Double Sided Tape Market Forecast to 2028 COVID-19 Impact and Global Analysis – The Insight Partners.
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.
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.
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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.
Impact of COVID-19 Pandemic on Double Sided Tape Market
The COVID-19 outbreak has adversely affected economies and industries in various countries due to lockdowns, travel restrictions, 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. This has negatively impacted the double sided tapes market demand owing to the shutdown of manufacturing activities across the globe. However, with the beginning of the vaccination drive and many countries resuming their manufacturing activities, demand for double sided tapes is expected to grow during the forecast period.
Double Sided Tape Market Breakdown – by region, 2020
Ø Double Sided Tape Market, by Resin Type
Acrylic
Rubber
Silicone
Others
Ø Double Sided Tape Market, by Backing Material
Foam
Film
Paper
Others
Ø Double Sided Tape Market, by End Use
Health Care
Building and Construction
Automotive
Consumer Goods
Others
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Ø Double Sided Tape Market, by Geography
o North America
US
Canada
Mexico
o Europe
Germany
France
UK
Italy
Rest of Europe
o Asia Pacific (APAC)
Australia
China
India
Japan
South Korea
Australia
Rest of Asia Pacific
o Middle East and Africa (MEA)
South Africa
Saudi Arabia
UAE
Rest of Middle East and Africa
o South America
Brazil
Argentina
Rest of South America
Reason To Buy: -
- 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.
List of Companies- Global 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
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