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Double Sided Tape Market worth 13.15 Billion USD by 2023 - Exclusive Report by MarketsandMarkets™


(, November 30, 2021 ) The report "Double Sided Tape Market by Resin Type (Acrylic, Rubber, Silicone), Technology (Solvent, Water, and Hot Melt), Backing Material (Foam, Film, Paper), End-Use (Automotive, Building & Construction, Paper & Print), and Region - Global Forecast to 2023" The double sided tape market is projected to reach USD 13.15 Billion by 2023 at a CAGR of 6.93% from 2018 to 2023. The double sided tape market is estimated at USD 9.41 Billion in 2018 and is projected to reach USD 13.15 Billion by 2023, at a CAGR of 6.93% between 2018 and 2023. Double sided tapes are pressure-sensitive tapes that are coated with adhesive on both sides. These tapes are created by applying a thin adhesive layer to each side of a substrate material. Double sided tapes are designed to stick two surfaces together, and these tapes are widely used by industries such as automotive, building & construction, and electrical & electronics for bonding, holding, mounting, splicing, and other purposes.

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Based on resin type, the silicone segment is expected to grow at the highest CAGR during the forecast period.

The silicone segment is projected to grow at a higher rate than the other resin types because of its better adhesion properties. Silicone-based double sided tapes maintain adhesion over a larger temperature range and possess the ability to adhere to difficult surfaces. These factors are expected to drive the market for silicone resin-based double sided tapes during the forecast period.

Based on technology, the hot-melt segment of the double sided tape market is expected to grow at the highest CAGR during the forecast period.

The hot-melt technology segment is projected to witness the highest growth during the forecast period. Hot-melt double sided tapes is the fastest-growing class of double sided tapes in healthcare, aerospace, and wind and solar energy applications. These double sided tapes have an extreme rate of bond formation, which can translate into high production rates. In the US, the hot-melt technology is widely used in tape production by key players, such as 3M Company (US) and Intertape Polymer Group, Inc. (Canada).

Based on backing substrate, the paper/tissue segment of the double sided tape market is expected to grow at the highest CAGR during the forecast period.

The paper segment is projected to grow at the highest CAGR from 2018 to 2023 as it is cheaper and recyclable. Smooth or crepe paper with different elongation degrees and tensile strengths are used as a backing material for double sided tapes. The demand for double sided tapes in the paper & printing, electrical & electronics, healthcare, and packaging industries is expected to drive the demand for paper/tissue backing material.

Don't miss out on business opportunities in Double Sided Tape Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow.

Browse in-depth TOC on "Double Sided Tape Market”
163 - Market Data Tables
49 - Figures
183 - Pages

The double sided tape market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period.

The double sided tape market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period, due to the rising demand for double sided tapes from emerging economies, such as India, China, South Korea, Vietnam, Taiwan, and Singapore. China is leading the market for double sided tapes in the Asia Pacific region. The growth of various end-use industries, such as automotive, electrical & electronics, and paper & printing, is projected to drive the demand for double sided tapes in China.

3M Company (US), Nitto Denko Corporation (Japan), Tesa SE (Germany), Lintec Corporation (Japan), Intertape Polymer Group, Inc. (Canada), Avery Dennison Corporation (US), Shurtape Technologies, LLC (US), and Scapa Group Plc (UK) are some of the key players operating in the double sided tape market.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Mr. Aashish Mehra


Source: EmailWire.Com

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