Global Double Sided Tape Market, By Resin Type (Acrylic, Rubber, Silicone), Technology (Solvent Based, Water-Based, Hot-Melt Based), Material (Foam, Film, Paper), End User (Automotive, Electrical & Electronics, Paper and Printing, Aerospace, Medical, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa), Industry Trends and Forecast to 2029
Market Analysis and Insights of Double Sided Tape Market
The double sided tape market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market will stand tall by USD 6,350.0 million by 2029 to grow at a CAGR of 4.4% in the above-mentioned forecast period.
The double sided tape basically is basically a pressure-sensitive tape which is basically placed between the objects rather than overlaying them and it is coated with adhesive on both sides. It is not visible in the end product. These tapes are widely used in various end use industries such as automotive, electrical and electronics, paper and printing, aerospace, medical and others.
The factors such as growing demand for acrylic and PE foam backed double sided tapes, rising population and increasing usage of double sided tapes in different applications are the root cause fueling up the market growth rate. The factors expected to cushion the growth of the double sided tape market in the forecast period are the increasing demand for acrylic foam backed tapes in the automotive application and availability of raw materials and inexpensive labor. On the other hand, the factors such as the high cost of raw material and execution of strict regulatory policies are expected to impede the growth of the double sided tape market. Furthermore, the major disadvantage of the double sided tape which is high-temperature complexity in the integration of buildings might cause the adhesive to melt and lose its strength, is estimated to hinder the overall growth of the market within the above mentioned forecast period.
The development in double sided tape technology and end products are estimated to generate numerous opportunities for the market. On the flip side, the disruption in supply chain due to restrictions due to COVID-19 and less temperature resistance is projected to pose as a major challenge to the growth of the double sided tape market.
This double sided tape market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on double sided tape market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Double Sided Tape Market Scope and Market Size
The double sided tape market is segmented on the basis of the resin type, technology, material and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of resin type, the double sided tape market is segmented into acrylic, rubber, and silicone.
- Based on technology, the double sided tape market is segmented into solvent based, water-based and hot-melt based.
- On the basis of material, the double sided tape market is segmented into foam, film and paper.
- The end user segment for double sided tape market is segmented into automotive, electrical and electronics, paper and printing, aerospace, medical and others.
Double Sided Tape Market Country Level Analysis
The double sided tape market is analyzed and market size, volume information is provided by resin type, technology, material and end user as referenced above.
The countries covered in the double sided tape market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the double sided tape market owing to the increasing growth of automotive and electrical and electronics industries. Asia-Pacific on the other hand, will continue to however show lucrative growth within the forecast period owing to the advancements in technology and rising population.
The country section of the double sided tape market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Double Sided Tape Market Share Analysis
The double sided tape market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to double sided tape market.
Some of the major players operating in the double sided tape market report are 3M, Nitto Denko Corporation, tesa Tapes (India) Private Limited, Lintec Corporation, Flexcon Company, Inc., Shurtape Technologies, LLC, Yem Chio Co., Ltd., Rogers Corporation, Berry Global Inc., CCT (Coating & Converting Technologies, LLC, Adhesives Research, Inc., Afcmaterials., Enping Sanli Adhesive Co. Ltd, Godson Tapes Private Limited, Wida, Sekisui Chemical Co. Ltd., LINTEC Corporation, Ancestry, SURFACE SHIELDS, and Tape Solutions, Inc., among others.
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