Double Sided Tape Market - Forecast(2024 - 2030)

Report Code: CMR 67413 Report Format: PDF + Excel

Double Sided Tape Market Overview

The Double Sided Tape Market size is forecast to reach $14 billion by 2025, growing at a CAGR of 7.11% during 2020-2025. The boom in the demand for acrylic foam based double sided tapes in the automotive industry is fueling the demand for double sided tapes in the market. Furthermore, the markets for medical assembly is boosting the consumption of double sided tapes.

Double-sided tape is any pressure-sensitive tape that is coated with adhesive on both sides. It is designed to stick two surfaces together, often in a way which is not visible in the end product, due to it being in between the objects rather than overlaying them. Double-sided tape is created by applying a thin adhesive layer to each side of a carrier material. 

Report Coverage

The report: “Double Sided Tape Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Double Sided Tape Industry.

Key Takeaways

  • Asia-Pacific dominates the double market owing to increasing demand from applications such as automotive and aviation electronics industries.
  • Although water-based double sided tapes are used more in comparison to the other type of adhesives, hot-melt and radiation curable adhesives are estimated to grow at a higher CAGR during the forecast period due to increased physical and chemical properties possessed by these type of adhesives.

By End-Use Industry - Segment Analysis

The automotive sector has been a major market for double sided tapes for many years. The focus of the auto industry has shifted from the traditional manufacturing countries to the emerging markets, with sales increasing year by year. Emerging markets have fewer cars by population, which promises a huge potential. Economic growth has further increased the adoption rate of cars. With the auto development trends focusing on lightweight materials, miniaturization, intelligence and electrification, the market of automotive electronics is experiencing a rapid growth. Europe and the United States have improved energy-saving, emission reduction and safety performance of vehicles through mandatory regulations.

While double-sided tapes can be constructed with varying thickness and bonding properties, they are all manufactured with a pressure sensitive adhesive (PSA) on both sides. They also typically have a silicone layer or a similar non-stick layer applied on top of the adhesive to ensure the sides don’t stick together when wound on a roll.

Currently, residential construction is on a soar, when compared to other forms of construction. Residential construction derives its market from parameters like increasing population and emerging urbanization. In the APAC region, the impetus for growth is mainly seen in China and India which exceed the expectations and are on upsurge. For the past few decades solvent based adhesive tapes were employed in the construction sector and this trend was shifted towards waterborne adhesives due to the environmental regulations, lower VOC levels and cost.

Globally, construction sector is expected to stand out amongst the most dynamic industrial sectors in the following fifteen years and is completely essential to the advancement of prosperous societies around the world. Construction sector is expected to grow strong in economies such as India and Indonesia when comes to Asia-pacific region and in Europe UK is a stand out growth market for construction, where as in the Latin American region developing countries as such Brazil, Mexico and Argentina are expected to witness good construction growth.

China has the largest automotive industry in the world and one of the largest civilian aircraft markets. According to OICA, China held 35 percent share in global passenger cars sales in 2017. India also has excellent potential for automotive industry growth in the future. The country's automotive industry experienced 8% growth in production in 2018, over the previous year. With more than 11 million vehicles traveling on the U.S. roads, which is 11.5 percent of the total vehicles in the world as reported by the OICA in 2017, there will be tremendous demand for double sided tapes gels in the automotive application.

Geography - Segment Analysis

APAC dominated the double sided tape market with a share of more than 41%, followed by North America and Europe. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India, but with growing foreign direct investment for economic development of South East Asia, the current scenario is changing. Countries in South East Asia are witnessing high growth in the aviation and automotive industries. According to OICA, APAC automotive sales witnessed a growth of over 6.52% during 2012-2018, with South East Asian countries having huge potential to grow.

Double Sided Tape Market Drivers

Growing demand for solar power generation

By the end of 2018, global cumulative installed PV capacity reached about 512 gigawatts (GW), of which about 180 GW were utility-scale plants. This represented a growth of 27% from 2017. Although capacity additions remained flat in 2018, solar PV generation increased 31% in 2018, and represented the largest absolute generation growth (+136 TWh) of all renewable technologies, slightly ahead of wind and hydropower. This is fueling the demand for double sided tapes in the sector.

Growing demand for electric vehicles

The shift towards electric vehicles in the developed and developing nations would drive the double sided tapes market over the forecast period. According to IEA, Norway, the Netherlands and Japan are frontrunners in the electronic vehicles segment. Norway held the share of 46 percent in terms of the global new electric car sales as reported by IEA in 2018. In order to meet zero emission targets under the “Paris Climate Accord”, in 2017, France government has announced that it will ban diesel and gasoline-powered vehicles completely and switch to electric powered vehicles by 2040.

Double Sided Tape Market Challenges

Rising raw material prices

Various supply shortages of silicones are causing a rise in prices for the raw materials of silicone adhesive tapes. There is currently a global shortage of siloxane that is forcing a limited supply and a rise in silicone prices globally. China is among the world’s largest silicone producers with a share of nearly 40-45 percent of the global production capacity, and any transition in either Chinese domestic consumption or capacity is likely to impact the double sided tapes market.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Double Sided Tape market. In 2018, the top five players accounted for xx% of the share. Major players in the Double Sided Tape Market are 3M Company, Nitto Denko Corporation, Tesa SE, Lintec Corporation, Intertape Polymer Group, Inc., Avery Dennison Corporation, Shurtape Technologies, LLC, and Scapa Group Plc, among others. 

1. Double Sided Tape Market - Overview
        1.1 Definitions and Scope
2. Double Sided Tape Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Double Sided Tape Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Double Sided Tape Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Double Sided Tape Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Double Sided Tape Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Double Sided Tape Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Double Sided Tape Market - By Product Type (Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
9. Double Sided Tape Market - By End-Use Industry (Market Size -$Million / $Billion)
        9.1 Automotive
        9.1 Electrical & Electronics
        9.1 Paper & Printing
        9.1 Others
10. Double Sided Tape - By Application Type (Market Size -$Million / $Billion)
        10.1 Segment type Size and Market Share Analysis
        10.2 Application Revenue and Trends by type of Application
        10.3 Application Segment Analysis by Type
11. Double Sided Tape- By Geography (Market Size -$Million / $Billion)
        11.1 Double Sided Tape Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
         Rest of North America
        11.3 Double Sided Tape- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
         Costa Rica
         Rest of South America
        11.5 Double Sided Tape- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
         Rest of Europe
        11.7 Double Sided Tape - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
         South Korea
         Hong Kong
         Rest of APAC
        11.9 Double Sided Tape - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
         Saudi Arabia
            11.10.6 Africa Segment Analysis
         South Africa
         Rest of Middle East & Africa
12. Double Sided Tape Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Double Sided Tape Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Double Sided Tape Market - Key Company List by Country Premium
15. Double Sided Tape Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 3M Company
        15.3 Adchem Corporation
        15.4 Adere
        15.5 Advance Tapes International
        15.6 Ajit Industries
        15.7 Arkema
        15.8 Atp Adhesive Systems AG
        15.9 Avery Dennison Corporation
        15.10 Cct Tapes
        15.11 Coroplast Fritz Muller GmbH & Co. Kg
        15.12 Gergonne-the Double Coated Solution
        15.13 Guangzhou Broadya Adhesive Products Co.
        15.14 Lintec Corporation
        15.15 Lohmann GmbH & Co. Kg
        15.16 Nichiban Co. Ltd.
        15.17 Nitto Denko Corporation
        15.18 Other Key Companies
        15.19 Saint-Gobain Performance Plastics
        15.20 Scapa Group Plc
        15.21 Tape-Rite Co. Inc.
        15.22 TESA SE
        15.23 Toyochem Co. Ltd
15.24 Company 24
15.25 Company 25 & More
*Financials would be provided on a best efforts basis for private companies
16. Double Sided Tape Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Double Sided Tape Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends