Global Double Sided Tape  Market Size, Forecasts to 2032

• The Double Sided Tape Market was valued at USD 11.2 Billion in 2022.
• The market is growing at a CAGR of 8.2% from 2022 to 2032
• The global Double Sided Tape  Market is expected to reach USD 23.4 Billion by 2032
• Asia Pacific is expected to grow the fastest during the forecast period

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The Global Double Sided Tape Market is expected to reach USD 23.4 Billion by 2032, at a CAGR of 8.2% during the forecast period 2022 to 2032.

The need for double sided tape has increased significantly in recent years. Double-sided tape has evolved into a favoured option for many applications as industries continue to change and the demand for effective bonding solutions rises. Double-sided tape is more frequently used in the construction industry for mounting and glueing goods. It provides a neat and simple substitute for conventional techniques, minimising the need for drills and fasteners. This not only expedites the procedure but also produces a more attractive end product. Double-sided tape is still widely used in the car industry for a variety of purposes, including fastening trims, bonding emblems, and securing interior parts. The tape is a useful tool in the construction of automobiles because it can create a strong and long-lasting binding and is simple to use. Double-sided tape is an essential component of the packaging industry for reliable and secure package sealing. It creates a solid and enduring bond, which helps ensure the general integrity and safety of shipped goods.

 

Double Sided Tape Market Value Chain Analysis

After processing the basic ingredients, double-sided tape is produced. In order to protect one side of the tape, a release liner is frequently added after the adhesive has been coated onto the carrier material. To enhance the performance qualities of double-sided tapes, manufacturers may make research and development investments. This can entail developing tapes with certain qualities like improved adhesion, temperature resistance, or environmental sustainability. After that, different markets receive the finished double-sided tape products. Transport and logistics are needed to carry goods from manufacturing plants to warehouses and then on to retailers or end users. Retail outlets, wholesalers, and distributors all provide double-sided cassettes. The tapes are bought by end users for specialised uses by companies in the packaging, construction, and automobile industries. Double-sided tape is used by end-users for a variety of tasks, including packing, connecting materials during building, and assembling automobiles. The tape's perceived value is based on how well it performs in various applications. Some manufacturers might provide technical support or advice on how to use their double-sided tape goods to their customers after the sale.

 

Double Sided Tape Market Price Analysis

The cost of producing double-sided tape is strongly influenced by the pricing of raw ingredients like adhesives and carrier materials. Price changes for raw materials may have an impact on the cost of the finished product. Production costs can be impacted by the complexity of manufacturing processes, including coating methods and the application of specialised features. Prices could increase as a result of improved technologies and increased precision. When compared to lesser-known companies, established businesses with a solid reputation for quality and dependability may charge a higher price for their products. Consumer choice is significantly influenced by brand perception. The whole cost of distribution, which includes shipping and warehousing, may be affected. A company's distribution network and geographic reach may have an impact on its pricing strategy. The demands on double-sided tapes vary depending on the industry. Prices may be modified in accordance with the particular requirements and high standards of sectors like construction, automobile, and packaging.

 

Market Dynamics

Double Sided Tape Market Dynamics

Growth of the e-commerce sector

There has been an increase in demand for effective and safe packaging solutions with the growth of online commerce. Double-sided tapes are essential for packing because they help keep packages sealed tightly and safeguard their contents while in transit. Double-sided tapes are frequently used by online shops for branding, promotional materials, and packaging displays. This not only improves the package's looks but also offers a practical and simple solution. Double-sided tape producers and suppliers can reach a global market thanks to e-commerce. The market has grown beyond local and regional limits as a result of the enhanced accessibility, which has fueled overall expansion. Platforms for e-commerce frequently run promotions, specials, and discounts. Due to consumers taking advantage of special deals, this may result in more double-sided tape sales, which will help the market expand.

 

Restraints & Challenges

There has been an increase in demand for effective and safe packaging solutions with the growth of online commerce. Double-sided tapes are essential for packing because they help keep packages sealed tightly and safeguard their contents while in transit. Double-sided tapes are frequently used by online shops for branding, promotional materials, and packaging displays. This not only improves the package's looks but also offers a practical and simple solution. Double-sided tape producers and suppliers can reach a global market thanks to e-commerce. The market has grown beyond local and regional limits as a result of the enhanced accessibility, which has fueled overall expansion. Platforms for e-commerce frequently run promotions, specials, and discounts. Due to consumers taking advantage of special deals, this may result in more double-sided tape sales, which will help the market expand.

