Foam Tapes Market Dynamics, Growth, Trends, and Opportunities 2031
Coverage: Foam Tapes Market covers analysis by Resin Type (Acrylic, Rubber, Silicone, Others); Foam Type (Pe-Backed Foam Tape, Pu-Backed Foam Tape, Acrylic Based Foam Tape); Backing Material Type (Polyester and Polyether Urethane, Vinyl Nitrile, PVC Vinyl, PVC); Technology (Solvent Based, Water Based, Hot-Melt Based); End use industry (Automotive Building and Construction Electrical and Electronics Paper and Printing General Industrial Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)
- Report Date : Feb 2026
- Report Code : TIPRE00005322
- Category : Chemicals and Materials
- Status : Upcoming
- Available Report Formats :
- No. of Pages : 150
The Breathable Films Market size is expected to reach US$ 16.92 Billion by 2031. The market is anticipated to register a CAGR of 6.8% during 2025-2031.
The foam tapes market report is segmented by resin type (rubber, silicone, acrylic and others). The report further presents analysis based on category (single-sided and double-sided) and end-use industry (automotive, construction, electrical and electronics, packaging and others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Foam Tapes Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
- Rubber
- Silicone
- Acrylic
- Single-Sided
- Double-Sided
- Automotive
- Construction
- Electrical and Electronics
- Packaging
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Foam Tapes Market Growth Drivers- Rising Demand from Automotive Industry: The foam tapes market is considerably aided by the automotive industry. In vehicle manufacturing, foam tapes are extensively applied for bonding, sealing and insulation purposes. With the onset of globalization, vehicle manufacturers are faced with challenges in improving vehicle performance, cutting down weight and enhancing fuel economy; accordingly, there is an increase in need for foam tapes and other lightweight and effective bonding solutions. Furthermore, the development of electrified mode of transport in the form of electric vehicles (EVs) is also boosting the demand for sealing & insulation solutions which are even more advanced, sustainability solutions owing to the fact that thermal & noise management in these vehicles is more than the conventional vehicles.
- Foam Tape Growth in Construction: The other major driver in the foam tape market is the growth in the construction industry. Foam tapes are within this industry used for insulation, weatherproofing, and sealing. There has been a growing tension across the globe towards energy conservation building and sustainable mode of construction which is moulding demand for foam tape in building to seal the air on the tapes for better thermal comfort. Furthermore, the changes in building construction patterns of especially domestic buildings, have led to increased need for foam tapes, since builders are looking for efficient ways of closing openings and improving insulation.
- Expansion of Consumer Electronics Market: The rapid growth in the consumer electronics industry has also contributed to the foam tapes market owing to a rising demand of the product
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Based on end-use industry, construction segment is expected to witness the fastest growth during the forecast period
Based on geography, Asia Pacific held the largest share of the foam tapes market due to growth in the construction and automotive industry
Development of advanced adhesive technologies is expected to be the key market trends
Increasing demand in the automotive industry is driving the market growth
