According to Stratistics MRC, the Global Double Sided Tape market is accounted for $8.12 billion in 2017 and is expected to reach $16.25 billion by 2026 growing at a CAGR of 8.0% during the forecast period.
Gaithersburg, MD, US – July 13, 2018 —
Growing requirement for PE foam backed double sided tapes and acrylic and rising usage of double sided tapes in various sectors are some of the key driving factors for the market growth. However, advanced costs of double sided tape raw materials & end Products and execution of strict regulatory rules are some of the factors hindering the market growth. One of the major opportunities in the market is rising demand for acrylic foam backed tapes in the automotive application.
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Double Sided tapes are created by applying a thin glue layer to each side of a substrate material. These tapes are pressure-sensitive tapes that are coated with glue on both sides. These tapes are generally used by industries such as building & construction, automotive and electrical & electronics for holding, splicing, mounting, bonding and other purposes. Most glue tapes are manufactured in log form, such as a large 1 to 3 meter wide roll, and then a glue tape converter is used to cut the rolls into the required widths.
Amongst technology, hot-melt segment accounted for the largest market share in the global market owing to benefit of high strength and instant bond, which makes them perfect for a various applications. In addition using this technology includes excellent bond, fast processing, ease of use and quick set.
By geography, Asia Pacific region is the fastest growing market due to growing demand for double sided tapes from automotive, building & construction, paper & printings, and electrical & electronics from countries such as India, China and South Korea.
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Some of the key players profiled in the Double Sided Tape Market include Shurtape Technologies, LLC., Lintec Corporation, Avery Dennison Corporation, Lohmann GmbH & Co. Kg, Nitto Denko Corporation, Nichiban Co. Ltd., 3M Company, Intertape Polymer Group, Inc., TESA SE, Scapa Group Plc, Toyochem Co. Ltd, Mactac, LLC, Industrias Tuk, S.A. De C.V., Saint-Gobain Performance Plastics and Tape-Rite Co. Inc.
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Backing Materials Covered:
• Fastening Material
• Other Backing Materials
Resin Types Covered:
• Other Resin Types
End Users Covered:
• Paper & Printing
• Electrical & Electronics
• Building & Construction
• Other End-Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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– Strategic recommendations for the new entrants
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