Global Double Faced Adhesive Tape Market Size By Product (Thin Double Coated Tapes, & Thin Transfer Tapes), By Application (Daily Commodities, Automotive, Paper & Printing), By Geographic Scope And Forecast
Published on: 2024-08-03 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Double Faced Adhesive Tape Market Size By Product (Thin Double Coated Tapes, & Thin Transfer Tapes), By Application (Daily Commodities, Automotive, Paper & Printing), By Geographic Scope And Forecast
Double Faced Adhesive Tape Market Size And Forecast
Double Faced Adhesive Tape Market size was valued at USD 13.97 Billion in 2023 and is projected to reach USD 22.6 Billion by 2031, growing at a CAGR of 6.20% from 2024 to 2031.
- Double-faced adhesive tape, also known as double-sided tape or double-coated tape, is a form of tape with an adhesive coating on both sides. This enables it to adhere to two surfaces simultaneously. Double faced adhesive tape is often made of a thin carrier material, such as paper, plastic film, or foam, with adhesive placed on both sides. It is widely used to mount things, glue materials together, and do other tasks that require a strong, permanent bond between two surfaces.
- Double faced tape has adhesive on both sides and is a type of pressure-sensitive adhesive tape. Two surfaces are taped together with double faced tape. Even on difficult surfaces, double-sided tapes have been shown to offer robust bonding. After bonding, they provide a smooth finish.
- Double faced tapes can be used to fasten, acoustically dampen, thermally insulate, fill gaps, and provide thermal insulation. Various pressure-sensitive adhesives are applied to these tapes. These tapes are also available in a range of thicknesses. The double faced tapes have a number of performance benefits, including shock absorption, vibration dampening, and uneven surface adjustment. Replace mechanical fasteners, minimize training needs, reduce injury risk, eliminate rattling, support thermal expansion and contraction, and produce clean and smooth tape.
Global Double Faced Adhesive Tape Market Dynamics
The key market dynamics that are shaping the double faced adhesive tape market include
Key Market Drivers
- Rising Demand from the Packaging Industry Double faced tapes are increasingly being utilized in the packaging industry to seal boxes, bundle products, and create tamper-proof packaging. The increasing demand for e-commerce, as well as the necessity for efficient and secure packing, are boosting the use of double-sided tapes in this industry.
- Growth in the Medical Sector Double-faced tapes are utilized in a wide range of medical applications, including wound closure, catheter securement, and device assembly. The increased desire for minimally invasive surgeries, combined with an older population, is likely to drive the use of double-sided tapes in the medical industry.
- Rising Adoption in the Building and Construction IndustryDouble faced tapes are becoming increasingly popular in the building and construction industries for applications such as bonding panels, attaching windows, and increasing signage. The increasing demand for faster building timelines and better aesthetics is boosting the use of double-sided tapes in this industry.
- High Demand for Electronics Double faced tape is an essential component in the electronics industry, used to assemble gadgets, mount components, and secure connections. The shrinking trend in electrical gadgets is driving demand for progressively smaller and more dependable double faced tape.
Key Challenges
- Competition from Alternative Bonding Methods Double faced adhesive tapes compete with other bonding technologies such as mechanical fasteners (e.g., screws, bolts) and liquid adhesives. Convincing companies to adopt double-faced adhesive tapes over traditional ways can be difficult, especially in industries where traditional methods are strongly ingrained.
- Environmental Regulations and Sustainability Environmental concerns have led to increased scrutiny of adhesive goods, especially double faced sticky tapes. Changes in regulations governing the use of specific chemicals or backing materials can have an impact on the formulation and manufacturing processes for these tapes. Additionally, producers face a problem in satisfying the increased demand for eco-friendly and sustainable adhesive solutions while keeping performance criteria.
- Concerns about Quality and Performance Double faced adhesive tapes must maintain consistent quality and performance across many applications and environments. Any discrepancy or failure in bonding performance may result in consumer discontent and harm the product’s reputation. Maintaining strong quality control standards is essential but it can be difficult, especially with tapes used in a variety of applications.
- Rising Raw Material Costs The price of raw materials such as acrylic adhesives is subject to swings due to supply chain interruptions, geopolitical instability, and variations in energy prices. This may reduce the profit margins of double faced sticky tape makers.
Key Trends
- Growing Demand in Emerging MarketsDemand for double faced adhesive tapes is expanding in emerging markets such as Asia-Pacific, Latin America, and the Middle East as a result of fast industrialization, urbanization, and infrastructure development. Manufacturers are increasing their presence in these markets and adapting their product offerings to take advantage of the growing potential.
- E-commerce and Direct-to-Consumer Sales The proliferation of e-commerce platforms, as well as the rise of direct-to-consumer sales channels, are redefining the double faced adhesive tape distribution environment. Manufacturers are investing in online sales platforms, digital marketing, and e-commerce skills to expand their customer base and increase market penetration.
- Environmentally Friendly Solutions Environmental sustainability is a primary driver behind the creation of eco-friendly double faced adhesive tapes. Manufacturers are increasingly employing bio-based adhesives, recyclable backing materials, and solvent-free formulations to reduce environmental impact while meeting the increased need for long-lasting adhesive solutions.
