The global double sided tapes market sales are set to register USD 11.4 billion in 2023. It is set to soar at 4.3% CAGR over the forecast period 2023 to 2033. Revenue is likely to be worth USD 17.4 billion by 2033.
At the end of the historical period 2018 to 2022, the market stood at USD 10.9 billion. The market is projected to generate a monetary potential of USD 6 billion by 2033-end.
Based on resin type, the acrylic segment accounted for a significant market valuation during the forecast period. It is set to expand at 4.1% CAGR over the forecast period 2023 and 2033.
Double-sided tapes are widely used in sectors such as automotive, electronics, packaging, construction, and medical. The increasing demand for these tapes in these sectors has been a significant driver for double sided tapes market growth.
Continuous advancements in adhesive technologies have led to the development of high-performance double-sided tapes with improved bonding strength and durability. These advancements have expanded the application areas of double-sided tapes, further boosting the market growth.
Double-sided tapes offer ease of application, eliminating the need for screws, bolts, or other traditional bonding methods. This convenience has driven their adoption in various applications.
As environmental awareness increases, there has been a growing preference for eco-friendly adhesive products, including double-sided tapes. Manufacturers have been focusing on developing more sustainable adhesive solutions to cater to this demand.
The rise of e-commerce has led to an increased demand for packaging materials, including double-sided tapes. The booming online retail sector has positively influenced double sided tapes market growth.
Rapid urbanization and infrastructure development in emerging economies have spurred the demand for construction and building materials, including double-sided tapes for various applications.
Consumers utilize double-sided tapes for a wide range of applications, including mounting, bonding, sealing, and fastening. The versatility of these tapes has made them popular in both the industrial and consumer sectors.
In sectors such as electronics and automotive, there is a constant drive towards lightweight and space-saving designs. Double-sided tapes provide an excellent alternative to traditional bonding methods, contributing to their market growth.
Continuous research and development efforts by manufacturers have led to the introduction of innovative double-sided tape products catering to specific industry needs. All of the abovementioned factors thereby drive double sided tapes market expansion during the forecast period.
Key Trends Listed by Future Market Insights (FMI):
Manufacturers have been continuously investing in research and development to improve adhesive technologies used in double-sided tapes. The focus has been on developing tapes with enhanced bonding properties, better temperature resistance, and the ability to adhere to a wide range of surfaces.
As environmental concerns become more significant, there has been an increasing emphasis on developing eco-friendly and sustainable double-sided tapes. Manufacturers are exploring bio-based adhesives and recyclable materials to cater to the environmentally conscious market.
The construction sector has been utilizing double-sided tapes for several applications, including mounting mirrors, attaching trims and panels, and other bonding requirements. The industry's growth has contributed to the overall demand for double-sided tapes.
| Attributes | Key Insights |
|---|---|
| Double Sided Tapes Market Estimated Size (2023E) | USD 11.4 billion |
| Projected Market Value (2033F) | USD 17.4 billion |
| Value-based CAGR (2023 to 2033) | 4.3% |
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Future Market Insights (FMI) predicts that the global double sided tapes market is expand at 5.5% CAGR during the historical period 2018 to 2022. Sales are forecast to witness a 4.3% CAGR during the forecast period 2023 to 2033. Revenue was valued at USD 10.9 billion in the base year 2022.
The automotive sector has been a significant driver of demand for double-sided tapes. They are utilized in car interiors, exteriors, and assembly processes. This is due to their bonding strength, ease of use, and ability to replace traditional fastening methods like screws and rivets.
As technology continues to advance, the electronics and electrical sectors have seen increased adoption of double-sided tapes. These tapes are used for bonding delicate electronic components, display screens, circuit boards, and other electronic devices.
The rise of e-commerce has positively impacted the global demand for double-sided tapes, as these products are used extensively in packaging applications. The growth of online retail and the need for secure and efficient packaging solutions have driven the demand for double-sided tapes in this sector.
Double-sided tapes are also finding applications in the healthcare sector, in medical device assembly and wound dressings. Innovations in medical adhesive technology have opened up new opportunities for these tapes in healthcare settings.
The double-sided tapes market has been witnessing significant growth in emerging economies due to increased industrialization, and infrastructure development. Rising consumer awareness about the benefits of these tapes is also a key factor that is expected to drive the demand for double sided tapes during the forecast period.
To summarize:
Well-developed Manufacturing Sectors to Help the United States Retain Dominance
The United States double sided tapes market is poised to hold a total of around USD 3.3 billion by 2033. Sales are likely to propel at 4.2% CAGR over the forecast period 2023 and 2033.
The United States has a well-developed manufacturing sector, including adhesive and tape production facilities. The presence of established manufacturers and their ability to produce high-quality double sided tapes has contributed to the country's growth.
The United States is known for its continuous investment in research and development. This has led to technological advancements in adhesive material and manufacturing processes. These innovations have enabled the United States companies to produce superior double sided tapes that meet customer needs.