3M Co; Adchem Corporation; Adhere Industrial Tapes Ltd; Avery Dennison Corporation; Lintec Corporation are some of the key players operating in the foam tapes market
The Foam Tapes Market is estimated to witness a CAGR of 6.8% from 2025 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Foam Tapes Market - By Resin Type
1.3.2 Foam Tapes Market - By Foam Type
1.3.3 Foam Tapes Market - By Backing Material Type
1.3.4 Foam Tapes Market - By Technology
1.3.5 Foam Tapes Market - By End use industry
1.3.6 Foam Tapes Market - By Region
1.3.6.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FOAM TAPES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. FOAM TAPES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. FOAM TAPES MARKET - GLOBAL MARKET ANALYSIS
6.1. FOAM TAPES - GLOBAL MARKET OVERVIEW
6.2. FOAM TAPES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FOAM TAPES MARKET - REVENUE AND FORECASTS TO 2028 - RESIN TYPE
7.1. OVERVIEW
7.2. RESIN TYPE MARKET FORECASTS AND ANALYSIS
7.3. ACRYLIC
7.3.1. Overview
7.3.2. Acrylic Market Forecast and Analysis
7.4. RUBBER
7.4.1. Overview
7.4.2. Rubber Market Forecast and Analysis
7.5. SILICONE
7.5.1. Overview
7.5.2. Silicone Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. FOAM TAPES MARKET - REVENUE AND FORECASTS TO 2028 - FOAM TYPE
8.1. OVERVIEW
8.2. FOAM TYPE MARKET FORECASTS AND ANALYSIS
8.3. PE-BACKED FOAM TAPE
8.3.1. Overview
8.3.2. Pe-Backed Foam Tape Market Forecast and Analysis
8.4. PU-BACKED FOAM TAPE
8.4.1. Overview
8.4.2. Pu-Backed Foam Tape Market Forecast and Analysis
8.5. ACRYLIC BASED FOAM TAPE
8.5.1. Overview
8.5.2. Acrylic Based Foam Tape Market Forecast and Analysis
9. FOAM TAPES MARKET - REVENUE AND FORECASTS TO 2028 - BACKING MATERIAL TYPE
9.1. OVERVIEW
9.2. BACKING MATERIAL TYPE MARKET FORECASTS AND ANALYSIS
9.3. POLYESTER AND POLYETHER URETHANE
9.3.1. Overview
9.3.2. Polyester and Polyether Urethane Market Forecast and Analysis
9.4. VINYL NITRILE
9.4.1. Overview
9.4.2. Vinyl Nitrile Market Forecast and Analysis
9.5. PVC VINYL
9.5.1. Overview
9.5.2. PVC Vinyl Market Forecast and Analysis
9.6. PVC
9.6.1. Overview
9.6.2. PVC Market Forecast and Analysis
10. FOAM TAPES MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
10.1. OVERVIEW
10.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
10.3. SOLVENT BASED
10.3.1. Overview
10.3.2. Solvent Based Market Forecast and Analysis
10.4. WATER BASED
10.4.1. Overview
10.4.2. Water Based Market Forecast and Analysis
10.5. HOT-MELT BASED
10.5.1. Overview
10.5.2. Hot-Melt Based Market Forecast and Analysis
11. FOAM TAPES MARKET - REVENUE AND FORECASTS TO 2028 - END USE INDUSTRY
11.1. OVERVIEW
11.2. END USE INDUSTRY MARKET FORECASTS AND ANALYSIS
11.3. AUTOMOTIVE BUILDING AND CONSTRUCTION ELECTRICAL AND ELECTRONICS PAPER AND PRINTING GENERAL INDUSTRIAL OTHERS
11.3.1. Overview
11.3.2. Automotive Building and Construction Electrical and Electronics Paper and Printing General Industrial Others Market Forecast and Analysis
12. FOAM TAPES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America Foam Tapes Market Overview
12.1.2 North America Foam Tapes Market Forecasts and Analysis
12.1.3 North America Foam Tapes Market Forecasts and Analysis - By Resin Type
12.1.4 North America Foam Tapes Market Forecasts and Analysis - By Foam Type
12.1.5 North America Foam Tapes Market Forecasts and Analysis - By Backing Material Type
12.1.6 North America Foam Tapes Market Forecasts and Analysis - By Technology
12.1.7 North America Foam Tapes Market Forecasts and Analysis - By End use industry
