope 

Segments covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global metal foil tapes market on the basis of metal type, adhesive type, end-use, and region:

• Metal Type Outlook (Revenue, USD Million, 2014 - 2025)

  • Aluminum

  • Copper

  • Lead

  • Others

• Adhesive Type Outlook (Revenue, USD Million, 2014 - 2025)

  • Acrylic

  • Silicone

  • Rubber

  • Others

• End-Use Outlook (Revenue, USD Million, 2014 - 2025)

  • Building & Construction

  • Automotive & Transportation

  • Defense & Aerospace

  • Electronics

  • Consumer Goods & Appliances

  • Others

• Regional Outlook (Revenue, USD Million, 2014 - 2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • Germany

    • The U.K.

    • France

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa