Double sided Tape Market by Resin Type (Acrylic, Rubber, Silicone), Backing Material (Paper, Film, Foam), Technology (Hot-melt, Solvent, Water), End-User Industry (Building & Construction, Automotive, Electrical & Electronics, Paper & Print), & Region for 2024-2031
Report ID: 8012|No. of Pages: 202
Double sided Tape Market by Resin Type (Acrylic, Rubber, Silicone), Backing Material (Paper, Film, Foam), Technology (Hot-melt, Solvent, Water), End-User Industry (Building & Construction, Automotive, Electrical & Electronics, Paper & Print), & Region for 2024-2031
Double sided Tape Market Valuation – 2024-2031
The growing need for double-sided tapes in industries such as automotive, electronics, packaging, construction, and medical is a major driver of the double-sided tape market. According to the analyst from Verified Market Research, the double-sided tape market is estimated to reach a valuation of USD 22.35 Billion By 2031 over the forecast subjugating around USD 13.11 Billion valued in 2024.
The increasing popularity of double-sided tapes as a handy and efficient alternative to traditional fastening methods such as screws, nails, and rivets, is another key factor driving the double-sided tape market. It enables the market to grow at a CAGR of 7.61% from 2024 to 2031.
Double sided Tape Market: Definition/ Overview
Double-sided tape, also known as double-coated or double-faced tape, is an adhesive tape with a layer of adhesive on both sides that allows it to smoothly connect two surfaces together. This versatile product is widely utilized in a variety of sectors for purposes such as mounting, holding, splicing, and packing. In the automotive industry, it substitutes traditional fasteners to attach components such as dashboards and trim. In construction, it is used to secure vapor barriers and house wrap seams, but in graphic arts, it is required to hang posters and signage without apparent hardware. Furthermore, double-sided tape is popular among DIY enthusiasts for creative projects due to its ease of use and reliability.
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What Factors are Propelling the Growth of the Double sided Tape Market?
The automotive industry is a major consumer of double-sided tapes, which are used for a variety of tasks such as bonding trim, mounting emblems, and attaching interior components. According to the International Organization of Motor Vehicle Manufacturers (OICA), worldwide vehicle production reached 80.1 million units in 2021, up 3% from 2020. This increase in vehicle production is directly related to the rising demand for double-sided tapes in automotive manufacturing processes.
Double-sided tapes are commonly used in electronics to glue components, attach heat sinks, and mount displays. The Semiconductor Industry Association (SIA) estimated that worldwide semiconductor sector sales reached USD 555.9 Billion in 2021, up 26.2% from $440.4 billion in 2020. The significant increase in the electronics sector is pushing up demand for specialist double-sided tapes used in electronic device production.
Furthermore, the increasing expansion of e-commerce has raised demand for packaging materials, such as double-sided tapes. According to the US Census Bureau, e-commerce sales in the United States alone reached $870.8 billion in 2021, up 14.2% from 2020. Globally, the United Nations Conference on Trade and Development (UNCTAD) anticipated that e-commerce sales reached USD 26.7 Trillion in 2019, up 4% from 2018. The continued rise of e-commerce is driving up the need for double-sided tapes in the packaging industry.
What are the Obstacles that Hinder the Growth of the Double sided Tape Market?
Double-sided tape is made primarily from costly raw materials such as adhesives and backing materials. Fluctuations in the prices of these materials increase production costs, reducing firms’ profit margins. This financial strain reduces companies’ ability to invest in innovation and expansion, limiting market growth.
Furthermore, the rise of alternative bonding solutions, such as liquid adhesives, mechanical fasteners, and other innovative materials, presents a serious challenge to the double-sided tape market. These alternatives have advantages in certain applications, such as stronger bonding or reduced prices. As enterprises examine these choices, demand for double-sided tape falls, affecting total market growth.
Category-Wise Acumens
How Does the Acrylic’s Superior Performance Contribute to its Dominance in the Market?
According to VMR analysis, the acrylic segment is estimated to hold the largest market share in the product type segment during the forecast period. Acrylic-based double-sided tapes are well-known for their superior adhesive qualities, which include strong peel, tack, and shear strength. Their ability to bond successfully across varied surfaces makes them appropriate for a wide range of applications, including automotive and construction, increasing their market attractiveness and contributing to their leading position.
Acrylic tapes are highly resistant to UV radiation, oxidation, and extreme temperatures, making them ideal for both indoor and outdoor applications. This resilience provides long-term performance, which appeals to businesses that require dependable bonding solutions, pushing demand for acrylic-based products over alternatives.
Furthermore, acrylic adhesives’ short curing time enables faster application and processing, which is very useful in fast-paced manufacturing applications. This efficiency not only shortens production times but also boosts overall operational productivity, making acrylic double-sided tapes a popular choice among manufacturers and contributing to their market leadership.
What Factors Contribute to the Utilization of Double sided Tape in the Automotive Industry?
The automotive segment is estimated to dominate the double-sided tape market during the forecast period. The automotive industry is progressively focusing on vehicle weight reduction to improve fuel efficiency and reduce emissions. Double-sided tape is a lightweight bonding solution that replaces traditional mechanical fasteners, helping the industry achieve its lightweight targets while maintaining structural integrity and performance.
Double-sided tape is commonly utilized in automobile applications, such as trim, moldings, and emblems. Its ability to form a strong, dependable bond while allowing for clean and efficient assembly procedures makes it a popular choice among manufacturers, streamlining production and increasing overall efficiency.