Double sided tapes are used in diverse sectors such as automotive, electronics, construction, and more. The United States has a robust economy with thriving sectors that require these tapes in several crucial applications.
Presence of Key Brands and Superior Quality Driving Demand in the United Kingdom
The United Kingdom double sided tapes market is poised to grow at 4.0% CAGR during the assessment period. By 2033, the United Kingdom's revenues are projected to reach USD 616.7 million.
The United Kingdom has a strong industrial and manufacturing base, which includes several adhesives sectors. United Kingdom-based companies are often prominent players in the double-sided tapes market. The country provides innovative products and solutions to diverse sectors.
Domestic manufacturers have developed a strong brand reputation for producing reliable and high-quality double-sided tapes. Positive brand perception can lead to increased market share and dominance.
Principal Consultant
Sale of Acrylic Resin Type to Gain Tailwinds through 2033
Based on resin types, acrylic segment demand is likely to spearhead the market during the assessment period. The segment is likely to exhibit a 4.1% CAGR during the forecast period 2023 and 2033.
Acrylic adhesives are widely used in double-side tapes due to their excellent adhesion properties, and high bonding strength. It is resistant to various environmental factors such as moisture and UV radiation.
Acrylic-based double sided tapes find extensive application for diverse purposes. These include uses in automotive, electronics, construction, packaging, and general manufacturing.
Consumers prefer them for their versatility, holding power, and ability to bond to a wide range of substrates. This range includes metals, plastic, glass, and composites. These properties make acrylic tapes based double sided tapes sustainable for a wide range of applications in varying sectors.
Holt Melt Technology Gaining Popularity due to Strong Bonding Performance
In terms of technology, the hot melt division is set to be at the forefront of the global double sided tapes market. This division is set to witness a 4.0% CAGR over the projection period from 2023 to 2033.
Hot melt adhesives are thermoplastic materials that become liquid when heated and solidify when cooled. They have been widely used in the production of double sided tapes. This is due to their fast setting time, strong bonding performance, and versatility.
Hot melt adhesives can bond substrates such as plastic, metals, paper, fabrics, and more. This makes them suitable for a broad spectrum of applications. These are applied in the molten state, typically through heated nozzles or rollers. This makes the application process efficient and straightforward.
Key manufacturers might focus on creating unique and innovative products with distinct features to stand out in the double sided tapes market. They might invest in research and development to improve adhesive technologies and offer specialized tapes for different applications. They are providing custom solutions for specific industries.
Manufacturers might emphasize rigorous testing and quality control processes to ensure consistent performance across their product range. They might target specific industries or applications where double-sided tapes are in high demand.
By understanding the unique needs of different sectors, vendors can tailor their product offerings and marketing messages accordingly.
Recent developments:
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| Attribute | Details |
|---|---|
| Market Size Value (2023) | USD 11.4 billion |
| Market Forecast Value (2033) | USD 17.4 billion |
| Anticipated Growth Rate (2023 to 2033) | 4.3% CAGR |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Volume (MT) and Value (USD Billion) |
| Key Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; and Middle East & Africa |
| Key Countries Covered | Canada, United States, Mexico, Brazil, Chile, Peru, Argentina, Germany, France, Italy, Spain, United Kingdom, Netherlands, Belgium, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, and others |
| Key Market Segments Covered | Resin Type, Technology, Backing Material, End-use, Region |
| Key Companies Profiled | 3M Company; Adchem Corporation; Adere Produtos Auto Adesivo Ltda.; Advance Tapes International Ltd.; Ajit Industries Pvt. Ltd. |
The primary consumer for double-sided tapes is the electrical and electronics industry.
North America is poised to stay attractive, projecting USD 2.8 billion by 2033.
The market is estimated to secure a valuation of USD 8.7 billion in 2023.
The market is estimated to reach USD 17.4 billion by 2033.
The electrical and electronics sector holds high revenue potential.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Resin Type 5.1. Acrylic 5.2. Rubber 5.3. Silicone 5.4. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology 6.1. Hot Melt 6.2. Solvent 6.3. Water 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Backing Material 7.1. Paper 7.2. Film 7.3. Foam 7.4. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-Use 8.1. Building & Construction 8.2. Automotive 8.3. Electrical & Electronics 8.4. Paper & Print 8.5. Others 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. 3M Company 19.2. Adchem Corporation 19.3. Adere Produtos Auto Adesivo Ltda. 19.4. Advance Tapes International Ltd 19.5. Ajit Industries Pvt. Ltd. 19.6. Arkema Group 19.7. ATP adhesive systems AG 19.8. Avery Dennison Corporation 19.9. CCT Tapes 19.10. Gergonne Industrie 20. Assumptions & Acronyms Used 21. Research Methodology
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Double Sided Tapes Market
