The global double sided tape market is forecast to reach USD 16.14 Billion by 2026, according to a new report by Reports and Data. The increasing demand for double sided tapes in various industries, such as construction, packaging, and others boosts the market demand. The growing demand for high-strength double-sided tape will also contribute to the growth of the market.
Double-sided foam tapes are used for permanent or temporary fastening, acoustic dampening, packaging, thermal insulation, and gap filling. They are made of open-cell or closed-cell materials, coated with different types of pressure-sensitive adhesives (PSAs), and are available in a variety of thicknesses. The performance properties of double-sided tapes include vibration dampening, compensation for uneven surfaces, shock absorption, and thermal sealing between substrates at different temperatures. They can also be used as seals to prevent the passage of moisture, gases, air, and humidity.
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Key participants include 3M Company, Lintec Corporation, Shurtape Technologies, LLC, Lohmann GmbH & Co. Kg, Avery Dennison Corporation, Nichiban Co. Ltd., Nitto Denko Corporation, TESA SE, Intertape Polymer Group, Inc., Toyochem Co. Ltd, Scapa Group Plc, Industrias Tuk, Mactac, LLC, Saint-Gobain Performance Plastics, Atp Adhesive Systems AG, Ajit Industries, and Toyochem Co. Ltd, among others.
Further key findings from the report suggest
- Among the technology, the hot-melt accounts for the largest market share of ~43% in the year 2018. The segment is forecasted to grow with a CAGR of 7.0% during the forecast period. Hot-melt adhesive tapes form a lasting and robust bond, well-suited to applications that need a long-lasting adhesive. Humidity, moisture, and other environmental conditions have minimal effect on the durability of the bond. This makes the adhesives appropriate for outdoor repairs, or crafts intended to be exposed to water. Moreover, these adhesive tapes have minimal waste and are made of extremely safe compounds.
- The acrylic adhesive tapes account for the largest market share of ~32% in the year 2018. Acrylic adhesive tapes are used for a wide range of substrates. They provide durability, transmittance, UV resistance, and reasonable temperature resistance. Acrylic adhesive tapes are mainly for sealing, bonding, or surface protection applications.
- The silicone adhesive tapes are forecasted to grow with the CAGR of 6.7% during the forecast period. Silicones adhesive tapes provide temperature cycling resistance, flexibility, chemical resistance, and a wide range of possible material properties. Silicone adhesive tapes are significantly more expensive as compared to other adhesive tapes, but due to their excellent high-temperature performance, these tapes are ideal for splicing tapes, masking tapes, and polyimide tapes.
- The Asia Pacific region held the largest market share of ~27% in the year 2018 and is anticipated to witness the highest CAGR of 7.1% during the forecast period. The growth of the market in Asia Pacific is attributed to the economic growth in China, Japan, India, South-Korea, and rest of Asia-Pacific. The availability of cheap labor and raw materials, low taxes, and less stringent environmental regulations in the region will also drive the growth of the market.
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Adhesive Type Outlook (Volume, Kilo Tons and Revenue, USD Million; 2016-2026)
- Silicone
- Rubber
- Acrylic
- Others
Technology Outlook (Volume, Kilo Tons and Revenue, USD Million; 2016-2026)
- Solvent-based
- Water-based
- Hot-Melt
Product Type Outlook (Volume, Kilo Tons and Revenue, USD Million; 2016-2026)
- Double Sided Foam Tape
- Double Sided Film Tape
- Double Sided Tissue Tape
- Others
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Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of the Double Sided Tape Market Market
– Changes in industry market dynamics
– Detailed market segmentation by type, application, etc.
– Historical, current and projected market size in terms of quantity and value
– Recent industry trends and developments
– Competition situation of Double Sided Tape Market Market
– Key companies and product strategies
– Potential niche segment/region showing promising growth.
Finally, the Double Sided Tape Market Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.
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