IMARC Group’s latest report, titled “Double Sided Tape Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the global double sided tape market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global double sided tape market size reached US$ 10.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 14.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.60% during 2023-2028.
Double Sided Tape Market Overview:
Double-sided tape is a versatile adhesive product designed with adhesive on both sides, facilitating the bonding of two surfaces. It typically features a thin, flexible backing with adhesive on each face. This type of tape eliminates the need for traditional fasteners like nails or screws, offering a clean and inconspicuous bonding solution. Double-sided tape finds applications in various industries, from crafting and office use to industrial and construction settings. It adheres strongly to surfaces, creating a reliable bond and discreet appearance. This tape is commonly used for mounting, securing objects, and joining materials where a strong yet visually unobtrusive bond is essential.
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Who are the key Players Operating in the Industry? :
- 3M Company
- Advance Tapes International
- Avery Dennison Corporation
- Berry Global Inc
- Guangzhou Broadya Adhesive Products Co.
- Intertape Polymer Group Inc
- Lintec Corporation
- Lohmann GmbH Co. Kg
- Nichiban Co. Ltd.
- Nitto Denko Corporation
- Scapa Group Plc (Mativ Holding)
- Shurtape Technologies LLC
- Tesa SE (Beiersdorf AG)
Double Sided Tape Market Trends:
The global market is majorly driven by the increasing demand in the manufacturing and construction sectors. Industries utilize double-sided tape for its efficiency in bonding diverse materials, streamlining assembly processes, and contributing to structural integrity. Additionally, the growth in the automotive sector is a significant driver. Double-sided tape is pivotal in automotive manufacturing, providing a reliable and durable solution for attaching various components, reducing weight, and enhancing vehicle design flexibility. The increased adoption of double-sided tape in consumer applications, including crafting, DIY projects, and household uses, is another driving force. The tape's ease of use and versatility make it popular among consumers for mounting, fixing, and decorating tasks.
Moreover, advancements in tape technology, including innovations in adhesive formulations and backing materials, contribute to the market's growth. Manufacturers constantly develop tapes with enhanced properties such as high-temperature resistance, improved surface adhesion, and increased durability. Besides, the escalating trend toward lightweight and space-efficient solutions in industries like aerospace further amplifies the demand for double-sided tape. Its ability to provide strong bonds without adding significant weight aligns with the requirements of modern design and manufacturing practices.
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Key Market Segmentation:
Breakup by Resin Type:
- Acrylic
- Rubber
- Silicone
- Others
Breakup by Technology:
- Solvent-based
- Water-based
- Hot-Melt based
Breakup by End User:
- Automotive
- Building and Construction
- Electrical and Electronics
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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