17-Jun-2020 | Zion Market Research
As per analysts from Zion Market Research, the global double sided tape market was capitalized at USD 8.82 Billion in 2017 and is estimated to attain USD 14.8 Billion by 2025, progressing at a CAGR of 7.01% during the forecasted period. The double sided foam tapes are utilized for temporary or permanent fastening, packaging, acoustic dampening, gap filling, and thermal insulation. They are produced from closed-cell or open-cell materials, encapsulated with various kinds of PSAs (pressure-sensitive adhesives), and are obtainable in a range of thicknesses. The performance characteristics of double sided tapes comprise of compensation for uneven surfaces, vibration dampening, thermal sealing amid substrates at different temperatures, and shock absorption. They are also used as seals to avoid the passage of gases, air, moisture, and humidity.
Some of the key players active in the market are Avery Dennison Corporation, Tesa SE, Lintec Corporation, Nitto Denko Corporation, 3M Company, Intertape Polymer Group, Inc., Scapa Group Plc., and Shurtape Technologies, LLC.
Rising Demand From Automotive Market To Boost The Global Double Sided Tape Market
The double sided tissue tape made the biggest market share of approximately 28% in 2018 and is expected to record the highest CAGR of 4.3% throughout the estimated period. The double sided tissue tapes offer stability & conformability and are normally utilized for escalating light objects and coat plastic, textiles, and paper. Amongst the industry segments, the automotive industry summed up for the biggest market share of about 25% in the year 2018. With the rising expansions in the automotive industry, like e-mobility, car individualization, or low-VOC products, the double sided tapes are utilized in a number of purposes. Some of them are surface protection, wire harnessing, and attachment part mounting.
The global double sided tape market is categorized based on resin type, applications, backing material, technology, and region. By resin type, the market is divided into silicone, acrylic, rubber, and others (EVA and polyurethane). By technology, the market is classified into water-based, solvent-based, and hot-melt. By backing material, the market is divided into foam, film, paper/tissue, unsupported, and others (cloth, alloys, polyamide (PA), cotton, metal, non-woven, cellulose, fiberglass, and vinyl). By applications, the market is bifurcated into electrical & electronics, automotive, building & construction, paper & printing, and others (aerospace & defense, healthcare, packaging, solar energy, woodworking, wind energy, and sports).
Asia Pacific To Report The Largest Market Share In The Global Double Sided Tape Market
Based on the regional analysis, the global double sided tape market is divided into North America, Europe, Latin America, Asia Pacific, Middle East & Africa. The Asia Pacific region contributes to the major market share in the worldwide double sided tape market. This is mostly due to rising industrialization and in the budding economies of the region, particularly in India and China. The supportive administrative policies and accessibility of affordable raw materials are some other aspects that are considerably boosting the market growth. Additionally, the Asia Pacific region is estimated to be the most overreaching region in the worldwide double sided tape market in the forecasted period.
Browse the full “Double Sided Tape Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” Report at https://www.zionmarketresearch.com/report/double-sided-tape-market
The global double sided tape market is segmented as follows:
By Resin Type:
By Backing material:
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