12.1.8 North America Foam Tapes Market Forecasts and Analysis - By Countries
12.1.8.1 Canada Foam Tapes Market
12.1.8.1.1 Canada Foam Tapes Market by Resin Type
12.1.8.1.2 Canada Foam Tapes Market by Foam Type
12.1.8.1.3 Canada Foam Tapes Market by Backing Material Type
12.1.8.1.4 Canada Foam Tapes Market by Technology
12.1.8.1.5 Canada Foam Tapes Market by End use industry
12.1.8.2 Mexico Foam Tapes Market
12.1.8.2.1 Mexico Foam Tapes Market by Resin Type
12.1.8.2.2 Mexico Foam Tapes Market by Foam Type
12.1.8.2.3 Mexico Foam Tapes Market by Backing Material Type
12.1.8.2.4 Mexico Foam Tapes Market by Technology
12.1.8.2.5 Mexico Foam Tapes Market by End use industry
12.1.8.3 US Foam Tapes Market
12.1.8.3.1 US Foam Tapes Market by Resin Type
12.1.8.3.2 US Foam Tapes Market by Foam Type
12.1.8.3.3 US Foam Tapes Market by Backing Material Type
12.1.8.3.4 US Foam Tapes Market by Technology
12.1.8.3.5 US Foam Tapes Market by End use industry
12.2. EUROPE
12.2.1 Europe Foam Tapes Market Overview
12.2.2 Europe Foam Tapes Market Forecasts and Analysis
12.2.3 Europe Foam Tapes Market Forecasts and Analysis - By Resin Type
12.2.4 Europe Foam Tapes Market Forecasts and Analysis - By Foam Type
12.2.5 Europe Foam Tapes Market Forecasts and Analysis - By Backing Material Type
12.2.6 Europe Foam Tapes Market Forecasts and Analysis - By Technology
12.2.7 Europe Foam Tapes Market Forecasts and Analysis - By End use industry
12.2.8 Europe Foam Tapes Market Forecasts and Analysis - By Countries
12.2.8.1 Germany Foam Tapes Market
12.2.8.1.1 Germany Foam Tapes Market by Resin Type
12.2.8.1.2 Germany Foam Tapes Market by Foam Type
12.2.8.1.3 Germany Foam Tapes Market by Backing Material Type
12.2.8.1.4 Germany Foam Tapes Market by Technology
12.2.8.1.5 Germany Foam Tapes Market by End use industry
12.2.8.2 France Foam Tapes Market
12.2.8.2.1 France Foam Tapes Market by Resin Type
12.2.8.2.2 France Foam Tapes Market by Foam Type
12.2.8.2.3 France Foam Tapes Market by Backing Material Type
12.2.8.2.4 France Foam Tapes Market by Technology
12.2.8.2.5 France Foam Tapes Market by End use industry
12.2.8.3 Italy Foam Tapes Market
12.2.8.3.1 Italy Foam Tapes Market by Resin Type
12.2.8.3.2 Italy Foam Tapes Market by Foam Type
12.2.8.3.3 Italy Foam Tapes Market by Backing Material Type
12.2.8.3.4 Italy Foam Tapes Market by Technology
12.2.8.3.5 Italy Foam Tapes Market by End use industry
12.2.8.4 United Kingdom Foam Tapes Market
12.2.8.4.1 United Kingdom Foam Tapes Market by Resin Type
12.2.8.4.2 United Kingdom Foam Tapes Market by Foam Type
12.2.8.4.3 United Kingdom Foam Tapes Market by Backing Material Type
12.2.8.4.4 United Kingdom Foam Tapes Market by Technology
12.2.8.4.5 United Kingdom Foam Tapes Market by End use industry
12.2.8.5 Russia Foam Tapes Market
12.2.8.5.1 Russia Foam Tapes Market by Resin Type
12.2.8.5.2 Russia Foam Tapes Market by Foam Type
12.2.8.5.3 Russia Foam Tapes Market by Backing Material Type
12.2.8.5.4 Russia Foam Tapes Market by Technology
12.2.8.5.5 Russia Foam Tapes Market by End use industry
12.2.8.6 Rest of Europe Foam Tapes Market
12.2.8.6.1 Rest of Europe Foam Tapes Market by Resin Type
12.2.8.6.2 Rest of Europe Foam Tapes Market by Foam Type
12.2.8.6.3 Rest of Europe Foam Tapes Market by Backing Material Type
12.2.8.6.4 Rest of Europe Foam Tapes Market by Technology
12.2.8.6.5 Rest of Europe Foam Tapes Market by End use industry
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific Foam Tapes Market Overview
12.3.2 Asia-Pacific Foam Tapes Market Forecasts and Analysis
12.3.3 Asia-Pacific Foam Tapes Market Forecasts and Analysis - By Resin Type
12.3.4 Asia-Pacific Foam Tapes Market Forecasts and Analysis - By Foam Type
12.3.5 Asia-Pacific Foam Tapes Market Forecasts and Analysis - By Backing Material Type
12.3.6 Asia-Pacific Foam Tapes Market Forecasts and Analysis - By Technology
12.3.7 Asia-Pacific Foam Tapes Market Forecasts and Analysis - By End use industry
12.3.8 Asia-Pacific Foam Tapes Market Forecasts and Analysis - By Countries
12.3.8.1 Australia Foam Tapes Market
12.3.8.1.1 Australia Foam Tapes Market by Resin Type
12.3.8.1.2 Australia Foam Tapes Market by Foam Type
12.3.8.1.3 Australia Foam Tapes Market by Backing Material Type
12.3.8.1.4 Australia Foam Tapes Market by Technology
12.3.8.1.5 Australia Foam Tapes Market by End use industry
12.3.8.2 China Foam Tapes Market
12.3.8.2.1 China Foam Tapes Market by Resin Type
12.3.8.2.2 China Foam Tapes Market by Foam Type
12.3.8.2.3 China Foam Tapes Market by Backing Material Type
12.3.8.2.4 China Foam Tapes Market by Technology
12.3.8.2.5 China Foam Tapes Market by End use industry
12.3.8.3 India Foam Tapes Market
12.3.8.3.1 India Foam Tapes Market by Resin Type
12.3.8.3.2 India Foam Tapes Market by Foam Type
12.3.8.3.3 India Foam Tapes Market by Backing Material Type
12.3.8.3.4 India Foam Tapes Market by Technology
12.3.8.3.5 India Foam Tapes Market by End use industry
12.3.8.4 Japan Foam Tapes Market
12.3.8.4.1 Japan Foam Tapes Market by Resin Type
12.3.8.4.2 Japan Foam Tapes Market by Foam Type
12.3.8.4.3 Japan Foam Tapes Market by Backing Material Type
12.3.8.4.4 Japan Foam Tapes Market by Technology
12.3.8.4.5 Japan Foam Tapes Market by End use industry
12.3.8.5 South Korea Foam Tapes Market
12.3.8.5.1 South Korea Foam Tapes Market by Resin Type
12.3.8.5.2 South Korea Foam Tapes Market by Foam Type
12.3.8.5.3 South Korea Foam Tapes Market by Backing Material Type
12.3.8.5.4 South Korea Foam Tapes Market by Technology
12.3.8.5.5 South Korea Foam Tapes Market by End use industry
12.3.8.6 Rest of Asia-Pacific Foam Tapes Market
12.3.8.6.1 Rest of Asia-Pacific Foam Tapes Market by Resin Type
12.3.8.6.2 Rest of Asia-Pacific Foam Tapes Market by Foam Type
12.3.8.6.3 Rest of Asia-Pacific Foam Tapes Market by Backing Material Type
12.3.8.6.4 Rest of Asia-Pacific Foam Tapes Market by Technology
12.3.8.6.5 Rest of Asia-Pacific Foam Tapes Market by End use industry
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa Foam Tapes Market Overview
12.4.2 Middle East and Africa Foam Tapes Market Forecasts and Analysis
12.4.3 Middle East and Africa Foam Tapes Market Forecasts and Analysis - By Resin Type
12.4.4 Middle East and Africa Foam Tapes Market Forecasts and Analysis - By Foam Type
12.4.5 Middle East and Africa Foam Tapes Market Forecasts and Analysis - By Backing Material Type
12.4.6 Middle East and Africa Foam Tapes Market Forecasts and Analysis - By Technology
12.4.7 Middle East and Africa Foam Tapes Market Forecasts and Analysis - By End use industry
12.4.8 Middle East and Africa Foam Tapes Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa Foam Tapes Market
12.4.8.1.1 South Africa Foam Tapes Market by Resin Type
12.4.8.1.2 South Africa Foam Tapes Market by Foam Type
12.4.8.1.3 South Africa Foam Tapes Market by Backing Material Type
12.4.8.1.4 South Africa Foam Tapes Market by Technology
12.4.8.1.5 South Africa Foam Tapes Market by End use industry
12.4.8.2 Saudi Arabia Foam Tapes Market
12.4.8.2.1 Saudi Arabia Foam Tapes Market by Resin Type
12.4.8.2.2 Saudi Arabia Foam Tapes Market by Foam Type
12.4.8.2.3 Saudi Arabia Foam Tapes Market by Backing Material Type
12.4.8.2.4 Saudi Arabia Foam Tapes Market by Technology
12.4.8.2.5 Saudi Arabia Foam Tapes Market by End use industry
12.4.8.3 U.A.E Foam Tapes Market
12.4.8.3.1 U.A.E Foam Tapes Market by Resin Type
12.4.8.3.2 U.A.E Foam Tapes Market by Foam Type
12.4.8.3.3 U.A.E Foam Tapes Market by Backing Material Type
12.4.8.3.4 U.A.E Foam Tapes Market by Technology
12.4.8.3.5 U.A.E Foam Tapes Market by End use industry
12.4.8.4 Rest of Middle East and Africa Foam Tapes Market
12.4.8.4.1 Rest of Middle East and Africa Foam Tapes Market by Resin Type
12.4.8.4.2 Rest of Middle East and Africa Foam Tapes Market by Foam Type
12.4.8.4.3 Rest of Middle East and Africa Foam Tapes Market by Backing Material Type
12.4.8.4.4 Rest of Middle East and Africa Foam Tapes Market by Technology
12.4.8.4.5 Rest of Middle East and Africa Foam Tapes Market by End use industry
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America Foam Tapes Market Overview
12.5.2 South and Central America Foam Tapes Market Forecasts and Analysis
12.5.3 South and Central America Foam Tapes Market Forecasts and Analysis - By Resin Type
12.5.4 South and Central America Foam Tapes Market Forecasts and Analysis - By Foam Type
12.5.5 South and Central America Foam Tapes Market Forecasts and Analysis - By Backing Material Type
12.5.6 South and Central America Foam Tapes Market Forecasts and Analysis - By Technology
12.5.7 South and Central America Foam Tapes Market Forecasts and Analysis - By End use industry
12.5.8 South and Central America Foam Tapes Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil Foam Tapes Market
12.5.8.1.1 Brazil Foam Tapes Market by Resin Type
12.5.8.1.2 Brazil Foam Tapes Market by Foam Type
12.5.8.1.3 Brazil Foam Tapes Market by Backing Material Type
12.5.8.1.4 Brazil Foam Tapes Market by Technology
12.5.8.1.5 Brazil Foam Tapes Market by End use industry
12.5.8.2 Argentina Foam Tapes Market
12.5.8.2.1 Argentina Foam Tapes Market by Resin Type
12.5.8.2.2 Argentina Foam Tapes Market by Foam Type
12.5.8.2.3 Argentina Foam Tapes Market by Backing Material Type
12.5.8.2.4 Argentina Foam Tapes Market by Technology
12.5.8.2.5 Argentina Foam Tapes Market by End use industry
12.5.8.3 Rest of South and Central America Foam Tapes Market
12.5.8.3.1 Rest of South and Central America Foam Tapes Market by Resin Type
12.5.8.3.2 Rest of South and Central America Foam Tapes Market by Foam Type
12.5.8.3.3 Rest of South and Central America Foam Tapes Market by Backing Material Type
12.5.8.3.4 Rest of South and Central America Foam Tapes Market by Technology
12.5.8.3.5 Rest of South and Central America Foam Tapes Market by End use industry
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. FOAM TAPES MARKET, KEY COMPANY PROFILES
14.1. 3M COMPANY
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. AVERY DENNISON CORPORATION
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. HALCO
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. INTERTAPE POLYMER GROUP, INC.
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. LAMATEK, INC.
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. LINTEC CORPORATION
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. NITTO DENKO CORPORATION
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. SCAPA GROUP PLC
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. SEAL KING IND CO., LTD.
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. TESA SE
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
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- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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