Global Double Sided Tape Market – Analysis and Forecast To 2024, Lintec Corporation, Intertape Polymer Group, Inc., Shurtape Technologies, LLC.

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.

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Growth Drivers
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.

Challenges
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.

Geographic Overview
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.

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Competitive Insight
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.

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