Double Sided Tape Market Size, Share, Trends, Growth and Forecast 2032

Global Double Sided Tape Market Insights

According to a report from Zion Market Research, the global Double Sided Tape Market was valued at USD 12.44 Billion in 2023 and is projected to hit USD 23.29 Billion by 2032, with a compound annual growth rate (CAGR) of 7.22% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Double Sided Tape industry over the next decade.

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The current on-going global pandemic has led to tremendous growth for the e-commerce sector. For example, according to digital media reports, the traffic for e-commerce website went up by 30% during the covid-19 pandemic. Moreover, the recent lockdowns has also forced new, and innovative uses of double sided tape at home. The rising shift towards stay-at-home hobbies, and incredible growth of the e-commerce sector will likely drive major growth for the double sided tape market during the 2018-2025 period.

Global Double Sided Tape Market: Key Trends

The e-commerce market will likely continue its robust growth trajectory during the forecast period. The recent crisis in small, and medium sized businesses, and inability of many to survive such long crisis will lead to major gains for e-commerce firms worldwide. This is apparent in countries like the US, wherein according to Washington post reports that over 100,000 have shut shop for good.

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The double sided tape is widely used in the e-commerce sector for packaging, and delivery needs. The slowdown in the constructions sector will present a new challenge for the double sided tape market in near future. However, investors can mitigate these challenges with investment in infrastructure. Many major economies like India, US, and China have announced major infrastructure initiatives in near future. Indian finance minister has announced a package of 102 lakh crore rupees over the next four years to boost infrastructure development in India. Similarly, China has announced major initiatives related to its signature Belt & Road initiative. The reduction in private spending will likely be offset by major spending in infrastructure from the government in the next five years.

Global Double Sided Tape Market: Segmentation

The study provides a decisive view of the double sided tape market by segmenting the market based on by resin type, by technology, by application, by backing material and by region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

On the basis of resin type into silicone, acrylic, and rubber. Among these, thanks to growing infrastructure, and packaging activities, the silicone, and rubber resin type will witness major growth. Moreover, thanks to growing interest in appealing packaging for goods like organics, the acrylic segment will also witness considerable growth.

Based on application, the report will feature paper & printing, automotive, construction & building sectors. Consider customizing the report for availing the report on e-commerce sector. 

On the basis of technology, these include solvent, water, and hot melt.

Based on backing material, the report will provide analysis of foam, film materials, and paper.

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Double Sided Tape Market: Report Scope

Global Double Sided Tap Market: Regional Analysis

The double sided tape market will cover all regions of the globe including North America, South America, Europe, Asia Pacific, and Middle East & Africa. Among these, the Asia Pacific will witness tremendous growth, thanks to rising infrastructure activity. Middle East & Africa will also witness considerable growth, apart from rising economies of Vietnam, Indonesia, and Malaysia. The rising manufacturing activity in Malaysia, and Vietnam, and shifting automotive production in these parts is worth looking out for.  

Global Double Sided Tap Market: Competitive Analysis

The double sided tap market landscape exhibits a robust and competitive landscape, key players in this market include-

• 3M Company
• Lohmann GmbH & Co. Kg
• Avery Dennison Corporation
• Mactac
• LLC
• Scapa Group Plc.

Global Double Sided Tap Market: Segmentation

By Resin Type:

• Acrylic
• Rubber
• Silicone
• Others (EVA and Polyurethane)

By Technology:

• Solvent-based
• Water-based
• Hot-Melt

By Application:

• Automotive
• Building & Construction
• Electrical & Electronics
• Paper & Printing
• Others (packaging, aerospace & defense, healthcare, woodworking, wind energy, solar energy, and sports)

By Backing material:

• Foam
• Film
• Paper/Tissue
• Unsupported
• Others (cloth, cotton, metal, alloys, polyamide (PA), cellulose, fiberglass, non-woven, and vinyl)

By Region:

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa