|Status : Upcoming||Report Code : VRCH2012||Industry : Chemicals & Materials||Available Format :|
Industry Insights by Resin Type (Acrylic, Rubber, Silicone), by Technology (Solvent, Water, Hot Melt), by Backing Material (Foam, Film, Paper), by End-User (Electrical and Electronics, Building & Construction, Paper & Print)
Double sided tape is pressure sensitive tape which are coated with adhesives on both the sides. This tape is different from normal tape based on the suitability and utility for various applications. It is designed to stick two surfaces together in a way that they are not visible in the end product. The global double sided tape market is growing at a good pace, owing to its growing application in various industries such as automotive, building and construction, electrical and electronics, and others. The market is witnessing an increase in demand, owing to its superior properties and utility as compared to traditional tape.
Insight by Resin Type
On the basis of resin type, the double sided tape market is segmented into acrylic, rubber, silicone, and others. In the coming years, the silicon type category is anticipated to register the highest growth in the market. This can be attributed to its better adhesion properties, which helps in maintaining its adhesion over larger temperature range. Along with that, it also has an ability to adhere to difficult surfaces.
Insight by Technology
Based on technology, the double sided tape market is categorized into solvent-based, water-based, and hot melt. In the coming years, the hot melt category is expected to hold the largest share in the overall market, owing to various advantages it offers over other types. Some of the advantages it provides are immediate bond, high strength, good adhesion, easy application and fast processing.
Insight by Backing Material
On the basis of backing material, the double sided tape market is segmented into foam, film, paper and others. Among all types, paper category is expected to witness the highest growth during the forecast period. The increasing demand of this tape in the market by different industries such as paper and printing, healthcare, packaging, and others is anticipated to drive the market growth in the coming years.
Insight by End-User
Based on end user, the market is categorized into electrical and electronics, building and construction, paper and print, and others. Of all end users, the paper and print industry is the largest user in the double sided tape market and anticipated to register the highest growth in the market during the forecast period. This can be attributed to the increasing use of this tape in the paper industry in the paper production such as reel closing, splicing, reel closing, and others.
Increasing use and demand of these tapes in various applications, growing demand of acrylic and polyethylene form backed double sided tape are the major factors driving the growth of the global double sided tape market. The demand of these tapes is increasing in the market due to its wide application range in innovative applications. They offer versatility and are used in various industries such as automotive, aerospace, construction, and others. Some of the superior properties it offers over traditional normal tapes includes, they are excellent for lamination, ideal for filling gaps for tighter seal, and others, making it popular in the market.
The major challenges faced by the double sided tape market which are hindering the market growth are the high price of this tape as compared to normal tape and paper/tissue backed tapes are prone to moisture. This tape is generally expensive than traditional tape due to the superior properties it possesses and high cost of raw material. Silicone based tape are most expensive, while natural rubber based are economical.
The wide range of double sided tape are available in the market for wide range of applications. Also, the double sided tape market is fragmented with the presence of large number of players in the market. The market is not highly capital extensive which makes it easier for new entrants to enter and operate in the market.
Asia-Pacific is expected to register the highest growth in the double sided tape market during the forecast period. The rising demand of this tape for various applications from emerging countries such as China, South Korea, Vietnam, and India are expected to drive the market growth, due to the rapid industrialization in these countries, which is also attracting the foreign investors to invest in the region, fueling the growth of the market.
3M Company, Nitto Denko Corporation, TESA SE, Avery Dennison Corporation, Lintec Corporation, Intertape Polymer Group, Inc., Shurtape Technologies, LLC., Lohmann GmbH & Co. Kg, Nichiban Co. Ltd. and Mactac, LLC are some of the key players offering different double sided tape.