 

Regional Forecasts

North America Market Statistics

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North America is anticipated to dominate the Double Sided Tape market from 2023 to 2032. There has been an increase in demand for effective and safe packaging solutions with the growth of online commerce. Double-sided tapes are essential for packing because they help keep packages sealed tightly and safeguard their contents while in transit. Double-sided tapes are frequently used by online shops for branding, promotional materials, and packaging displays. This not only improves the package's looks but also offers a practical and simple solution. Double-sided tape producers and suppliers can reach a global market thanks to e-commerce. The market has grown beyond local and regional limits as a result of the enhanced accessibility, which has fueled overall expansion. Platforms for e-commerce frequently run promotions, specials, and discounts. Due to consumers taking advantage of special deals, this may result in more double-sided tape sales, which will help the market expand.

 

Asia Pacific Market Statistics

Asia Pacific is witnessing the fastest market growth between 2023 to 2032. Asia-Pacific is a significant industrial hub, and many different industries have considerable need for double-sided tapes. Double-sided tapes are essential for bonding, mounting, and assembly tasks in the manufacturing industry, which includes the electronics, automotive, and construction industries. The need for double-sided tapes is driven by the expanding electronics market in nations like China, Japan, South Korea, and others. These tapes are employed in electronic equipment for tasks like joining displays, fastening wires, and attaching components. In the Asia-Pacific region, the automobile industry is expanding significantly, and double-sided tapes are essential for car assembly. These tapes are employed in interior applications such as adhering logos and trimmings. Double-sided tape is widely used in the packaging sector in Asia-Pacific, which is being fueled by the expansion of e-commerce and retail.

 

Segmentation Analysis

Insights by Technology

The hot melt segment accounted for the largest market share over the forecast period 2023 to 2032. Many different substrates, including plastics, metals, paper, and fabrics, can be joined with hot melt adhesives. Because of their adaptability, they can be used in many different industries, including packaging, automobiles, and electronics. Hot melt technique reduces production downtime by doing away with the requirement for solvent drying or water evaporation. Faster processing and assembly are made possible by the short setting time. Due to their rapid bonding capabilities and lack of additional curing equipment, hot melt adhesives are frequently seen as cost-effective since they improve production efficiency and cut down on overall manufacturing expenses. Due to their rapid bonding capabilities and lack of additional curing equipment, hot melt adhesives are frequently seen as cost-effective since they improve production efficiency and cut down on overall manufacturing expenses.

 

Insights by End Use

Paper and printing segment is witnessing the fastest market growth over the forecast period 2023 to 2032. In print finishing applications including mounting prints, pictures, and graphics, double-sided tapes are frequently utilised. These tapes offer a quick and easy alternative to conventional adhesives and mounting tools for attaching prints to a variety of surfaces. In the creation of direct mail pieces, marketing collateral, and promotional materials, double-sided tapes are used. They enable the safe attachment of printed material components like cards, samples, or inserts. In the creation of direct mail pieces, marketing collateral, and promotional materials, double-sided tapes are used. They enable the safe attachment of printed material components like cards, samples, or inserts. In the flexible packaging sector, double-sided tapes are used to laminate layers of films or materials.

 

Recent Market Developments

• In May 2023, Lintec Graphic Films Ltd. was founded by LINTEC Corporation (LINTEC) of Japan. The expansion of the Lintec brand in Europe has entered an exciting new phase with this acquisition.

 

Competitive Landscape

Major players in the market

• 3M Company
• Intertape Polymer Group, Inc.
• Avery Dennison Corporation
• Shurtape Technologies, LLC.
• Scapa Group Plc
• Nichiban Co. Ltd.
• Nitto Denko Corporation
• TESA SE
• Lintec Corporation
• Lohmann GmbH & Co. Kg.
• Guangzhou Broadya Adhesive Products Co. Ltd
• Yem Chio Co., Ltd.

 

Market Segmentation

This study forecasts revenue at global, regional, and country levels from 2023 to 2032.

Double Sided Tape Market, Technology Analysis

• Solvent-based
• Water-based

 

Double Sided Tape Market, End User Analysis

• Paper & Printing
• Electrical & Electronics

 

Double Sided Tape Market, Regional Analysis

• North America

• US

• Canada

• Mexico

• Europe

• Germany

• UK

• France

• Italy

• Spain

• Russia

• Rest of Europe

• Asia Pacific

• China

• Japan

• India

• South Korea

• Australia

• South America

• Brazil

• Argentina

• Colombia

• Middle East & Africa

• UAE

• Saudi Arabia

• South Africa