By 2032, the double coated film tapes market is anticipated to expand at a CAGR of 6.8%. The market is currently valued at USD 1.8 billion, and by 2032, it is expected to be worth USD 3.47 billion.
| Attributes | Details |
|---|---|
| Double Coated Film Tapes Market Size (2022) | USD 1.8 billion |
| Double Coated Film Tapes Market Size (2032) | USD 3.47 billion |
| Double Coated Film Tapes Market CAGR | 6.8% |
Key players continue to use high-performance double coated film tapes as they are in high demand. Businesses are concentrating on the tape that is designed for foam lamination, demanding indoor and mild metal to rubber gaskets and many other plastics, where moderate temperature and good shear performance are required.
Double coated film tapes are frequently used in electronic devices. They have qualities like tissue coated on both sides with an adhesive, siliconized paper liner, good direct and durable adhesive strength, good dynamic and static shear resistance, and no plasticizer migration on most surfaces.
Due to the versatility of the demand for double-coated film tapes, manufacturers have developed a wide range of double-coated tapes, including alternatives for paper, film, cloth, and transfer adhesive. These tapes have an unrivaled level of quality, making them ideal for mounting, splicing, joining, and laminating. The choice of polyester and vinyl backings allows for use in a variety of temperatures.
Double coated film tapes assist food and beverage producers in adhering to FDA rules, as well as important process and product requirements. Double coated film tapes are approved by the FDA for direct or indirect food contact and are food-grade adhesive tapes.
Moreover, these goods are frequently used in the preparation, separation, storage, packing, and transportation of both food and medicinal products. It makes use of ultraviolet adhesives to deliver outstanding aging resistance and facilitates simple labeling. The market for double coated film tapes is seeing demand from the food and beverage sector as a result of the expanding need for preserved food with simple marketing.
Industrial double coated film tapes are the greatest option for many industries when it comes to finding the ideal solution for virtually any bonding application between various substrates and surfaces.
Moreover, double coated film tapes are the perfect long-term or permanent bonding solution when an aggressive alternative to typical rivets, screws, or glue is required. As a result, there is greater scope for investment in the industry. Numerous prospects are emerging as a result of its variety of sizes, kinds, and solvent adhesive technologies.
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Double coated film tapes are composed of strong flexible film materials, heavily coated with solvent based, hot-melt and water based adhesives. These film tapes features a polyester liner that possess excellent processing, excellent tack adhesion and die-cutting characteristics.
Generally, these double coated film tapes are applied on plastic parts, extruded parts and rubber profiles of the products and are also used for bonding electronic parts. There has been a huge change in the way the double coated film tapes market are manufactured, packaged and used across industries over the years due to the growing importance and rising demand for these tapes.
However, the unique feature that makes double coated film tapes market more attractive than other tapes is its sheer strength and superior temperature resistance quality. Double coated film tapes are an ideal solution for permanent bonding of two different surfaces and also for mounting of splicing applications.
The demand for double coated film tapes is expected to grow at a significant CAGR over the forecast period. Its multi-purpose characteristics and wide application across several where high performance tapes are required at competitive price is one the major driving factors for the double coated film tapes market.
Further, rapid growth in the packaging industries with technological advancements has further fuelled this growth. Other advantages associated with these tapes like high initial adhesion with build-up over 24 hours, good adhesion to low surface energy substrates and wider acceptance for indoor and room temperature applications are some features that fuel the growth in the double coated film tapes market.
However, rising prices of raw materials and availability of several low cost alternatives can act as restraints in the double coated film tapes market.
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Geographically, the global double coated film tapes market is divided into five regions North America, Latin America, Europe, Asia-Pacific (APAC) and the Middle East Africa (MEA). Asia Pacific is expected to dominate the growth in the double coated film tapes market, primarily due to huge demand in developing economies like India and China and also because of lower manufacturing cost in these economies.
The low manufacturing costs in developing countries are due to easy availability of raw materials and cheap labor. Further, North America is expected to witness a stagnant growth in the double coated film tapes market over the forecast period, while Europe is expected to experience an average growth in the double coated film tapes market, primarily driven by the production of adhesive tapes in Italy that supplies these tapes to both Eastern and Western Europe.
Furthermore, these regions are expected to grow less aggressively in comparison to Asia Pacific, due to shift in production from developed economies to Asia Pacific. Latin America and MEA are expected to experience a moderate growth in the double coated film tapes market.
Some of the major players for the global double coated film tapes market are, 3M Company, NITTO DENKO CORPORATION, Shurtape Technologies, LLC, Intertape Polymer Group, tesa tape, inc., Adchem Corporation, V. Himark USA, Inc., Parafix Tapes Conversions Ltd, Elite Tape, MACtac, LLC,.
The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Analysis and Forecast 6.1. Materials 6.2. Adhesive Type 6.3. End-Use Industries 7. Global Analysis and Forecast, By Materials 7.1. Polyethylene Terephthalate (PET) 7.2. Polyvinyl Chloride (PVC) 7.3. Polyethylene (PE) 7.4. Polypropylene (PP) 7.5. Others 8. Global Analysis and Forecast, By Adhesive Type 8.1. Hot Melt 8.2. Acrylic 8.3. Water-Activated 9. Global Analysis and Forecast, By End-Use Industries 9.1. Food & Beverage 9.2. Cosmetics & Toiletries 9.3. Industrial 9.4. Pharmaceuticals 9.5. Others 10. Global Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. Asia-Pacific 10.5. The Middle East & Africa 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Europe Sales Analysis and Forecast, by Key Segments and Countries 14. Asia-Pacific Sales Analysis and Forecast, by Key Segments and Countries 15. The Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries 16. Sales Forecast by Materials, Adhesive Type, and End-Use Industries for 30 Countries 17. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 18. Company Profile 18.1. 3M Company 18.2. NITTO DENKO CORPORATION 18.3. Shurtape Technologies LLC 18.4. Intertape Polymer Group 18.5. tesa tape, inc. 18.6. Adchem Corporation 18.7. V. Himark USA, Inc. 18.8. Parafix Tapes & Conversions Ltd 18.9. Elite Tape 18.10. MACtac, LLC
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Double Coated Film Tapes Market