Furthermore, the increasing design trends in the automotive industry necessitate new solutions, which double-sided tape may provide. With developments in adhesive technology, these tapes can exceed strict standards for durability, temperature resistance, and visual appeal, making them indispensable in modern car designs and improving overall vehicle performance.
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Country/Region-wise Acumens
How Does the Rapid Growth in the Electronics Manufacturing Sector Propel the Market Dominance in Asia Pacific?
According to VMR analyst, the Asia Pacific region is estimated to dominate the double-sided tape market during the forecast period. The Asia Pacific region, mainly China, South Korea, and Taiwan, dominates the worldwide electronics manufacturing sector. According to International Data Corporation (IDC), Asia Pacific (excluding Japan) accounted for 79.6% of worldwide electronics output in 2021. In China alone, the Ministry of Industry and Information Technology reported that the entire production of the electronic information manufacturing industry reached 12.6 trillion yuan (about USD 1.95 Trillion) in 2020, a 5.3% growth year on year. This huge electronics manufacturing base generates a high demand for double-sided tapes used in a variety of electronic components and gadgets.
Furthermore, the Asia Pacific region is rapidly urbanizing and developing infrastructure, resulting in increased demand for construction materials such as double-sided tapes used in building and restoration projects. The Asian Development Bank (ADB) predicts that Asia will need to invest USD 1.7 Trillion per year in infrastructure until 2030 to maintain its growth momentum. According to China’s National Bureau of Statistics, investment in real estate construction reached 14.76 trillion yuan (about USD 2.29 Trillion) in 2021, a 4.4% rise over the previous year. This current construction boom is driving up demand for double-sided tapes, which are utilized in a variety of construction applications, including panel mounting and flooring installation.
How Does the Rapid Growth in the eCommerce & Packaging Industry Drive the Growth in North America?
North America is estimated to exhibit substantial growth within the market during the forecast period. The e-commerce sector in North America has been rapidly expanding, generating demand for packaging materials such as double-sided tapes. According to the US Census Bureau, e-commerce sales in the United States exceeded $870.8 billion in 2021, up 14.2% from 2020 and 50.5% from 2019. The United States Department of Commerce reports that e-commerce accounted for 13.2% of total retail sales in 2021, up from 7.3% in 2015. The significant growth in e-commerce is driving up demand for double-sided tapes used in packing and shipping applications.
Furthermore, North America, particularly the United States, has a thriving aerospace and defense industry that extensively uses double-sided tapes in a variety of applications. According to the Aerospace Industries Association, the US aerospace and defense industry achieved USD 874 Billion in sales income in 2020, despite the pandemic’s impact. The Federal Aviation Administration (FAA) expects the overall commercial aircraft fleet to increase by 7.5%, from 7,690 in 2019 to 8,270 in 2040. This expansion in the aerospace industry increases demand for specialized double-sided tapes used in aircraft construction and maintenance.
Competitive Landscape
The double-sided tape market has a low level of concentration, with multiple companies vying for market share. Key industry players use strategies such as product launches, acquisitions, agreements, and alliances to maintain their positions and grow their global footprint.
Some of the prominent players operating in the double-sided tape market include:
- 3M
- Nitto Denko Corporation
- Tesa SE
- Lintec Corporation
- Avery Dennison Corporation
- Lohmann GmbH & Co. Kg
Latest Developments
- In May 2023, Lohmann announced its new biobased range, DuploCOLL ECO, which makes use of TwinMelt, a solvent-free technology. This idea intends to make adhesive tapes with lower energy usage and emissions, responding to the growing demand for ecologically friendly products. The launch demonstrates Lohmann’s dedication to sustainability while increasing the efficiency of double-sided tapes in a variety of applications.
- In April 2024, Nitto Denko Corporation announced that it would purchase a share of TruLife Optics (TLO). This strategic effort seeks to expand Nitto’s product offerings into emerging industries such as augmented reality, thereby improving its sales capabilities in the digital interaction space. The acquisition is consistent with Nitto’s “Nitto for All” strategy, which focuses on novel applications and market diversity.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2021-2031 |
| Growth Rate | CAGR of ~7.61% from 2024 to 2031 |
| Base Year for Valuation | 2024 |
| Historical Period | 2021-2023 |
| Forecast Period | 2024-2031 |
| Quantitative Units | Value in USD Billion |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Players | 3M, Nitto Denko Corporation, Tesa SE, Lintec Corporation, Avery Dennison Corporation, and Lohmann GmbH & Co. Kg. |
| Customization | Report customization along with purchase available upon request |
Double sided Tape Market, By Category
Resin Type:
- Acrylic
- Rubber
- Silicone
- Others
Backing Material:
- Paper
- Film
- Foam
- Others
Technology:
- Hot-melt
- Solvent
- Water
End-User Industry:
- Building and Construction
- Automotive
- Electrical and Electronics
- Paper and Print
- Others
Region:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
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Frequently Asked Questions
1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology
2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights
3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis
4. Double Sided Tape Market, By Product Type
• By Resin Type
• By Technology
• By Tape-Backing Material
5. Double Sided Tape Market, By End-Use Industry
• Automotive
• Construction
• Electronics
• Other End-User Industries
6. Regional Analysis
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE
7. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market
8. Competitive Landscape
• Key Players
• Market Share Analysis
9. Company Profiles
• 3M (US)
• Nitto Denko Corporation (Japan)
• Tesa SE (Germany)
• Lintec Corporation (Japan)
• Avery Dennison Corporation (US)
• Lohmann GmbH & Co. Kg (Germany)
• Guangzhou Broadya Adhesive Products Co. Ltd (China)
10. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities
11. Appendix
• List of Abbreviations
• Sources and References
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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