Double Sided Tape Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Resin Type (Acrylic, Rubber, Silicone, and Others), Backing Material (Foam, Film, Paper, and Others), and End-Use (Health Care, Building and Construction, Automotive, Consumer Goods, and Others)
Publication Month: Apr 2021 | Report Code: TIPRE00021438 | No. of Pages: 164 | Category: Chemicals and Materials | Status: Published
The double sided tape market was valued at US$ 9,963.74 million in 2020 and is projected to reach US$ 15,028.98 million by 2028; it is expected to grow at a CAGR of 5.4% from 2020 to 2028.
A double-sided tape is any pressure-sensitive tape coated with an adhesive layer on both of its sides. As these tapes can stick two surfaces together, they are being used in a wide range of applications. They are used for fixing and bonding in many manufacturing industries, such as automotive, healthcare, and building and construction. Using double sided tapes is a better option than screws and rivets as the surface tension is spread evenly across the surface.
The COVID-19 outbreak has adversely affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The chemical & materials industry is one of the significant industries suffering severe disruptions such as supply chain breaks, technology events cancellations, and office shutdowns. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia-Pacific, South America, and the Middle East, and Africa has restricted the global supply chain and hindered the manufacturing activities, delivery schedules, and various chemicals and materials sales. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition, the global travel bans imposed by countries in Europe, Asia, and North America are hampering the business collaborations and partnerships opportunities. All these factors are affecting the chemical & materials industry in a negative manner, which is restraining the growth of various markets related to this industry.
Market Insights
Wide Range of Applications of Double Sided Tape
Double-sided tape is a pressure-sensitive tape coated with an adhesive on both sides and are used for fixing and bonding in many manufacturing industries, such as automotive, healthcare, and building and construction. Using double sided tapes is a better option than screws and rivets as the surface tension is spread evenly across the surface.
A double-sided tape is any pressure-sensitive tape coated with an adhesive layer on both of its sides. As these tapes can stick two surfaces together, they are being used in a wide range of applications. The viscous, liquid like adhesive on these tapes adheres to a surface upon applying pressure. The adhesive flows onto the surface and helps two hold two substrates intact. Double-sided tapes have major applications in paper & printing, electrical & electronics, packaging, and automotive industries. The growth of the market is mainly attributed to the widespread use of double-sided tapes in automotive applications such as emblem & nameplates, plate panels, roof molding, rocker panel/cladding, side mirrors, and rear spoilers. Moreover, these tapes are widely utilized in car exteriors, which include door cladding, seals and spoiler, and parking sensor retainers. Superior characteristics of these tapes such as vibration and noise reduction, are anticipated to boost the demand for double-sided tapes in automotive applications.
Double-sided tapes are extensively used during the production of paper. They offer continuity in running the paper machines, calendars, sheeters, and coaters, which benefits in certain integral tasks, such as reel closing, core starting, and splicing, throughout the paper's manufacturing process. The demand for double sided tapes in the paper & printing industry mainly comes from digital printing and retail industries.
Resin Type Insights
Based on resin type, the double sided tape market is segmented into acrylic, rubber, silicone, and others. The silicone segment held the largest share of the market in 2020. Silicone adhesive tape is a flexible, waterproof, and non-woven material with a unique silicone adhesive. It is fungus resistant and can fight ozone and ultraviolet radiation in outdoor environments. They are also solvent resistant and exhibit high shear and peel strengths. Moreover, these adhesives are comparatively expensive and have less initial tack but can survive in higher temperatures than both acrylic and rubber adhesives.
Factors such as increasing geriatric population, growing prevalence of chronic diseases, and surging population are augmenting the global medical industry, which is driving the growth of the double sided tape market for silicone segment. Also, several factors such as government support, rapid economic growth, and availability of raw materials and inexpensive labor are propelling the market for silicone adhesive tapes segment worldwide.
Double Sided Tape Market, by Resin Type– 2020 and 2028
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Strategic Insights
A few key market players operating in the double sided tape market are 3M; Nitto Denko Corporation; Tesa SE; Intertape Polymer Group; Shurtape Technologies, LLC; Scapa; Guangzhou Broadya Adhesive Products Co., Ltd.; Lohmann GmbH & Co.KG; LINTEC Corporation; and Avery Dennison Corporation. Major players in the market are adopting strategies such as mergers and acquisitions, and product launches to expand their geographical presence and consumer base globally.
Report Spotlights
- Progressive industry trends in the double sided tape market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the double sided tape market from 2018 to 2028
- Estimation of the demand for double sided tape across various industries
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
- Recent developments to understand the competitive market scenario and the demand for double sided tape
- Market trends and outlook coupled with factors driving and restraining the growth of the double sided tape market
- Decision-making process by understanding strategies that underpin commercial interest with regard to double sided tape market growth
- Double sided tape market size at various nodes of market
- Detailed overview and segmentation of the double sided tape market as well as its dynamics in the industry
- Double sided tape market size in various regions with promising growth opportunities
Double Sided Tape Market, by Resin Type
- Acrylic
- Rubber
- Silicone
- Others
Double Sided Tape Market, by Backing Material
- Foam
- Film
- Paper
- Others
Double Sided Tape Market, by End Use
- Health Care
- Building and Construction
- Automotive
- Consumer Goods
- Others
Company Profiles
- 3M
- Nitto Denko Corporation
- Tesa SE
- Intertape Polymer Group
- Shurtape Technologies, LLC
- Scapa
- Guangzhou Broadya Adhesive Products Co., Ltd.
- Lohmann GmbH & Co.KG
- LINTEC Corporation
- Avery Dennison Corporation
Frequently Asked Questions
The List of Companies - Double-Sided Tape Market
- 3M
- Nitto Denko Corporation
- Tesa SE
- Intertape Polymer Group
- Shurtape Technologies, LLC
- Scapa
- Guangzhou Broadya Adhesive Products Co., Ltd.
- Lohmann GmbH & Co.KG
- LINTEC Corporation
- Avery Dennison Corporation
- Highlights key business priorities to assist companies realign their business strategies.
- Features key findings and crucial progressive industry trends in the global double sided tapes market, thereby allowing players to develop effective long-term strategies.
- Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.
- Scrutinizes in-depth market trends as well as key market drivers and restraints.
- Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
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