Double-sided Tapes Market to Expand with Significant CAGR During 2026
A
double-sided tape is a type of pressure-sensitive adhesive tape that
has adhesive applied on both sides. Double-sided tapes are used for
binding two surfaces together. Double-sided tapes are known to
produce robust bonding even on difficult surfaces and provide a
smooth finish after bonding.
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Global
Double-sided Tapes Market: Key Segments
In
terms of resin type, the global double-sided tapes market can be
segmented into acrylic, rubber, silicone, and others. The others
segment includes polyurethanes and EVA (ethylene vinyl acetate).
Silicone is anticipated to be the rapidly expanding segment of the
double-sided tapes market during the forecast period, due to its
superior adhesion over a wide range of temperatures. Based on
technology, the global double-sided tapes market can be divided into
solvent-based, water-based, and hot melt. Hot melt is expected to be
the rapidly expanding technology segment of the double-sided tapes
market. In terms of carrier material, the global double-sided tapes
market can be segmented into foam, film, paper, unsupported, and
others. Out of these carrier materials, paper is anticipated to be
the rapidly expanding segment during the forecast period. Based on
application, the global double-sided tapes market can be classified
into automotive, building & construction, electrical &
electronics, paper & printing, and others. Double-sided tapes are
also used by common people for DIY projects.
Global
Double-sided Tapes Market: Trends & Developments
The
global double-sided tapes market is expanding rapidly, due to rise in
the demand from end-user industries. The demand is increasing in Asia
Pacific, particularly. The global double-sided tapes market can be
attributed to growth of economies such as China, India, and
Indonesia. The growth of end-user industries in the region such as
automotive, electrical & electronics, and paper & printing
has promoted growth of the market for double-sided tapes in Asia
Pacific. Moreover, countries in Asia Pacific are emerging as new
manufacturing bases for several industries across the world. With
advancements in technology and growing population in this region, the
global double-sided tapes market in Asia Pacific is estimated to
expand at a rapid rate during the forecast period.
Global
Double-sided Tapes Market: Regional Outlook
North
America is the leading consumer of double-sided tapes. The global
double-sided tapes market can be attributed to growth of automotive
and electrical & electronics industries in the region. Europe is
another significant consumer of double-sided tapes. The global
double-sided tapes market in the region is likely to witness growth
at a moderate pace during the forecast period. Asia Pacific is
projected to be the rapidly expanding global double-sided tapes
market between 2018 and 2026. Latin America and Middle East &
Africa are relatively small global double-sided tapes market, but
these regions are expected to witness high increase in the demand for
double-sided tapes in the next few years.
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Global
Double-sided Tapes Market: Key Players
Some
of the key players operating in the global double-sided tapes market
are 3M Company (the U.S.), Nitto Denko Corporation (Japan), Tesa SE
(Germany), Lintec Corporation (Japan), Intertape Polymer Group, Inc.
(Canada), Avery Dennison Corporation (the U.S.), Shurtape
Technologies, LLC (the U.S.), and Scapa Group Plc (the U.K.).
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