Metal Foil Tapes Market Size To Reach $3.67 Billion By 2030

January 2025 | Report Format: Electronic (PDF)

Metal Foil Tapes Market Growth & Trends

The global metal foil tapes market size is estimated to reach USD 3.67 billion by 2030, expanding at a CAGR of 6.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing demand from building & construction industry has been a key factor driving market growth, globally. In addition, robust growth in various end-use industries such as automotive & transportation, electronics, consumer goods & appliances, defense and aerospace is also fueling the demand.

Building & construction segment held the largest market share owing to its wide-scale usage in heating, ventilation and air conditioning (HVAC) for various purposes. In addition, rapid increase in infrastructural activities all over the globe is further driving the segment growth. Rising demand for metal foil tapes is anticipated to spur at a faster pace on account of rising need for environmental protection of assemblies and surfaces from extreme chemical and temperature conditions.

Aluminum foil tapes accounted as the largest metal type segment in 2016 and is anticipated to grow significantly over the coming years. It is extensively used on account of its superior performance in hot and cold environmental conditions. In electronics industry, metal foil tapes are extensively used to coat electrical cables as foil tape is polymer coated. Its resistance to weather shields communication cables from the environment is further supporting to increase the demand for metal foil tapes over the forecast period. Aluminum foil tapes are widely used in circuit boards, wrapping insulation cables and other temperature sensitive electronic materials.

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Metal Foil Tapes Market Report Highlights

The global metal foil tapes market size was valued at USD 2.45 billion in 2023 and is projected to grow at a CAGR of 6.2% from 2024 to 2030.
Copper foil tapes are expected to witness substantial growth over the forecast period. Copper foil tape, which has a three-layer structure with copper, conductive adhesive, and a removable silicon paper liner, is commonly used in the electrical/electronics sector for RFI/EMI shielding
Asia Pacific metal foil tapes market dominated the global market and accounted for the largest revenue share of 38.1% in 2023.
Key players including The 3M Company, Saint-Gobain S.A., Scapa Group Plc, Advance Tapes International., Nitto Denko Corporation and CMS Group of Companies