- Miniaturization and Lightweight Solutions With rising demand for miniaturization and lightweight products in industries such as electronics, automotive, and aerospace, there is a growing preference for thinner and lighter double faced adhesive tapes. These tapes provide great bonding strength while reducing weight and space requirements, making them appropriate for contemporary design trends.
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Global Double Faced Adhesive Tape Market Regional Analysis
Here is a more detailed regional analysis of the global double faced adhesive tape market
North America
- The US market for double faced adhesive tape is expected to increase significantly, with predictions indicating a total market value of approximately USD 3.3 Billion by 2033. This expansion is anticipated to be fueled by a consistent increase in sales at a compound annual growth rate (CAGR) of 4.2% between 2023 and 2033.
- Several reasons contribute to the United States’ dominant position in this sector. The United States has a well-developed manufacturing sector, particularly in adhesives and tapes. This solid basis comprises established manufacturers who have a track record of creating high-quality double-sided tapes.
- The United States is well-known for its devotion to R&D. This focus on innovation has resulted in major improvements in adhesive materials and manufacturing techniques. These developments enable US companies to provide superior double faced tapes that meet the changing needs of consumers.
- Lastly, the numerous applications of double faced tapes in various sectors drive market expansion. The United States has a strong economy with growing industries such as automotive, electronics, and construction, all of which rely significantly on double faced tapes for a variety of important applications.
Asia Pacific
- Asia-Pacific is predicted to dominate the global market due to China’s highly developed construction sector and the region’s ongoing investments to improve the architectural sector in recent years.
- The expanding construction sector, driven by population growth and rising middle-class incomes in Asia-Pacific, is boosting demand for architectural constructions in recent years. In recent years, China, India, and Singapore’s residential construction sectors have grown significantly.
- According to Singapore’s Ministry of Trade and Industry (MTI), the construction industry grew by 2.5% in 2019, compared to the previous year. Thereby, driving up the use of double-sided tapes in Asia Pacific.
- The need for double faced tape is expanding across Asia-Pacific’s main markets, such as the automotive and electronics industries.
- Manufacturers have recently increased their use of double-sided tapes in motherboards, cameras, internal parts, and automotive dashboards.
Global Double Faced Adhesive Tape Market Segmentation Analysis
The Global Double Faced Adhesive Tape Market is segmented on the basis of Sensor Type, and Application And Geography.
Double Faced Adhesive Tape Market, By Type
- Thin Double Coated Tapes
- Thin Transfer Tapes
- Foam Tapes
- Fastening Material
Based on Component, the market is bifurcated into Thin Double Coated Tapes, Thin Transfer Tapes, Foam Tapes and Fastening Material. The market for double-sided adhesive tape includes a wide range of product kinds to meet a number of needs. Thin double coated tapes form strong connections while maintaining a low profile, making them excellent for electronics and construction. Thin transfer tapes provide accurate adhesive placement for printing and assembly applications. Foam tapes, which combine stickiness, cushioning, and stress absorption, are useful for mounting signs and mirrors.
Finally, fastening materials provide a strong alternative to traditional screws and rivets in demanding applications in the automotive, aerospace, and construction industries.
Double Faced Adhesive Tape Market, By Application
- Daily Commodities
- Automotive
- Paper & Printing
- Electronics
- Medical Device
- Construction
- Appliances
Based on Application, the market is bifurcated into Daily Commodities, Automotive, Paper & Printing, Electronics, Medical Device, Construction and Appliances. Double faced adhesive tape has a wide range of applications, from everyday use in stationery and home improvement to critical roles in industries such as automotive (attaching trims and emblems), paper and printing (splicing paper rolls), electronics (mounting components), medical devices (assembling equipment), construction (mounting signs), and appliance manufacturing. Each industry’s individual criteria, such as bond strength, temperature tolerance, and flexibility, influence the choice of the best tape for the job.
Double Faced Adhesive Tape Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
On the basis of Geography, the Global Double Faced Adhesive Tape Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America accounted for the largest market share of double faced adhesive tape followed by Europe. Growing demand for effective emergency care and increasing adoption of mobile surgery centers are anticipated to drive the industry during the forecast period.
Key Players
The “Global Double Faced Adhesive Tape Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are M Company, Intertape Polymer Group, Inc., Lintec Corporation, Tesa SE, Nitto Denko Corporation, Avery Dennison Corporation, Lohmann GmbH & Co. KG, Scapa Group plc, Saint-Gobain Performance Plastics, Shurtape Technologies, and LLC. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Double Faced Adhesive Tape Market Recent Developments
- In July 2020, Shurtape Technologies, LLC has added T-Rex® Double faced Superglue Tape to its lineup of high-performance tapes.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2020-2031 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2020-2022 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | 3M Company, Intertape Polymer Group Inc, Lintec Corporation, tesa SE, Nitto Denko Corporation, Avery Dennison Corporation, Lohmann GmbH & Co. KG, Scapa Group plc, Saint-Gobain Performance Plastics, Shurtape Technologies, LLC. |
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