Double-sided Tape Market worth $17.2 billion by 2028 | Key players 3M (US), Nitto Denko Corporation (Japan), Tesa SE (Germany), Lintec Corporation (Japan).

According to recent market research the "Double-sided Tape Market by Resin Type (Acrylic, Rubber, Silicone), Technology (Solvent borne, Waterborne, Hot-melt-based), Tape-Backing Material (Foam-backed, Film-backed, Paper-/Tissue-backed), End-Use Industry, & Region - Global Forecast to 2028", is growing at a high rate due to the increased demand from various sectors. The global double-sided tape market size was USD 11.6 billion in 2022 and is projected to reach USD 17.2 billion by 2028, at a CAGR of 6.7% between 2023 and 2028. The Asia Pacific accounted for the major share of the overall market in 2022. High demand from automotive and building & construction is driving the double-sided tape market in Asia Pacific. Rapidly rising household income and fast-growing middle-class population in Asia Pacific is also responsible for the high demand from the region. The most potential market is currently in the Asia Pacific region, and this is likely to continue. The major driver for the double-sided tape market is the growing demand from packaging industry. The packaging industry's rising presence in less developed areas, demand for packaged goods has increased because of more people moving to metropolitan areas and adopting westernized attitudes and lifestyles. The booming e-commerce industry has further accelerated this trend on a global level. Increase in raw material prices is the major restraining factor of double-sided tape market. The industry for double-sided tape is heavily impacted by rising raw material costs.

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Acrylic is widely used in double-sided tapes because of its appealing qualities that set them apart in a market. Acrylics are renowned for their quick drying times, outstanding resistance to oxidation, wide temperature range, and capacity to withstand UV rays. Additionally, they display exceptional anti-aging qualities and maintain color consistency over time. They excel in water resistance and have high levels of peel, tack, and shear strength because they expertly balance adhesion and cohesion.

The solvent-based technology is the largest segment in the overall double-sided tape market. Asia Pacific has emerged as the center of demand for solvent-based adhesive technology and is expected to keep holding onto the top spot through the year 2028. Particularly in a variety of electrical and electronic applications, it provides performance that is unmatched. They are essential to the development of membrane switches and are widely used in both indoor and outdoor settings where utmost durability is required.

The foam-backed backing material is the largest segment in the overall double-sided tape market. Due to its exceptional quality, its demand is rising, particularly in the aerospace, automotive, defense, and building & construction industries. Furthermore, these tapes are eco-friendly and have good anti-vibration qualities, outstanding moisture and solvent resistance, long-term holding power, shock absorption capability, excellent conformance, and global anti-aging properties. The foam-backed double-sided tape market is likely to expand over the forecast period due to characteristics such as high internal strength, flexibility, and low peeling stress.

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Automotive is the largest end-use industry segment in the overall double-sided tape market. Double-sided tape is important in the automobile industry since it serves numerous tasks for both the outside and interior of vehicles. These tapes have a wide range of uses, including bonding accessories, adhesion, and vibration resistance. They are also used to attach the body of automobiles.

The Asia Pacific is the largest double-sided tape market, in terms of both, value and volume, and is projected to be the fastest-growing market during the forecast period. Asia Pacific was driven by the rapidly rising household income and fast-growing middle-class population. The market in Asia Pacific is now the most promising and is anticipated to remain so in the foreseeable future. Even in these times of a slowing global economy, Asia Pacific remains the most appealing region for double-sided tape manufacturers. Double-sided tape is widely used in the region's construction, packaging, and footwear sectors due to environmental and health and safety concerns.

The key companies profiled in this report are 3M (US), Nitto Denko Corporation (Japan), Tesa SE (Germany), Lintec Corporation (Japan), Avery Dennison Corporation (US).

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The 3M offers various products, including adhesives, bonding materials, coatings, and specialty materials. The company operates through the Safety & Industrial, Transportation & Electronics, Healthcare, and Consumer business segments. Through the Electronics & Energy segment, 3M supplies PSA tapes, electrical insulation, and fiber optic and copper-based telecommunications systems to rapidly deploy fixed and wireless networks. The company has production sites in 65 countries worldwide. It offers products and solutions to customers in about 200 countries in the Americas, Asia Pacific, Europe, and the Middle East & Africa.

Nitto Denko Corporation manufactures and sells double-sided tape, optical films, semiconductor devices, and electronic and medical products. It operates through the Optronics, Industrial Tape, and Life Science segments. The Optronics segment provides LCD-related and other processing materials. The Industrial Tape segment provides bonding and joining products and engineering plastics. The Life Science segment provides adhesive tapes for use in the medical sector. Nitto Denko has a strong customer base and operates in Japan, the Americas, Europe, the Middle East & Africa, East Asia, and Southeast Asia & Oceania.

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